Senior Staff Accountant, Wealthfront
$120-141.5k
+ Equity and a discretionary bonus
Automated investment management
Be an early applicant
Automated investment management
201-500 employees
Be an early applicant
$120-141.5k
+ Equity and a discretionary bonus
201-500 employees
Company mission
To build a financial system that favors people, not institutions.
Role
Who you are
- 5-7 years of relevant experience
- BA/BS required in Finance or Accounting; CPA preferred
- Proficiency in Microsoft Suite, Google Suite, NetSuite, Bill.com, Expensify, Workiva is a plus
- In-depth knowledge of GAAP
- Experience with multiple subsidiaries, intercompany allocations/eliminations
- Unquestionable ethics
- Shown ability to communicate effectively at all levels of an organization
- Uncompromising attention to detail with the ability to communicate to the level of detail appropriate to the situation and audience
- Ability to problem-solve and actively address issues in a professional and effective manner
- Enthusiasm to apply technology to business processes
- Strong organizational skills and ability to set and meet deadlines in a high paced environment
- Self-starter who regularly takes initiative and can juggle multiple projects while simultaneously demonstrating creativity and judgment
- Takes pride in meeting deadlines and exceeding expectations on quality of output
- Customer-centric business philosophy and team-oriented mindset
What the job involves
- Wealthfront is seeking a Senior Staff Accountant to join the finance and accounting team in building scalable infrastructure to support a dynamic and high-growth business
- You will report to the Sr. Manager of Accounting, working closely as a partner to the corporate accounting and finance team and will be charged with identifying and executing opportunities to drive scale in the financial operations
- You will combine a commitment to the company mission with a passion to lead a solutions-oriented team that partners on critical operating decisions throughout the organization
- Work with accounting staff to facilitate monthly, quarterly, and annual close processes, ensuring timely and accurate financial reporting at both the subsidiary and consolidated levels
- Oversee the accounts payable function by reviewing vendor invoicing and monitoring payment cycles, ensuring accurate expense recognition and strong control practices
- Reconcile AP aging between Bill.com and NetSuite, prepare and analyze semi-monthly aging reports, and oversee payment disbursement (check, ACH, wire, etc.), ensuring timely and accurate vendor payments
- Prepare and review complex journal entries, perform bank, credit card and balance sheet reconciliations
- Work cross-functionally to update time allocation percentages for new hires and existing employees monthly
- Manage complex intercompany transactions, and allocate monthly direct expenses, overhead and compensation related expenses to appropriate subsidiaries based on established methodologies, ensuring accurate financial reporting across legal entities
- Maintain and reconcile intangible assets and prepaid expense schedules, ensuring accuracy of related general ledger accounts
- Drive continuous improvement initiatives to enhance the efficiency, automation, and control environment of corporate accounting and general ledger processes
- Support external audits by coordinating PBC requests, providing thorough analysis, and managing communications to ensure a smooth and timely audit process
- Prevent inaccuracies in and maintain reliability of financial documents by setting up internal control systems and embracing proper policies for financial reporting
- Collaborate with system vendors and cross-functional teams to optimize accounting systems, evaluate new tools, and support automation and scalability in advance of public-company requirements
Our take
Wealthfront's platform takes the hassle and stress out of investing, financial planning, borrowing, and saving with automated services and financial advice. Its robo-advisor allows customers to set a financial limit on their accounts, anything above the limit is moved into an investment account or another account chosen by the customer.
Indeed, it has some similarities to round-up apps like Acorn, which round up purchases and put the spare change into savings. There are other companies working on robo-advisors too, such as Morgan Stanley and Betterment.
Nonetheless, with an impressive and steadily increasing list of clients, and more than $50B of assets under its management, Wealthfront achieved Unicorn status in September 2022. Now it is diversifying its offerings, branching into high-interest checking accounts and investment advice and reportedly seeking a valuation of up to $2.05B in its upcoming IPO, a move that puts the company in a strong position for even more growth.
Steph
Company Specialist at Welcome to the Jungle
Insights
-4% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Jan 2018
$75m
SERIES E
Oct 2014
$64m
SERIES D
Total funding: $204.5m
Company benefits
- Lunch and snacks on the house: Enjoy lunches, snacks, coffee and stipends to go out to lunch with coworkers.
- More tools in your toolbox: Join one of our affinity groups, attend leadership trainings and receive 1:1 mentorship. We give team members a quarterly learning stipend so we can all continue to grow and improve.
- Commuting made easy: We’re a short walk from the Palo Alto Caltrain and all employees receive a Caltrain pass. Our co-working space in San Francisco is great for days when you need to work from the city. An additional transportation stipend and relocation bonuses make getting to the office a breeze.
- Prioritize Wellness: Stay happy and healthy however you choose with our monthly wellness reimbursement. You define what wellness means for you — a massage, running sneakers, or dance classes? It’s your call.
- Work/life balance (no, really): We have flexible working hours, a discretionary time off policy and offer 16 weeks of paid parental leave (both parents). We work hard, but we rejuvenate too.
- Your health matters: We provide comprehensive medical, dental and vision coverage for you and your family, including HSA contributions for high deductible plans.
Company HQ
University South, Palo Alto, CA
Leadership
Dan Carroll
(Founder & CSO)They studied Finance and Entrepreneurship at the University of Arizona before using this expertise to co-found Wealthfront in December 2008.
David Fortunato
(CEO)David has been at Wealthfront since 2009, joining the company as CTO. He then became the President in 2019 and CEO in 2021.
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