Technical Accounting Manager, Robinhood

$110-165k

Salary is applicable to candidates based in Menlo Park, New York, Bellevue, Washington, Denver, Westlake, Chicago and Lake Mary only and may vary by other locations. + Equity Plan + Bonus Plan

Senior level

Chicago

Denver

Remote from US

More information about location

Commission-free stock trading platform

Job no longer available

Commission-free stock trading platform

1001+ employees

FintechB2CCryptocurrencyMarketplaceTrading

Job no longer available

$110-165k

Salary is applicable to candidates based in Menlo Park, New York, Bellevue, Washington, Denver, Westlake, Chicago and Lake Mary only and may vary by other locations. + Equity Plan + Bonus Plan

Senior level

Chicago

Denver

Remote from US

More information about location

1001+ employees

FintechB2CCryptocurrencyMarketplaceTrading

Company mission

To democratize finance for all.

Job

Company

Role

Who you are

The business is seeking curious, growth-minded thinkers to help shape our vision, structures and systems; playing a key-role as we launch into our ambitious future
5-8 years of progressive experience in a technical accounting role
Public accounting experience; Big 4 or national firm experience preferred
Prior experience designing, implementing, and documenting technical accounting policies and procedures
Excellent knowledge of U.S. GAAP, including ability to research accounting literature, establish a position and develop procedures for implementation
Ability to interpret complex technical guidance and effectively present accounting positions both in written and verbal form

What the job involves

The Technical Accounting team’s mission is to deliver critical insights and provide expertise to facilitate the application of Robinhood's accounting policies in a dynamic environment while helping democratize finance for all
As a Technical Accounting Manager, you will be a subject matter expert on technical accounting and financial reporting matters
You will help to build and maintain Robinhood’s accounting policies and address technical accounting issues arising from business transactions, new products, and implementation of new accounting pronouncements
Establish, develop and maintain Robinhood’s accounting policies
Identify, analyze, and apply technical accounting guidance, including accounting standards of the FASB and SEC, and Big 4 interpretive guidance
Document technical accounting positions in memo format
Monitor, assess and implement new accounting pronouncements and proactively partner with stakeholders to analyze the operational and/or financial impacts of adoption
Perform business combination accounting for acquisitions, including coordination of third-party specialists for purchase price allocation valuation
Apply revenue from contracts with customer guidance to new products, including assessment of principal vs. agent
Be a trusted business partner to Finance, Product, Legal and Tax
Be a proactive liaison with external auditors to drive timely closure of technical accounting matters

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

Top investors

39% female employees

-23% employee growth in 12 months

Glassdoor (3.4)

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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