Two Harbors Investments Corp
Assistant Controller
Two Harbors Investments Corp, Minneapolis, MN
Two Harbors is seeking an Assistant Controller to provide leadership and oversight of its corporate accounting and financial reporting functions. A successful candidate must possess strong leadership attributes with the ability to influence senior leadership and collaborate across multiple functional areas.
The ideal candidate should have experience across the mortgage industry, including mortgage lending, mortgage servicing and mortgage-backed securities. Although not mandatory, the position would benefit from an understanding of REIT requirements, and the various restrictions placed on Two Harbors' activities. Most importantly, the candidate must demonstrate intellectual capacity to collaborate on complex matters and problem-solve, be detail-oriented with the ability to manage priorities and deadlines in a fast-paced, evolving environment. In addition, the candidate must promote a positive work culture, mentor team members in the accounting function, and develop internal and external relationships.
Responsibilities
Qualifications
Physical Demands & Working Conditions
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job:
Founded in 2009, Two Harbors Investment Corp. (NYSE: TWO) has grown into a leading publicly traded residential mortgage real estate investment trust (mortgage REIT). We leverage our core competencies of understanding and managing interest rate and prepayment risk to invest in our Agency residential mortgage-backed securities (RMBS) and mortgage servicing rights (MSR) portfolio, with the objective of delivering attractive risk-adjusted returns to our stockholders.
In 2023, we acquired RoundPoint Mortgage Servicing LLC, a fully integrated, non-bank mortgage company, reaffirming our commitment to MSR as core and essential to our business strategy and our future. A combined Two Harbors and RoundPoint capitalizes on the strengths of both companies, adding significant value for stakeholders through operational and cost efficiencies, as well as the ability to participate more fully in the mortgage finance space as opportunities arise.
Two Harbors Investment Corp. is proud to be an Equal Opportunity/Affirmative Action Employer. We are committed to equal employment opportunity to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
The ideal candidate should have experience across the mortgage industry, including mortgage lending, mortgage servicing and mortgage-backed securities. Although not mandatory, the position would benefit from an understanding of REIT requirements, and the various restrictions placed on Two Harbors' activities. Most importantly, the candidate must demonstrate intellectual capacity to collaborate on complex matters and problem-solve, be detail-oriented with the ability to manage priorities and deadlines in a fast-paced, evolving environment. In addition, the candidate must promote a positive work culture, mentor team members in the accounting function, and develop internal and external relationships.
Responsibilities
- Ensure timely and accurate preparation of financial reporting, including periodic SEC filings and supplementary reporting for audit committee, counterparties, management, etc.
- Support maintenance of accounting policies and procedures and support technical accounting research necessary to maintain GAAP and SEC compliance, including application of new accounting standards
- Manage all corporate accounting processes, including accounts payable and accounting for all corporate transactions and activities
- Assist Controller in managing monthly financial close process, including general ledger maintenance and reporting, consolidations and trend/variance analysis
- Facilitate communication with external auditors
- Assist investor relations with external communications
- Team with internal and outsourced IT functions to expand back-office technology and further automate critical accounting systems and reporting
- Partner with FP&A to update forecasting models using automated reports and data from systems
- Engage with industry peers, Accounting system software vendors, and relevant industry groups
Qualifications
- Undergraduate degree in Accounting, Finance or related field. CPA and/or MBA preferred
- Public accounting experience required, preferably Big 4
- 7+ years in the financial services industry, preferably with a focus on the U.S. mortgage market (investment in mortgage-related products, mortgage loan origination, servicing and financing) and in a public company environment
- Strong problem solving and analytical skills with the ability to exercise sound judgement and make decisions based on accurate and timely analyses.
- Strong process management skills with experience in designing and managing projects and developing and enhancing systems, operational structure and procedures
- Strong interpersonal skills, with the ability to communicate and manage at all levels of the organization
- Strong verbal and written communication skills. Ability to lead and motivate peers to achieve results
- Track record of demonstrating good decision making and strategic discipline
Physical Demands & Working Conditions
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job:
- The employee is regularly required to talk or hear.
- The employee is required to sit for extended periods of time and is occasionally required to stand and walk.
- The employee must regularly use hands to finger, handle, or feel objects and is regularly required to reach with hands and arms; the employee may occasionally climb or balance, and stoop, kneel, crouch, or crawl.
- The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.
- Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus.
- The noise level in the work environment is usually quiet to moderate, and no extreme conditions are present.
Founded in 2009, Two Harbors Investment Corp. (NYSE: TWO) has grown into a leading publicly traded residential mortgage real estate investment trust (mortgage REIT). We leverage our core competencies of understanding and managing interest rate and prepayment risk to invest in our Agency residential mortgage-backed securities (RMBS) and mortgage servicing rights (MSR) portfolio, with the objective of delivering attractive risk-adjusted returns to our stockholders.
In 2023, we acquired RoundPoint Mortgage Servicing LLC, a fully integrated, non-bank mortgage company, reaffirming our commitment to MSR as core and essential to our business strategy and our future. A combined Two Harbors and RoundPoint capitalizes on the strengths of both companies, adding significant value for stakeholders through operational and cost efficiencies, as well as the ability to participate more fully in the mortgage finance space as opportunities arise.
Two Harbors Investment Corp. is proud to be an Equal Opportunity/Affirmative Action Employer. We are committed to equal employment opportunity to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.