Staff Accountant – Merchant Cash Advance (Remote)

Our client provides comprehensive accounting and strategic financial services to startups. They help founders navigate the complexities of company building through all stages of the journey: raising capital, building business models, operationalizing for scale, and achieving successful exits.

They are seeking a Staff Accountant with 5+ years of accounting experience to join their team and support a portfolio of Merchant Cash Advance (MCA) funder clients. This position offers a flexible working environment.

Responsibilities

Month-End Close

• Own the monthly close for a group of MCA funder clients, from reconciliations through draft financials.
• Record and true up factor income, deferred revenue, and receivable-to-be-repaid (RTR) balances under each client's revenue recognition method.
• Calculate and book loss reserves, write-offs, recoveries, and settlement adjustments.
• Accrue and reconcile ISO and broker commissions, including clawbacks on early defaults.
• Account for syndication and participant activity, including allocations of collections, fees, and losses.
• Prepare clearly documented close workpapers that hold up under senior review.

Reconciliation

• Reconcile the servicing or CRM platform (e.g., LendSaaS, Cloudsquare, Centrex, or similar) to the general ledger every month, deal by deal where needed.
• Perform daily and monthly bank reconciliations across funding, collection, and operating accounts.
• Reconcile ACH remittances, payment processor settlements, and split-funded receipts to expected payment schedules.
• Track and resolve NSFs, returned ACH, bounced payments, and payment exceptions.
• Tie out renewals and refinances, including payoff of prior balances netted against new fundings.

Operations

• Support daily cash positioning and funding activity, confirming that disbursements match approved deal terms.
• Maintain portfolio tracking on performance, delinquency, defaults, and collections status.
• Prepare syndicator statements, investor reporting, and portfolio performance reports.
• Support borrowing base calculations and covenant tracking for clients with credit facilities.
• Identify process gaps in client operations and help document and improve workflows.
• Handle routine client communication directly, with senior team backup for anything complex.

Qualifications

• Required: At least 2 years of hands-on experience with Merchant Cash Advance accounting or operations, at a funder, servicer, syndicator, or an accounting firm serving MCA clients.
• 5+ years of total accounting experience.
• A working understanding of MCA mechanics: factor rates, holdbacks, RTR, daily and weekly remittances, renewals, stacking, and defaults.
• Proven experience running high-volume reconciliations between a servicing platform, bank activity, and the general ledger.
• Strong Excel skills, including pivot tables, lookup functions, and large-dataset reconciliation.
• Proficiency in QuickBooks Online; experience with MCA servicing software is a strong plus.
• A track record of owning your close deliverables, and the judgment to know when to escalate versus when to figure it out yourself.
• Professional, clear writing and the confidence to sit in on client calls.
• Working toward a CPA is a nice-to-have, not a dealbreaker.

What's in It for You

• Competitive base pay with a clear path toward more senior, client-facing responsibility.
• Exposure to a range of MCA funders, syndication structures, and credit facility work, not just one company's book.
• Guidance from a senior team that believes in documenting processes, not burning out employees.
• A flexible working environment with the ability to work remotely.

Best Headhunters is a team-oriented search firm that takes a hands-on approach to matching your experience with the right opportunity. There is never a fee to the candidate for our representation.

Interested in this role? Book a time with us using the scheduler on this page. We will talk through the position, share more about the client, and, if it is a fit, guide you through each step of the process, including career coaching.