Product Accounting, Stripe
Physical Products
$132-198k
A financial infrastructure platform for businesses
Job no longer available
A financial infrastructure platform for businesses
1001+ employees
Job no longer available
$132-198k
1001+ employees
Company mission
To increase the GDP of the internet
Role
Who you are
- 7+ years of relevant public accounting and/or industry experience in revenue and inventory accounting
- B.A. or B.S degree in Accounting or Finance (CPA strongly preferred)
- Fluency in U.S. GAAP and ability to research complex accounting issues; experience with ASC 330 a plus
- Excellent communication and organizational skills, both written and verbal
- Strong knowledge of Excel and experience working with large data sets
- Demonstrated experience partnering with cross-functional stakeholders
- Experience with internal controls (design, implementation and execution)
- Demonstrated history of taking on various types of challenging projects and producing results
- Solution-oriented mindset with enthusiasm for establishing best practices
Desirable
- Knowledge of (or experience in) the technology or payments industry
- SQL experience
What the job involves
- The Product Accounting Team is responsible for supporting all products at Stripe, consulting on accounting implications and supporting teams' ability to make informed strategic decisions.
- We are responsible for the accurate and timely recording of all business-generated transactions on our balance sheet and income statement. We operate in a fast-paced environment and collaborate significantly with cross-functional and international teams
- As a member of the Product Accounting team, you will support the processing and reporting of our financial results of our physical products businesses, such as Terminal card readers.
- You will collaborate significantly with various stakeholders across finance, product, and engineering teams to understand and advise on accounting treatment of underlying business initiatives and transactions
- Participate in building scalable accounting processes to support global growth and new product launches
- Plan and review monthly and quarterly close activities, including journal entries, balance sheet reconciliations, variance analyses and analytical reviews, producing internal management reporting and external audit support
- Partner with Systems, Logistics, Treasury, Billing Operations, Tax and Legal teams to support internal financial systems process improvements and automation and to advise on accounting implications
- Design, implement and execute efficient internal control procedures
- Develop and maintain accounting policies and procedural documentation
Our take
Stripe, nowadays a FinTech giant, spent the first few years since its founding building up its payments business, which primarily consisted of providing an API to eCommerce businesses so that they could easily integrate a payments option in their apps or websites, where before there was none.
More recently, Stripe has started to accelerate its growth with a significantly larger range of financial services including cash advances and credit cards. They also plan to build incorporation services, fraud protection, and more, diversifying its revenue away from payments and differentiating itself from its competitors.
To further expand its position, the company is looking to triple its presence in Ireland, and extend its services to countries with vast customer potential, including Brazil and India. Its latest venture, coming atop significant new funds, is to partner with OpenAI, the company behind ChatGPT - a win-win collaboration that will monetize OpenAI’s flagship products and at the same time enhance Stripe with GPT-4, as it moves forwards with intentions to "build the payments foundation for tomorrow's AI economy."
Freddie
Company Specialist at Welcome to the Jungle
Insights
-5% employee growth in 12 months
Company
Funding (last 2 of 13 rounds)
Mar 2023
$6.5bn
GROWTH EQUITY VC
Mar 2021
$600m
SERIES H
Total funding: $8.7bn
Company benefits
- Unlimited paid time off policy
- Work from home opportunities
- Comprehensive mental, physical and medical health plans
- Fertility benefits and parental leave
Company HQ
SoMa, San Francisco, CA
Leadership
Patrick Collison
(Content Strategist)Studied maths at MIT before founding Stripe. Also on the board of the Long Now Foundation.
John Collison
(President)Studied at Harvard but dropped out to found Stripe.
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