Edward Reik

Experience

• 

  PwC

  Jul 1978 - Mar 1982

  Senior Staff Accountant

  Supervised audit engagements of publicly held and privately owned companies and nonprofit organizations.

• 

  JPMorgan Chase

  Mar 1982 - Dec 2012

  Financial manager responsible for minimizing the financial risks associated with delinquent residential mortgage loans serviced for investors or government agencies. Accomplishments include: - Developed the process to estimate losses related to loans in foreclosure and established monthly reserves. - Performed the economic analysis necessary to identify loans to be repurchased from securities in an effort to minimize interest losses. - Designed a monthly process to identify repurchased loans that were eligible for resale into new securities. - Established procedures to accurately accrue over $180 million in annual interest income on government insured loans repurchased from securities. - Developed a financial model to prepare the monthly forecast related to over $12 billion in balances associated with repurchased loans and the related interest income. - Identified the financial risks associated with VA loans that go to foreclosure and developed a reserve model to quantify these risks. Collaborated with the origination groups to insure that these unique risks were included in our loan origination pricing. - Assisted in the development of an application that allocates servicing related revenues and expenses, at a loan level, for all residential loans serviced by the company. Established a process to reconcile these allocated revenues and expenses to the corresponding amounts included in the general ledger. - Assisted in the conversion to a new servicing system and new general ledger. Show less Maintained the financial records of the company and prepared various monthly, quarterly and annual reports for both internal and external users. Responsibilities included: - Providing monthly reports to management comparing actual results to budget and prior year - Submission of monthly and quarterly financial data to parent company - Preparation of various state and local income tax returns - Completion of federal income tax schedules for parent company - Managing the accounts payable and payroll functions - Monitoring the daily cash needs of the company - Drafting the company's annual report - Primary contact for both internal and external auditors - Supervise a staff of 16 Show less

  • VP/Financial Analysis Manager

    Jul 1997 - Dec 2012

  • Controller - Chemical Mortgage Company/Chase Manhattan Mortgage Corporation

    Mar 1982 - Jul 1997
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  2Checkout

  Feb 2014 - Sept 2017

  Senior Accountant
• 

  Cristo Rey Columbus High School

  Sept 2017 - Jul 2023

  Accounting Manager