Director of Accounting

Job description

Position Summary: Responsible for overseeing the daily operations and functions of the Operations Accounting Team, ensuring conformance with the organization’s policies and procedures, as well as state and federal regulations. Assists the upper management in maintaining the integrity and accuracy of Accounting/Financial data in accordance with GAAP. Responsibilities: Directs the accounting operations of the Company, with primary oversight of Loan Accounting, Trust Accounting, and related operational functions, transaction processing, and the overall internal control environment. Provides operational leadership and mentorship to Loan Accounting and Trust Accounting team, including training, issue resolution, and continuous development of team capabilities and performance. Oversees loan-level and trust accounting processes, including invoice allocation methodologies, direct operating expense accruals, custodial/trust activity, and related reconciliations; ensures accuracy, transparency, and scalability across processes. Leads initiatives to enhance and optimize operational processes, including the expansion and management of offshore resources for loan-level vendor invoice allocations and other transactional accounting activities. Evaluates and improves internal accounting processes and controls; develops and strengthens policies, procedures, and internal control frameworks to ensure compliance, particularly over loan and trust-related transactions. Oversees all operational accounting activities, including journal entries, general ledger reconciliations, and ownership of the monthly, quarterly, and annual close processes; supports financial statement preparation. Drives operational efficiency and financial performance by analyzing expense trends, identifying cost drivers, and implementing cost reduction and process improvement initiatives across accounting operations. Collaborates with cross-functional teams to ensure that new products, business lines, and complex transactions are accurately accounted for and properly reflected in the general ledger and financial statements. Leads, develops, and retains a high-performing accounting team, providing direction in workforce planning, performance management, and employee development; responsible for hiring, coaching, and resolving employee issues. Leads and executes strategic initiatives and special projects related to accounting operations, including system implementations, process standardization, and scalability improvements. Ensures the accuracy, integrity, and effectiveness of financial records and internal controls. Directs the implementation of internal controls ensuring compliance, including developing and maintaining accounting policies and procedures. Develops monthly and quarterly financial reports for management; identifies areas of concern and cost-saving solutions. Responsible for recommending final hiring and termination decisions, overall direction, coordination, and evaluation of related employees. Responsibilities include interviewing and training employees; planning and directing work; managing performance; addressing complaints and resolving problems. Performs other duties and projects assigned. Requirements Bachelor’s Degree in Accounting preferred, and/or minimum of ten (10) + years’ equivalent work experience. Minimum seven (7) + years of management experience preferred. CPA preferred. Extensive knowledge and working experience with general ledger systems. Experience in the Mortgage industry preferred. This role required a hybrid schedule based out of Irvine, CA. Why work for #teamloanDepot: Aggressive compensation package based on experience and skill set. Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive. Work with other passionate, purposeful, and customer-centric people. Extensive internal growth and professional development opportunities including tuition reimbursement. Comprehensive benefits package including Medical/Dental/Vision. Wellness program to support both mental and physical health. Generous paid time off for both exempt and non-exempt positions. About loanDepot: loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts. Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $142,000 and $180,000. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location. We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.