Cash Management Associate in Chicago, Illinois at United Operations

Experience Level: 3–5 years of experience in accounting or banking

Job Location: On-site (5 days in office)

About Us:

NEWITY is America’s source for small business capital, dedicated to providing access to affordable loan solutions. Achieving our vision requires more than ambition. It demands resilience, collaboration, accountability, professionalism, and a relentless drive to improve. Our culture moves fast, fosters excellence, and rewards those who lean in. It’s not for everyone, but if you’re energized by challenge, motivated by impact, and ready to grow alongside teammates who share your commitment, there’s no better place to build your career.

Job Summary:

As NEWITY continues to scale, we are seeking a detail-oriented Cash Management Specialist to support our growing operational and financial infrastructure. This role is critical to maintaining the accuracy and integrity of our cash operations, loan accounting, and investor reporting functions. The ideal candidate brings hands-on experience in accounting or banking environments and thrives in a fast-paced, high-growth setting.

Key Responsibilities:

• Execute waterfall processing twice per month for each vendor, ensuring accurate distribution of cash flows in accordance with partnership agreements
• Perform bank account reconciliations across multiple accounts, investigating and resolving discrepancies on a timely basis
• Maintain general ledger accuracy with expertise in FASB fee accounting and revenue recognition standards applicable to loan origination and servicing
• Prepare and deliver investor reporting packages, including ongoing payment remittance reconciliations, ensuring completeness and accuracy
• Collaborate with Finance, Operations, and Loan Servicing teams to ensure cash positions and loan data are accurately reflected in financial systems
• Identify process improvement opportunities and contribute to the buildout of scalable cash management workflows as the portfolio grows

Benefits:

• Salary: $65,000 – $85,000 per year + performance-based bonus
• Comprehensive health, dental, and vision insurance
• Retirement plan with company match
• Paid time off and holidays

• 3–5 years of experience in accounting, banking, or a related financial operations role
• Strong working knowledge of GAAP with specific exposure to FASB guidance on fee and revenue recognition preferred
• Experience with bank reconciliations, general ledger management, and cash flow reporting
• Exceptional attention to detail, strong organizational skills, and ability to manage recurring deadlines independently
• Experience preparing or reviewing investor reporting and remittance reconciliations preferred
• Familiarity with SBA lending (7(a) program), loan servicing, or structured finance is a plus
• Experience with 1502 Reporting is a plus
• Proficient in Microsoft Excel and accounting/ERP platforms;QuickBooks experience is a plus.
• Bachelor’s degree in Accounting, Finance, or a related field required; CPA or progress toward CPA is a plus