Ascent Developer Solutions is hiring: Accounting Manager in Los Angeles

About Ascent.

Ascent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. Founded by a leadership team with a deep understanding and personal experience in virtually every facet of real estate development, Ascent is uniquely positioned to create custom, innovative lending solutions for a variety of real estate development business strategies.

The Role.

The Accounting Manager is central to the management of Ascent's financial assets and liabilities, overseeing payroll, cash receipts, disbursements, and financial accounts. By maintaining a sharp focus on accuracy and regulatory and company policy alignment, this position plays a key role in supporting the organization's financial integrity and overall success as the industry's leading private lender.

The Work.

• Oversee daily corporate accounting operations, including accounts payable, accounts receivable / interest accruals, management of the general ledger, chart of accounts, manual accruals, etc.
• Develop and implement corporate accounting policies, reporting, and controls to enhance efficiency and maintain accurate financial records
• Prepare, review, and approve journal entries, financial statements, account reconciliations, balance sheet accounts, and other transactions during the month-end close process to uphold accuracy and data integrity
• Collaborate closely with internal departments to establish and maintain optimized accounting processes and controls
• Collaborate with Finance and Credit teams to produce monthly Financial & Portfolio Report packages that deliver insights on UPB, leverage, interest income, expenses, and loan-level P&L
• Manage daily loan-level accounting operations, including reviewing/recording loan originations, construction draws, servicer remittances, and managing debt facilities at the loan level
• Track and manage loan-level interest calculations, deferred origination fees, with preparation and oversight of direct loan costs (servicing costs, commissions, incentives)
• Support loan servicing by monitoring interest reserve payments, boarding details, and aiding in any needed validation on loan level reporting
• Ensure strict internal controls are consistently and continuously applied, including treasury best practices, segregation of duties around cash receipts and disbursements, and safeguarding the Company's assets
• Ensure accounting operations are in compliance with financial regulations and reporting requirements (specific to private money lending)
• Ensure seamless integration, connectivity, and workflows between accounting and reporting systems, including the Company's loan origination, construction draw management, and servicing systems
• Coordinate audits and examinations conducted by external auditors, regulators, and other stakeholders
• Collaborate with legal counsel for any regulatory compliance-related issues or inquiries
• Support the Controller with analysis of financial performance, trends, and budget variances to guide business decisions and highlight improvement areas.
• Onboard and supervise vendors, ensuring all required documentation and year-end 1099 reporting is complete and correct

Your Skills and Experience.

• Bachelor's degree in Accounting, Finance, or related field; CPA designation strongly preferred
• 5+ years of progressive experience in accounting and finance roles that include 3+ years in a leadership capacity
• Experience with Sage Intacct, Workday, Great Plains, Yardi.Strong technical expertise in financial reporting, GAAP principles, and internal controls
• Prior experience in the real estate or financial services industry is highly preferred, mortgage lending experience is strongly desired
• Proven track record of managing complex accounting operations, driving process improvements, and establishing workflow optimization through system automations
• Demonstrated ability to lead accounting platform migrations to a web-based, interconnected platform
• Excellent analytical, organizational, and communication skills with the ability to collaborate well with others in a fast-paced, entrepreneurial environment
• Advanced Excel skills and experience in ad hoc analysis and reporting
• Strong proficiency in and desire to work with modern technology tools
• Excellent leadership skills, including the ability to inspire and motivate team members to set and achieve impactful goals and objectives

This position is required to work on-site at Ascent's Encino offices.

The Pay.

• Base Salary: $100,000 - $120,000 per year
• Annual Bonus: 25%

Ascent's Benefits.

We offer a comprehensive benefits package designed to support your health, well-being, and work-life balance. Our benefits include five health plans, four dental plans, health savings and flexible spending accounts, vision coverage, 401k, pet insurance, and other optional benefits to choose from.

Ascent's Pledge.

We pledge to be fair and considerate in hiring and promoting individuals, ensuring everyone can contribute their fullest potential regardless of background, identity, or personal circumstances. By promoting equal opportunity, we not only enhance our workplace but also contribute to a more just and equitable society. At Ascent, we stand united in building a community where everyone is empowered to succeed. Thank you for joining us on our journey towards a more inclusive future.