Director of Technical Accounting & Financial Reporting, Flex
$200-220k
+ Company equity
2-3 days a week in office
Flexible rent payment application
Be an early applicant
Flexible rent payment application
501-1000 employees
Be an early applicant
$200-220k
+ Company equity
2-3 days a week in office
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
- The ideal candidate has exceptional GAAP technical knowledge, a clear future vision for a highly efficient and compliant financial reporting function, and is energized by the opportunity to build policies, processes and controls from the ground up
- We’re looking for a leader who embodies resilience, ownership, and sound judgment, and can navigate comfortably in a fast-paced, high-growth Fintech environment
- Bachelor’s degree in Accounting, Finance, or related field
- Active CPA license in good standing
- 10+ years of progressive accounting experience, including a combination of Big 4 public accounting and technical accounting & reporting experience within a public
- Prior experience in fintech, financial services, or a regulated industry is preferred, particularly within a high-growth environment
- Proven expertise in U.S. GAAP, SEC regulations, and SOX compliance, with strong technical proficiency in the guidance sections noted above (ASC 718, ASC 606, ASC 310, ASC 326, ASC 740 and ASC 805)
- Demonstrated experience building and leading a technical accounting and reporting function from the ground up
- Hands-on experience implementing and operating strong controls in a SOX-compliant environment
- An orientation toward process and attention to detail, strong analytical and quantitative skills
- Proactive, self-motivated, and able to thrive in a dynamic, fast-paced pre-IPO environment with ambiguity and changing priorities
- Proven track record of effective communication at all levels of the organization, with a high level of self-awareness and humility, and excellent collaboration skills; ability to distill complex technical accounting topics down for all audiences
- Experience as a skilled, thoughtful manager with an interest in mentoring and developing the members of their team
- Experience with ERP systems (e.g NetSuite, SAP), reporting tools (e.g. Workiva) and process / reporting automation
What the job involves
- We are seeking a highly experienced and strategic Director to lead our Technical Accounting & Financial Reporting function
- This role will play a pivotal role in maturing Flex’s accounting function through its next phase of growth, overseeing complex accounting matters, developing accounting policies, and ensuring the overall integrity of our financial statements in compliance with U.S. GAAP
- This position will also be responsible for external financial reporting, including annual audits, statutory reporting, and potential SEC readiness efforts in the future
- This is a hands-on, high-impact role that will work cross-functionally with a number of teams, including providing accounting guidance on significant business transactions to help leaders make well-informed decisions
- This position will report to the VP, Controller and will be located in one of our office hubs (NYC or SF) on a hybrid basis
- Technical Accounting Leadership & Policy:
- Serve as the subject matter expert on all technical accounting matters including stock-based compensation (ASC 718), revenue recognition (ASC 606), loan accounting and credit losses (ASC 310/326), leases (ASC 842), debt (ASC 740) and business combinations (ASC 805)
- Drive the development, implementation, and maintenance of all corporate accounting policies in collaboration with the Controller, taking a hands-on and risk-based prioritization approach
- Research, resolve and document complex accounting transactions in formal memos
- Educate and partner with Finance and Accounting teams on technical accounting matters to operationalize complex transactions and enable accurate forecasting and reporting
- Work collaboratively with business partners to identify financial risks and accounting considerations associated with new or contemplated transactions, including new revenue streams and partnerships
- Assist with month-end close activities for technical accounting areas, including the preparation and/or review of reconciliations
- Financial Reporting:
- Prepare audited financial statements, footnote disclosures, and supporting schedules - building a strong reporting foundation that can evolve with the company in the future
- Manage the external reporting calendar, coordinating with internal teams (legal, compliance, FP&A) and external partners (auditors, etc.) to ensure deadlines are met
- Ensure successful delivery of entity-level financial statements to meet regulatory and lender reporting requirements
- Identify opportunities to streamline and enhance reporting timelines, accuracy, and quality - drive both process improvement and automation through use of financial reporting tools
- Design and develop internal controls over the financial reporting process in preparation for SOX compliance, proposing solutions for identified segregation of duties and control gaps
- Partner with Controller and other teams to architect future ERP system flows for all intercompany transactions, ensuring that both consolidate and entity level reporting needs are met
Application process
- Mandatory Flex-sponsored New Hire Onboarding (Mon-Wed of your first week) in person at our NYC headquarters
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
(Co-Founder & CEO)Experience working in venture capital investments for Point72 and TVC. Also co-founded Boundless Reality.
YeTong Shao
(Co-Founder)Experience as Data Science Researcher. Also co-founded Boundless Reality.
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