Hedge Fund Operations Manager Jobs in Raleigh, NC

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Regular Full-Time Raleigh, NC, US

11 days ago Requisition ID: 1801

A strong, independent community bank, North State has served customers for over 25 years and counting. Headquartered in Raleigh, North Carolina, with offices in Wake and New Hanover counties, the Bank was built on and practices the core values of integrity, hard work, fairness, teamwork, and consistency. We believe it’s our calling to add value to the lives of those we serve and to do so with a spirit of friendship. We are a full-service bank with focused divisions for mortgage, government lending, and the community association management industry.

Shape the Financial Success of Our Mortgage Business.

At North State Bank, we're looking for a CPA or mortgage accountant with deep mortgage accounting expertise and a passion for driving accuracy, efficiency, and strategic insight? We are seeking an experienced Mortgage Accounting Managerto lead the accounting operations supporting our Mortgage Division.

In this highly visible role, you will oversee mortgage accounting processes, financial reporting, reconciliations, and compliance activities. You will partner with leaders across the organization to ensure the integrity of financial data, support strategic decision-making, and help maintain a strong control environment in a dynamic mortgage banking operation.

This is an excellent opportunity for a collaborative accounting professional who enjoys improving processes and making a meaningful impact on business performance.

• Manage the accounting function for the Mortgage Division, ensuring accurate and timely financial reporting.
• Maintain the integrity, accuracy, and functionality of mortgage accounting databases and reporting systems.
• Identify opportunities to enhance processes, controls, efficiencies, and reporting capabilities.

• Review daily reconciliations for mortgage loans held for sale (HFS).
• Ensure settlement accounts are balanced and cleared appropriately, researching and resolving discrepancies as needed.
• Record mortgage loan closings, sales, and other related transactions.
• Prepare mortgage commission calculations and related monthly accruals.
• Prepare and analyze mortgage performance and financial reports for executive leadership and the Board of Directors review.

• Oversee loan payment processing and remittance to appropriate institutions for sold loans.
• Manage appraisal accounting activities, including invoice monitoring, approvals, collections, and write-off processes.
• Prepare monthly mortgage hedging entries and support hedge-related transactions and settlements.
• Process annual IRS Form 1098 reporting requirements.

• Partner with internal and external auditors by providing requested documentation and analysis.
• Maintain a strong understanding of mortgage banking regulations, accounting standards, and industry best practices.
• Monitor changes in GAAP and regulatory requirements and implement necessary updates to accounting processes and systems.
• Support compliance reviews and examinations, including FHA/HUD and other regulatory audits.

• Bachelor’s degree in accounting, finance, or a related field, or an equivalent combination of education and experience.
• Active CPA license or in the process of obtaining a CPA license.
• Five or more years of progressive accounting experience, preferably within a banking or financial services environment.
• Strong understanding of mortgage accounting and the originate-to-sell mortgage banking model.
• Experience with financial reporting, reconciliations, accruals, internal controls, and audit support.
• Advanced proficiency in Microsoft Excel and working knowledge of accounting and financial systems.

• Experience with mortgage servicing, secondary market activities, and mortgage hedging.
• Demonstrated success improving processes, reporting, and operational efficiencies.

We're looking for someone who:

• Leads with integrity and accountability.
• Possesses strong analytical and problem-solving skills.
• Communicates effectively with executives, auditors, and business partners.
• Balances attention to detail with strategic thinking.
• Thrives in a fast-paced, deadline-driven environment.
• Continuously seeks opportunities for improvement and innovation.

At North State Bank, you'll have the opportunity to make a direct impact on the success of our mortgage business while working alongside talented professionals who value collaboration, service excellence, and continuous growth. We offer a professional environment where your expertise is valued, and your contributions help drive meaningful results.

North State Bank provides competitive compensation and excellent, flexible benefits program. With North State Bank benefits, you have the flexibility to choose what's right for you and your family. We hope you will see it comes down to one simple truth: North State Bank is a great place to work!

North State Bank is an equal opportunity employer and gives consideration for qualified applicants without regard to race, color, religion, sex, sexual orientation, age, gender identity, national origin, pregnancy, genetic information, disability or status as a protected veteran status or any other protected category under applicable federal, state and local laws. VEVRRA Contractor.