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Finance - Accounting - Lead Associate (Flexible Hybrid)

Company Description

At Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will grow your career and help create access to fair, affordable housing finance.

Job Description

As a valued colleague on our team, you will guide the team and provide expertise on analyzing business transactions and financial information to determine and maintain records of assets, liabilities, profit and loss, tax liability, and other financial activities related to the Single-Family Loans portfolio.

THE IMPACT YOU WILL MAKE
The Finance - Accounting - Lead Associate role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

  • Review financial information from relevant finance and accounting sources.
  • Synthesize analysis of business and financial information to determine appropriate accounting treatment and record results with support from team and manager.
  • Design reports and implement reporting processes to document financial results.
  • Interpret analysis and explanations of financial results to ensure accuracy and support business decisions.
  • Design and execute accounting and financial operations processes and related controls.
  • Operate in a lead role within the team which may include training and providing leadership to staff.  Assist the Accounting Manager and/or Director in team planning, assignments, and other duties as needed.

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

  • 4 years of Relevant experience
  • Bachelor's degree in Accounting, Business, Finance, or Economics
  • Strong proficiency in Excel is required; includes proficiency with vlookup, pivot, sumifs functions as well as ability to import, reconcile, and validate complex data from multiple sources

Desired Experiences

  • Certified as a public accountant (CPA) or functional equivalent  
  • 4+ years of experience in public accounting, consulting and/or financial services with previous accounting operations experience is strongly preferred
  • Secondary mortgage market experience and strong understanding of the loan life cycle (e.g., acquisition, securitization, liquidation) is strongly preferred
  • Strong understanding of the monthly close process 
  • Ability to resolve issues and exceptions in a timely and professional manner; must be able to identify opportunities to streamline and automate  

Additional Information

The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.

Fannie Mae is a flexible hybrid company. We embrace flexibility for our employees to work where they choose, while also providing office space for in-person work if desired. At times, business need may call for on-site collaboration, which means proximity within a reasonable commute to your designated office location is preferred unless job is noted as open to remote.

Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at [email protected].

The hiring range for this role is set forth on each of our job postings located on Fannie Mae's Career Site. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee’s physical, mental, emotional, and financial well-being. See more here.

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What You Should Know About Finance - Accounting - Lead Associate (Flexible Hybrid) , Fannie Mae

Welcome to Fannie Mae, where futures are made! We are excited to invite a Finance - Accounting - Lead Associate to join our amazing team in Washington, DC. In this flexible hybrid role, you will dive deep into analyzing business transactions and financial information related to our Single-Family Loans portfolio. This position is perfect for someone who enjoys a dynamic work environment and wants to make a significant impact in the housing industry. As a Lead Associate, you will review financial information, design reports, and implement processes to document our financial results accurately. You will not only synthesize analysis but also provide guidance to the team, helping us refine our accounting and financial operations. If you thrive on training others, assisting in team planning, and ensuring the accuracy of financial interpretations, you’ll fit right in here at Fannie Mae. You'll also enjoy the flexibility of your day, be it working remotely or joining us in person at the office, as we appreciate the balance between professional and personal life. Your journey with us will also contribute to making housing finance fair and accessible for millions. Come grow your career with us at Fannie Mae, and let’s create opportunities together!

Frequently Asked Questions (FAQs) for Finance - Accounting - Lead Associate (Flexible Hybrid) Role at Fannie Mae
What are the responsibilities of the Finance - Accounting - Lead Associate at Fannie Mae?

As a Finance - Accounting - Lead Associate at Fannie Mae, your primary responsibilities will include reviewing financial information, synthesizing business analyses, designing reports, interpreting financial results, and leading a team in various accounting operations. You'll play a crucial role in ensuring the accuracy of financial records that contribute to business decisions and operational excellence.

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What qualifications are needed to apply for the Finance - Accounting - Lead Associate position at Fannie Mae?

To be eligible for the Finance - Accounting - Lead Associate position at Fannie Mae, you should possess a Bachelor's degree in Accounting, Business, Finance, or Economics, along with a minimum of 4 years of relevant experience. Proficiency in Excel is essential, and having CPA certification or experience in public accounting or the secondary mortgage market will be advantageous.

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How does the flexible hybrid work model function for the Finance - Accounting - Lead Associate role at Fannie Mae?

Fannie Mae offers a flexible hybrid work model for the Finance - Accounting - Lead Associate role, allowing you the freedom to choose whether to work remotely or in the office. While you can tailor your work environment to your preference, occasional on-site collaboration may be required based on business needs, making it a great choice for maintaining a work-life balance.

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What skills are emphasized for success as a Finance - Accounting - Lead Associate at Fannie Mae?

Success in the Finance - Accounting - Lead Associate role at Fannie Mae requires strong analytical and financial skills, particularly in synthesizing data to inform accounting treatment. Proficiency in Excel, leadership capabilities, problem-solving abilities to resolve issues promptly, and an understanding of the monthly close process are also highlighted as key skills for this position.

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What can candidates expect from the team culture at Fannie Mae for the Finance - Accounting - Lead Associate position?

Candidates for the Finance - Accounting - Lead Associate position at Fannie Mae can expect to join a diverse and inclusive team culture that values collaboration and shared goals. You'll engage with colleagues who care about making a difference in the housing finance industry while enjoying a supportive environment that encourages both personal and professional development.

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Common Interview Questions for Finance - Accounting - Lead Associate (Flexible Hybrid)
Can you describe your experience with financial analysis relevant to the Finance - Accounting - Lead Associate position?

In responding to this question, provide specific examples of your previous financial analysis work, emphasizing your role in synthesizing data and how it led to actionable insights. Highlight any relevant tools you've used, particularly Excel, and demonstrate your problem-solving abilities in real situations.

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What accounting treatments do you find most challenging, and how have you handled them?

Discuss any particular accounting treatments that have posed challenges and outline the approach you took to overcomes these challenges. Employers appreciate candidates who can reflect on past difficulties and explain strategies employed to resolve them, showcasing your analytical and critical thinking skills.

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How do you ensure accuracy in your financial reporting?

Describe your process for verifying the accuracy of financial reporting, emphasizing techniques such as double-checking figures, using software tools, and seeking peer reviews. Providing a structured approach demonstrates your thoroughness and attention to detail, which are vital traits for the Finance - Accounting - Lead Associate role.

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What experience do you have with team leadership and training in an accounting environment?

Share specific experiences where you acted as a leader or mentor within your team, detailing how you trained others and contributed to their professional development. Highlight your leadership style and examples of how you've fostered a collaborative environment.

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Explain your experience with the loan life cycle and its relevance to accounting.

Discuss your understanding of the loan life cycle, emphasizing how your experience relates to accounting practices within that context. Provide insights into how your prior roles have prepared you for the Finance - Accounting - Lead Associate position at Fannie Mae, showcasing your industry knowledge.

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How have you contributed to streamlining accounting processes in your previous roles?

Describe specific instances where you identified inefficiencies in accounting processes and implemented changes to enhance operations. Focus on your proactive approach to identifying opportunities for automation and process improvement, illustrating your critical thinking and analytical skills.

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What tools and technologies are you proficient in that relate to this position?

Mention specific accounting software and tools you are familiar with, including advanced Excel functionalities like VLOOKUP, PivotTable, and data reconciliation techniques. Showing your technical proficiency demonstrates your readiness for the Finance - Accounting - Lead Associate role.

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Describe a time you managed a high-pressure financial situation.

Employers will look for your ability to perform under pressure, so share a specific anecdote where you successfully navigated a stressful financial situation. Explain your thought process, the outcomes, and what you learned from the experience.

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How do you stay updated with changes in accounting regulations and practices?

Discuss the resources and methods you utilize to keep abreast of accounting regulations, such as industry publications, certifications, and professional networks. This shows your commitment to continuous learning and professional development, which are important for a role at Fannie Mae.

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What motivates you to work in the housing finance industry?

Speak to your passion for the housing finance industry and how it aligns with your career goals. Discuss the impact of your work and the importance of providing access to fair and affordable housing, indicating your commitment to the mission of Fannie Mae.

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Fannie Mae’s mission is to facilitate equitable and sustainable access to homeownership and quality, affordable rental housing across America.

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Full-time, hybrid
DATE POSTED
January 15, 2025

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