Fund Accountant, Setpoint
$75-90k
+ Stock options
2 days a week in office
Infrastructure for the future of asset-based lending
Job no longer available
Infrastructure for the future of asset-based lending
21-100 employees
Job no longer available
$75-90k
+ Stock options
2 days a week in office
21-100 employees
Company mission
To build trust in our system of credit.
Role
Who you are
- The ideal candidate is a highly organized individual looking for an exciting experience with countless opportunities to learn and grow their skill set
- A doer - you have a strong bias towards action and a 'get it done' mentality
- An independent problem-solver - you can understand what’s most important and independently build solutions
- A scrappy team player – you thrive in early-stage environments with lots of moving parts, priorities, roles and responsibilities
- A strategic thinker - you use data to drive business ideas, prioritization decisions, product ideas and technical designs
- A great communicator – you possess excellent written and verbal communication skills and attention to detail; you can communicate to customers and internal stakeholders with equal ease and effectiveness
- Minimum must have Bachelor’s degree in Accounting from a reputable university
- A Bachelor's degree in Accounting
- 2+ years of accounting experience, preferably in fund accounting or fund auditing
- Prior experience in private credit, traditional lending, fintech, or broader banking is ideal
- Strong attention to detail, organizational, analytical, and problem-solving skills
- Ability to prioritize appropriately and meet deadlines in a fast-paced environment
- Experience with NetSuite or Investran is preferred
- CPA is preferred
What the job involves
- This is an opportunity to have a big impact and partner with multiple functions across the organization
- They will collaborate with internal and external stakeholders and welcome the dynamic environment that comes with a fast-growing company
- This role reports directly to the Director of Fund Accounting
- Complete monthly and quarterly end-to-end accounting processes, including cash reconciliations, transaction recording, reviewing interest calculations, invoicing and fund-level reporting
- Coordinate with fund administrators, banking partners, auditors, and tax advisors to ensure accurate reporting and timely tax filings
- Partner with the Director of Fund Accounting to execute Setpoint’s month-end close process and prepare financial statements
- Collaborate with Setpoint’s Funding Operations team to ensure timely and accurate reporting across deals and entities
- Assist the Director of Fund Accounting in working with Setpoint’s Engineering and Product teams to design software features that streamline and improve funding and accounting workflows
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 organization. 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 automated 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
(CEO)Previously Venture Partner at Bowery Capital, Founder & CEO at Signpost and was an Associate Consultant at Bain & Company.
Ben Rubenstein
(President)Previously CRO at realtor.com, Co-Founder and CEO at opcity and was a Co-Founder at Yodle.
Michael Lam
(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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