Mohammed Z Hamadto

Valencia, CA *****

ade8gm@r.postjobfree.com 310-***-****

Driven and detail-oriented professional with proven success in handling Accounting, Financial Analysis and reporting functions associated with Generally Accepted Accounting Principles Generally Accepted Auditing Standards

Exceptional interpersonal, communication and analytical skills

Penny Mac Loan Services 2013-Present

Sr Analyst – Investor Accounting

●Bank Account reconciliations per S/S, S/A, A/A Remittance types for GSE’s portfolios (Fannie Mae, Freddie Mac and Ginnie Mae) as well as Warehouse accounts, Private investors’ J.P Morgan, Goldman Sachs’, Citi Bank, Bank Of America, and analyzing interchangeable transactions with the Corporate’s Treasury department and its operating, Interim clearing, advances and payment clearing accounts

●Allocate necessary adjustments, Cash Flow analysis, Posting errors, Funding Adjustment to all open/unresolved items related to the monthly activities and ensuring that all items are current

●Managed new Acquisitions acquired from prior Seller Servicers and managed Settlements packages

●Prepare Cash analysis reports demonstrating the flow of funds between GSE’s, private investors and PennyMac Corp, and ensuring that all parties “ Investors and PNMAC” have no discrepancies

●Analyze Agency Sales discrepancies for various GSE’s accounts for SMP and other loan transfers funding and prepares the appropriate wires necessary for proper Allocation of funds

●Developed database tables for loan sales to ensure accuracy of Cash flow to Investors

●Collaborate with Treasury and corporate accounting departments to ensure the accuracy of any movements of funds between Warehouse accounts and all other corporate operating accounts

●Analyze large data files pertaining to loans UPB’s, their respective investors, Sale prices, Loan boarding balances, principal and interest postings as well as curtailments and payoffs

●Overseen Loan Transfers and ensure accuracy per all loan balances and its associated payments

●Review Amortization Schedules to ensure the accuracy of the P&I, S/F’s, Amortization schedules Curtailments, MODs fees, Short sale proceeds, Payoffs, MI claims, Trailing gains, escrow advances, Escrow reimbursements, corporate advances, liquidation charges calculations in relations with other investors’ guidelines and Corporate requirements

●Utilize the usage of MSP, SQL, ACCESS, LAR LAFA, LAMP Ad-Hoc and EDI Parsing for data analysis with regards to Principal, Interest, Escrow and insurance analysis, Taxes, loan transfers, and service fees rates and ratios as well as payoffs, liquidations, corporate advances, and service releases.

●Provided Cash payments tracking, Deposits and disbursements per REG AB, HUD Internal and External Audit requirement

●Ginnie Mae loan-level liquidation process ensuring the accurate installments have been posted and the delinquent P&I payments were accounted for prior to liquidating a loan.

●Created an Investor Accounting Matrix to facilitate the reporting, remittance and reconciling navigation processes throughout the organization

●Trained analysts on Bank account reconciliations and created detailed bank reconciliation training manuals for the department’s staff to ensure effectiveness and streamlining of the process

Bank of America 2011-2013

Business Support Lead – Cash Management

●Create Databases Tales utilizing MS Access and SQL server for Large number of loans for various purposes including but not limited to posting to Escrow accounts, moving funds into partial, change loans WC, LC, CC codes and waiving late charges for standard loans along with HELOC loans.

●Utilized the usage of AS400,LAFA, I-portal, image view, SRM, and LADI for accurate and sufficient research for various types of projects and reports required by LOB’s and management

●Reviewed and provided all the metrics needed for the business analysis, the periodically press releases and the SEC related to revenue/bookings

●Reviewed and approved material contracts, above $1M to insure proper revenue documentation and accounting

●Analyze various types of reports from different LOB’s and adjust databases to meet the different requirements by the LOB as far as payments research, late charges waivers, reversals, and reapplications and imposed a late charge

●Manage the distribution group for the late charges department, handling all requests from different LOB’s and respond to them within the SLA determined by the department

Bank of America 2011

Sr Auditor – Investor Accounting – Contract

●Monitor Making Homes Affordable Modification (MHA) Program for Bank of America’s treasury reporting, incentives and any revisions to FNMA/FDMC supplemental directives and convey all changes to the business to ensure compliance.

●Detect all inappropriate postings and misapplications and document the necessary steps for cash corrections, modifications, and adjustments

●Monitored the processing of internal Cash allocation, and determine its accuracy

●Extensive borrower history research and analyze individual Customer Trends

●Establish and maintain Auditing Templates and other servicing tools for use in the HAMP and underwriting processes

●Complete scheduled and AD HOC Audits on GSE and non-GSE loans to ensure compliance with internal policies and procedures in accordance with the Making Homes Affordable program

●Verified expected borrower’s contribution and curtailments and ensure that they were satisfied in AS400 / I-series.

●Documenting Procedures and Research Reports in regards to multiple Investor Accounting functions within FDMC/FNMA

Western Asset Management 2008-2009

Accountant – Corporate Accounting

●Maintenance and reconciliation of GL accounts, mainly within A/R and A/P, Revenues, Prepaid reports, Fixed Assets, Accruals accounts

●Executive management Incentive plans schedules preparation with their respective postings and updated periodically

●P&L analysis for the corporation finance on a monthly basis collaborating efforts with Budgeting personnel

●Assess in preparation of all financial reports related to Audit procedures and SOX requirements on a periodic basis for auditing purposes.

●Post journal entries on a daily basis and the necessary entries to reconcile balance sheet accounts

●Fixed assets depreciation and reconciliation schedules along with reasonableness tests for additions and disposals with all necessary postings to their GL accounts

●Prepare all lease/rent schedules for entities within the corporation with their Amortization Schedules besides posting adjustments/reversing entries as needed due to changes/amendments to Lease Agreements

●Prepare and maintain all Errors and Claims / Chargebacks and client’s/credits reports on a monthly basis.

●A/R aging analysis on monthly basis along with cash postings to the appropriate clients’ accounts timely

Kittrich Corporation 2005 –2008

Accountant – Corporate Accounting

●Increased efficiency and productivity usage of MS Office, Oracle, Monarch and MS Outlook.

●A/R closing, fixed assets reconciliations, cross aging and unapplied cash, and prepare monthly Aging reconciliation within the corporation and the creditor bank.

●Performed daily outstanding reports regarding the Cash Slow, Sales, Deposits, Releases, Ineligible, and other financial reports

●Prepared bank reconciliation’s for various accounts on a weekly basis

●Responsible for preparing reports to management regarding all the bank transactions concerning the Cash Flow and budgeting within the company and adjusting the basis of borrowing for the daily manufacturing processes expenses

●Assessed Cash Applications process improvement

●Prepared debit and credit reports sorted by clients along with monthly chargebacks and made the necessary

●adjustments for aging purposes

Education, Certification & Awards

Penny Mac Loan Services, Analyst of the year 2015

Charted Accountant, Auditors Registry, Ministry of Finance, Cairo, Egypt

California Board of Accountancy Candidate

Bachelor of Science- Accounting, Zagazig University

Systems

Hyperion, SQL, Excel, Cognos, Coda, AS400, BKFS MSP, PNMAC SSE, Oracle, Domo, Word, Power Point.

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