Cash Management Associate
NEWITY LLC•Chicago, IL
•Onsite
About The Position
As NEWITY continues to scale, we are seeking a detail-oriented Cash Management Specialist to support our growing operational and financial infrastructure. This role is critical to maintaining the accuracy and integrity of our cash operations, loan accounting, and investor reporting functions. The ideal candidate brings hands-on experience in accounting or banking environments and thrives in a fast-paced, high-growth setting.
Requirements
- 3–5 years of experience in accounting, banking, or a related financial operations role
- Strong working knowledge of GAAP with specific exposure to FASB guidance on fee and revenue recognition preferred
- Experience with bank reconciliations, general ledger management, and cash flow reporting
- Exceptional attention to detail, strong organizational skills, and ability to manage recurring deadlines independently
- Experience preparing or reviewing investor reporting and remittance reconciliations preferred
- Familiarity with SBA lending (7(a) program), loan servicing, or structured finance is a plus
- Experience with 1502 Reporting is a plus
- Proficient in Microsoft Excel and accounting/ERP platforms; QuickBooks experience is a plus.
- Bachelor’s degree in Accounting, Finance, or a related field required; CPA or progress toward CPA is a plus
Nice To Haves
- Familiarity with SBA lending (7(a) program), loan servicing, or structured finance is a plus
- Experience with 1502 Reporting is a plus
- QuickBooks experience is a plus
- CPA or progress toward CPA is a plus
Responsibilities
- Execute waterfall processing twice per month for each vendor, ensuring accurate distribution of cash flows in accordance with partnership agreements
- Perform bank account reconciliations across multiple accounts, investigating and resolving discrepancies on a timely basis
- Maintain general ledger accuracy with expertise in FASB fee accounting and revenue recognition standards applicable to loan origination and servicing
- Prepare and deliver investor reporting packages, including ongoing payment remittance reconciliations, ensuring completeness and accuracy
- Collaborate with Finance, Operations, and Loan Servicing teams to ensure cash positions and loan data are accurately reflected in financial systems
- Identify process improvement opportunities and contribute to the buildout of scalable cash management workflows as the portfolio grows
Benefits
- Salary: $65,000 – $85,000 per year + performance-based bonus
- Comprehensive health, dental, and vision insurance
- Retirement plan with company match
- Paid time off and holidays
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
Upload and Match Resume
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
