Fund Accountant II in Austin, TX, Texas at Propel Financial Services

Position Summary

The Fund Accountant II is a key accounting role responsible for executing daily fund accounting operations, performing monthly financial close activities, and supporting internal and external financial reporting. This position acts as a liaison between the servicing company and the fund, ensuring clear communication and consistent data accuracy. The ideal candidate has extensive experience in lending and fund accounting within a dynamic, fast-paced environment and is comfortable managing evolving financial processes and compliance standards.

Key Responsibilities

Accounting & Reporting

• Prepare monthly financial statements for FGMS, including Income Statement, Balance Sheet, and Cash Flow.
• Perform monthly accruals of interest income, interest expense, fees, and premium amortization.
• Maintain and reconcile the CECL (Current Expected Credit Losses) file monthly.
• Perform monthly reconciliations of sub-ledger and third-party loan servicing data to the general ledger.

Cash & Transaction Management

• Monitor and manage daily cash balances and approve wires and ACH disbursements.
• Reconcile FGMS bank accounts and weekly deposit transfers from the servicer.
• Record corporate debt activity (borrowings, draws, interest).

REO Accounting

• Reconcile REO (Real Estate Owned) settlement statements and record associated income, costs, and expenses.
• Prepare and maintain monthly REO reconciliation files.

Audit & Compliance

• Lead third-party and lender audit processes and prepare audit deliverables.
• Ensure compliance with company policies, internal controls, GAAP, and regulatory requirements.

Collaboration & Supervision

• Communicate closely with the Director of Investor Relations and Fund Accountant I.
• May supervise junior accountants as assigned.

Qualifications

• Education: Bachelor’s degree in Accounting, Finance, or Business Administration.
• Experience: Minimum 5 years of accounting experience, preferably with a focus in fund accounting and lending.
• Technical Skills: Advanced Excel skills required; experience with NetSuite and/or Sage Intacct preferred.

Key Competencies

• Strong attention to detail and organizational skills.
• Ability to manage multiple deadlines and adapt to changing priorities.
• Clear and professional communication skills, both written and verbal.
• High level of integrity and commitment to accuracy.

Why Work with Us

• Competitive compensation and benefits package.
• Opportunity to support a growing and evolving financial services business.
• Collaborative and professional work environment.