Senior Accountant LP/AR

Senior Accountant LP/AR Wisconsin Women's Business Initiative Corporation (WWBIC) - 1.0 Milwaukee, WI Job Details Full-time $65,000 - $85,000 a year 23 hours ago Benefits Travel reimbursement 403(b) matching Health savings account Disability insurance On-site gym Dental insurance Paid time off Parental leave Vision insurance 403(b) Life insurance Retirement plan Paid sick time Qualifications VLOOKUP function Commercial loans Bachelor's degree Attention to detail GAAP Financial statement audits Accounting Accounting and finance experience Financial services Pivot tables Accounting Full Job Description Company Overview WWBIC is a dedicated nonprofit organization committed to empowering small business owners and entrepreneurs through high-quality financial education, access to fair capital, and comprehensive support. Since 1987, WWBIC has served over 76,923 individuals and loaned over $125 million to small business owners. WWBIC's technical and capital support has created or retained 15,734 jobs with 10,827 businesses served (verified in business). WWBIC has also provided $1.92 million in financial wellness and match savings assistance to Wisconsin residents since 1999. Job Overview We are seeking a motivated and detail-oriented Senior Accountant LP/AR is responsible for managing the financial tracking, servicing, and reporting of the loan portfolio. This role bridges front-line lending operations and back-office accounting, ensuring GAAP compliance, reconciling loan management systems, and tracking complex impact-investing metrics. This position also performs accounts receivable functions, including leading the preparation, review, and issuance of invoices to donors, partners, and other external stakeholders. The role determines appropriate timing, documentation, and billing treatment in accordance with organizational policies and funding requirements. Additionally, the Senior Accountant LP/AR independently assesses, records, and applies incoming payments to the appropriate accounts, resolves complex or unclear remittance information, and ensures accurate, timely reconciliation of payment activity.

Essential Job Functions:

• Record and process loan disbursements, principal/interest payments, and fees in the loan management and general ledger systems.
• Reconcile loan subsidiary ledgers against the general ledger on a monthly and quarterly basis.
• Assist the finance team in preparing reporting packages for Investors.
• Track, calculate, and report on debt covenants
• Calculate and maintain the Loan Loss Reserve and loan loss reserves estimates.
• Download daily deposit reports from the bank and prepare Excel-based cash receipt logs for checks and cash received directly by the office.
• Upload deposit data and supporting documentation into internal systems used for cash receipt tracking, project attribution, and downstream accounting.
• Accurately identify and attribute receipts to the correct fiscally sponsored project and funding source.
• Send deposit notifications to receiving projects through established internal systems or workflows.
• Research unidentified or unclear receipts by reviewing internal systems and external platforms. Ensure unidentified receipts are actively monitored, documented, and resolved on a timely basis.
• Proactively reach out to funders, platforms, or fiscally sponsored projects to obtain missing information and resolve attribution issues.
• Prepare weekly reconciliations between internal cash receipt records and bank activity to ensure completeness and accuracy.
• Prepare monthly reconciliations between loan processing software, bank deposit records, and the accounting system.
• Perform other monthly and quarterly GL account reconciliations as assigned, including deferred revenue, accrued interest and others.
• Apply judgment in supporting schedules, reconciliations, and documentation for monthly, quarterly, and annual close processes, including the preparation of materials for annual audits.
• Maintain accurate and organized financial files, including invoices, receipts, contribution agreements, grants documentation, and correspondence related to receivables.
• Research and document discrepancies and escalate unresolved or systemic issues to accounting management.

Supervisory Responsibilities:

This position typically does not have direct supervisory responsibilities but may provide financial guidance and training to program staff.

Preferred Qualifications:

• Minimum of three years of experience in an accounting position required, with specific exposure to loan portfolios, commercial lending, or financial services.
• Bachelor's degree in Accounting, Finance, or a related field

CDFI Knowledge:

Familiarity with mission-driven lending, impact investing, and external funder reporting is highly valued.

Technical Skills:

Advanced proficiency in Microsoft Excel (VLOOKUPs, pivot tables, financial modeling) and experience using specialized loan management software or fund accounting systems.

Analytical Mindset:

Strong ability to track detailed figures while translating the data into understandable narrative reports.

• Excellent written and verbal communication skills.
• Ability to manage multiple deadlines and work collaboratively in a mission-driven environment.

Pay:

$65,000.00 - $85,000.00 per year

Benefits:

403(b) 403(b) matching Dental insurance Disability insurance Health savings account Life insurance On-site gym Paid sick time Paid time off Parental leave Retirement plan Travel reimbursement Vision insurance Application Question(s): Reviewing the preferred qualification of this job. Please share if any , the qualifications and years of experience you have of each

Education:

Bachelor's (Required)

Experience:

Accounting:

3 years (Required) Ability to

Commute:

Milwaukee, WI 53212 (Required)

Work Location:

Hybrid remote in Milwaukee, WI 53212