Accounting Associate Job at Renovo Financial in Chicago

Get AI-powered advice on this job and more exclusive features.

Job Description – Accounting Associate

Title

Accounting Associate

Team

Accounting

Reports To

Chief Accounting Officer

Location

Chicago, IL

Designation

Hybrid, 3 days / week on-site

Travel

N/A

FLSA Status

Exempt

Credit Check Required?

Yes

Who We Are

Renovo Financial is a dynamic and fast-growing private lender and mortgage servicer based in Chicago, dedicated to partnering with real estate investors who acquire and renovate single and multi-family residential properties. We take pride in delivering exceptional support to our clients, guiding them seamlessly from loan application to pay off with a commitment to unparalleled service. Our focus on reliability and a “win-win” approach has earned us an industry-leading repeat and referral rate, reflecting the strong relationships we build with our clients.

Position Summary

The Accounting Associate is a critical role within the Renovo organization, meaningfully contributing to both the financial and operational aspects of the business. The Accounting Associate supports the financial team through bookkeeping, reconciling, and month-end closing responsibilities. This includes recording cash activity daily into the general ledger software (Sage Intacct), which can require independent transaction research and collaboration with other departments. The Accounting Associate supports the operations team through preparing daily banking transmissions for approval, including for loan closings, construction draws, and accounts payable.

Responsibilities

• Accounting Policy and Compliance: Interpret and implement the company's accounting policy and standard practices. Verifying accounting balances for interdepartmental communication. Updating deferred revenue recognition based on borrower activity.
• Banking and Transaction Management: Recording bank activity in the general ledger according to company policy. Inputting banking templates and payments for approval.
• Accounts Payable and Expense Oversight: Processing weekly accounts payable run and advising the Controller and management of A/P trends. Contract, vendor, and expense monitoring.
• Month-End Close and Reporting: Taking ownership of critical workpapers associated with the month-end closing processes.
• Strategic Planning and Departmental Development: Assist the Controller and management in formulating long-term Accounting Department objectives.
• Project Leadership and Cross-Functional Support: Lead ad hoc projects and activities within the Accounting or Finance Department.
• Be the Culture: Bring Renovo’s values to life through actions, choices, and a commitment to a shared purpose.

What We Look For

• Degree in Accounting/Finance or 1-2 years of bookkeeping experience
• Moderate to advanced skills with Microsoft Excel
• Ability to work independently in comparing and analyzing possible decisions, and consider various possibilities
• High attention to detail
• Organized and able to consistently meet deadlines
• Effective communication skills, both written and spoken
• Willingness to adapt and change with a fast-growing company
• Experience with Sage Intacct or similar is a bonus

At Renovo, we’re building a team that reflects a wide range of backgrounds, perspectives, and skills because we believe diverse voices make us stronger. We’re proud to be an equal opportunity employer and welcome applicants of all identities and experiences.

Employment Details

Seniority level: Associate

Employment type: Full-time

Job function: Accounting/Auditing and Finance

Industries: Accounting, Banking, and Financial Services

Location: Chicago, IL