Finance & Accounting Manager, Credit Key
Flexible pay-over-time solutions for eCommerce merchants
Job no longer available
Flexible pay-over-time solutions for eCommerce merchants
21-100 employees
Job no longer available
21-100 employees
Company mission
To deliver a superior payment experience at B2B point-of-purchase..
Role
Who you are
- Top candidates are confident, analytical, and positive
- Bachelor's degree in accounting, business or finance. CPA required
- 5+ years related work experience
- Proficient with QuickBooks
- Proficient with Excel
- Outstanding knowledge and understanding of applicable laws and regulations
- Excellent verbal and written communication skills
- Ability to work as part of a team
What the job involves
- We are looking for a detail-oriented Accounting Manager to maintain and strengthen our company's internal accounting controls
- The Accounting Manager will ensure the quality of financial transactions and reporting, develop our financial well-being, and play a leading role in financial decision-making
- You will provide senior management with strategic financial input, and oversee the overall accounting processes
- You will ensure accuracy in all our financial activities
- To ensure success you need to give management sound advice and manage accounting activities with the aim of visibly reducing costs
- Reviews and analyzes reports and journal entries generated within the department. Identifies and explains period variances
- Manages and leads one staff accountant
- Recommends, designs, and implements ongoing improvements in accounting processes. Strives for continuous improvement, innovation, and cost reduction
- Responds to inquiries from borrowers/merchants, management, vendors, and others; answers questions, provides documents, explains procedures, resolves discrepancies and complex problems, and ensures resolution of all issues in an accurate and timely manner
- Daily cash settlement operations
- Overseeing accounting operations such as revenue reconciliation, loan origination reconciliation, accounts payable, accounts receivable, and general ledger entries
- Preparing timely financial statements
- Ensuring prompt and accurate month-end and year-end close processes
- Running payroll on a semi-monthly basis
- Coordinate the provision of information to external auditors for the annual audit
- Developing and forecasting budgets under the direction of CFO
- Determining the effect of potential business decisions on financial policy
- Collaborating as company representative with business partners
- Cooperating with business units and support functions across the company
- Ensuring compliance with company and statutory requirements
Our take
There are more than $9T in B2B payments processed in the U.S. each year, of which small to medium sized enterprises make up roughly $4.5T. Despite this, B2B eCommerce lags far behind B2C in technology advancement, despite being more than twice the market size. In particular, business trade credit is in dire need of modernisation.
Credit Key is a B2B financial services technology company that allows merchants to offer an instant "buy now, pay later" function that is seamlessly integrated at checkout. With a focus on improving customer experience at checkout, Credit Key exists alongside other payment methods but aims to usurp them via two key selling points: On the one hand, it allows buyers to access instant and transparent payment plans, delaying the costs they have to bear up front, and on the other, since Credit Key assumes the credit risk and any loan servicing, it is able to offer the merchant a risk-free transaction.
Credit Key has partnerships with the likes of Olam, optimise.health and HS Wholesale. With a key focus on growth at the moment, Credit Key will be pushing to increase its footprint in the B2B payments market as fast as possible.
This being said, there are some key developments surrounding the "buy now, pay later" model that Credit Key will want to keep a close eye on. In the UK, for example, growing concerns about the capacity of "buy now, pay later" schemes to create large amounts of individual debt have led to greater regulation of their usage in B2C transactions, and though this does not directly affect Credit Key's market, it may be a trend which could affect the company in future.
Freddie
Company Specialist at Welcome to the Jungle
Insights
27% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Oct 2022
$15m
EARLY VC
Nov 2020
$33.9m
SERIES A
Total funding: $51.4m
Company benefits
- 401(k) match
- Great healthcare benefits
- 100% remote, flexible work schedule and location
- Work from home stipend
Company HQ
La Brea, Los Angeles, CA
Leadership
John Tomich
(Co-Founder & CEO)John also co-founded Onestop Internet in 2004 and served as the company's CEO until July 2015. They are also the co-founder of LEKFIT.
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