Funding Adjustment Analyst
Full Time $65,000 - $70,000 / yearJob Overview
Verus Mortgage Capital is seeking a highly analytical and detail-oriented Funding Adjustment Analyst to support the accounting function. This role is responsible for managing the end-to-end funding adjustment process, including in-depth research, reconciliation, seller communications, cash movement coordination, and reporting.
The ideal candidate brings strong analytical capabilities, a deep understanding of mortgage cash flows, and experience interpreting loan-level data. Familiarity with mortgage servicing concepts — including principal and interest (P&I), escrow, and payment applications — is highly beneficial. This position plays a critical role in ensuring funding accuracy, resolving post-funding discrepancies, and maintaining financial integrity across funding operations.
The ideal candidate brings strong analytical capabilities, a deep understanding of mortgage cash flows, and experience interpreting loan-level data. Familiarity with mortgage servicing concepts — including principal and interest (P&I), escrow, and payment applications — is highly beneficial. This position plays a critical role in ensuring funding accuracy, resolving post-funding discrepancies, and maintaining financial integrity across funding operations.
Responsibilities and Duties:
- Serve as a part of the funding adjustment team, ensuring timely research, resolution, and documentation of all adjustments.
- Manage and maintain the funding adjustment dashboard, including status updates, tracking, and reporting.
- Monitor and respond to the Verus Funding Adjustment email inbox in a timely and professional manner.
- Research and resolve post-funding adjustments, including pricing variances, fee discrepancies, curtailments, and other loan-level differences.
- Communicate directly with Fund Administrators, DC Accounting Teams, Servicing, Lock Desk, and external Sellers to resolve outstanding items.
- Monitor Post Funding cash accounts for incoming funds and prepare wire templates to transfer funds to appropriate accounts.
- Prepare weekly wire templates for funding adjustment processing and confirm outgoing wire instructions.
- Prepare and distribute funding adjustment statements to Sellers.
- Identify and recommend process improvements to enhance efficiency and accuracy within funding and treasury workflows.
- Cross-train and provide backup support across core Accounting & Finance functions as assigned.
- Participate in special projects and departmental initiatives as needed.
Education and Experience:
- Bachelor’s degree in Finance, Accounting, Business, or related field.
- 1–3 years of experience in cash management, loan funding, financial operations, or accounting support.
- Strong understanding of funding processes and cash movement workflows.
- Mortgage industry experience
- Advanced proficiency in Microsoft Excel (pivot tables, lookups, reconciliation analysis).
- Strong analytical skills with exceptional attention to detail.
- Ability to manage multiple priorities and meet deadlines in a dynamic environment.
Key Competencies:
- Ownership & Accountability: Takes responsibility for resolving funding adjustments accurately and completely.
- Collaboration: Works effectively with internal teams and external partners to resolve discrepancies.
- Professional Communication: Communicates clearly and concisely regarding loan-level and cash-related issues.
- Problem Solving: Identifies root causes and recommends process improvements.
- Urgency with Accuracy: Manages time-sensitive tasks efficiently without compromising precision.
How This Role Demonstrates Our Values:
- Integrity: Ensures financial accuracy, proper cash handling, and transparent communication in all funding adjustments, safeguarding the company’s financial integrity.
- Collaboration: Partners effectively across departments and with external Sellers to resolve issues quickly and maintain smooth funding operations.
- Excellence: Maintains high standards in reconciliation accuracy, reporting quality, and workflow efficiency while continuously improving operational processes.
- Critical Curiosity: Investigates discrepancies thoroughly, seeks to understand underlying drivers of adjustments, and proactively recommends improvements to reduce future errors.