Director of Accounting, MagicSchool AI
$130-160k
Offers Equity
AI education platform
Be an early applicant
AI education platform
21-100 employees
Be an early applicant
$130-160k
Offers Equity
21-100 employees
Company mission
To help lighten the load, so teachers can save their energy for where they shine best - in the classroom, in front of students.
Role
Who you are
- A thorough understanding of financial reporting and a general ledger structure
- Ability to analyze financial data and prepare financial reports, statements and projections
- Ability to multi-task and manage several projects in a fast-paced start-up environment
- Knowledge of US GAAP reporting requirements
- Bachelor’s degree in Accounting, CPA required
- A minimum of 4-7 years accounting experience; 2-3 years supervisory experience is preferred
- Public accounting experience a plus
- Proficient in Microsoft Excel and experience with general ledger and other accounting systems
- Highly Preferred: Based in the Denver metro area
What the job involves
- In this newly-created role, you will report directly to the VP Finance, and serve as one of the lead point people on all accounting-related issues. This is very much a “hands on” accounting role, but you will also oversee a Staff Accountant responsible for general ledger accounting, A/P, and A/R
- Oversee day-to-day operations of the accounting function. Be the primary owner of accounting & financial reporting
- Supervise and coordinate the general ledger, month-end close and internal reporting process, including ownership of ongoing reconciliations, roll-forwards, schedules, etc
- Research technical accounting matters and prepare accounting memos to support accounting positions (for example, Revenue recognition)
- Be a joint owner of general ledger system (currently Quickbooks). Assist in any future systems enhancement, implementations, or software migration
- Monitor and analyze monthly / quarterly operating results. Prepare outputs for internal teams
- Oversee and manage the Staff Accountant’s work
- Assist VP Finance with preparation of annual audits
- Oversee tax compliance (state & local, sales tax, VAT, etc.) and tax system management (currently Avalara)
- Respond to inquiries from other company-wide managers regarding the financial results and special reporting requests
- Develop and maintain internal controls procedures across all accounting systems
- Support any other ad-hoc internal financial analyses
- Play an active role in other aspects of finance & accounting: banking / treasury, risk / insurance, financing, tax, financial planning, investor relations, etc
- Assist in development and implementation of new accounting processes or procedures
- Be able to supervise a growing team in the future and ensure that work is properly allocated and completed in a timely and accurate manner
Our take
MagicSchool AI is levelling up education with its generative AI tools designed to enhance both teaching and learning environments. Initially focused on creating AI-driven resources for educators, the company is now expanding to provide tools directly for students, to support various learning activities and improve educational outcomes.
These tools are built to streamline and enrich the educational experience with customized AI solutions that cater specifically to the needs of teachers and students. By working closely with educational institutions and incorporating feedback, MagicSchool aims to address common challenges in education and make AI a valuable asset in the classroom.
With substantial funding to its name, its clear that investors see the potential in MagicSchool's proposition. The company is now ready to take the next step in its mission of integrating AI into educational settings to benefit both teachers and students.
Freddie
Company Specialist at Welcome to the Jungle
Company
Funding (last 2 of 3 rounds)
Feb 2025
$45m
EARLY VC
Jun 2024
$15m
SERIES A
Total funding: $62.4m
Company benefits
- Work from home
- Unlimited Time Off
- Insurance (we offer four different 100% employer-paid health insurance plans, and dental and vision are also offered at very low premiums)
- $100 Monthly Wellness Stipend
- 401k Match (we match 100% of the first 1% and 50% of your next 5%)
- Stock Options (all of our employees are offered generous stock options, vested over 4 years)
Company values
- Educators are Magic: Educators are the most important ingredient in the educational process - they are the magic, not the AI. Trust them, empower them, and put them at the center of leading change in service of students and families
- Joy and Magic: Bring joy and magic into every learning experience - push the boundaries of what’s possible with AI
- Community: Foster community that supports one another during a time of rapid technological change. Listen to them and serve their needs
- Innovation: The education system is outdated and in need of innovation and change - AI is an opportunity to bring equity, access, and serve the individual needs of students better than we ever have before
- Responsibility: Put responsibility and safety at the forefront of the technological change that AI is bringing to education
- Diversity: Diversity of thought, perspectives, and backgrounds helps us serve the wide audience of educators and students around the world
- Excellence: Educators and students deserve the best - and we strive for the highest quality in everything we do
Company HQ
Civic Center, Denver, CO
Articles
Leadership
Adeel Khan
(CEO)Previously a Founding School Director/Managing Director of Schools at DSST Public Schools. Prior to that, they were a Social Studies Teacher at KIPP Metro Atlanta and a Special Education and English Teacher at Teach for America.
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