Job Description

COMPANY OVERVIEW

Small businesses need, now more than ever, increased financial agility, control and protection to compete in today’s marketplace. At Idea Financial, we use our financing expertise, cutting edge technology, and commitment to superior customer service to develop and provide financial and insurance products that give businesses just that: control of their finances.

Our primary goal and motivation is to help our customers transform their business ideas into reality. As a result, we empower our customers to improve their cash flow, mitigate business risk, and invest with a low cost of capital. In other words, we help customers Charge Their Business Forward™.

ROLE OVERVIEW: JUNIOR FINANCIAL ANALYST

Idea Financial is hiring a Junior Financial Analyst to join the Finance Team. This role will report directly to our Director of Finance, Tamara Cavor and will be responsible for providing assistance to the finance department on all day-to-day duties described below.

THIS LIST OF DUTIES AND RESPONSIBILITIES IS NOT INTENDED TO BE ALL-INCLUSIVE AND MAY BE EXPANDED TO INCLUDE OTHER DUTIES OR RESPONSIBILITIES, AS NECESSARY.

RESPONSIBILITIES:

FP&A:

o Work with all business stakeholders to understand financial needs, support company leadership to develop financial forecast and operational goals, and apply financial insights to assist with decision making

o Assist in the various treasury operations related to servicing receivables

o Building a deep understanding of the relationship between loan transactions, cash flows, and financial reporting implications throughout the loan lifecycle, from loan origination through payoff or account closure

o Assist in collections efforts for all defaulted loans

• Loan Modifications

• Modification Tracking

• Assist in ACH preparation, return/ missed payments.

• Identify delinquent accounts, maintain records of the amount owed and the length of delinquency

o Participate in the preparation of the annual business plan

o Assist in the preparation of monthly and quarterly board presentations

ACCOUNTING:

o Participate in Internal & External Financial Audits

o Help identify operational gaps in processes and controls and design steps to improve or mitigate issues

OTHER:

o Other ad hoc projects and reporting as necessary

REQUIREMENTS

• 0-2 years of Experience

• Business Background preferred – Finance, Economics, Accounting, Business Administration

• Excellent computer skills with MS Office Including Word, Excel, and PowerPoint

• Effective oral and written communication skills

• Excellent interpersonal and organizational skills

• Able to multitask and perform under a high paced environment

IDEA FINANCIAL IS AN EQUAL OPPORTUNITY EMPLOYER. At Idea Financial, we make all employment decisions without regard to sex, sexual orientation, gender identity, race, color, religion, age, national origin, pregnancy, citizenship, disability, service in the uniform services, or any other classification protected by federal, state, or local law.

IDEA FINANCIAL CONDUCTS BACKGROUND CHECKS ON ALL EMPLOYEES AND CONDUCTS CREDIT CHECKS FOR ALL POSITIONS IN OPERATIONS

JOB STATUS: Full time

COMPETITIVE SALARY WITH FULL BENEFITS AND PERFORMANCE-BASED COMPENSATION.

Company Description

Company: We are a fin-tech company specializing in lending to help small and medium-sized businesses, using data, technology, and cutting-edge financial products to achieve our mission in transforming business financing. At Idea Financial, we provide business lines of credit and term loans that can help thousands of business owners grow their businesses. This is your opportunity to get in while we’re growing.