When you join Sallie Mae, you become a champion for all students.
We're on a mission to power confidence as students begin their unique journey. To help them plan their higher education, successfully finish, and prepare for life after school. To help them Start smart. Learn big.
Students need guidance navigating this important time in their life. They need someone who acknowledges that their education path is unique. They need a partner willing to evolve and not only meet but surpass their expectations. We're changing. Because students need a better way.
We're looking for people who are excited to drive this transformation. To break barriers and think of new ways to adapt, help, and create better experiences for students-and for each other.
This is where diverse backgrounds, beliefs, and perspectives matter. It's where you're empowered to bring your authentic self to work.
Feeling your best allows you to do your best. Our benefits take care of the whole you-from physical and mental to financial and professional. You'll get opportunities to further your education and career, support for you and your family (including your pets!), paid time off to volunteer for the things that matter to you, and more.
We're obsessed with impact and making a real difference. For us, that means putting relationships first, asking "why not?" when tackling challenges, and continuously learning new skills.
Come do more than join something, change something. For students, for future generations, for the future of education.
What You'll Contribute
The Director oversees the team responsible for the accurate and timely accounting and operational activities of the securitized debt (asset-backed securities) and investment portfolios. This role leads daily cash reconciliations of securitization trust activity, including borrower and debt payments, and directs deal setup, validation, and maintenance. The Director oversees deal-level analysis of securitized transactions, capital markets accounting entries, and monthly account reconciliations, while ensuring accurate and timely close reporting.
The Director collaborates with internal and external teams to execute operations, perform accounting research, and apply policies and procedures. This role is responsible for preparing and reviewing reports supporting quarterly close and SEC disclosures, and for managing relationships with internal and external auditors. The Director ensures adherence to internal controls and SOX requirements, including timely updates and testing, and oversees system interfaces and data integrity. Additionally, this role serves as a key point of contact for resolving inquiries from management, employees, and auditors while guiding the team in achieving corporate and departmental objectives.
What You'll Do
Securitizations, Unsecured Debt and Debt Facility(s)
Ensure maintenance of and direct deal settlements in Principia
Review and approve all debt and investment deals in Principia for adherence with developed structures in a timely manner
Oversee the maintenance of deal documentation, i.e., offering memorandums, note purchase agreements, term-sheets, sales agreements, etc.
Perform the relevant gain on sale calculations, entries, and provide reporting for senior management review
Monthly Close
Approve journal entries relating to the Company's capital markets transactions including, debt (secured and unsecured), investments, preferred stock, and facility portfolios
Ensure all close deadlines are met and issues are brought to Management's attention in a timely manner
Approve all general ledger reconciliations
Prepare and coordinate the team's Monthly Close Calendar
Reporting, including Monthly Servicer Reports
Prepare/ Review monthly reports for management review
Prepare/ Review quarterly disclosures included in SEC Forms 10K/10Q, including compete tie-out of all disclosure information for Capital Markets Accounting areas of responsibility
Prepare adhoc requests as needed
Coordinate the full reconciliation and review of MSRs prepared by Structured Finance Operations, in accordance with the prescribed monthly deadlines
Other Responsibilities
Ensure the team meets all audit (external/internal), SOX testing and internal control documentation requirements
Provides management and other departments or subsidiaries with ad-hoc reports/analysis as needed
Provides excellent customer service to employees, other departments, and external contacts
Prepare and coach direct reports to meet their annual goals and objectives, providing continuous feedback
Interact and build strong working relationships with various departments (e.g. Bank Accounting, Corporate Finance, Legal, and Accounting Systems) as it relates to monthly and quarterly business processes
Looks for ways to create efficiencies, increase department responsibilities while adhering to all documented Internal Controls
The above information is intended to describe the general nature and level of work performed by employees assigned to this job; it is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees in this role.
What you have
Minimum: Indicate minimum education, skills and experience required.
Bachelor's degree in Accounting or Finance
8+ years of progressive accounting experience, including debt and securitization accounting and 3 years in a leadership role
Financial services industry experience
Experience with secured debt, investments, and general ledger systems (e.g., Workday, PeopleSoft)
Strong analytical skills with attention to detail and ability to see the broader financial picture
Proven ability to lead or support teams and work effectively with senior management
Strong communication and interpersonal skills
Highly organized, self-motivated, and results-oriented
Excellent Microsoft Office skills
Ability to operate effectively in a high-volume, fast-paced environment
Preferred: Indicate "nice to haves" regarding education, skills, and experience.
Experience with Principia Software
The Americans with Disabilities Act
The Americans with Disabilities Act of 1990 (ADA) prohibits discrimination by employers, in compensation and employment opportunities, against qualified individuals with disabilities who, with or without reasonable accommodation, can perform the "essential functions" of a job. A function may be essential for any of several reasons, including: the job exists to perform that function, the employee holding the job was hired for his/her expertise in performing the function, or only a limited number of employees are available to perform that function.
Feeling your best helps you do your best:
Our benefits take care of the whole you-so you can build your work around your life (not the other way around!).
Competitive base salaries
Bonus incentives
Generous PTO, Floating Holidays and 12 Federal Holidays observed
Support for financial-well-being and retirement 401k with employer match
Comprehensive medical, dental, vision, hospital indemnity, critical illness, pet insurance and more
Employer paid short-term/long-term disability and basic life insurance
Flexible hybrid working arrangements.
Paid parental leave and adoption reimbursement programs
Free access to on-site staffed fitness centers (in Delaware) and gym subsidy (for locations outside Delaware)
Confidential counseling support (EAP), Health Advocacy services and Wellness program with financial incentives
Tuition Reimbursement and Family Scholarship Programs
Career development and training opportunities
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Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. Click here (https://salliemae.com/legal/pay-transparency-policy/) to view the U.S. Pay Transparency Policy, here (https://mandatoryview.com/?LicenceId=b723c601-1179-462b-a551-71dec216fdbf&ProductType=IntranetLicense&SubType=PG) for federal job applicant notices, and here (https://www.salliemae.com/content/dam/slm/writtencontent/Policies/CA\Privacy\Notice_2023.pdf) to view the California Employee Privacy Notice.
Reasonable accommodations are available for applicants with disabilities in all phases of the application and employment process. To request an accommodation please call (855) 756-2007 and choose option 9. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
Sallie Mae is proud to be an equal opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender, sexual orientation, national origin, age, genetic information, gender identity, disability, Veteran status or any other characteristic protected by federal, state or local law. If you'd like more information about your EEO rights as an applicant, please click https://https/www.eeoc.gov/employees-job-applicants. https://https/www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf. Click https://https/www.salliemae.com/legal/pay-transparency-policy/ to view the U.S. Pay Transparency Policy.
