Bank Controller, SoFi
$183.6-280.5k
This role is also eligible for a bonus, equity and competitive benefits.
Mobile & online personal finance services
Job no longer available
Mobile & online personal finance services
1001+ employees
Job no longer available
$183.6-280.5k
This role is also eligible for a bonus, equity and competitive benefits.
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- 10 plus years of related work experience in accounting and finance; bank specific accounting and regulatory experience highly preferred
- Bachelor's degree in Accounting and a CPA; Masters preferred
- Experience with bank regulatory examiners
- Demonstrated strong written and verbal communication skills, including the ability to present ideas clearly and concisely, and demonstrate confidence and competence in group meeting situations
- Well organized, detailed, analytical individual with the ability to multitask and prioritize conflicting demands
- Exceptional communication skills and team-oriented mindset
- Must be adaptable to change and able to proactively manage priorities and goals in a fast-paced, deadline driven environment
- The right person will have leadership experience in financial services, bring a strong point of view as a key member of the Controllership Leadership Team and contribute to our strategic vision and tactical execution to enhance the team's performance
- The Bank Controller will also have strong experience in scaling people, processes, and systems in a high growth environment while establishing best-in-class processes and practices
What the job involves
- SoFi is searching for a Bank Controller with financial services expertise to lead the Company’s bank accounting functions
- The Bank Controllership team at SoFi, is part of the SoFi Controllership organization and is responsible for overseeing the accounting, financial, and regulatory reporting related to SoFi Bank, NA
- This role will be a key leader carrying out Controllership’s strategy related to continued process improvement, scalability, and automation
- The team leads the month end close process for banking and broker dealer products and partners closely with finance, treasury, operations, engineering, compliance and other teams across the enterprise to monitor product and business performance
- The team prepares external financial reports for public filings and regulators in compliance with U.S. GAAP and regulatory requirements
- This role will report to the VP of Accounting and will work with a mix of team members and key business partners across the enterprise
- Lead all accounting and reporting activities at the Bank, partnering with Business leaders, Technology, and third-party providers to provide high-quality outcomes
- High-profile financial leader, leading key finance interactions with Bank leadership including President, CFO, committees and the Board, and external interactions including external auditors, regulators, and bank partners
- Ensures a framework and processes are established to meet relevant financial and regulatory requirements, including Sarbanes-Oxley (SOX), SEC and other relevant regulatory compliance, as needed
- Ensure that all reporting requirements are met; provides adequate structure and discipline around internal controls and closing process
- Lead and oversee all technical accounting analysis related to new products, deals and transactions, partnering closely with the Business in advising on terms in a highly dynamic, entrepreneurial business model
- Elevate controllership standards through digital transformation & automation, making process improvements including accelerating the close, and ensuring a strong control environment and financial integrity
- Proactively provide analysis/recommendations, monitor key performance indicators and conduct substantive, proactive analysis to raise emerging issues, threats, and opportunities to the leadership team
- Evaluate, recruit, and coach a world-class accounting team at all levels to support the business including providing employees career-broadening opportunities
- Coach and train the bank controllership organization on best-in-class accounting practices and processes
- Strategic partner with the Business to establish flexible and agile financial reporting processes to support new product launches and to identify and interpret business results
- Maintain a strong financial control environment including proper documentation with a focus on SOX and FDICIA controls
- Partner with cross functional teams and stakeholders (i.e., Corporate Finance and Strategy, Treasury, Capital Markets, Operations, and Technology)
Our take
SoFi started by offering ways for students to secure better financial terms on their loans, and now offers a huge range of personal finance products, including bank accounts, loans, mortgages, investment advice, and investment opportunities. Many customers find they have to go to multiple financial service providers to meet all their finance needs, but SoFi overcomes this issue by putting it all in one place.
Its goal, to cover all the financial bases, sets it apart from many of the traditional banks and even some of their digital competitors, such as Avant, which has chosen to focus on providing credit alternatives. Although it is operating in a competitive market with a lot of big players such as Monzo, Revolut, and Starling, the company has managed to raise huge amounts of funding to support its rapid expansion.
SoFi has focussed on global expansion, moving outside the US, and has made a series of acquisitions to support this - including a Hong Kong-based investment app called 8 Securities. After going public on the New York Stock Exchange via a SPAC merger in June 2021, the company has continued to evolve and release more mission-oriented services into its roster, and strengthened its lending capabilities through a $350 million post-IPO loan. To date, the company has sold over $15 billion in personal loan collateral and continues to strengthen its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
7% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Jan 2021
$369.9m
LATE VC
May 2019
$500m
GROWTH EQUITY VC
Total funding: $2.7bn
Company benefits
- Comprehensive health, vision, dental, life insurance, and disability benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs, up to $5,250 per year
- Monthly contribution up to $200 to help you pay off your student loans
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
- Flexible time off
- Fertility and family planning options
- Free financial classes
Company HQ
The East Cut, San Francisco, CA
Leadership
Anthony Noto
(CEO)Graduated from the U.S. Military Academy after being a telecommunications officer and captain in the U.S. Army. Has worked as Head of Gobal Telecommunications, Media and Technology at Goldman Sachs, been the COO of Twitter, and also the CFO of the National Football League.
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