Director of Technical Accounting, Flex
$200-225k
Salary dependant on location; + Equity
More information about location
Flexible rent payment application
Open for applications
Flexible rent payment application
501-1000 employees
Open for applications
$200-225k
Salary dependant on location; + Equity
More information about location
501-1000 employees
Company mission
Flex's mission is to empower as many renters as possible with flexibility over their most significant recurring expense.
Role
Who you are
- Bachelor’s degree (B. A) in Accounting
- 10+ years accounting experience with Fintech or Big 4 CPA firm required
- Experience with IPO a plus
- Strong working knowledge FASB codification as it relates to ASC 606, ASC 842 & ASC 718 for financial market instruments/products
- Proven self-starter with a strong sense of ownership, communication and analytical business acumen
- Proficiency in GAAP accounting and financial statement preparation, including month-end and year-end close process
- Track record of driving transformation and efficiencies in controls and accounting systems
- Experience managing teams and fostering strong internal and external relationships
- CPA required
- Demonstrated analytical and problem-solving skills
- Ability to effectively manage multiple tasks simultaneously and adapt to a rapidly changing environment
- Strong PC background with working knowledge of MS Excel, ERP and financial systems
- Proven time management and project management ability
- Excellent interpersonal, oral and written communication skills
- Desire to work in an exciting, start-up environment that encourages individual growth and excellence
What the job involves
- As the Director of Technical Accounting you'll be responsible for maintaining the accuracy and integrity of Flexible Finance and its subsidiaries' financial accounting in accordance with Generally Accepted Accounting Principles (US GAAP)
- Reporting directly to the Vice President of Accounting, this role leads the strategic direction of the technical accounting team and acts as the company's expert on technical accounting issues
- You'll work closely with the business accounting team, Strategic Finance, Treasury, and other key functions to provide technical accounting guidance and ensure accurate transaction reporting in the company’s consolidated financial statements
- Responsible for technical accounting research and implementation strategy by reviewing proposed accounting standards and determining the potential impact to the Company
- Collaborate cross functionally with key stakeholders and provide technical accounting guidance on new business initiatives such as contracts, transfer pricing and new business revenue streams
- Lead the preparation and update of accounting policies through development of the Company accounting policy manual
- Maintain the controls framework by staying informed with new FASB announcements and regulatory guidelines as they relate to the Fintech sector
- Review and document complicated accounting issues and make recommendations for appropriate treatment
- Partner with the VP of Accounting in executing consolidated financial statement external audits and quarterly reviews if applicable
- Provide training to accounting department team members related to accounting policies and new accounting standards
- Lead the preparation of accounting transaction memos detailing significant transactions
- Partner with VP of Accounting to ensure accounting and financial reporting process risks have been identified, assessed and documented in accordance with SOX requirements
Our take
Many people struggle to pay their rent every month, with a variety of bills hitting their bank accounts simultaneously. Whilst many of these people earn enough money to cover their bills, the inflexible nature of monthly bills can make the all-in-one payment a harder obstacle.
Flex provides a mobile application for the flexible payment of rent, allowing users to pay their landlords through flexible payment plans, reschedule payments when necessary, and protect their funds through Overdraft Protection. The company achieves this by partnering with estate agents and paying their resident's bills upfront, taking on the challenges that landlords would normally have due to late payments.
Flex has experienced extremely rapid growth since its founding which has caused some issues, as it struggled to keep up with the surge in new customers. Having made improvements to its product and scaled its customer service team, it is set to continue providing a service that has come to be highly valued by both tenants and landlords.
Freddie
Company Specialist at Welcome to the Jungle
Insights
10% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Feb 2022
$160m
SERIES C
Apr 2021
$46.6m
SERIES B
Total funding: $225.1m
Company benefits
- 100% company-paid medical, dental, and vision
- 401(k) + company stock options
- Unlimited paid time off + company paid holidays
- Parental leave + IVF and adoption support
- Flex Cares Program: Non-profit company match + pet adoption coverage
- Pet Insurance
- Free Flex subscription
Company HQ
Midtown Manhattan, New York, NY
Leadership
Shragie Lichtenstein
(CEO)Experience working in venture capital investments for Point72 and TVC. Also co-founded Boundless Reality.
YeTong Shao
(CPO)Experience as Data Science Researcher. Also co-founded Boundless Reality.
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