Technical Accounting Manager, Lyft
$118-160k
More information about location
Ride sharing company
Job no longer available
Ride sharing company
1001+ employees
Job no longer available
$118-160k
More information about location
1001+ employees
Company mission
To improve people’s lives with the world’s best transportation.
Role
Who you are
- Bachelor's degree in Accounting/Finance and CPA required
- 6+ years of experience out of Big 4 or similar technical accounting advisory, or in house technical accounting/accounting policy group
- Strong understanding of US GAAP and SEC rules and regulations
- An organized self-starter with the ability to work independently and within a team environment
- Ability to work across disciplines to create new processes and/or resolve issues
- Strong verbal and written communication skills are a must, including experience drafting technical accounting documentation
- Accounting research and problem solving skills required
- Ability to build strong relationships with internal and external business partners
- Ability to work in a fast paced and dynamic environment
What the job involves
- Research and document the accounting and disclosure requirements of proposed accounting standards and transactions with external parties, considering the relevant accounting literature and the effect of the transaction on the company’s financial statements
- Prepare impairment tests quarterly, annually, and as required for the company’s goodwill, equity method investments, and long-lived assets
- Obtain, review, and document accounting and control considerations surrounding all significant and non-routine contracts and transactions, in addition to modifications of existing contracts/arrangements
- Assist in the regular review of Lyft’s accounting policy, and development of accounting policies for new and evolving business areas
- Ensure compliance with Sarbanes-Oxley (SOX) controls
- Coordinate with external auditors to provide requested documentation regarding the accounting treatment for specific transactions
- Assist in various ongoing and ad-hoc projects or initiatives as needed
Our take
Lyft has aimed for consistent growth, making sure to pitch itself as a more reliable and friendly ride-sharing option than its main competitor, Uber. Uber has a greater market share and operates globally, but Lyft hopes to compete by its focus on ride-sharing over Uber's more diversified business approach and as a more rider-friendly and greener alternative to Uber.
Operating only in the USA and Canada, Lyft is in a position of being less affected by global events than Uber but also more vulnerable to local conditions. As an example, while it doesn't face the regulatory hurdles around employment rights that Uber does, it is unable to balance out the cost of the unusually expensive US auto insurance across its operations.
In 2022, Lyft acquired PBSC Urban Solutions, a bike-share equipment and technology supplier, allowing Lyft to compete in new verticals and reaffirming its commitment to green transportation. It has also trialled and launched Lyft Assisted, where drivers help passengers from their door into the car to get to medical appointments. These developments chime well with Lyft's unique selling point as a friendlier and more environmentally aware ride-sharing app, whilst the acquisition of European competitor Freenow could add 6 million new riders to its platform in 2026.
Steph
Company Specialist at Welcome to the Jungle
Insights
-2% employee growth in 12 months
Company
Funding (last 2 of 14 rounds)
Jun 2018
$600m
LATE VC
Mar 2018
$200m
LATE VC
Total funding: $4.9bn
Company benefits
- Great medical, dental, and vision insurance options
- Mental health benefits
- In addition to 12 observed holidays, salaried team members have unlimited paid time off, hourly team members have 15 days paid time off
- 401(k) plan to help save for your future
- 18 weeks of paid parental leave. Biological, adoptive, and foster parents are all eligible
- Pre-tax commuter benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
- Family building benefits
- Lyft Pink - Lyft team members get an exclusive opportunity to test new benefits of our Ridership Program
Company HQ
China Basin, San Francisco, CA
Leadership
John Zimmer
(Co-Founder)Originally an Analyst at Lehman Brothers, Zimmer then founded Zimride which was a private ridesharing company that pivoted into Lyft.
Logan Green
(Co-Founder)Founded Zimride, a private ridesharing company which later pivoted into Lyft.
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