Job Description
Assistant Accountant\n\nNewcastle, Gateshead\n\n£45,000 - £50,000\n\nOffice Based,\n\nMy Client is a dynamic and growing Lender dedicated to providing exceptional support to our clients and funders. We are seeking a motivated and detail-oriented Financial Operations Manager.\n\nFinancial Management:\n\n * Manage funder liquidity by maintaining accurate records of funding lines to facilitate the placement of loans nearing completion.\n\n * Oversee ‘Track 1’ Management, including:\n\n * Processing payments biannually, amending standing orders as necessary, and drafting contracts via DocuSign.\n\n * Generating and distributing personal statements for each funder, setting up payments, and managing funds that require return.\n\n * Ensure timely transfer of interest payments to the correct accounts and log all incoming interest.\n\n * Prepare monthly reports, including the Balance Sheet, ‘Track 1’, and profit sheet, for submission to the accountant.\n\n * Conduct bank reconciliations and provide weekly statement balance updates to the Managing Director every Friday.\n\n * Provide weekly cash flow reports to the Managing Director to ensure sufficient liquidity for upcoming payments.\n\n * Ensure accurate recording, filing, and reporting of all financial transactions.\n\nDocumentation & Compliance:\n\n * Collaborate with the Underwriter and Managing Director to prepare relevant documentation for funders for loan completion.\n\n * Maintain and update records for lenders/funders and assist with possession and default claims as required.\n\n * Address enquiries from assignees and funders promptly.\n\nPayments & Bookkeeping:\n\n * Process monthly payments for invoices, employee wages, and expenses, ensuring timely receipt of payslips.\n\n * Manage company credit card bills and log invoices into QuickBooks.\n\n * Maintain all investor spreadsheets, including Institutional, Track 1, and ‘Track 2’.\n\n * Reallocate funds when loans are redeemed, updating spreadsheets accordingly.\n\n * Ensure all lender spreadsheets via the HUB and OneDrive are accurate and up to date.\n\n * Communicate with ‘Track 2’ investors regarding updates on their investments at the end of each month.\n\n * Manage key funder emails, requesting updates on loans and extensions.\n\n * Coordinate Institutional funder audits and visits.\n\nAdministrative Support:\n\n * Assist colleagues with queries, booking hotels, and arranging office meetings.\n\n * Manage the office phone line, addressing multiple daily calls with various inquiries.\n\n * Facilitate the onboarding of new employees, including creating folders, accounts, and logins.\n\n * Ensure the office is adequately stocked with supplies.\n\n * Manage post office visits and handle incoming business correspondence.\n\n * Draft necessary documentation and support the wider team with ad-hoc requests.\n\nWhat We Offer:\n\nCompetitive salary.\n\nOpportunities for professional development and career advancement.\n\nA supportive and dynamic work environment.\n\nProven experience in financial operations, bookkeeping, or a related field.\n\nProficiency in accounting software, particularly QuickBooks.\n\nStrong attention to detail and organisational skills.\n\nExcellent communication abilities, both written and verbal.\n\nAbility to work collaboratively in a fast-paced environment