Senior Accountant, Valon Mortgage
$93.5-126.5k
Plus equity and our performance bonus program
Transforming $25B+ mortgage servicing market with software
Open for applications
Transforming $25B+ mortgage servicing market with software
201-500 employees
Open for applications
$93.5-126.5k
Plus equity and our performance bonus program
201-500 employees
Company mission
To champion homeowners on their financial journey, as the partner they trust with their home and future.
Role
Who you are
- Bachelor's degree in accounting, finance, or related field
- 2-5 years of experience in accounting or finance
- Work experience at a public accounting firm and/or a financial services firm, such as an asset manager, hedge fund, or private equity firm
- Willingness to learn and take ownership of projects
- Ability to think critically and solve problems in a fast-paced environment
- Self-motivated and able to work independently
- Experience working in a startup or technology company is a plus
Desirable
- Certified Public Accountant (CPA) preferred
- Experience managing loan accounting preferred (mortgages and related financial products)
- Experience working in a startup or financial technology company is a plus
- Working knowledge of SQL and/or willingness to learn
What the job involves
- You will be responsible for ensuring the accuracy and integrity of financial information, maintaining financial controls, and developing financial reports
- You will report directly to the Assistant Controller
- Prepare and maintain financial records and ensure their accuracy
- Review and analyze financial statements to identify discrepancies and ensure compliance with accounting principles and regulations
- Develop financial reports and presentations for management
- Manage accounts payable and accounts receivable
- Perform bank reconciliations and manage cash flow
- Monitor and maintain financial controls and policies
- Coordinate with external auditors and tax accountants to prepare financial statements and tax returns
- Collaborate with cross-functional teams to support business operations and strategic initiatives
- Assist with budget preparation and forecasting
- Manage loan accounting, including reconciling loan transactions, recording loan payments, and preparing loan-related financial reports
Our take
Valon is attempting to bring smoother, clearer customer service to the often unsophisticated industry of mortgage services. Its cloud-native mobile platform allows borrowers to make payments and manage escrow accounts while avoiding time-consuming call centers, inaccurate information and poorly designed websites. In turn, lenders can use the platform to request API feeds to gather information on customer performance.
The company is aiming to disrupt and bring down the costs in a market that it sees as heavily monopolized, and which is largely devoid of customer-oriented innovation. Currently, mortgage servicing giant Black Knight controls over half of all residential loans in the US, the result of which has seen a 250% increase in servicing costs in the last decade.
Valon's growth so far has been remarkable. The company went from zero contracts in 2019 to $10 billion in mortgages in 2020. Its remarkable growth attracted over $70 million in funding in 2021. On top of this boost, it has further diversified its capabilities to include servicing government-sponsored home loans from the Federal National Mortgage Association.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
21% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Jul 2024
$69.8m
LATE VC
Aug 2022
$61.5m
LATE VC
Total funding: $248.8m
Company benefits
- Fully Covered Healthcare Premiums on Zero Deductible Medical/Dental/Vision Insurance Plans
- Flexible Sick Days
- Equity Packages
- Generous Vacation Policy + Multiple Company Holidays
- Provided Laptop, Custom Acessories, and Ergonomic Equipment
- Commuter Benefits
- Paid Parental Leave
- Unlimited Snacks and Drinks
Company values
- Do what’s best for Valon - We always do what’s best for the business. We prioritize Valon’s long-term success over personal or departmental interests. Every decision should keep in mind what’s globally optimal for Valon.
- Deliver impact - We do the hard thing to get the job done—specifically, to get the job done right. Valon values high ownership, end-to-end accountability, and delivering concrete outcomes.
- Communicate with candor - Valon values intellectual honesty and direct communication for both individual growth and the best possible outcomes. We stay humble and open-minded.
- Act with urgency - We operate with a strong bias for action to make fast progress consistently. This compounds, and we win by moving mountains over long time periods.
- Reason from first principles - We believe in thinking deeply and precisely. We empower our team with deep business context so they can build their reasoning from the ground up rather than being bound by convention or what everyone else does.
- Focus on what matters most - We constantly assess and re-orient ourselves to do the work that matters most for the business. We are always laser-focused on pushing the business forward.
Company HQ
Union Square, New York, NY
Articles
Leadership
Andrew Wang
(CEO)Studied Computer Science at Harvard. Interned as a Software Engineer at The White House, and Google. Was an Analyst at Goldman Sachs. Spent 4 years as a Principal to Soros Fund Management.
Linda Du
(COO)Studied Computer Science and Statistics at Harvard. Worked at Samlyn Capital and Two Sigma prior to joining Valon.
Jake Mintz
(CPO)Studied Electrical Engineering at Santa Clara University. Co-founded Bump Technologies which was acquired by Google.
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