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Accounting Operations Associate Jobs in Massachusetts

Audax Group

Operations Associate, Private Debt

Boston, MA · On-site

$72K - $130K/yr

This role is responsible for various functions within the Private Debt Operations Team. This team ... Finance, Accounting, Economics, Business Management, or a related major * At least 5-8 years of ...

Audax Group

Operations Associate, Private Debt

Boston, MA · On-site

$72K - $130K/yr

This role is responsible for various functions within the Private Debt Operations Team. This team ... Finance, Accounting, Economics, Business Management, or a related major * At least 5-8 years of ...

Clinton Savings Bank

Accounting Associate

Clinton, MA · On-site

$20.31 - $27.75/hr

Full Time Accounting Associate. This is a hybrid position. Pay range: $20.31 - $27.75 hourly The ... Provide W9 information of new vendors to Operations to add to Core Annually prepare and remit the ...

Typhoon HIL, Inc.

Accounting Associate

Waltham, MA · On-site

$60 - $80/hr

Role Overview We are looking for a detail-oriented and motivated Junior Accountant to join our US ... As a member of the US Operations team, you will also support broader office and operational ...

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Accounting Operations Associate information

What does an accounting operations associate do?

An Accounting Operations Associate is responsible for supporting the day-to-day financial activities of an organization, such as processing invoices, reconciling accounts, preparing financial reports, and assisting with audits. They ensure that financial records are accurate and up-to-date, and play a key role in maintaining compliance with accounting policies and procedures. This role often involves working closely with other members of the finance team to support smooth and efficient business operations.

What are the key skills and qualifications needed to thrive as an accounting operations associate, and why are they important?

To excel as an Accounting Operations Associate, you need a solid understanding of accounting principles, financial reporting, and a relevant degree such as accounting or finance. Familiarity with accounting software like QuickBooks or SAP, along with proficiency in Excel, is typically required. Strong attention to detail, organizational skills, and the ability to communicate clearly help you stand out in this role. These skills and qualities are crucial for ensuring accurate financial records, meeting deadlines, and supporting the overall efficiency of accounting operations.

What are some common challenges faced by accounting operations associates, and how can they effectively manage them?

Accounting Operations Associates often encounter challenges such as managing tight deadlines during month-end closings, handling large volumes of transactions, and ensuring accuracy in data entry and reconciliation. Effectively managing these challenges requires strong organizational skills, attention to detail, and proficiency in accounting software. Collaborating closely with team members and proactively communicating any discrepancies or workload concerns can also help maintain smooth operations and prevent errors.

What is the difference between Accounting Operations Associate vs Accounts Payable Clerk?

AspectAccounting Operations AssociateAccounts Payable Clerk
CertificationsTypically requires basic accounting or finance certificationsOften requires similar certifications, such as AP or bookkeeping certifications
Work EnvironmentWorks in finance or accounting departments, handling multiple financial processesPrimarily in accounts payable, processing invoices and payments
Employer & Industry UsageUsed across various industries in finance teamsCommon in companies with large accounts payable functions
Search & Comparison IntentOften compared for broader financial operations rolesCompared when focusing on invoice processing and payment tasks

The main difference is that an Accounting Operations Associate handles a broader range of financial processes, including accounts receivable, reconciliation, and reporting, while an Accounts Payable Clerk focuses specifically on processing invoices and payments. Both roles require similar certifications and are found in similar work environments, but their scope and daily tasks differ.

Is an accounting operations associate a good job?

An accounting operations associate is a valuable role that involves managing financial transactions, reconciliations, and supporting accounting processes. It typically requires attention to detail, proficiency with accounting software, and understanding of financial regulations. The job can offer stable employment and opportunities for career growth in finance and accounting fields.

What is the lowest position in accounting operations associate?

The lowest position in accounting operations typically is an entry-level role such as Accounting Clerk or Accounts Payable/Receivable Clerk. These roles involve basic bookkeeping, data entry, and supporting senior staff, often requiring minimal prior experience and offering opportunities for advancement within the accounting department.

What are the most commonly searched types of Accounting Operations jobs in Massachusetts?

The most popular types of Accounting Operations jobs in Massachusetts are:

What are popular job titles related to Accounting Operations Associate jobs in Massachusetts?

For Accounting Operations Associate jobs in Massachusetts, the most frequently searched job titles are:

What job categories do people searching Accounting Operations Associate jobs in Massachusetts look for?

The top searched job categories for Accounting Operations Associate jobs in Massachusetts are:

What cities in Massachusetts are hiring for Accounting Operations Associate jobs?

Cities in Massachusetts with the most Accounting Operations Associate job openings:

Accounting Operations Associate jobs near you

Operations Associate, Private Debt

Boston, MA • On-site

Audax Group
Finance and Insurance • 201 - 500 employees
Learn more about Audax Groupexternal

$72K - $130K/yr

Full-time

Medical, Life, Retirement, PTO

Re-posted just now

Key responsibilities

  • Coordinate and execute trade closing processes, including review of allocations, legal documents, and flow of funds.

  • Work with Trustees, agent banks, and counterparties on trade settlements, discrepancies, and record keeping.

  • Assist with daily operational tasks such as fund onboarding, cash flow monitoring, and preparing reports related to debt facilities.

Job description

POSITION SUMMARY:

This role is responsible for various functions within the Private Debt Operations Team. This team member will work closely with the deal and Finance teams in coordinating and executing all aspects of the trade closing process through review of allocations, legal documents, and the flow of funds while executing wire transfers. The role entails working alongside and guiding relationships with Trustees, tracking cash and purchasing power, using a variety of systems to accurately reflect the business's holdings, and working on daily leverage facility needs while promoting an environment of compliance, efficiency, and accuracy.

The ideal candidate is a self-motivated and detail-oriented team player with strong technical skills able to effectively and concisely complete tasks in a timely manner.

RESPONSIBILITIES:

Loan Servicing:

  • Lead daily trade activity by contributing to the settlement of Primary and Secondary trades with counterparties utilizing WSO, ClearPar, and BlackMountain systems
  • Interact daily with Portfolio Managers and PD Fund Management Team for allocations and coordination of trade settlements
  • Work with senior members of the Operations Team on direct deal closings and transfer projects
  • Coordinate with agent banks on a regular basis - resolution of trade discrepancies, timing of trade closing, and KYC
  • Work closely with Trustee/Custodians on trade fundings and record keeping while assisting with daily inquiries across holdings
  • Record and verify Paydowns/Drawdowns, Interest rate resets, PIK interest calculations, and Delayed Comp accruals/calculations
  • Work with the TresVista team in the reconciliation and trade closing processes along with executing upcoming Revolver and Delayed Draw fundings
  • Contribute to BMS/WSO system accuracy and items for daily processing

General Operations:

  • Assist with new fund onboarding and opening new bank accounts
  • Coordinate with Operations, Finance, and Treasury teams on set up, release, and documentation of wires
  • Monitor, review, and seek resolution of compliance issues with deal team and compliance groups
  • Prepare daily and monthly reports across a variety of Asset Backed Lending, CLO Lite, Line of Credit, and Warehouse facilities for cash borrowing needs, repayments, and reporting requirements
  • Monitor cash flow analysis and assist deal team and Finance with capital calls, distributions, and equity contributions
  • Assist in developing, implementing and reviewing operational controls, policies, and procedures
  • Assist with the audit confirmation and AUP testing procedures

REQUIREMENTS/QUALIFICATIONS:

  • BS in Finance, Accounting, Economics, Business Management, or a related major
  • At least 5-8 years of professional experience, primary focus on debt products a plus
  • Working knowledge of WSO, ClearPar, and BlackMountain a plus
  • Advanced knowledge of Excel
  • Strong organizational skills with the ability to multitask and prioritize a time sensitive workload
  • Strong interpersonal and communication skills

Location: Boston, MA Hybrid

The base salary range for this position is $72,000 - $130,000. The base salary range represents the estimated low and high end for this position at the time of this posting. Consistent with applicable law, compensation may vary and will be determined based on but not limited to, the skills, qualifications, and experience of the applicant along with the requirements of the position, and Audax reserves the right to modify this pay range at any time. An employee may also be eligible for annual discretionary incentive compensation based on performance. 

Audax offers a wide range of employee benefits, including health insurance, life insurance, disability insurance, paid time off (including sick leave, parental leave, volunteer leave, and vacation), charitable donation match, family support services (including Bright Horizons and Benefit Advocate Center), and a 401(k) in addition to other benefits.

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