Junior Accountant

Who We Are:

Based in New Jersey and established in 2010, Asset Based Lending, LLC (“ABL”) is one of the nation’s leading 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. We have closed thousands of loans since we began lending fourteen years ago, producing nearly $3B in originations. ABL was acquired by a private equity firm in 2021, and with a renewed 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

The Junior Accountant provides essential accounting support across loan accounting operations, bank reconciliations, and month-end close processes. This role is responsible for maintaining accurate financial records, performing detailed reconciliations, investigating and resolving discrepancies, and supporting various accounting workstreams through timely completion of recurring tasks and ad-hoc projects. The position requires strong attention to detail, organizational skills, and the ability to manage multiple priorities in a fast-paced environment.

Key Responsibilities

• Perform daily and monthly bank reconciliations for operating accounts, warehouse facilities, and management company accounts
• Support loan portfolio accounting including DSCR portfolio maintenance, loan sales transaction processing, and asset schedule updates
• Prepare and maintain loan buyer schedules, asset listings, and portfolio documentation for investor reporting
• Process loan accounting transactions including write-offs, adjustments, reclassifications, and corrections
• Reconcile interest income to loan servicing systems and prepare interest accrual calculations and journal entries
• Investigate and resolve discrepancies in borrower advances, payment applications, and account balances
• Support loan servicing operations including borrower send-backs, due diligence coordination, and documentation requests
• Prepare journal entries for loan accounting transactions, interest accruals, and month-end adjustments
• Conduct detailed account reconciliations and variance analysis to identify and resolve discrepancies
• Research and resolve accounting issues requiring investigation across multiple systems and records
• Prepare audit documentation and support external audit requests with timely and accurate information
• Support accrual accounting processes through detailed analysis of timing differences and outstanding items
• Collaborate with servicing, operations, and treasury teams to resolve accounting and operational issues
• Maintain organized documentation and work papers to support accounting entries and reconciliations

Required Qualifications

Experience:

• 0-2 years of accounting, finance, or operational bookkeeping experience (internships, co-ops, or relevant work experience acceptable).
• Experience (or demonstrated ability) completing recurring, detail-oriented workflows on deadlines - such as reconciliations, transaction processing, and supporting month-end close activities.

Skills/Knowledge:

• Strong attention to detail and accuracy when working with financial data, reconciliations, and documentation.
• Working knowledge of basic accounting concepts (debits/credits, accruals, account reconciliations) and the ability to apply them to assigned tasks and defined processes.
• Ability to troubleshoot straightforward discrepancies - investigating across records/systems, documenting findings, and escalating roadblocks or risks when needed.
• Strong organization and time management skills - able to manage multiple priorities, make trade-offs (time vs. resources), and meet established deadlines in a fast-paced environment.
• Clear written and verbal communication skills - able to collaborate with cross-functional partners (servicing, operations, treasury) to resolve issues and obtain documentation.
• Comfortable working with periodic review - incorporates feedback, refines work product, and builds consistency and best practices over time.

Education/Certifications:

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

Preferred Qualifications

• Exposure to loan accounting, servicing workflows, or investor reporting support (through prior roles, internships, or coursework).
• Experience supporting audit requests by organizing support, maintaining work papers, and responding to documentation questions.
• Interest in process improvement - willingness to help document procedures and suggest small workflow enhancements.

Tools Systems

• Microsoft Excel (filters, formulas, basic pivot tables) and Microsoft 365 tools (Outlook, Teams, SharePoint) for documentation and collaboration.
• Accounting/ERP systems (e.g., NetSuite, Sage Intacct, QuickBooks, or similar) and the ability to learn new systems quickly.
• Banking portals and reconciliation tools used to complete daily/monthly bank reconciliations.
• Loan servicing and/or portfolio tracking tools (as applicable) used to reconcile interest income, borrower advances, and payment activity.