Assistant Controller

Why Deephaven Mortgage?

Deephaven Mortgage has been a pioneer and leader in non-QM since our origin in 2012. Our longevity and strength in the non-QM space has allowed a significant number of borrowers to achieve homeownership who otherwise would not have under traditional requirements. Deephaven champions mortgage borrowers whose independence, entrepreneurial drive and determination are often the very reason they cannot qualify for a traditional loan.

We continuously and responsibly innovate new mortgage products and programs that put homeownership within reach of millions of borrowers and investors that need and deserve financing through lending ingenuity that is supported by common-sense underwriting.

Deephaven is comprised of two lending platforms. Our wholesale channel offers loans through a network of over 1,000 independent mortgage brokers. Our correspondent channel buys loans from over 200 correspondent partners.

Deephaven’s headquarters are in Charlotte, North Carolina. To learn more about our innovative loan solutions please visit www.deephavenmortgage.com or email us at info@deephavenmortgage.com.

Job Overview

The Assistant Controller supports the Deephaven Mortgage Accounting team in managing financial reporting, treasury operations, funding activity, and loan-level accounting for a Non-QM mortgage lending platform. This role ensures timely and accurate financial reporting, strong internal controls, and full compliance with GAAP and investor/warehouse requirements. The Assistant Controller partners closely with Counterparty Risk, Transaction Management, Funding, Capital Markets, Servicing, and FP&A to support the entire mortgage lifecycle. The position also includes leadership responsibilities, including supervision, coaching, and development of accounting staff.

This role is HYBRID in office in the Ballantyne area of Charlotte, NC.

What You'll Do

Financial Reporting & Month-End Close

• Lead key components of Deephaven’s monthly, quarterly, and annual close processes

• Prepare and review journal entries, account reconciliations, warehouse reconciliations and service remittance reconciliations, and income statement analytics

• Ensure proper GAAP application related to loan originations, purchases, gain-on-sale, servicing assets/liabilities, and warehouse financing structures

• Develop, review, and present internal reporting packages to the Controller and senior finance leadership using advanced Excel models and PowerPoint summaries

Loan-Level Accounting & Operational Oversight

• Oversee comprehensive loan-level accounting from funding through sale

• Manage accounting for costs/fees, repurchase reserves, premiums/discounts, and other mortgage-specific accruals

• Work closely with Capital Markets on loan sale settlements, pricing impacts, and investor cash application

• Ensure accurate and timely recognition of loan sale gains/losses

Funding and Warehouse Management

• Partner with Funding to manage day-to-day funding operations across Deephaven’s warehouse lines

• Oversee daily warehouse activity including fundings, curtailments, wire releases, and payoffs

• Ensure timely posting of warehouse interest, fees, and collateral reporting

• Support liquidity forecasting and daily/weekly warehouse availability analysis

• Assist with covenant reporting, borrowing base reviews, and warehouse lender communications

• Coordinate cash movements, settlements, and bank activities

Leadership & Team Management

• Lead, supervise, and mentor accounting team members, providing coaching, workload direction, and performance feedback

• Oversee staff responsible for reconciliations, journal entries, loan-level accounting, and treasury support functions

• Promote a culture of accountability, accuracy, collaboration, and continuous improvement

• Ensure team adherence to deadlines, internal control requirements, and quality standards

Internal Controls, Compliance, and Audit Support

• Strengthen and maintain internal controls across accounting, treasury, and funding processes

• Support internal and external audits through documentation, walkthroughs, and control testing

• Ensure compliance with GAAP, investor agreements, warehouse contracts, and regulatory requirements

• Contribute to control enhancements

Process Improvement & System Optimization

• Identify opportunities to streamline accounting, funding, and reconciliation processes to improve accuracy and efficiency

• Partner with IT and Reporting teams to enhance system integrations across LOS (Encompass), servicing platforms, data warehouse tools, and general ledger systems

• Contribute to system upgrades, automation initiatives, and workflow redesign projects

What We Need

Education & Experience

• Bachelor’s degree in Accounting, Finance, or related field required; CPA or CPA-eligible strongly preferred

• 5+ years of progressive accounting experience within mortgage lending or financial services; Non-QM experience preferred

• Experience managing or leading accounting staff strongly preferred

Technical Skills

• Advanced proficiency in Microsoft Excel, including complex formulas, pivot tables, and large-data analysis

• Strong proficiency in Microsoft PowerPoint, including development of clear and executive-ready reporting decks

• Strong understanding of loan accounting, warehouse lending operations, and treasury cash flow processes

Professional Competencies

• Strong analytical and problem-solving capabilities with meticulous attention to detail

• Ability to effectively lead and develop a team in a high-volume, deadline-driven environment

• Clear communicator capable of distilling complex financial information for cross-functional partners and executives

• Demonstrated ability to improve processes and strengthen operational controls

Hybrid or On-Site Work

• Full-time position; extended hours may be required during close cycles and audit periods

• Hybrid or on-site structure according to Deephaven policy

Privacy Policy

This organization participates in E-Verify

Our Perks

Flexible Time to Recharge – Personalized Time Off for What Matters (because rest isn't one-size fits all)

Future Finance Focused – Generous employer-matched 401(k) plan

Community Connect– Philanthropy Committee that creates charitable initiatives

Health from Day One – Comprehensive health insurance starting on day one of employment

Family Matters – Competitive maternity and paternity leave

Culture & Celebrations – Culture Committee with team-building events and celebrations

Ideas Welcome – Encouraging thought leadership and innovation

Guidance & Growth – Mentorship opportunities for career development

Perk Up – Exclusive discounts on travel, tech, pets, legal, and more