Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. We are on a mission to acquire, build and grow great enterprise software businesses all over the world that have dominant positions in niche vertical markets. In recent years, Banyan was named the #1 fastest-growing private software company in the US on the Inc. 5000 and amongst the top 10 fastest-growing companies by the Deloitte Technology Fast 500. Founded in 2016 with a permanent capital base setup to preserve the legacy of founders, Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized vertical markets.
Job Profile:
This is an exciting and entrepreneurial opportunity to join a fast-paced software consolidator with a very significant growth trajectory. The Junior Financial Analyst will report to the Finance Manager or designate. This role will focus on partnering with operating and finance colleagues to support small high-quality software businesses owned by Banyan Software. The position is ideal for an individual that has the interest and aptitude to be in involved all aspects of finance operations, including revenue recognition, accounts payables and expenses, cash management, financial reporting, and analysis, as well as systems. This finance group also aims to play a “value added” role by leveraging financial and other data to drive shareholder value.
The role will be required to provide overlap support to our verticals, and will follow a time shift of 2:00pm - 10:00pm, Pakistan Standard Time.
Job Responsibilities:
- Record daily financial transactions and complete the posting process within ERP following standard operating procedures (SOPs).
- Execute monthly Accounts Receivable (AR) Invoicing in alignment with the billing schedule using ERP.
- Process cash receipts and apply them to corresponding invoices within ERP.
- Analyze various invoices for accounts payable, ensuring accurate coding, and post them into ERP.
- Complete the processing of invoice payments within ERP.
- Investigate and resolve errors encountered while posting Accounts Payable (AP) and AR transactions in ERP.
- Monthly reconciliation of AR/AP sub-ledger to the General Ledger.
- Ensure timely processing of vendor payments. Identify the potential need for Month-End accruals based on expectations of reoccurring
- Download bank transactions from the Online Banking Portal at least twice a week (on Mondays and Thursdays).
- Update all banking transactions in the cash book twice a week (on Mondays and Thursdays). Complete a weekly cash reconciliation (on Fridays).
- Post credit card charges from statements in accordance with SOPs. Ensure that appropriate backup is included for employee expenses.
- Manage day-to-day accounting activities in strict adherence to organizational policies and procedures.
Job Requirements:
- Minimum of 1-2 years of experience in a finance/accounting role
- College degree in business, accounting, or finance will be preferred.
- Accounting designation or working towards a designation preferred
- Solid working knowledge of accounting principles and practices
- Experience with Sage Intacct and/or QuickBooks is an asset.
- Excellent attention to detail and ability to manage multiple priorities.
- Highly motivated and energetic with interest in entrepreneurship, software, and finance
Diversity, Equity, Inclusion & Equal Employment Opportunity at Banyan: Banyan affirms that inequality is detrimental to our Global Teams, associates, our Operating Companies, and the communities we serve. As a collective, our goal is to impact lasting change through our actions. Together, we unite for equality and equity. Banyan is committed to equal employment opportunities regardless of any protected characteristic, including race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, or protected veteran status and will not discriminate against anyone on the basis of a disability. We support an inclusive workplace where associates excel based on personal merit, qualifications, experience, ability, and job performance.
Top Skills
What We Do
Banyan Software provides the best permanent home for successful enterprise software businesses, their employees, and customers to preserve the legacy of founders, while helping grow the business into the future.
We are on a mission to acquire, build and grow great software businesses that have dominant positions in niche markets all over the world. Today Banyan has over 750 employees throughout the US, Canada, UK, Europe, Australia and New Zealand. Founded in 2016 with permanent capital to preserve the legacy of founders, Banyan focuses on a buy, hold and grow for life strategy. For more information on Banyan Software, Inc. visit: http://www.banyansoftware.com
What We Look For:
- Great enterprise software businesses that have dominant positions in niche markets
- We work with owners who are thinking about an exit today or further down the road
- We are flexible and can be creative when we find a business that is a good fit
- The businesses in the Banyan family all share a similar profile:
- Annual revenues in excess of $2M-$30M
- A high percentage of recurring revenue
- Positive operating margins and cash flow
- High customer retention and satisfaction
- Happy and committed employees
