Senior Loan Accountant, Figure
Loan Accounting
$90-100k
+ 25% Annual bonus target, paid quarterly + Equity RSU stock package
Blockchain-powered digital lender
Be an early applicant
Blockchain-powered digital lender
201-500 employees
Be an early applicant
$90-100k
+ 25% Annual bonus target, paid quarterly + Equity RSU stock package
201-500 employees
Company mission
Figure's mission is to transform financial services through blockchain, bringing speed, efficiency and savings to both consumers and institutions.
Role
Who you are
- If you’re curious, eager to jump in, and passionate about learning, this is your chance to join an extraordinary journey at a rapidly growing startup, working alongside some of the brightest minds in Fintech!
- BA/BS in Accounting required
- 4-5+ years of relevant work experience in an Loan Accounting or similar industry accounting role. Tech startup experience helpful but not required
- Proficiency in Excel required; familiarity with SAGE, Netsuite, WorkDay, Expense Management solutions preferred
- Strong understanding of US GAAP
- Excellent time management, attention to detail, and ability to work independently with minimal supervision while meeting tight deadlines
- Strong analytical skills
- Flexible and adaptable, with the ability to prioritize tasks and thrive in a fast-paced startup environment
- Proactive approach to process improvement for operational efficiency
What the job involves
- Figure is seeking a driven and detail-focused Senior Accountant who is ready to make a powerful impact!
- In this role, you’ll maintain loan records, ensure accuracy of loan balances, reconciling general ledgers, and support financial audits
- Additionally, help with automations as well as play a key part in building and refining processes as we scale at lightning speed
- We’re a team of trailblazers transforming the financial services industry, and we’re looking for someone who takes ownership and pride in their work and thrives in a fast-paced, innovative environment
- Record journal entries related to loan activity and perform account reconciliations for a number of loan related accounts ensuring data accuracy, identifying discrepancies, and proposing solutions when needed
- Assist the Manager with workpaper and journal entry reviews and postings
- Evaluate loan accounting workflows to identify opportunities for automation, efficiency, and control enhancements
- Own the monthly close process for the loan portfolio, including balance sheet and P&L accounts
- Prepare and review loan schedules and supporting reconciliations for financial reporting, management analysis, and audit purposes
- Ensure appropriate cut-off, accrual, and amortization entries are posted in accordance with GAAP
- Assist with loan-level analytics to support valuation, impairments, or repurchase requirements
- Develop and update accounting policies and procedures to ensure GAAP compliance and strengthen internal controls
- Own areas of the external audits by preparing and reviewing necessary documentation and leading status updates on respective areas
- Collaborate regularly with cross-functional teams to identify areas for improvement and resolve issues
- Ensure compliance with internal accounting policies and control procedures
- Drive process improvement and design of automation solutions to further streamline real-time financial data for decision making
- Assist Accounting Manager with the accounting assessment and implementation for new loan products, programs, and structures, ensuring compliance with GAAP and proper system setup
Our take
Figure handles loans and mortgaging. They are disrupting manual compensation surveys and traditional industry software with their blockchain platform, Provenance, which works as a registry, ledger, and exchange.
The company has branched from offering student loans into many products such as mortgages, personal loans, blockchain-based private credit and private investment opportunities. In 2020, they started seeking a national bank charter to simplify their business and offer better security.
The company is focusing on building blockchain-backed solutions and now offers its customers the option to leverage their cryptocurrency assets to get loans or mortgages and is one of the only companies to do so. Figure is betting heavily on the success of the $1 trillion cryptocurrency market and blockchain industry, and laid off 20% of its staff in July 2023 in preparation for an IPO bid. This IPO is targeted specifically at Figure's lending division, which saw massive growth over 2022 and 2023.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-15% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
May 2021
$200m
SERIES D
Dec 2019
$103m
SERIES C
Total funding: $418m
Company benefits
- Continuing education stipend
- Paid parental leave
- Flexible paid time off
- Stock options
- Work from home opportunities
- Health insurance
Company HQ
Chinatown, San Francisco, CA
Leadership
Mike Cagney
(Executive Chair)After Master's at Stanford, Mike spent almost 6 years as Chairman of ReFlow Services and co-founding Social Finance in 2011. He used this experience to co-found Figure in January 2018, serving since as CEO.
June Ou
(President)Having studied at Stanford and founded CCO Solutions, June spent 5 years at Social Finance with Mike, rising to VP of Product Management. She left this position in October 2017 to co-found Figure the following January.
Share this job
View 16 more jobs at Figure