Controller

Frederick Fox; Norfolk (VA); On-site; USD 120,000 - 160,000; Full time

Job summary

Frederick Fox is seeking a senior accounting leader to oversee the accounting function, ensuring GAAP compliance and strong internal controls. You will guide a 4–5 member team, drive the monthly close process, and enhance financial reporting with a focus on complex transactions and ASC 350-40 software capitalization.

You will manage intercompany eliminations, debt and equity accounting, and treasury operations while coordinating with IT to optimize systems usage.

Qualifications

• 7+ years’ accounting experience with 3+ years’ month-end close experience.
• Strong GAAP knowledge and ability to apply guidance for distressed credit.
• Hands-on experience with multi-entity consolidation across HoldCo, SPV, and related parties.
• Experience with accounting for debt, equity, and complex financial instruments.
• Familiarity with internal controls, SOPs, and process documentation.

Responsibilities

• Oversee accounting function, policies, and internal controls with SOPs and audits.
• Drive monthly close process and lead a 4–5 person team to improve close and reporting cycles.
• Prepare and review complex journal entries and equity/debt activity.
• Manage consolidation across HoldCo, SPV, and related-party structures.
• Provide lender covenant reporting, cash forecasting, and treasury management oversight.
• Lead annual GAAP audit and coordinate with external auditors and lenders.

Skills

GAAP mastery

Team leadership

Month-end close

Internal controls

ERP experience

Consolidation expertise

AI in accounting

Education

CPA

Tools

Oracle NetSuite

Planning/SmartView

Essbase

NSPB

Job description

The role involves overseeing the accounting function, ensuring compliance with accounting standards, and leading a team to enhance financial reporting processes. The successful candidate will drive improvements in the monthly close process and maintain strong internal controls.

Responsibilities

• Establish and maintain strong accounting policies, effective internal controls, and documented standard operating procedures (SOPs) across the accounting function, including desk-level procedures, review and approval workflows, and version control, with regular audits to confirm the team is operating to the standard.
• Drive the monthly accounting close process, manage an accounting team of 4-5 individuals, and continuously improve the close and reporting cycles using existing systems to reduce manual effort and reliance on standalone spreadsheets.
• Prepare and review monthly journal entries, including stock compensation, equity and debt investment activity, asset purchases and fair value measurements, and other complex transactions.
• Own the accounting for purchased credit-deteriorated (PCD) receivable portfolios under ASC 310-30 / ASC 326, including pool-level yield accretion, amortization, cash flow re-forecasting, putbacks and repurchases, zero-basis recoveries, and impairment and allowance analysis.
• Manage multi-entity consolidation across HoldCo, SPV, and related-party structures, including intercompany eliminations, related-party allocations, and equity method or non-controlling interest treatment.
• Account for debt and equity instruments, including convertible notes, deferred financing costs and debt issuance cost amortization, warrants, member capital accounts, and distributions.
• Prepare credit agreement and lender covenant reporting, including borrowing base reporting, compliance certificates, covenant calculations, and responses to lender and investor information requests.
• Lead treasury management and optimization, including daily cash positioning, bank account administration, short-term and long-term cash forecasting, and debt draw and paydown planning.
• Establish and maintain a cost management program that holds budget owners accountable for their budgets and spend, including budget versus actual reporting by owner, vendor and contract spend oversight, purchase approval thresholds, and clear reporting on trends, exceptions, and variances requiring action.
• Maintain the general ledger and chart of accounts, including administration of Oracle NetSuite and Planning/SmartView, substitution variables, reporting hierarchies, and the period close lock process.
• Own the accounting for internally developed software and internal-use systems under ASC 350-40, including project-level cost tracking, determining which development costs qualify for capitalization, useful life and amortization decisions, and impairment review, working with IT and engineering leadership so accounting treatment stays aligned with the technology roadmap.
• Preparation and reporting of monthly, quarterly and annual financial statements including quarterly statements of cash flow.
• Lead the annual GAAP audit with external auditors and ensure timely completion; run point on annual field testing, lender and investor diligence, and other compliance-related reporting requests, including preparation of supporting schedules and coordination of responses across the organization.
• Ensure company remains current in applying existing and new accounting pronouncements and is in compliance with U.S. GAAP; prepare memos and technical memorandums for new pronouncements or transactions.
• Proactively work with operations and IT to identify trends and issues and resolve operational accounting and reporting issues.
• Advise and interact with CFO on technical and complex transactions.
• Performs other duties as required.

Qualifications

Required Skills

• Financial Services industry with specific exposure to consumer or commercial finance, loan servicing, and/or fintech.
• 7+ years’ accounting experience with 3+ years’ accounting month end close experience.
• Command of GAAP and ability to learn and apply specific guidance for the distressed credit industry.
• Hands-on experience with purchased credit-deteriorated receivables under ASC 310-30 / ASC 326, including yield accretion, amortization, putbacks, zero-basis recoveries, and impairment.
• Multi-entity consolidation experience across HoldCo, SPV, and related-party structures.
• Working knowledge of a major ERP paired with a planning and consolidation tool (SmartView, NSPB, Essbase), including substitution variables and a disciplined close lock process.
• Experience accounting for internally developed software and internal-use systems under ASC 350-40, including capitalization judgments, amortization, and partnering with technology teams on project cost tracking.
• Debt and equity accounting experience, including convertible instruments, deferred financing and issuance costs, and member capital.
• Credit agreement and lender covenant reporting experience, including serving as the primary point of contact for audits, field exams, and lender or investor diligence.
• Treasury management experience, including cash reporting, forecasting, and optimization.
• Experience running a cost management or budget accountability program, including partnering with non-finance budget owners on spend, variances, and corrective action.
• Deep technical understanding of accounting processes and internal controls, with a track record of building and enforcing SOPs and process documentation in a growing organization.
• Open-minded about new tools and technology, with a track record of improving manual accounting processes through better use of existing systems.
• Hands-on user of AI tools in day-to-day accounting work, with the judgment to know where AI adds real leverage and where human review has to stay in the loop.
• Proven ability to lead people: hiring, developing, talent management.
• Exceptional verbal and written communication skills.

Preferred Skills

• CPA.
• Experience with Oracle NetSuite and Planning/SmartView.
• Experience in debt buying, specialty finance, or distressed consumer credit.
• Experience at a private equity or credit facility backed company.
• Experience leading a systems implementation or accounting process redesign.
• Experience implementing AI or automation solutions that measurably reduced manual accounting work.