Toky Lofinmakin joined Ginnie Mae in September 2015 as the Controller, and in January 2018 began serving as the Acting Chief Financial Officer. She brings to the team more than eighteen years of accounting experience, with five years at a big-4 public accounting firm serving large consumer and commercial banks, federal clients, not-for-profit businesses, insurance firms, and other public firms reporting to the U.S. Securities and Exchange Commission (SEC).
In her current role, she oversees the preparation of financial reports in accordance with Federal Accounting Standards Advisory Board (FASAB), Financial Accounting Standards Board (FASB), Generally Accepted Accounting Principles (GAAP), and Office of Management and Budget (OMB) Circulars. In addition, she manages all accounting operations for Ginnie Mae’s $2.0 trillion portfolio of mortgage-backed securities (MBS) including: applying financial management policies and procedures, preparation of the annual budget, accounting systems oversight, cash management, investment services, audit readiness, and enhancing internal controls over financial reporting.
Prior to joining Ginnie Mae, Ms. Lofinmakin was a Senior Accounting Manager at Ampcus Inc., responsible for supporting Ginnie Mae’s Controller Division, where she accomplished the resolution of a HUD-consolidated level material weakness and the related Ginnie Mae agency-level significant deficiency from the FY2013, FY2014, and FY2015 Financial Statements Audit finding. In addition, she successfully led several initiatives to improve Ginnie Mae’s accounting structure, guaranteeing compliance with USSGL propriety-to-budgetary relationships.
Before her time at Ampcus Inc., Ms. Lofinmakin served as a Deputy Project Manager at Verdi Consulting, providing accounting and IT support services to the Department of Labor (DOL). She led a diverse team of professionals that were instrumental in the timely and accurate preparation of the agency’s financial statements. Ms. Lofinmakin also worked at Fannie Mae, where she prepared the Single Family monthly profit and loss statements in accordance with GAAP and SEC guidelines, and assessed accounting policies and procedures over unique mortgage business transactions.
Ms. Lofinmakin has served in a wide variety of industries and financial positions during her eighteen-year career and has moved on to positions of increasing responsibility. Much of her professional career has been in the mortgage lending industry and providing various accounting consulting services to the federal government.
Ms. Lofinmakin is a Certified Public Accountant. She has a Bachelor’s Degree in Accounting from Howard University, where she graduated Magna Cum Laude.