ECMC Group is a nonprofit corporation focused on helping students succeed. Headquartered in Minneapolis, ECMC Group and its family of companies provide financial tools and services, as well as funding for innovative programs to help students achieve their academic and professional goals.
Job Summary
The Senior Accountant plays a pivotal role in managing the financial operations of our organization. This position is responsible for overseeing all aspects of daily finance, accounting, reporting, and planning functions within a complex multi-company financial services corporation. Operating with minimal supervision, the Senior Accountant proactively identifies solutions and ensures the delivery of timely and accurate information to corporate management and officers. The role primarily focuses on investments, including asset-backed securities, securitizations, and structured finance products across both non-profit and for-profit entities. The position requires a curious individual with strong problem-solving skills to navigate complex accounting issues.
Essential Duties and Responsibilities
* Maintains complex general ledger activity, which includes journal entries to adjust balances and the accurate and timely completion of general ledger account reconciliations.
* Prepares, analyzes, interprets, and provides explanations and/or recommendations to management.
* Provides and maintains documentation and commentary with respect to account variances, amortization schedules, key financial statement ratios and cash flows.
* Prepares annual audit reports, audit documentation, and audit procedures as well as quarterly consolidating statements.
* Performs month-end and year-end close processes, including reconciliations of investment accounts and securitization structures.
* Provides financial analysis and forecasting related to securitization and investment activities.
* Conducts thorough research and analysis on financial trends, market conditions, securitizations and investments, and regulatory changes to inform strategic decision-making and ensure compliance with accounting standards.
* Reviews accounting estimates, including allowance for doubtful accounts, and impairment of long-lived assets.
* Supports the development and creation of annual budgeting and forecasting.
* Collaborates with cross-functional teams to support financial planning and analysis activities.
* Responsible for the documentation, maintenance and improvement of departmental policies, desktop procedures, accounting memos and other guidelines.
* Assists with the coordination of department activity in audits conducted by external auditors, including but not limited to public accounting firms, the Department of Education Inspector General and General Accounting Office, and the IRS.
* Implements, strengthens, and reviews the internal control framework, processes, and documentation on a regular basis.
* Acts as a lead, directs others when needed, and manages conflicting priorities and multiple projects concurrently.
* Performs other duties and responsibilities as assigned.
Required Qualifications
* Bachelor's degree in the areas of Accounting or Finance
* 3+ years of analytical experience with automated accounting systems and spreadsheets or 2+ years public accounting experience
* Advanced knowledge of United States Generally Accepted Accounting Principles (GAAP)
Preferred Qualifications
* Public accounting experience
* Experience with structured finance products including asset-backed securities
* Experience with investments and/or securitizations
* Certified Public Accountant (CPA) license, or active pursuit of a CPA license
* Familiarity with Workday
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Salary range for this position is $85,000 - 115,000. Actual base salary may vary based upon, but not limited to, relevant experience, time in role, peer and market data, prior performance, business sector and geographic location.
ECMC Group is committed to ensuring our diverse, inclusive and equitable culture is built on a strong sense of belonging, where everyone feels seen, heard and encouraged to show up as their authentic self.
ECMC Group also provides a comprehensive benefits package:
* Health & wellness benefits: Medical, dental, and vision insurance plan options, with a generous employer subsidy. Company paid life & disability insurance, pre-tax flexible spending accounts and robust wellness programs.
* Financial benefits: Generous 401(k) plan with a company match up to 6% and additional discretionary contribution potential, holiday time off, paid time off accrual starting at 20 days/year and commuter subsidy.
* Education benefits: Tuition reimbursement up to $10,500/year for approved programs and student loan payment reimbursement up to $4,800/year. Up to $5,250 of qualifying education benefits can be reimbursed pre-tax.