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Accounting Associate

at Kforce in Newark, Delaware, United States

Job Description

Kforce has a client that is seeking an Accounting Associate in Newark, DE.Summary:Wholesale Loan Middle Office is a part of Wholesale Lending Operations that primarily maintain and investigate trade related exceptions, such as open payable and receivable balances. Communicates frequently with front office, documentation, and accounting and control teams as well as external counterparties. The Accounting Associate will monitor general ledger activity regarding payments associated with trade settlement. The candidate will provide detailed commentary to management for aging items. They will also govern receivable items assigned to trading, investigate, and reassign as necessary.Key Responsibilities:

  • Accounting Associate will work with settlements teams, front office traders and sales coverage, clients, counsel, and operations to investigate settlement exceptions
  • Establish and maintain strong working relationships with clients/counterparty/team members
  • Identify and escalate issues to the front office trading assistants/traders/salespeople, in-house legal counsel, and management
  • Manage heavy trade portfolio across various lines of business while maintaining a clean aging profile; Review LSTA standard documents and other legal documents including trade confirms, assignment agreements, proceeds letters, participation agreements, cash collateral agreements, and multilateral agreements
  • As an Accounting Associate, you will review credit agreements, specifically assignability language
  • Prepare reporting to track the status of open items and measure risk
  • Other tasks as assigned
  • Bachelor’s degree or equivalent experience
  • Proficiency with Microsoft Office Suite (Excel, Word, and PowerPoint)

Interpersonal and Business Skills:

  • Excellent oral and written communication skills
  • Excellent analytical and critical thinking skills
  • Ability to work in a fast paced, high-pressure environment and prioritize workload efficiently
  • Ability to take initiative and self-motivate as well as work as part of a team
  • Ability to multi-task and prioritize workload
  • Strong attention to detail, problem solving, and decision-making skills

Preferred Skills:

  • Familiarity with loan-based software (LoanIQ, ClearPar)
  • Knowledge with LSTA standard documentation and of the LSTA Standard Terms and Conditions
  • Knowledge of the trade lifecycle and/or experience supporting a trading business
  • Familiarity with syndicated loans
  • Prior knowledge of loan products or trading operations
  • Basic accounting knowledge

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.

We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.

Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce’s sole discretion unless and until paid and may be modified in its discretion consistent with the law.

This job is not eligible for bonuses, incentives or commissions.

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.

Compensation Type:Hours*Minimum Compensation:26.00Maximum Compensation:*26.00

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Job Posting: JC256191849

Posted On: Mar 02, 2024

Updated On: Mar 17, 2024

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