Technical Accounting Manager, Affirm
$124-190k
Salary is partially dependant on applicant’s location. Plus An employee stock purchase plan enabling you to buy shares of Affirm at a discount
More information about location
POS installment loans
Be an early applicant
POS installment loans
1001+ employees
Be an early applicant
$124-190k
Salary is partially dependant on applicant’s location. Plus An employee stock purchase plan enabling you to buy shares of Affirm at a discount
More information about location
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- Bachelor’s degree in accounting
- CPA required
- 7+ years’ work experience in accounting, including Big 4 accounting firm experience
- Subject matter expertise in US GAAP, IFRS and SEC rules and regulations
- A proven process for performing complex technical research and analysis from the problem definition to implementation stage
- Strong written and verbal communication skills
- A proven ability to manage deliverables and communicate timelines both upwards and cross-functionally, as well as educate key internal partners on what is needed and why
- Detail orientation, with a focus on process development
- Strong analytical and quantitative skills
- The desire to improve processes and make your own job easier over time, taking ownership of all aspects of your functional area
- Passion for Affirm and a strong interest in technology, money movement, BNPL, and consumer lending
- Proficient knowledge of MS Excel, Word and GSuite
What the job involves
- We're looking for a driven and intellectually curious individual to join our growing Technical Accounting team
- The Technical Accounting Manager is a key player who will partner with other Accounting and cross-functional teams to identify the accounting and business impacts of complex transactions
- Specific areas of focus include accounting for loans and receivables (ASC 310), fair value measurement and disclosures (ASC 820), financial instruments - credit losses (ASC 326), transfer and servicing (ASC 860), and consolidation (ASC 810)
- This position will report to the Technical Accounting Senior Manager
- Responsible for maintaining comprehensive accounting policies and performing ad hoc technical accounting analysis to identify accounting impacts, processes and procedures as we continue to grow and scale our business
- Stay up to date on relevant FASB, IASB, and SEC developments
- Research and evaluate new accounting standards and evaluate impact on accounting policies
- Work closely with Financial Reporting, General Ledger, and Internal Controls teams to support monthly and quarterly close processes, SOX controls, and financial reporting timelines
- Strategically partner with Credit, Quantitative Markets, Capital Markets, Legal, Treasury, and Strategic Finance teams by performing a real time review of new transactions or initiatives to identify accounting and financial impacts and help operationalize any associated processes
- Work with the Technical Accounting Senior Manager and Senior Director to establish timelines and prioritize monthly and quarterly deliverables, while proactively raising dependencies and issues to Accounting and other cross-functional partners
- Support SEC filings (10-K, 10-Q, 8-K and others) by drafting financial statement schedules (loan, debt, securitizations and variable interest entities, and fair value among others) and completing GAAP disclosure checklists
- Review corporate contracts for key accounting implications
- Function as a liaison for Controllership and act as a strategic partner to Credit, Product, and Finance teams by assisting in real time review and accounting impact assessment for changes in existing loan systems, models or processes and for initiatives related to new loan products and/or territories
- Actively promote learning culture through ongoing self initiated learning and knowledge sharing
Our take
Affirm offers point-of-sale loans to consumers, working with merchants like Shopify, KAYAK, and Walmart. Buy now, pay later transactions have grown in popularity in recent years, and this business is tapping into the market with a totally different approach to credit - by delivering the Affirm card, the first US debit card with the option to pay-over-time.
Boating over 15 million customers and 245,000+ merchants, the company offers flexible payback options, ranging from 3 to 36 months. The interest rates run between 0% and 30%, so, while they are not necessarily the cheapest option, Affirm prides itself on having no fees for late payments, no hidden charges, and total transparency about what people will pay before they take out a loan.
Affirm collects payments from the customers and pays the merchants directly, shouldering the risk itself. The company has boosted its market share, expanding its availability beyond the US to include most of Canada, and continues to launch new features and create new partnerships towards bettering its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
-11% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Sep 2020
$500m
SERIES G
Apr 2019
$300m
SERIES F
Total funding: $1.1bn
Company benefits
- Spending wallets
- Supportive communities
- Remote-first workforce
- Generous time off
- Health benefits
- Mental healthcare
- Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- We offer 24 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & development
Company values
- People Come First
- No Fine Print
- It's On Us
- Simpler is Better
- Push the Envelope
Company HQ
Chinatown, San Francisco, CA
Articles
Leadership
Max Levchin
(CEO)Has founded/co-founded numerous companies, holding various executive positions at each, including Paypal, Slide, Glow, HVF Labs, and SciFi VC. Also worked at large brands including Google, Yelp, Yahoo, and Evernote.
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