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Financial Accounting Associate

Financial Accounting Associate

Roc360Chennai, Republic Of India, IN
1 day ago
Job description

Who We Are

Roc360 is a financial services and asset management platform for residential property investors in

the United States. The company connects fragmented loan markets with institutional capital through a branchless network of third-party originators, brokers, and in-house sales teams to

originate loans to property investors who buy, rehab, resell, and / or rent properties. The company

originates and services multiple business-purpose loan products (“BPLs”), via various sales channels which, together with ancillary service offerings, provide an end-to-end experience that drives repeat customer transactions and profitability. The company’s loan products include residential transitional bridge loans (“RTLs”) (including single and multi-family properties) and Rental Loans (including single property rentals and rental portfolios).Founded in 2014, Roc360 is headquartered in NYC and has over 400 team members globally across three continents and five countries.Roc360 can originate loans in 45+ states and Washington, D.C. The company’s founders have worked together for over 20 years, and most of its senior management teams have also enjoyed a long tenure at the company. Through its proprietary technology-enabled Third-Party Originator and Direct-to-Borrower lending channels and strong brand recognition, the company has funded over $15bn in loans since its inception.

What We Do

Roc enables investors, brokers and lenders to scale their businesses through innovative products in the real estate space. We want to make it easy for everyone to renovate, own, or invest in homes. Our various business units along with the real estate value chain are geared towards fulfilling this objective.

  • Our core business unit Roc Capital is focused on capital lending for real estate investment
  • Finance of America Commercial is our direct to borrower sales channel
  • Tamarisk is our in-house AMC providing property appraisal services
  • Elmsure provides Insurance solutions for real estate investors

We have grown significantly since inception, and we have managed to do this with a

commitment to superior underwriting and risk management practices. Our India office is a

captive offshore unit based in Chennai and provides analytical and operational support to all our

business units globally.

What We Offer

We offer a dynamic and global workspace with ample opportunities to excel and grow in a variety of financial risk and analytical roles. You will be interacting extensively with senior management in India and across the globe. As a young and fast-growing organization, your career growth will be influenced solely by your performance and self-drive. We invest significantly in training people at all levels and actively work with them to plan their career growth. We are looking for young energetic professionals with excellent aptitude and attitude, and very good verbal and written communications skills.

Designation - Associate

Location - Chennai

Timing US Shift - 6.30 pm to 3.30 am IST, 9 am – 6pm EST

UK Shift - 12 pm-9pm IST

Key Responsibilities :

The role involves working with entity financials including monthly close processes, account reconciliation, Intercompany Eliminations and substantiation. The role demands a strong review and control background with the ability to assist in Accounting and Controls and work with the

Auditors. The ability to understand the system architecture and assist projects will be useful.

Other skills may include the following not necessarily limited to

  • Strong financial background including exposure to US GAAP or IFRS.
  • Post graduate degree in finance, Accounting, or a related field.
  • Excellent communication with ability to articulate and present clearly.
  • Prepare and present accurate and timely financial statements on a

    periodic basis (monthly / quarterly / annual)

    This includes balance sheets, income statements, cash flow statements, and other required reports, ensuring compliance with relevant accounting standards.

    Manage Financial Statements :

  • This involves maintaining accurate and organized ledger with proper documentation.
  • Perform periodic / monthly intercompany / bank statement / balance sheet and GL reconciliations and analysis.
  • Assist in discrepancies and respond to team / management requests.
  • Cater to ad hoc request on financial statements from clients and management.
  • collaborate with the reporting team to align the financial statements number.
  • Ensure compliance with accounting standards and regulations :

  • This includes understanding and applying accounting standards like IFRS (International Financial Reporting Standards) or GAAP (Generally Accepted Accounting Principles), as well as relevant local
  • regulations.

    Risk Management :

    Identify, assess, and mitigate financial risks :

  • This involves identifying potential risks to the company's financial stability, evaluating their likelihood and impact, and implementing strategies to mitigate them.
  • Report on financial risks :

  • This ensures that senior management is aware of potential risks and can make informed decisions.
  • Audit, Controls and Policies :

    Develop and maintain a robust system of internal controls :

  • This includes establishing policies and procedures to safeguard assets, prevent fraud, and ensure the accuracy of financial data.
  • Regularly assess the effectiveness of internal controls :

  • This involves evaluating the effectiveness of existing controls, identifying any weaknesses or gaps, and implementing corrective actions.
  • Develop and implement up-to-date financial policies and procedures :

  • Coordination with external auditors in support of audits and examinations.
  • Background / Experience :

  • 0-3 years of Financial Control / FP&A.
  • Qualified CA and / or CFA (US).
  • High proficiency in MS Excel.
  • Experience working with accounting software is a must.
  • Experience with Microsoft Dynamics (Business Central) ERP a plus.
  • Very strong English skills, both written and verbal.
  • Must have applicable accounting and financial reporting skills,
  • thorough understanding of General Ledger, Consolidations and

    financial statements, Balance Sheet, Income Statement, Cash Flow

    Statement and Partners Capital.

    Key requirements and expectations

  • To be able to contribute to the execution of organization plans to strategic requirements of the organization and be able to execute, Plan resources, manage process and deliver process improvements.
  • Coordinate / collaborate with other colleagues in Financial Control team to deliver valuable outcomes.
  • To support manager / VP on responsibilities and behaviors to deliver
  • strong outcomes.

  • To work and mitigate / remediate risks through assessment
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    Associate Accounting • Chennai, Republic Of India, IN

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