Accounting Team Lead

About World Business Lenders

• At World Business Lenders (WBL), we provide 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.

Overview

• 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.

Key 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.

Typical Day-to-Day

A typical day or week in this role may include:

• 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.

Requirements

Role Requirements

• Education

• Graduation/Post-Graduation in Accounting
• Intermediate Chartered Accountancy (Inter-CA)

• Experience

• 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.

• Work Requirements

• 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.

Preferred Background / Industry Experience

• Banking
• Real Estate
• Service-based businesses located in the United States

Technical Skills

• US GAAP
• Sage 300
• LAPRO
• Advanced Excel
• Power BI
• Financial reporting
• Accounting ERP systems

Key Skills

• Clear and timely communication
• Accountability
• Leadership
• Teamwork

Tools and Systems

The role will regularly use:

• Sage 300
• LAPRO

Benefits

What We Offer

💰 Compensationin USD.

🏖️ Benefits include paid time off (PTO).

🌍 Work Environment: Fully remote work environment.

Ready to Apply?

If this sounds like you, we'd love to hear from you - submit your CV in English and hit Apply