Accounting and Operations Associate

Job Summary

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
• Bachelor’s 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