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NewtekOne (NASDAQ: NEWT) · 1 day ago

VP, Loan Accounting & Administration

United States

Full-time

Remote

Mid Level

$150K/yr - $170K/yr

2+ years exp

NewtekOne is a financial holding company that provides a wide range of business and financial solutions to the small- and medium-sized business market. They are seeking a VP, Loan Accounting & Administration to evaluate loan system data accuracy, ensure financial reporting integrity, and manage internal controls related to loan processes.

Financial Services

Responsibilities

Serve as the designated control owner for key loan accounting controls, ensuring they are properly documented, executed, and effective

Perform and monitor control activities including reconciliations, exception report reviews, data validation, and financial reporting checks

Identify control deficiencies, risk exposures, or process breakdowns and lead remediation efforts

Maintain control documentation to meet internal control, SOX (if applicable), and regulatory requirements

Collaborate with Risk, Compliance, and Internal Audit teams to support control testing and evaluation (but not to perform audit functions)

Ensure accuracy and completeness of loan-related data within the loan accounting system and its reconciliation to the general ledger

Validate interest, fee, and principal accounting for accuracy and policy compliance

Assist in preparing or reviewing key loan accounting schedules and journal entries

Review reports, investigate discrepancies, and ensure timely resolution

Monitor daily operational workflows to ensure processes adhere to established controls and procedures

Recommend and support process improvements to enhance accuracy, efficiency, and control strength

Participate in system enhancements, upgrades, or integrations, focusing on control design and data accuracy

Work with Loan Operations, Accounting/Finance, Credit Administration, Compliance, and Technology teams to ensure consistent application of controls across the loan lifecycle

Support audit and regulatory exams by providing control evidence, documentation, and explanations

Qualification

Loan accounting principlesInternal controlsRisk management frameworksLoan life cycle processesLoan accounting systemsCore banking platformsGAAPAnalytical skillsExcel proficiencyAudit toolsProblem-solving skillsAttention to detailWritten communicationVerbal communication