Accounting Manager - Financial Reporting

Job Description

Job Description

Who We Are:

Based in New Jersey and established in 2010, Asset Based Lending, LLC (“ABL”) is one of the nation’s leading private hard money lenders. We provide fast bridge financing to real estate investors for the purchase, renovation, or new construction of single-family, multi-family, and mixed-use properties, as well as DSCR rental loans for long-term investors. All of our loans are business purpose loans made to entity borrowers and secured by non-owner-occupied residential real estate. We have closed thousands of loans across a nationwide footprint, producing more than $4B in originations. ABL was acquired by a private equity firm in 2021, and with a focus on growth, we’ve set our sights on consistent evolution and cementing our place as the premier private lender in the country.

Our Mission is Simple:

Make Good Loans

Provide Exceptional Service, Every Time

Protect The Firm

Build The Future

Position Summary

This role owns the month end close and financial reporting cycle, producing accurate, timely financial statements and establishing and maintaining the close calendar, timelines, and supporting policies and procedures. The role also drafts financial commentary, prepares commission schedules, reviews the general ledger for quality control, and owns compliance reporting and the external audit. The position requires advanced technical expertise, strong analytical judgment, and the ability to work independently while ensuring compliance with applicable accounting standards.

Key Responsibilities

• Lead the monthly close and financial statement preparation, ensuring accuracy and compliance with applicable accounting standards
• Create and maintain the month-end close calendar, timelines, and supporting policies and procedures
• Set month-end cutoffs with the Accounting Operations team and confirm that AR, AP, servicing, and payment activity is recorded completely and on time to meet close deadlines
• Perform balance sheet and income statement account reconciliations with variance analysis
• Perform quality control review of the general ledger and the Accounting Operations team's close deliverables, flagging exceptions for correction
• Prepare management reporting packages, including financial analysis, performance metrics, and preliminary commentary on results, variances, and trends
• Prepare commission schedules and perform ad hoc commission analysis across product types, including expense recognition, accruals, and cost and drag
• Manage revenue recognition, including accruals, deferred revenue analysis, and compliance with applicable revenue standards
• Execute intercompany accounting, including transaction recording, reconciliations, and elimination entries for consolidated reporting
• Prepare warehouse facility compliance reporting, including financial covenant calculations and required certifications
• Prepare state licensing and regulatory filings
• Own the external audit, including preparation, coordination of requests, responses to inquiries, and implementation of recommendations; partner with the Accounting Operations team to obtain operational documentation for their areas
• Research complex accounting matters and document conclusions
• Stay current on accounting standards, regulatory requirements, and industry practices affecting financial reporting

Required Qualifications

Experience

• 4+ years of progressive accounting experience, including ownership of the month-end close, financial statement preparation, reconciliations, and journal entries
• Experience preparing financial reporting packages and commentary for leadership review

Skills / Knowledge

• Strong working knowledge of GAAP (or applicable accounting standards) and internal control best practices, with the ability to identify risk, resolve routine to difficult issues, and escalate appropriately
• Advanced analytical and reconciliation skills, including variance analysis, root cause investigation, and clear documentation of conclusions
• Ability to prepare clear written financial commentary and explain accounting outcomes to non accounting stakeholders
• Proven ability to work with limited guidance in ambiguous situations, prioritizing and making trade offs across time, quality, and resources

Education / Certifications

• Bachelor's degree in Accounting, Finance, or a related field (or equivalent practical experience)

Preferred Qualifications

• Experience with financial reporting in a lending or financial services environment
• Prior experience owning or managing external audit relationships and implementing recommendations
• Experience building and maintaining close process documentation and timelines

Tools + Systems

• ERP/accounting system experience (e.g., NetSuite, Sage Intacct, QuickBooks, or similar)
• Advanced Microsoft Excel (pivot tables, lookups, complex reconciliations) and proficiency with Microsoft 365 tools
• Reporting and close tools supporting financial statement preparation, reconciliations, and consolidation