Accounting Intern

SUMMARY:  Are you a current college student looking to get real world accounting experience? If so, Waterstone Mortgage has the perfect opportunity for you! We are looking for an intern to assist in the day-to-day functions of our Accounting department for the summer.

The Intern will assist the Senior Manager of Funding & Accounting in providing financial, administrative, and clerical services. This involves processing purchase advices, reconciling investor wires, making payoffs, paying invoices, sending funding wires, maintaining financial records, and various administrative duties. Someone with high attention to detail, great organizational skills, and technology experience will be able to thrive in this position regardless of their background or experience.

This position would ideally be a hybrid role, in the Brookfield, WI area, but open to remote.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Process daily purchase advices to ensure accuracy of entries and proper write backs
• Process, balance, and post daily payoffs and settlements from investors
• Backup and support to the Funding department such as ordering wires, reconciling funding data, and clearing funding conditions
• Backup and support to the Accounting Lead such as processing invoices and managing emails from shared inboxes
• Maintain and track vendors on autopayments
• Process daily deposits and prepare journal entries of miscellaneous checks

ADDITIONAL DUTIES: 

• Complete any additional duties assigned by management
• Complete regulatory and compliance training as required
• Assist WMC employees and departments as needed

Individuals in this position shall not engage in loan origination during the course of his/her employment with WMC.  Loan origination is defined as (1) taking a residential mortgage loan application; or (2) offering or negotiating terms of a residential mortgage loan for compensation or gain; (3) advertising or communicating to the public that you can perform loan origination services.  Please see the Loan Originator Compensation Policy for more details on the definition of loan origination.