Accounting Manager, Wattpad
Wattpad
CA$90-130k
More information about location
Platform for sharing original writing
Be an early applicant
Platform for sharing original writing
1001+ employees
Be an early applicant
CA$90-130k
More information about location
1001+ employees
Company mission
Wattpad's mission is to create a world where everyone's story can be heard, and anyone can belong.
Role
Who you are
- The ideal candidate for this role is someone who is detail oriented, who has exceptional analytical and problem-solving abilities, and who is able to work collaboratively within a team
- CPA designation with 5+ years of accounting experience and minimum of 2 years leading full cycle accounting experience at a small/mid-sized company
- A deep understanding of financial principles, reporting standards, and regulations like GAAP is crucial for accurate financial analysis and compliance
- The ability to analyze large datasets, interpret complex financial information, and provide strategic insights is essential for decision-making and forecasting
- Expertise in accounting software, databases, and ERP systems is required to manage financial data efficiently
- Strong proficiency in Excel
- Self-starter with ability to prioritize work and proven ability to think creatively and solve problems
- Ideally someone who has worked in multi-currency environments
- Comfortable with balancing the requirements of multiple stakeholder groups with competing priorities by leveraging varying expertise and availability of team members
- Experience in process orientation to allow for process/system improvements and effective review procedures of team’s work
What the job involves
- We are seeking an Manager, Accounting at Wattpad who is an integral member of our Finance team and who will be responsible for coordinating all accounting operations, managing financial data consolidation, and preparing financial statements
- Please note this is a 12-month fixed term employment contract position
- Contributing to a positive team dynamic with a high degree of accountability through effective and regular communication
- Coordinating all accounting operational functions
- Coordinating activities and compliance with external auditors, internal auditors and the tax team
- Providing management with information vital to the decision-making process
- Assessing current accounting operations, offering recommendations for improvement and implementing new processes
- Performing Month-end close procedures including review of account reconciliations, journal entries and intercompany entry eliminations
- Preparing accurate and comprehensive financial statements
- Managing the accumulation and consolidation of all financial data necessary for an accurate accounting of consolidated business results
- Transfer pricing, inter-company, tax compliant support (HST, etc)
- Review monthly cash flow reporting
- Coordinating activities and all communication with the bank and other treasury related contacts
Our take
Content is king and Wattpad has managed to create a platform that aggregates the most loved original writing content in the world, turning the traditional publishing industry on its head.
Where authors used to submit drafts to dozens of publishing houses in the hope of getting some eyeballs on their work, Wattpad opened up the process to millions of young authors by letting them easily submit their work, and fostering a community around their software that offers feedback and help.
The e-reading platform is now looking to double down on its strategy of taking its user-generated fiction and turning it into successful intellectual property upon which original series and movies can be based. However a significant challenge for Wattpad is in producing original, marketable content from its platform given the popularity of fanfiction, stories which are based on existing intellectual property.
Another challenge for Wattpad is the current economic conditions which have affected much of the tech sector and are not sparing digital publishing. Having shelved bold plans for the future it also laid off 15% of its workforce in March 2023. Having realigned for its current business needs however, it is now well placed to weather the current market downturn.
Freddie
Company Specialist at Welcome to the Jungle
Insights
3% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Jan 2018
$51m
LATE VC
Apr 2014
$46m
SERIES C
Total funding: $117.8m
Company benefits
- Full health benefits
- Career development & Mentorship opportunities
- RRSP matching
- Generous parental Leave top-up
- Flexible hours
- Regular hackathons
- Healthy snacks & drinks
- Your choice of hardware
- Monthly work-from-home allowance
- Beautiful offices in Toronto and Halifax
- Easy access to transit
Company HQ
St. Lawrence, Toronto, ON
Leadership
Allen lau
(CEO)Lau attended University of Toronto where he earned his bachelor's degree in electrical engineering followed by a master's in the same subject. Thereafter he briefly worked as a software engineer for Brightspark before founding his first notable company, Tira Wireless, a mobile development startup. He is also the co-founder of Two Small Fish Ventures, a fund that invests in Toronto and Waterloo-based early-stage internet companies with strong network effects.
Ivan Yuen
(CSO)Prior to Wattpad, Ivan co-founded FeedM8 and served as the company’s CTO. Before that he was one of the first employees of Tira Wireless, where he helped grow the technical team and developed new and emerging wireless technologies. Ivan graduated from the University of Waterloo with a degree in Computer Engineering and also earned an MBA from the Rotman School of Management.
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