Accounting and Regulatory Reporting Associate, Cross River
$100-130k
Office located in Fort Lee, NJ
Banking and fintech services
Open for applications
Banking and fintech services
1001+ employees
Open for applications
$100-130k
Office located in Fort Lee, NJ
1001+ employees
Company mission
To enable clients to deliver responsible financial solutions that empower consumers anytime, everywhere.
Role
Who you are
- CPA OR currently pursuing CPA strongly preferred
- 5+ years of relevant experience in financial reporting, SEC Reporting or Accounting Policy
- Demonstrable knowledge of US GAAP
- Excellent written, analytical, research, and problem-solving skills
- Ability to collaborate cross-functionally to obtain facts, understand business structure, articulate the accounting guidance and requirements and communicate conclusion reached to stakeholders
- Strong written and verbal communication skills, with the ability to communicate complex financial concepts to all stakeholders
- Proactive and organized with a positive mindset
What the job involves
- Cross River’s Financial and Regulatory Reporting team reports directly into the Controllership function within the Finance department
- As a Financial and Regulatory Reporting Associate, you will play a key role in continuing to build the Financial and Regulatory function
- The successful candidate will be a key contributor in the annual financial statements preparation and quarterly regulatory reporting processes, be a contact to businesses and Accounting teams seeking accounting guidance on complex and unusual transactions, monitor new accounting pronouncements and keep organized documentation through memorandum and tracking for submission to senior leadership
- This role is a highly visible role with opportunity to learn about different business structure and deals, in addition to collaborating with various departments and external auditors
- The role reports directly into the Financial Reporting Manager
- Assist with preparation of year-end US GAAP financial statements and various weekly and quarterly regulatory filings
- Review new business contracts and business products to ensure
- Accounting impact is properly captured
- Evaluate existing contracts to ensure proper booking models are applied
- Research and manage the communication and implementation of new and evolving regulatory requirements
- Preparation of monthly financial close variance discussion and analysis
- Collaborate with Accounting on a monthly basis to provide booking guidance on complex entries and transactions
- Provide accounting and process improvement guidance based on prior year audit concerns
- Build and maintain strong relationships with key stakeholders, including, auditors and internal departments such as Capital Markets, Credit and Risk Management
Our take
Cross River is a fintech and banking company that builds scalable embedded payments, cards, lending, and crypto solutions for businesses and individuals. Now a unicorn company with a valuation exceeding $1 billion, Cross River was founded in 2008 as a way to combine the innovations of financial technology with the existing world of banking.
Cross River has partnered with rising fintech businesses such as Ibanera, helping the Florida-based company build an all-in-one cross-border payments service. The company’s bigger picture approach has allowed it to develop several arms in the lending, compliance, and capital market sectors, amongst others, leading to a corporate flexibility that is crucial in the rapidly-evolving market.
Cross River was named as one of several companies under investigation for facilitating PPP fraud in the US as of December 2022. It has also come under intense scrutiny from the FDIC for allegations of unsafe banking practices in relation to its lending activities, with a consent order issued in March 2023. In the wake of the FTX and Silicon Valley Bank collapses the regulatory environment is getting tougher and Cross River clearly needs to ensure its processes and activities are compliant with the law if it is going to return to its previous position of growth.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 4 rounds)
Mar 2022
$620m
LATE VC
Apr 2020
$100m
SERIES C
Total funding: $848m
Company benefits
- Retirement planning
- Employee development fund
- Ongoing learning and development opportunities
- Volunteer opportunities
- Charitable donation matching
- Monthly happy hours
- Free haircuts in our salon located at HQ
- Complimentary dry cleaning at HQ
- Valet parking at HQ
- Shuttle service to/from NYC
- Gym located at HQ
- River Cafe at HQ
Company values
- Humility
- Integrity
- Creativity
- Compassion
- Responsibility
Company HQ
Fort Lee, NJ
Articles
Leadership
Gilles Gade
(CEO & Chariman)Previously CFO at First Meridian Mortgage, Co-Founder and Managing Director at Chela Technology Partners, Associate Director at Barclays Capital and Investment Banking Associate at Bear Stearns & Company.
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