Fractional Senior Accountant, SaaS, JD Edwards

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November 20

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Escalon Services, Inc.

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Finance • HR Tech • Insurance

Escalon Services, LLC is a comprehensive business services provider offering a full spectrum of essential back-office operations such as accounting, bookkeeping, taxes, insurance, payroll, benefits, and recruiting. Serving over 5,000 clients, Escalon aims to be an integral part of growing businesses by taking care of their essential business services, thus allowing them to focus on growth and development. Escalon excels in optimizing financial operations, enhancing human resources functions, and managing business risks with their experienced team, tailored solutions, and strategic partnerships that foster trust and business efficiency. Escalon is recommended highly by its clients for its responsiveness, expertise, and ability to help businesses scale effectively.

1001 - 5000 employees

Founded 2006

💸 Finance

👥 HR Tech

💰 Private Equity Round on 2022-10

📋 Description

• ****What You’ll Do: ** • Execute complex month-end close activities, including preparing and reviewing journal entries, performing detailed account reconciliations, and ensuring the integrity of financial data. • Take full ownership of key technical accounting areas such as cash, investments, prepaid expenses, accrued expenses, fixed assets, intangible assets, and other complex areas, ensuring proper accounting treatment and reporting. • Analyze and document significant variances in financial statements, providing insightful explanations and recommendations to management. • Support with the preparation of monthly financial statements, ad hoc reports, and presentations for management • Identify and implement process improvements and automation to enhance efficiency and accuracy in financial reporting and accounting operations. • **Day-to-Day Responsibilities also include:** • Assist in the annual audit process with external auditors and regulatory compliance process • Assist in the creation of accounting policies, improved processes, and financial controls • Collaborate with FP&A for budget monitoring and ensure purchases align with the budget. • Participate in other ad hoc projects, system integrations, and reporting requirements as needed • Work closely with the team to ensure policies and procedures comply with professional standards, and audit and regulatory requirements • Support other team members across the organization based on their needs and your competence

🎯 Requirements

• **Must Haves:****** • **Must be proficient in JD Edwards** • Must have experience working within the SaaS industry • Bachelor’s Degree in Accounting (preferred) or Finance • 4+ years of progressive accounting experience • Proven expertise with Excel • Strong understanding of GAAP and/or IFRS, with the ability to apply accounting principles to complex transactions. Exposure to multinational financial reporting is a plus. • ****Nice to Haves:** • A foundation in a top-tier national public accounting firm with relevant industry experience. Experience auditing or working in a public company or high-growth startup environment is preferred.

🏖️ Benefits

• Escalon Services is a Business Process Management (BPM) company that provides Essential Business Services (EBS) through a tech-enabled platform to small- and medium-sized businesses (SMBs) and startups. The Company enables its clients to spend less time on "back office" functions and provides the value and insight that enables clients to spend more time focusing on delivering value and moving their businesses forward. With a US-based remote workforce and global delivery team in India, Escalon’s solution fills a widening service gap in the SMB market, underpinned by (i) increasing demand for quality insights in an increasingly competitive marketplace (ii) decreasing supply of CPAs and quality in-house talent and (iii) the cost frictions associated with scaling internal back-office teams as businesses grow. For more information on Escalon: https://escalon.services/ Since founding, the company has executed both on an organic and M&A strategy to expand service offerings and drive revenue expansion opportunity through cross-sell/up-sell. Before partnering with New Harbor Capital in late 2022, Escalon completed two significant acquisitions which tripled the revenue of the company and expanded the FinOps capabilities of the platform. Continued corporate development is a key value driver for the business going forward, with a highly fragmented market of service providers, often individually unable to scale due to lack of technology-enablement and offshore capabilities. In late 2022, New Harbor Capital made a growth equity investment in Escalon Services. ** About New Harbor Capital New Harbor Capital is an experienced, lower middle-market private equity firm that seeks to partner with growth-minded, founder-owned companies. Based out of Chicago, New Harbor Capital is committed to optimizing the growth potential of its portfolio companies while respecting their long-term visions. The firm was founded on the belief that mutual respect and collaboration lead to successful outcomes. New Harbor recognizes the importance of finding the right partner, and the firm is committed to helping its portfolio companies and their leadership maximize both personal and financial goals. ** As a strategic partner, New Harbor taps into decades of experience to guide businesses through challenging economic cycles and market conditions. New Harbor Capital has raised over $750M in capital across three funds and focuses on tech-enabled services, healthcare, and education services.