Accounting Team Lead

Job title: 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

Compensation in USD.

Benefits include paid time off (PTO).

Work Environment: Fully remote work environment.