Director of Corporate Accounting, Robinhood
$208-245k
+ Equity
Commission-free stock trading platform
Open for applications
Commission-free stock trading platform
1001+ employees
Open for applications
$208-245k
+ Equity
1001+ employees
Company mission
To democratize finance for all.
Role
Who you are
- We are looking for a well-rounded individual who has demonstrated the ability to build and lead teams and handle general ledger functions in a high-growth, dynamic, and fast-paced environment
- 12+ years of work experience with a bachelor’s degree or equivalent experience in accounting
- 4+ years of strategic leadership experience, with a track record of system automation and special project implementation
- Strong accounting and analytical skills, leading improvements in execution and projects in cross-functional and high-growth environments
- Experience with Oracle ERP, Oracle FCCS
- Proactive, excellent communication skills and ability to solve problems proactively
What the job involves
- The Corporate Accounting team at Robinhood is responsible for leading the month-end close process, ensuring the completeness and integrity of financial statements for all of our partners
- As the Director of Accounting, you will play a key leadership role in the Corporate Accounting team, and will be responsible for overseeing the monthly and quarterly close processes; timely and accurately preparing financial documents in accordance with US GAAP
- You will also be responsible for projects involving system implementations and automation projects that will help Robinhood scale as we grow
- Supervise multiple key corporate accounting functions including opex accrual, prepaids, payroll accounting, international accounting and intercompany transactions
- Own credit card, money and advisory product accounting to ensure accurate accounting treatment of product revenue and expenses
- Evaluate existing processes to find opportunities to optimize the process and decrease time to close
- Develop strong cross functional relationships within the organization and proactively take the lead to support changes within our fast growing business
- Ensure all key internal controls over operations and financial reporting are in place and operating in accordance with Sarbanes-Oxley rules and regulations
- Partner with external auditors to support a smooth audit process
- Lead and scale a high-performing team to support their growth and development
Our take
For years, traditional brokers ruled the share trading realm, charging hefty fees that locked out everyday investors. Robinhood emerged as a disruptor, offering commission-free trading and opening the door to a new generation. Its innovative model thrives on premium features like increased buying power and extended trading hours, attracting a younger audience drawn to meme stocks like AMC and GameStop.
But Robinhood's not just about quick thrills. The company claims its mission lies in catering to "the unmet needs of the next generation," evidenced by its "Robinhood Retirement" launch, targeting gig-economy workers often excluded from financial planning. This commitment to accessibility aligns with its core values.
However, 2023 brought unexpected turbulence, as Robinhood became entangled in the FTX cryptocurrency exchange bankruptcy scandal when it emerged that the US Department of Justice seized hundreds of millions of dollars of the company's shares tied to FTX founder Bankman-Fried. Despite these challenges, Robinhood successfully bought back the missing stock, and its impact on democratizing finance remains undeniable.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 13 rounds)
Feb 2021
$2.4bn
CONVERTIBLE
Jan 2021
$1bn
LATE VC
Total funding: $5.6bn
Company benefits
- Well-being - Premium medical, dental, and vision insurance
- Family & home life - Parental leave, personal prosperity benefits
- Comfort & care - Annual lifestyle stipend
- Office life - Catered meals and fully stocked kitchen, commuter benefits
- Growth - Education and training, community events, career mentorships
Company HQ
Downtown Menlo Park, Menlo Park, CA
Leadership
Vlad Tenev
(Co-Founder)Studied Mathematics at Stanford University, where they met their fellow co-founder. Dropped out of a PhD to start Robinhood.
Baiju B.
(Co-Founder)Studied Mathematics and Physics at Stanford University, where they met their fellow co-founder.
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