Technical Accounting & Financial Reporting Lead, Mercury
$140-183k
+Stock Options. Salary shown applicable to US based candidates only and varies depending on location. For candidates based in Canada, the salary is CAD 141,600 - 166,500
Banking services for startups
Open for applications
Banking services for startups
501-1000 employees
Open for applications
$140-183k
+Stock Options. Salary shown applicable to US based candidates only and varies depending on location. For candidates based in Canada, the salary is CAD 141,600 - 166,500
501-1000 employees
Company mission
To make scaling tech companies simpler with a personalized banking stack for startups, and power the next generation of companies that will shape the American industry.
Role
Who you are
- This role demands a proactive individual who can conduct independent research, provide technical accounting guidance, and collaborate with internal stakeholders to support business decisions
- 5+ years of accounting experience with an emphasis on technical accounting
- Bachelor’s degree in Accounting, Finance, or a related field. CPA or equivalent required
- Experience in a combination of audit and corporate experience in a financial statement reporting and technical accounting role
- Understanding of US GAAP accounting standards including but not limited to: ASC 350, ASC 606, ASC 718, ASC 805, ASC 820, ASC 842
- Strong analytical skills with the ability to research and prepare memos on complex accounting transactions
- Excellent communication and interpersonal skills, with the ability to effectively communicate complex accounting issues to a diverse stakeholders
- Proficiency with financial reporting software and ERP systems such as NetSuite
What the job involves
- We’re looking for a Technical Accounting and Financial Reporting Lead to join our finance team!
- As the Technical Accounting and Financial Reporting Lead, you will play a pivotal role in establishing and shaping the accounting policies and reporting standards at Mercury as we continue to scale
- Reporting directly to the Controller, you will be responsible for ensuring our financials comply with US GAAP and helping the company navigate complex financial transactions
- This role will also have a unique opportunity to provide feedback on the product as a user of the Mercury platform to improve accountants’ experience with the product
- Prepare quarterly financial statements and annual disclosures in accordance with US GAAP, including the statement of cash flows
- Prepare new or update existing accounting policy memos and review contracts for ASC 606 and other accounting implications
- Prepare technical accounting analyses for non-standard transactions including but not limited to acquisitions, equity award modifications, complex leases and new accounting pronouncements as well as internally developed software, intangible assets and other long-lived asset impairment, revenue recognition, leases, and foreign currency transactions
- Own the equity accounting and reporting process
- Monitor new FASB accounting pronouncements and assist in the implementation of new accounting standards
- Develop and maintain internal controls over financial reporting and technical accounting
- Provide product feedback on technical accounting considerations
- Assist with the audit and liaising directly with the external auditors
- Collaborate with internal teams across finance, product, and legal to address complex transactions and ensure proper accounting treatment
Our take
Frustrated by the archaic, fee-laden banking services offered to entrepreneurs, the founders of Mercury set out to create a better solution. They envisioned a platform that was dynamic, tech-driven, and free from unnecessary fees.
Mercury delivers on this vision by automating business payment processes, offering FDIC-insured accounts, and providing full API access, empowering entrepreneurs with greater control and efficiency. This approach stands in stark contrast to traditional startup banking, which often burdens young businesses with high fees and limited functionality.
By prioritizing user experience and offering a free service tier, Mercury has attracted over 100,000 businesses and achieved a $1B valuation in 2021. As a rising unicorn in the stagnant world of startup banking, mercury is poised for continued growth, constantly adding new features and expanding its team to further disrupt the industry.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
50% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Jul 2021
$120m
SERIES B
Sep 2019
$20m
SERIES A
Total funding: $150.9m
Company benefits
- Health, dental, & vision
- 12+ weeks of paid parental leave
- $600 USD custom WFH equipment setup
- Unlimited vacation policy (with a mandatory minimum)
- Retirement matching up to 4% of base salary (401k/RRSP)
- Paid 6-week sabbatical after the 5-year mark
- Annual $1K USD learning & development budget
- Unlimited book budget
- Weekly $100 USD food budget
- Monthly $100 USD wellness budget
- Monthly $50 USD cellphone reimbursement
- Pet-friendly offices with free tea & lunch
Company values
- Think actively: Question processes. Give thoughtful feedback. Find the best way to do something instead of going by how it’s always been done
- Be super helpful: Practice intentionality and accountability. Go above and beyond to solve problems, and do it as a team
- Act with humility: Treat everyone with respect. Leave egos at the door
- Appreciate quality: Work with the best equipment. Avoid cutting corners. Take pride in crafting a lasting product
- Maximize efficiency: Minimize unnecessary meetings and bureaucracy. Work together to get the job done right
- Focus on product: Ask yourself how the product can be better today than it was yesterday
Company HQ
SoMa, San Francisco, CA
Articles
Leadership
Jason Zhang
(COO)Studied Biology at Stanford before spending over 4 years at Heyzap in Business Development.
Immad Akhund
(CEO)Graduated from the University of Cambridge, then worked as a Software Developer at Aquila and Bloomberg. Also founded Clickpass and Heyzap, and was a Part-time Partner at Y Combinator.
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