Senior Accounting Manager, Fundbox
$190-210k
+ Equity
More information about location
The pioneer of embedded working capital solutions for SMBs
Job no longer available
The pioneer of embedded working capital solutions for SMBs
101-200 employees
Job no longer available
$190-210k
+ Equity
More information about location
101-200 employees
Company mission
To unlock the potential of small businesses by giving them financial agility and peace of mind.
Role
Who you are
- 10+ years of accounting experience, preferably a mix of Big 4 and industry
- Experience with ASC 606 implementation
- Experience in FinTech is a plus
- Strong knowledge of US GAAP, particularly CECL
- Ability to manage multiple, high-priority projects
- Experience supporting multiple geographies and multiple products
- Experience with NetSuite, SQL, and/or Tableau is a plus
- Experience scaling processes in a high-growth or PE/VC-backed environment
- CPA or progress towards one
- Excited to work at a growing company with great people and a mission to help small businesses
- Great communication skills, both written and verbal
- Self-starter, collaborative, and adaptable individual
What the job involves
- We’re looking for a talented Senior Accounting Manager to join our exceptional team, help us continue our rapid growth, and create a better way forward for our customers
- In this position on our Finance team, you will have an opportunity to help develop and scale the Accounting function. As an early member of the Accounting team, this individual will build processes for accounting for high-impact areas such as loss provisioning and loans receivable
- Collaborate with cross-functional business partners to improve transparency, efficiency, processes and focus on controls
- Identify and drive projects to develop and enhance procedures for areas of ownership
- Monitor relevant GAAP developments to ensure accounting policies are compliant
- Partner with key business leaders to develop various processes and controls around data management, systems, and reporting requirements to ensure SOX 404 compliance
- Work closely with R&D to automate month-end and cash reconciliations
- Prepare journal entries, balance sheet reconciliations, supporting schedules, variance analysis, and monthly reporting for loan book, losses, & collections
- Support external audit and miscellaneous reporting requirements
Our take
Having a reliable cash flow is essential for any business. Compared to transfers between individuals, B2B payments have been relatively slow to digitize, with payments delayed for around two months on average for small and medium sized businesses.
Fundbox has created a platform that speeds up how money is exchanged between businesses. Currently, there is over $3T in the U.S. stuck in accounts receivable, meaning cash that is owed between small business buyers and sellers.
As it moves forward, payments are its focus. The payments industry has seen revenue steadily growing, reaching almost $2T globally in 2018. New entrants are tapping into more areas of the space, although Fundbox is competing with companies like Stripe and Kabbage, it believes there is a big enough opportunity in the business-to-business market for several companies to thrive.
The company's long term goal is to be the Visa of B2B payment and credit, offering short-term small-business loans and B2B sellers can get paid at the time of sale via Fundbox Pay. At present, over 500,000 SMBs use FundBox, and it partnered with SMB financial health platform Nav in 2024, using the latter's financial health analysis to create more certainty for SMBs in loan underwriting.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
36% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Nov 2021
$100m
SERIES D
May 2020
$20m
SERIES C
Total funding: $403.5m
Company benefits
- $500 Personal and professional development budget
- Generous PTO policy to include vacation, sick time and more
- $200 Monthly lunch budget
- Total wellness benefits, including individual annual budget, mental and physical health resources and more
- $350 Stipend to improve your home office setup
- Premium coverage for health plans offered from day one (some options covered at 100% for Employees)
- 401k, Life insurance and disability benefits
- HSA employer contributions
Company HQ
Plano, TX
Leadership
Prashant F.
(CEO)Initially joined Fundbox as COO in 2016, before becoming CEO in 2020. They are also a Lecturer at Stanford Graduate School of Business, Johnson Graduated School of Management at Cornell University, and the University of California, Berkeley, Haas School of Business.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job