Revenue Accountant, Lithic
$83-113k
Payment card issuing platform for developers
Open for applications
Payment card issuing platform for developers
101-200 employees
Open for applications
$83-113k
101-200 employees
Company mission
Lithic's mission is to build the best payments software to make paying online simply better.
Role
Who you are
- If you have a passion for the Order to Cash process and being the Finance go to resource for client billing and revenue recognition then your dream opportunity awaits!
- Strong communication and problem solving skills
- 3 years plus experience of managing a controlled order to cash billing process (FinTech experience preferred but not required)
- Advanced experience with financial ERP systems & Excel required
- Proficiency in accounting procedures and GAAP most notably ASC 606: Revenue Recognition
- Prior involvement in an independent financial statement audit
- Desire to succeed, adapt, and grow in a fast-paced, dynamic organization while staying ahead of deadlines and providing an accurate work-product
What the job involves
- Lithic is hiring a Revenue Accountant to help build a world-class accounting function within a quickly scaling Fintech
- Perform accounts receivable processes including entering daily invoices, bills, journal entries, collections, and monthly accruals
- Take lead on client communications as it pertains to billing and collections. Be able to respond promptly and professionally to all inquiries within 1 business day and close out all tickets within 5 business days
- Coordinate month-end and year-end closing activities to ensure timely reporting, as well as assist with variance analysis
- Reconcile accounts monthly to ensure accurate reporting and ledger maintenance
- Support internal and external audit requests
- Help to maintain and enforce company policies and procedures
- Evaluate workflow processes and procedures to develop, recommend, and implement procedural and system changes to increase accuracy and efficiencies
- Provide support for other ad hoc analyses and projects as needed
Our take
Lithic has developed a fast and simple card-issuing API that allows developers to create and monitor payment cards - physical and virtual - and the transactions that take place on them. Its expanding list of use cases includes on-demand services, vertical SaaS, and alternative lending, meaning its product spans a promising and exciting remit of growing sectors.
Lithic began as Privacy.com, helping customers keep their transactions private and secure through generating disposable, virtual payment card numbers. The significant uptake prompted a pivot of service to corporate customers and the card-issuing API (although Privacy.com continues as a subsidiary), and this savvy strategy has seen notable success as the appetite for fintech solutions continues to grow.
The company has raised impressive rounds of funding to continue developing its platform and its B2B direction. It will need this to keep its edge over larger competitors like Galileo and Marqueta - that is, to maintain its more modern infrastructure, and therefore its appealingly agile functionality for its early-stage startup customers.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Employee endorsements
Autonomy
""Autonomy" & "Trust" go hand-in-hand. What I've really enjoyed is how instead of having to "do your time", you step in from day one with the ability..."
Funding (last 2 of 7 rounds)
Jul 2021
$60m
SERIES C
May 2021
$43m
SERIES B
Total funding: $163.4m
Company benefits
- Health, vision, and dental insurance
- Flexible PTO
- 401(k) match
- Equity
- Remote-friendly
- 12 weeks of paid family leave
Company values
- Be a good neighbor
- Build a great neighborhood
- Ask why, learn why
- Empower others
- Think like an owner
- Do the thing
Company HQ
Lower Manhattan, New York, NY
Articles
Leadership
Bo Jiang
(CEO)Previous Research Assistant at MIT Media Lab and Engineer at Hatch Labs.
Jason Kruse
(CTO)Experience as a Software Development Intern at IBM and then became a Software Engineer at Expensify.
David Nichols
(Head of Design)Extensive experience in design, most recently working as a Designer for Rabbit & Hare and then Product Designer for Palantir Technologies.
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