Manager of Mortgage Accounting

Location:	Toronto, Toronto, Ontario, Canada
Job Type:	Permanent
Posted:	4th Jun 2008
Closing Date:	31st Oct 2008
Posted By:	Ivedha Financial
Details:
Manager of Mortgage Accounting The Manager, Mortgage Management Accounting is a key member of the Mortgage management team who will work closely with the Director, Mortgage Management Accounting. The incumbent is responsible for providing high quality, well-researched accounting and operational advice related to mortgage investments. Specifically the individual is accountable for all accounting, mortgage banking, reporting and other processes related to system upgrades, process changes and new initiatives with respect to North American Mortgage Operations. This includes working closely with Investment Systems, Mortgage Operations, the system vendor and other divisions. Initially this position will work on a large number of Corporate mandated projects, System upgrade initiatives and strategic departmental, efficiency type projects. Future responsibilities may include the day-to-day management of staff for certain job functions in the Mortgage Management Accounting group. Responsibilities: • Become the second i command fnor the Mortgage Management Accounting area with primary responsibility for all mortgage banking, internal reporting, third party reporting, special projects and new initiatives as related to mortgage operations. • Provide sound Accounting, Business and System expertise for all system upgrades and new initiatives. • Work with business partners to identify issues and opportunities for improvement/efficiencies and develop and implement solutions. • Review and signoff on accounting or functionality testing output related to system upgrades. • Become the Mortgage System business expert • Write requirements and procedural documents and be able to communicate those requirements to system vendors and senior management. • Provide accounting and process advice to Canadian, CMHC, US and Agriculture and Timber Mortgage origination teams on complex or non-standard transactions and a wide variety of other issues that arise in the course of business. Qualifications • Complete understanding of Manulife’s mortgage accounting policies and procedures, and an understanding of Canadian and US GAAP for life insurance firms. • Licensed accountant (CA, CMA, CGA, CPA) up-to-date with current issues in US and Canadian GAAP particularly as they apply to invested assets and financial instruments relevant to mortgage transactions (eg. Derivatives). • A CFA, while not essential, would be desirable, as would a strong interest in financial markets. • Extensive computer applications experience in mortgage accounting, regulatory and management reporting systems and previous experience in testing, reviewing test output and project management. • Ability to design and re-engineer accounting and reporting processes efficiently based on Departmental and Divisional requirements. • Strong process definition skills to specify the required accounting and reporting requirements for new mortgage related products and programs. • Excellent analytical and problem-solving skills. • Ability to manage changing priorities and multiple tasks simultaneously. • Strong written, communication, interpersonal and influencing skills with the ability to build relationships across departments and divisions.

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