Senior Tax Accountant, Cross River
Assistant Vice President
$170-190k
Office located in Fort Lee, New Jersey
Banking and fintech services
Open for applications
Banking and fintech services
1001+ employees
Open for applications
$170-190k
Office located in Fort Lee, New Jersey
1001+ employees
Company mission
To enable clients to deliver responsible financial solutions that empower consumers anytime, everywhere.
Role
Who you are
- To succeed in this role, you should not only have a clear understanding of all current Federal and State tax Law and regulations affecting US Banks but also be ready to keep up with the rapid changes in all the rules
- Excellent time management skills are also essential, as you’ll have to ensure our company meets tight deadlines. Tax Accountant responsibilities also include organizing and maintaining records of tax payments
- 5+ years of tax related experience in a public accounting firm or accounting experience in a private company. Banking/Finance experience is a plus
- Familiarity with banking/tax accounting software packages
- BS degree in Accounting, Finance or relevant subject; industry certification (e.g. CMA or CPA) is preferred
What the job involves
- Cross River’s Accounting team handles the core accounting and tax responsibilities at Cross River, and as AVP, Senior Tax Accountant, you play a key role
- Ultimately, you should be able to recommend tax strategies that comply with laws and promote our company’s financial well-being
- The Accounting team cares about results, and we have fun doing it. If you like challenging problems, are analytical and a great team player. We want to hear from you!
- Maintain/reconcile all tax related GL positions for the group and related companies
- Prepare monthly corporate income tax provisions
- Prepare tax disclosures and notes for the Financial Statements
- Effect, book and monitor tax estimated payments
- Ensure all Tax Returns are properly filed, and final payments are made
- Reconcile Prepaid Taxes and all tax provisions
- Book, valuation and control of Company’s Deferred tax Assets and Liabilities
- Calculation of Research and Development tax credit
- Company Acquisitions: incorporation of tax positions/NOLs
- Coordinate responses to Tax Audits, Notices and Enquires
- Coordinate info needed by our Tax External Consultants
- Identify tax savings and suggest ways to increase profits
- Follow industry trends and track changes related to taxes
- Liaise with internal and external auditors
- Forecast tax positions to senior managers
- Oversight of Company’s Indirect Taxes and Tax Information reporting compliance
Our take
Cross River is a fintech and banking company that builds scalable embedded payments, cards, lending, and crypto solutions for businesses and individuals. Now a unicorn company with a valuation exceeding $1 billion, Cross River was founded in 2008 as a way to combine the innovations of financial technology with the existing world of banking.
Cross River has partnered with rising fintech businesses such as Ibanera, helping the Florida-based company build an all-in-one cross-border payments service. The company’s bigger picture approach has allowed it to develop several arms in the lending, compliance, and capital market sectors, amongst others, leading to a corporate flexibility that is crucial in the rapidly-evolving market.
Cross River was named as one of several companies under investigation for facilitating PPP fraud in the US as of December 2022. It has also come under intense scrutiny from the FDIC for allegations of unsafe banking practices in relation to its lending activities, with a consent order issued in March 2023. In the wake of the FTX and Silicon Valley Bank collapses the regulatory environment is getting tougher and Cross River clearly needs to ensure its processes and activities are compliant with the law if it is going to return to its previous position of growth.
Freddie
Company Specialist at Welcome to the Jungle
Insights
4% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Mar 2022
$620m
LATE VC
Apr 2020
$100m
SERIES C
Total funding: $848m
Company benefits
- Retirement planning
- Employee development fund
- Ongoing learning and development opportunities
- Volunteer opportunities
- Charitable donation matching
- Monthly happy hours
- Free haircuts in our salon located at HQ
- Complimentary dry cleaning at HQ
- Valet parking at HQ
- Shuttle service to/from NYC
- Gym located at HQ
- River Cafe at HQ
Company HQ
Fort Lee, NJ
Leadership
Gilles Gade
(CEO & Chariman)Previously CFO at First Meridian Mortgage, Co-Founder and Managing Director at Chela Technology Partners, Associate Director at Barclays Capital and Investment Banking Associate at Bear Stearns & Company.
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