Accounting Team Lead

World Business Lenders

8d•Remote

About The Position

World Business Lenders (WBL) provides flexible, short-term commercial loans backed by real estate to help small and medium-sized businesses across the United States, particularly those facing difficulties with traditional financing. This is a Contract/Consultant role with working hours typically from 9:00 AM–6:00 PM Eastern Time, Monday through Friday. Applicants should have an excellent command of the English language, both spoken and written. We request that you submit your CV in English. We are looking for an Accounting Team Lead to join our Finance team. The role will manage the accrual side of accounting for key operations of the company, including loan-related income and expenses, in accordance with US GAAP. The Accounting Team Lead will contribute significantly to the company’s monthly and yearly financial reporting. The role requires experience with accounting for companies operating under US GAAP. The Accounting Team Lead will lead a team of analysts, ensuring their work is accurate and completed on time to meet the 10-business-day closing deadline. The role will also be responsible for determining the appropriate accounting treatment for new transactions and events as they arise.

Requirements

Graduation/Post-Graduation in Accounting
Intermediate Chartered Accountancy (Inter-CA)
5–10 years of accounting experience
Strong knowledge and practical experience applying US GAAP.
Experience with financial reporting and accounting processes.
Experience leading or supervising accounting team members.
Must be available to work Monday–Friday, 9:00 AM–6:00 PM Eastern Time.
Must have a stable internet connection and professional remote working setup.
Resume/CV must be submitted in English.

Nice To Haves

Banking
Real Estate
Service-based businesses located in the United States
US GAAP
Sage 300
LAPRO
Advanced Excel
Power BI
Financial reporting
Accounting ERP systems

Responsibilities

Prepare FAS 91 working papers for deferred income and expense accounting.
Reconcile loan collections with bank activity and post the respective accounting entries.
Calculate asset resolution gains and losses.
Account for interest expense and interest income.
Account for prepaid expenses.
Account for loan suspense adjustments and loan-related income and expenses.
Prepare account reconciliations for balance sheet items.
Lead the team of 2 Accounting Analysts and ensure their work is accurate and completed on time.
Contribute to the company’s monthly and yearly financial reporting.
Determine the appropriate accounting treatment for new transactions and events as they arise.
Posting loan activity, including loan collections, debt payments, and interest payments.
Reviewing the work of analysts on a weekly basis.
Preparing weekly asset resolution gain/loss calculations and accounting for the related activity.