Manager of Financial Reporting and Technical Accounting, DailyPay
$111-144k
+Opportunity for equity ownership
On-demand pay platform
Job no longer available
On-demand pay platform
501-1000 employees
Job no longer available
$111-144k
+Opportunity for equity ownership
501-1000 employees
Company mission
To build a new financial system that starts working, the minute work starts.
Role
Who you are
- Good communication skills
- Ability to work independently and with a team
- Problem-solving, analysis, and research skills to resolve outstanding issues
- Strong leadership skills
- Effectively summarize and apply technical accounting in accordance with US GAAP
- Preparation of technical accounting memos to conclude on accounting positions
What the job involves
- The Financial Reporting and Technical Accounting Manager will support the financial reporting process, technical guidance, and accounting policy development for Dailypay’s Accounting team. This position will report to the Senior Manager of Financial Reporting. This role will be based in our HQ-NY Office
- Responsible for timely and accurate reporting of monthly, quarterly, and annual financial statements presented in accordance with SEC/US GAAP guidelines
- Assist the broader accounting team with the monthly financial close process, including review of account reconciliations and journal entries
- Maintaining accurate supporting analysis and documentation across various complex accounting areas including equity and stock-based compensation, internally developed software, intangible assets and other long-lived asset impairment, revenue recognition, leases, and foreign currency transactions
- Research and analyze non-routine and complex technical accounting issues, prepare accounting memos documenting accounting positions taken, and assist in the creation of ‘audit-ready’ workpapers supporting the related journal entries
- Provide insight into accounting or financial reporting implications of various contracts and business arrangements, supporting our FP&A team and broader organization as needed
- Keep up-to-date with new accounting and disclosure requirements, and provide communication and training to the broader Finance department
- Lead the assessment and implementation of new SEC/US GAAP pronouncements, including evaluation of process or system changes to administer reporting requirements efficiently
Our take
DailyPay hopes to transform the financial system through providing enterprises with on-demand pay solutions, including a raft of market-leading products and programs.
The fast-growing on-demand pay sector is fuelled both by added financial stressors for employees post-pandemic, and a real employee appetite for on-demand pay - in addition to hopes it will combat the draw of predatory payday loans. Multiple surveys suggest over half consider it an attractive benefit. This should incentivize adoption, as companies are likely to enjoy a competitive edge when it comes to employee recruitment and retention.
DailyPay’s leading reputation has, fortunately, attracted larger businesses who can take the hit, like Macdonalds, Kroger, and Lidl. The company has raised impressive funds which are cited to support domestic growth and international growth. This will allow DailyPay to invest in further product innovation.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 7 rounds)
Jan 2024
$75m
LATE VC
May 2021
$175m
SERIES D
Total funding: $279.8m
Company benefits
- 401(K) with 4% match
- Unlimited PTO
- Medical, Dental & Vision Plans
- Annual Learning Stipend
- DailyPay for DailyPay
Company values
- Do Your Research - Knowledge is power. Study, internalize and research so you can have a well-reasoned view. It’s about being prepared but also understanding that your view can change and evolve as you continue to do your research.
- Start Simple - When taking on something new, the key is to just get started. Don’t worry about automating everything, or having the perfect answer. Start simple. Test, learn, iterate.
- See The Circle - Every DailyPayer is part of this bigger mission and we are all working towards the same goal. Regardless of what you’re working on, you have a circle of colleagues that surround you. Involve them early and often, because it will make us stronger.
- Pull The Wagon - Winning takes teamwork, ambition and diligence, not egos. Pitch in and do whatever it takes to move the company forward. Leaders pull the wagon alongside the team. They don’t direct orders from it. Set the example. You’ll also probably learn more by doing so.
- Move The Line - Every day, in everything you do, challenge yourself and move the line. Push your own boundaries by focusing on incremental improvement. Be forward-thinking. Embrace change and innovation.
- We Win With Diversity - Diversity is more than just the sum of our many parts. It’s our superpower — not just the right thing to do, but how we win. Whether through our diversity of background, experience, opinions, or views, it’s how we build a sustainable business.
- Act Like An Owner - Decisions are creative opportunities for expansiveness. Be greedy for the best long-term outcome, even if it causes short-term sacrifice. Act with purpose and invent the future. Be maniacally focused on building the best long-term solutions for our stakeholders.
Company HQ
Financial District, New York, NY
Articles
Leadership
Kevin Coop
(CEO, not founder)Previous President, North America for Dun & Bradstreet and Group Exec and President at Black Knight. Was also the President of the Financial Services Division at Verisk.
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