Financial Reporting Manager, Avant
$95-130k
+ Annual bonus
More information about location
3 days a week in office (Merchandise Mart, Chicago )
Personal credit FinTech
Open for applications
Personal credit FinTech
501-1000 employees
Open for applications
$95-130k
+ Annual bonus
More information about location
3 days a week in office (Merchandise Mart, Chicago )
501-1000 employees
Company mission
To empower every customer with innovative solutions designed to help them reach their goals.
Role
Who you are
- The ideal candidate for this role has six or more years of public accounting or applicable industry experience and an extensive knowledge of US GAAP, with excellent attention to detail
- This role requires a team player with strong analytical and problem-solving skills and an ability to multitask and prioritize
- 6+ years of experience in accounting, with significant portions in SEC Reporting and public accounting, preferably Big Four audit
- Bachelor or higher degree in accounting or finance; CPA required
- Extensive US GAAP and accounting skills with the ability to convert technical research and interpretation into practical, strategic solutions
- Familiarity with FinTech/lending industry preferred
- Experience or familiarity with NetSuite, WDesk, and other accounting efficiency software packages is preferred
- Strong analytical and problem-solving skills with attention to detail
- Effective written and verbal communication skills
- Demonstrates a proactive, hands-on style and the ability to prioritize and deliver results amidst a wide variety of critical initiatives
- Dependable, organized, motivated and trustworthy
What the job involves
- We are growing and looking to add a Financial Reporting Manager to our expanding Accounting and Financial Reporting team
- This person will report to the Controller and will own the preparation of the monthly and quarterly reporting package
- We will also look to this person to establish more controlled and automated processes through the utilization of financial reporting software, research and document accounting policies for new transactions and products, and support the completion of a timely annual year-end financial statement audit
- This person will partner closely with the operational accounting team as well as business owners across the company
- Review monthly financial statements for internal and external reporting
- Lead the preparation of quarterly and annual consolidated financial statements in compliance with GAAP and SEC requirements
- Manage and enhance the quarterly disclosure checklist process, ensuring full adherence to US GAAP and SEC regulations
- Partner closely with operational accounting team to facilitate the preparation of financial statements and disclosure schedules
- Assist in technical accounting research and maintain accounting policies on complex accounting issues such as current expected credit losses (CECL), troubled debt restructurings, fair value, leases, stock based compensation, revenue recognition, transfers and servicing of financial assets, variable interest entities, etc
- Stay informed of emerging accounting pronouncements and disclosure requirements, serving as a resource for the organization
- Assist in the interpretation and implementation of new accounting standards
- Oversee annual audit processes, acting as one of the primary liaisons with auditors
- Identify strategic opportunities and lead initiatives to streamline reporting processes and controls
- Continuously refine and enhance external reporting procedures and policies
- Assist in the formal build out and documentation of internal controls over financial reporting, including the identification and remediation of control gaps
Our take
Many Americans with below average credit scores are caught in a bind: they're unable to improve their score, and simultaneously cannot access traditional loans. Avant's alternative is to offer credit options that are powered by machine learning and based upon a large database that helps to manage risk.
For its users, the company offers a quick credit decision and speedy access to any allotted funds. It has issued over $8 billion in loans to date, and has also expanded its business through the acquisitions of ReadyForZero in 2015 and Zero Financial in 2021.
This expansion has enabled Avant to reach towards its goal of offering a whole suite of products in a single platform, such as loans, credit cards, and deposits. Although there are many FinTechs looking at ways to remove the barriers that people with low credit scores face when trying to take out loans, this expansion to banking products should help Avant to stand out.
Steph
Company Specialist at Welcome to the Jungle
Insights
-3% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Dec 2022
$125m
GROWTH EQUITY VC
Sep 2015
$325m
SERIES E
Total funding: $779m
Company benefits
- Choice of great medical, dental, and vision insurance plan options
- 401(k) Match
- Unlimited paid time off
- Flexible work environment
- Generous paid parental leave
- Lunch allowance (Fooda) and in-office snacks
- WFH stipends for our remote employees
- Access to LinkedIn Learning for professional development
- No meeting wednesdays - (a.k.a. planned time to Get Sh!t Done)
- Summer fridays
- Fun in-office and virtual social events
- (And who doesn’t love the swag)
Company HQ
River North, Chicago, IL
Leadership
Al Goldstein
(Co-Founder & Executive Chair)They worked for a year at Deutsche Bank before founding Pangea Properties in 2008, and Avant in 2013. They have been Chair since, alongside founding Amount, Spring Labs, and StoicLane.
Paul Zhang
(Co-Founder & CIO)Having studied at the University of Illinois, they spent a year as a Software Engineer at CashNetUSA and Enova Financial. They founded Debteye in 2011, before starting Avant in 2013, serving first as CTO then Chief Architect, CTO again and finally CIO.
Matthew Bochenek
(CEO)Has been with the business since 2013, working in a range of positions including Head of US Servicing, Head of Operations and COO - before becoming CEO in 2021. Previously spend a decade at Superfund Asset Management.
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