Senior Accountant

The Role

You own the reconciliations, the journal entries and the first pass of the monthly close for a multi-entity financial services group. You report to the CFO, who reviews your work and signs the close.

Your work covers trust accounting, purchased portfolios under CECL (ASC 326), leases under ASC 842 and intercompany accounting. Support staff and automation share the routine posting with you. The role is in office full time.

The work follows a monthly close calendar, not an audit busy season. The close takes the first 10 business days of each month. Year-end close and the outside accountants' annual engagement add work from December through March.

About Us

We are a multi-entity financial services group in the south Denver metro. We service and collect consumer receivables for clients and for portfolios the group owns. We hold client funds in trust and remit them on a set schedule. We keep our books in NetSuite across multiple subsidiaries.

What You’ll Do

Close, General Ledger & Reconciliations

• Reconcile every operating bank account to NetSuite at month end.
• Prepare and post recurring journal entries: accruals, prepaids, depreciation, payroll, paid time off, leases under ASC 842 and cost allocations across entities.
• Issue intercompany invoices, post fee entries, and reconcile intercompany receivables to payables.
• Investigate and clear suspense and clearing account balances every month.
• Reconcile the remaining balance sheet accounts monthly, including receivables, fixed assets and debt balances.
• Build each entity's trial balance, financial statements and trend analysis for the CFO's consolidation and sign-off.

Trust Accounting & Client Remittances

• Reconcile the trust bank accounts to NetSuite daily, and clear reconciling items within 5 business days.
• Research and clear unidentified and unapplied receipts (checks, wires and ACH), and decide the account, client and entity for each.
• Review the daily card and ACH processor tie-out to the bank, and decide returns, chargebacks and positive pay exceptions.
• Reconcile each trust pool monthly, so the ending bank balance equals the net liability to clients.
• Run client remittances: build the remittance workbook, post the journal entry, invoice recoverable costs and issue the client statement.
• Prepare the transfers and entries that move remitted funds, under dual approval.

Purchased Portfolios & Specialized Accounting

• Roll forward purchased portfolios and reconcile portfolio buybacks to remittance data.
• Prepare the monthly CECL (ASC 326) data package and upload the journal entries by portfolio. The CFO owns the methodology.
• Tie gross collections to the collections platform and remittance reports by portfolio and reconcile servicing fee revenue.
• Capitalize advanced recovery costs monthly and reconcile the supporting details to the general ledger.

Reporting, Controls & Team Support

• Train support staff on posting procedures and review their routine posting before it reaches the close.
• Write and maintain the procedure for each recurring task you run, starting in your first month.
• Prepare year-end close work: cut-off, accrual completeness, final trial balances and the workpaper binder.
• Prepare the annual fixed asset roll-forward, unclaimed property report and 1099 filings.
• Assemble schedules and supporting detail for the outside accountants' annual engagement.

What You Bring

• A bachelor's degree in accounting or a related field.
• At least 4 years of accounting experience in industry or public accounting.
• At least 2 of those years owning month-end close work: accruals, reconciliations and journal entries that you prepared and took through review.
• Reconciliation and journal entry skills across multiple entities, from preparing them yourself.
• Excel: lookups, pivot tables and reconciliation workbooks that you build and tie out yourself.
• US GAAP knowledge that covers accruals, leases and cut-off.
• Workpapers that a reviewer can follow without asking you a question.

Preferred Experience and Systems:

• NetSuite experience in a multi-subsidiary environment.
• Trust, fiduciary, or client-funds accounting experience.
• Experience in financial services, receivables management, or specialty lending.
• Familiarity with ASC 326 (CECL), ASC 842, and intercompany accounting.
• Active CPA license, CPA exam progress, or public accounting/audit experience.
• Intercompany accounting in a multi-entity close.
• An active CPA license, or progress on the CPA Exam.
• Audit experience at a Big 4, national or strong regional firm.
• You will work in NetSuite, Excel, a collections platform, and a case management system.

Pay and Benefits?

• Pay: $90,000 to $100,000 per year. The role is salaried and exempt.
• The interview includes a short practical exercise: Drawn from the role's real work.
• Medical, Dental & Vision Insurance
• Life Insurance & Disability Coverage
• 401k Retirement Plan
• Paid Holidays
• Discretionary Time Off (DTO)

Equal Employment Opportunity Statement

LCS Financial Services Corporation is an Equal Employment Opportunity Employer. We provide equal employment opportunities to qualified applicants without regard to race, color, religion, sex, national origin, age, disability, genetic information, or any other status protected by applicable law.

The selection process may include a short practical accounting exercise based on responsibilities of the role.