Accounting Associate, Setpoint
$45-55k
Infrastructure for the future of asset-based lending
Be an early applicant
Infrastructure for the future of asset-based lending
101-200 employees
Be an early applicant
$45-55k
101-200 employees
Company mission
To build trust in our system of credit.
Role
Who you are
- We're looking for someone who enjoys digging into the details, takes pride in producing accurate work, and is comfortable owning high-volume transactional processes in a fast-paced environment
- A detail-oriented doer: You take pride in getting the numbers exactly right, every time
- A reliable finisher: You complete recurring processes on schedule
- An independent problem-solver: You can research a reconciling item back to its root cause without much hand-holding
- A scrappy team player: You thrive in early-stage environments with lots of moving parts, priorities, roles and responsibilities
- A clear communicator: You document your work so it holds up to audit and independent review
- A bachelor’s degree in Accounting, Finance, or a related field, or equivalent hands-on bookkeeping/accounting experience in lieu of a degree
- Experience reconciling cash or bank activity in an accounting system; prior exposure to NetSuite is a plus but not required
- Strong attention to detail and comfort with high-volume, transactional work
- Ability to research and resolve discrepancies independently, then document findings clearly
- Strong organizational skills and the ability to meet recurring monthly and quarterly deadlines
- Clear written communication, since your reconciliation support needs to hold up to a reviewer or auditor who wasn’t in the room
What the job involves
- This is an early-career accounting opportunity focused on cash reconciliations, ledger accuracy, and maintaining the integrity of Setpoint's accounting ERP (NetSuite)
- Reconcile cash across all accounts, matching bank activity to ledger activity in NetSuite, Setpoint’s accounting ERP
- Research and resolve reconciling items, including wires, capital calls, distributions, facility draws and paydowns, and fees
- Keep clean, well-documented reconciliation support suitable for audit and independent review, ensuring activity is coded to the correct entity, account, and period
- Prepare and post journal entries accurately and on schedule, with adequate supporting documentation, for review and approval by a manager or designated peer
- As capacity allows, support month-end close, manual schedules, and audit and tax requests
Our take
Whilst tech innovations have made applying for a loan far quicker and easier, the next step in the process - the management of the loan - is far more complex and still comparatively archaic in its organisation. Originators and lenders use spreadsheets, emails and FTP folders to manage their lending relationships, rendering the process inefficient and prone to errors. Setpoint automates the debt facility management process for lenders.
Founded in 2021, the company claims 98% time saving for lenders, automating data ingestions, calculations and reporting workflows whilst its AI engine computes optimal asset allocation to max ROI. Financial liquidity is increased through access to third-party reviews and certifications, compliantly accelerating capital access. In short, Setpoint streamlines the second, more oblique stage of the lending relationship.
Focused on the property market, Setpoint’s tech could be expanded to other markets. Its focus on real estate, however, has helped it achieve several impressive funding rounds and a 6x year-over-year revenue growth.
Freddie
Company Specialist at Welcome to the Jungle
Company
Funding (last 2 of 3 rounds)
Aug 2024
$31m
SERIES B
Dec 2022
$43m
SERIES A
Total funding: $79.5m
Company HQ
Congress Avenue Historic District, Austin, TX
Leadership
Stuart Wall
(Co-Founder & CEO)Previously Venture Partner at Bowery Capital, Founder & CEO at Signpost and was an Associate Consultant at Bain & Company.
Ben Rubenstein
(Co-Founder & President)Previously CRO at realtor.com, Co-Founder and CEO at opcity and was a Co-Founder at Yodle.
Michael Lam
(Co-Founder & Chief Investment Officer)Previously COO at realtor.com, was on the Policy Advisor Board at Joint Center for Housing Studies, CFO and Head of Analytics at Opcity, President and Co-Founder at Pendleton International Corp.
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