1970 Group
Greenwich, CT (On-site)
About 1970 Group
1970 Group is a leading specialty risk financing firm, backed by Bain Capital Insurance, with deep expertise in structured financing, credit support, and risk management. We pioneered Insurance Collateral Funding (ICF) - an innovative liquidity management solution that enables companies to transfer insurance collateral requirements off their balance sheets, freeing up capital for growth, operations, and strategic initiatives.
Our solutions empower CFOs and finance teams in industries facing evolving collateral demands under loss-sensitive insurance programs (e.g., workers' compensation, general liability, commercial auto, and professional liability). By providing flexible, powerful alternatives to traditional letters of credit and bank facilities, we help clients unlock trapped liquidity and operate at their fullest potential.
Backed by Bain Capital Insurance since 2024, 1970 Group is experiencing rapid growth and is well-positioned to expand its impact across the United States and Canada.
Position Summary
We are seeking a detail-oriented Financial Analyst to join our Finance team. This is an entry-level position ideal for a recent graduate or early-career professional looking to build a strong foundation in accounting operations, treasury support, and financial reporting. The successful candidate will perform daily reconciliations, support the month-end close process, and help maintain the accuracy and integrity of the general ledger.
Key Responsibilities
• Bank Reconciliations: Perform daily and monthly reconciliations of bank and cash accounts, identifying and resolving discrepancies in a timely manner and escalating unusual items as needed.
• Journal Entries: Prepare and propose journal entries for management review, including standard recurring entries, accruals, reclassifications, and corrections, with appropriate supporting documentation.
• Treasury Support: Support the AP & AR process with incoming and outgoing wire transfers, match treasury activity to the general ledger, and ensure all cash movements are accurately recorded and properly coded.
• Reporting: Complete standardized reporting templates on a daily, weekly, and monthly basis, including cash position reports, variance schedules, and intercompany or account-level summaries.
• Month-End Close: Assist with month-end and quarter-end close activities, including preparing account analyses, balance sheet reconciliations, and supporting schedules.
• Documentation & Controls: Maintain organized records and workpapers in line with internal controls, accounting policies, and audit requirements.
• Ad Hoc Support: Support internal and external audit requests and assist with ad hoc analyses and special projects as assigned.
Required Qualifications
• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• 0–2 years of relevant experience (internships, co-ops, or relevant coursework considered).
• Solid understanding of basic accounting principles (GAAP/IFRS), debits and credits, and the general ledger.
• Proficiency in Microsoft Excel, including formulas, pivot tables, and lookups.
• Strong attention to detail and accuracy, with the ability to work with high volumes of data.
• Good organizational and time-management skills; able to prioritize and meet recurring deadlines.
• Clear written and verbal communication skills.
Preferred Qualifications
• Exposure to an ERP or accounting system (e.g., NetSuite).
• Familiarity with bank portals, treasury platforms, or wire transfer processes.
• Progress toward a CPA or MBA
Core Competencies
• Accuracy and ownership of work
• Curiosity and a willingness to ask questions
• Problem-solving and analytical thinking
• Collaboration with cross-functional teams
• Discretion in handling confidential financial information