Overview
Backflip is a venture-backed FinTech committed to becoming the leader in residential real estate investment financing. Our vision is to increase people’s love for their communities by investing in housing and improving the physical world. To do that, we need people who are inspired to modernize real estate investing by connecting entrepreneurs with sophisticated capital. Backflip’s capital product menu consists of fix and flip financing (RTL), single family rental loans (DSCR), and Ground-Up Construction.
Backflip is seeking a Senior Accountant, Investment Operations with investment management and loan-securitization experience to help us bring key accounting and fund administration functions in-house. This experienced accountant will play a critical role in designing and implementing institutional-grade accounting and close processes for our investment management entities and public securitization vehicles. This role will lead the insourcing and institutionalization of accounting functions currently performed with third-party support, including bookkeeping, close support, servicing support, investor reporting support, and entity-level reporting including securitization.
The Senior Accountant, Investment Operations will report to Backflip’s Head of Accounting and will work closely with internal Finance and Capital Markets teams and with various external partners (eg, fund administrators, auditors, tax preparers) to build repeatable processes and institutional controls while meeting critical deadlines for accurate, comprehensive investment management and securitization reporting.
What You’ll Do
Lead accounting workflows for investment management entities and related securitizations, including:
Day-to-day accounting activities (journal entries, accruals, allocations, etc)
Monthly and quarterly close activities
Tracking securitization cash flows, reserves, fees, and balances
Reconciliations between trustee/servicer reports, Backflip’s loan management system (LoanPro), and the GL
Prepare internal tracking and compliance schedules related to asset management and securitization activities, including equity and debt balances, interest expense, issuance costs, and covenant compliance
Plan and implement the insourcing of processes currently performed through a third-party fund administrator (entity bookkeeping, reconciliations, close support, reporting, and audit/tax support)
Oversee audit, tax, and stakeholder support, including coordinating with auditors, tax preparers, trustees, and administrators
Strengthen internal controls and accounting rigor as the platform scales
Draft and maintain high-quality accounting and reporting process documentation, including
Accounting policies, close checklists, and support schedules
Standardizing charts of accounts
SOPs, templates, and recurring schedules
This role is expected to evolve and grow over time to include responsibilities and opportunities beyond those listed here. We anticipate adding additional investment management and securitization vehicles as the company scales. This role will help to design, build, and operate the accounting and reporting functions essential to Backflip’s asset management and capital markets businesses.
Qualifications
Bachelor's degree in Accounting, Finance, or a related field
Active CPA preferred
[5+] years of accounting experience at a top-tier financial institution or accounting firm
At least [2+] years of experience with:
Loan/debt accounting
Fund accounting, SPVs, investment entities, or alternative asset managers
Securitizations and warehouse facilities
Cash waterfall concepts and trustee reporting
Demonstrated expertise in GAAP for loan portfolios, monthly close mechanics, and financial reporting
Familiarity with complex entity structures and capital markets strategies (warehouse lines, ABL, notes sales, securitizations, etc.)
Experience owning reconciliations and preparing support schedules with minimal oversight.
Advanced Excel/Google Sheets skills
Attention to detail, strong follow-through, and comfort meeting stringent deadlines
Advanced computer skills - demonstrated desire to learn new technologies (we use Slack + Google Workspace + HubSpot + QuickBooks Online + more)
Experience with LoanPro (or a similar loan management system) is a plus/required
This candidate will champion Backflip’s culture & Core Values:
Raise the Bar: We pursue operational excellence with focus, follow-through, and a persistent drive to get 1% better every day. We use technology to design best-in-class processes and systems. We invest our time wisely and take pride in our work. Great work compounds.
Act Like an Owner: We are proactive and act in the long-term interest of the company. When we see something that can be improved, we take initiative. We are accountable - we follow through on commitments, own outcomes, and take responsibility for both the work and the result.
Relationship Driven: We show up for our teammates and partners with respect, clarity, and candor. We build deep, mutually-beneficial relationships through thoughtful communication, elevated experiences, consistent reliability, and alignment of interests.
Stay Curious: We ask questions, seek context, and challenge assumptions in search of a better way. We value learning over knowing and progress over perfection. Curiosity drives how we test new ideas, learn from mistakes, and continuously improve as individuals and as a company.
Compensation for this role includes a base salary of $95,000 – $125,000 and total on-target earnings of $105,000 – $140,000 (based on experience and past performance). In addition, Backflip employees receive equity stock options, paid health care, and a 401K + company match, among other industry-leading benefits.
Backflip is an equal opportunity employer. We know that building a world-class organization is not possible without an intentional focus on recruiting, empowering, promoting and rewarding the best and brightest people of all backgrounds. Backflip focuses on hiring individuals that align with its Core Values (listed above), and consistently display a high ethical standard, both personally and professionally.
This role is not eligible for visa sponsorship.