Senior Director of Financial Reporting, Lyft
$236-295k
3 days a week in office
Ride sharing company
Job no longer available
Ride sharing company
1001+ employees
Job no longer available
$236-295k
3 days a week in office
1001+ employees
Company mission
To improve people’s lives with the world’s best transportation.
Role
Who you are
- Bachelor's degree in Accounting, Finance, or a related field; CPA required
- Minimum of 15 years of progressive experience in financial reporting, with at least 5-7 years in a leadership role
- Extensive experience with SEC reporting and technical accounting, preferably with "Big 4" public accounting firms
- Strong knowledge of GAAP and international accounting standards
- Proven track record in managing corporate consolidations and complex financial operations
- Excellent analytical, problem-solving, and communication skills
- Ability to thrive in a fast-paced, dynamic environment
- Strong leadership and team management skills
- Resourceful and forward-thinking, with a hands-on approach to solving ambiguous and unsolved problems
- Experienced in leading large cross-functional teams and directly managing small teams, fostering collaboration to drive impact
- Skilled in influencing and partnering with diverse stakeholders, including technical and business-minded leaders
- Passionate about educating, mentoring, and teaching partners the values and business impact of technical accounting
- Exceptionally detail-oriented with strong analytical, organizational, and communication skills
What the job involves
- We are seeking a highly experienced and dynamic Senior Director of Financial Reporting to join our finance team
- This pivotal role will oversee all aspects of financial reporting, including SEC reporting, technical accounting, corporate consolidations, GAAP financial reporting, and international accounting
- The ideal candidate will possess a deep understanding of financial regulations, exceptional leadership skills, and a proven track record in managing complex financial operations
- This role will report directly to the Chief Accounting Officer and will sit in Lyft's San Francisco headquarters on a weekly hybrid schedule
- Lead the preparation and filing of all SEC reports, including 10-K, 10-Q, and other required filings
- Ensure compliance with SEC regulations and timely submission of all reports
- Collaborate with legal and compliance teams to address any regulatory changes and their impact on financial reporting
- Provide technical accounting guidance on complex transactions and new accounting standards
- Stay current with changes in accounting standards and assess their impact on the company’s financial statements
- Develop and implement accounting policies and procedures to ensure compliance with GAAP and other regulatory requirements
- Oversee the consolidation of financial statements for the entire organization, including domestic and international subsidiaries
- Ensure accuracy and completeness of consolidated financial statements
- Manage intercompany transactions and eliminations
- Lead the preparation of GAAP-compliant financial statements
- Ensure the accuracy, completeness, and timeliness of financial reporting
- Coordinate with external auditors to facilitate the annual audit process
- Oversee the accounting and financial reporting for international operations
- Ensure compliance with local accounting standards and regulations
- Manage foreign currency transactions and translations
Our take
Lyft has aimed for consistent growth, making sure to pitch itself as a more reliable and friendly ride-sharing option than its main competitor, Uber. Uber has a greater market share and operates globally, but Lyft hopes to compete by its focus on ride-sharing over Uber's more diversified business approach and as a more rider-friendly and greener alternative to Uber.
Operating only in the USA and Canada, Lyft is in a position of being less affected by global events than Uber but also more vulnerable to local conditions. As an example, while it doesn't face the regulatory hurdles around employment rights that Uber does, it is unable to balance out the cost of the unusually expensive US auto insurance across its operations.
In 2022, Lyft acquired PBSC Urban Solutions, a bike-share equipment and technology supplier, allowing Lyft to compete in new verticals and reaffirming its commitment to green transportation. It has also trialed and launched Lyft Assisted, where drivers help passengers from their door into the car to get to medical appointments. These developments chime well with Lyft's unique selling point as a friendlier and more environmentally aware ride-sharing app.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 14 rounds)
Jun 2018
$600m
LATE VC
Mar 2018
$200m
LATE VC
Total funding: $4.9bn
Company benefits
- Great medical, dental, and vision insurance options
- Mental health benefits
- In addition to 12 observed holidays, salaried team members have unlimited paid time off, hourly team members have 15 days paid time off
- 401(k) plan to help save for your future
- 18 weeks of paid parental leave. Biological, adoptive, and foster parents are all eligible
- Pre-tax commuter benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
- Family building benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
Company HQ
China Basin, San Francisco, CA
Articles
Leadership
John Zimmer
(Co-Founder)Originally an Analyst at Lehman Brothers, Zimmer then founded Zimride which was a private ridesharing company that pivoted into Lyft.
Logan Green
(Co-Founder)Founded Zimride, a private ridesharing company which later pivoted into Lyft.
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