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Clarus Capital is seeking an experienced and results-driven Accounting and Operations Associate to join our team. This dynamic role combines both Financial and Operational Accounting functions. The successful candidate will be an initiative-taker with a passion for accounting and finance and the desire to be a key member of a small but growing organization. They will have exhibited skills with an analytical mindset, a high attention to detail, strong organizational capabilities, and a proven history in accounting or finance, researching complex issues and maintaining the books and records in a fast-paced business environment.This position is an in-office, on-site, role located in our Boston, Massachusetts office.
Responsibilities
The Accounting and Operations Associate will be involved in the daily accounting and financial operations of the business:
Accounting and Reporting
- Support the monthly close process for hold-co and multi subsidiary organization
- Preparation of monthly, quarterly, and annual management financial reporting packages
- Assist with General Ledger management, journal entries, financial reporting, bank reconciliation, expense analysis and audit support
- Generate and review various month end reports for internal and external reporting needs
- Manage weekly accounts payable, invoice processing, and employee T&E expense reimbursement processes
- Assist with ad-hoc projects as needed
Accounting Systems Administration
- Responsible for managing the system of record in partnership with our subservicer
- Maintain strong working relationship with system of record vendor, relationship manager, technical support teams and others
- Generate and format monthly reports to support downstream internal financial models
- Produce and maintain the monthly investment portfolio report
Audit Support
- Prepare, organize, and deliver audit materials related to the investment portfolio, revenue recognition, and lease accounting (ASC 842) for external auditors
- Respond to auditor inquiries and coordinate with the Controller on documentation and tie-outs
- Maintain audit trails and supporting schedules for transaction costs, reserves, SPV accounting and more
- Partner with CFO and Controller on internal controls and ensure process documentation remain up to date
- Assist in building schedules and exhibits for footnotes to the financial statements
Treasury Operations
- Monitor and manage daily cash activity across multiple operating, collections, and restricted bank accounts
- Reconcile cash balances between bank account statements and general ledger
- Perform daily/weekly/monthly bank reconciliations
- Coordinate loan and lease funding processes, including wire verifications/call backs, ACH/wire processing, system inputs and generating confirmations
- Support SPV-related fund flows and collateral account monitoring
- Interface with banking partners and trustee agents to ensure timely, accurate disbursements and cash movements
Investment Fundings
- Partner with Investment Management and Investment Operations and Servicing teams to facilitate the closing of transactions and other events
- Populate closing forms with all relevant supporting reference data backed up with transaction/legal documents for review and signoff by deal team members; coordinate booking into the system of record
- Maintain a schedule of all monthly contract payments and regularly update for new portfolio activity
Qualifications
- CPA is a requirement for this role
- 3 to 5+ years of experience in the investment management business with strong knowledge of private credit, equipment finance, or leveraged finance, and partnership/corporate accounting and financial reporting
- Bachelors degree in Accounting or Finance
- Strong U.S. GAAP technical accounting expertise and exposure to complex corporate, partnership, tax and fund structures
- Excellent verbal communication and written skills, and interpersonal skills
- Extremely organized with strong analytical skills
- Proficiency in Excel spreadsheets and modeling
- Growth mindset and comfortable working in a lean workplace environment
- Exposure to financial systems such as Great Plains general ledger
- Adaptable team player with ability to thrive in a fast paced and dynamic environment
Seniority level
Seniority level
Mid-Senior level
Employment type
Employment type
Full-time
Job function
Job function
Management and Manufacturing
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