Loan Accounting Manager, Figure
$102.4-128k
+ 25% bonus target + Equity stock options package
More information about location
Blockchain-powered digital lender
Open for applications
Blockchain-powered digital lender
201-500 employees
Open for applications
$102.4-128k
+ 25% bonus target + Equity stock options package
More information about location
201-500 employees
Company mission
Figure's mission is to transform financial services through blockchain, bringing speed, efficiency and savings to both consumers and institutions.
Role
Who you are
- If you're passionate about transforming financial services and thrive in a fast-paced, collaborative environment, join our forward-thinking team
- Bachelor’s degree in Accounting, Finance, or a related field. CPA or similar certification is a plus
- At least 5 years of accounting experience, with a focus on loan accounting. Fintech, public accounting, or startup experience is highly desirable
- Strong understanding of loan structures, servicing processes, and financial reporting for loan portfolios
- Exceptional attention to detail, ensuring accuracy and precision in all work and deliverables
- Experience collaborating closely with product and engineering teams to drive automation initiatives and streamline processes
- Proficiency in financial systems and advanced Excel skills, with the ability to write clear and concise accounting documentation
- A proactive self-starter who can work independently, prioritize tasks effectively, and deliver results in a dynamic, fast-paced environment
- Collaborative mindset with the ability to work cross-functionally and contribute to a shared vision of excellence
What the job involves
- Figure is seeking a dynamic and experienced Loan Accounting Manager who is ready to make a powerful impact
- In this role, you will lead critical financial operations related to loan transactions and servicing
- You will also help with automations as well as play a key part in building and refining processes as we scale at lightning speed
- We’re a team of trailblazers transforming the financial services industry
- This role offers a unique opportunity to shape the future of loan accounting by integrating traditional financial practices with innovative technologies
- Take ownership of daily financial operations related to loan transactions, servicing, and sales activities
- Lead, mentor, and develop a team of loan accounting professionals, fostering a culture of collaboration and excellence, ensuring the team operates efficiently to meet deadlines and deliverables
- Manage the month-end close process, including preparing journal entries, accruals, and reconciling loan-related accounts with precision
- Develop and implement loan accounting policies and procedures, maintaining compliance with GAAP
- Partner with external auditors to provide documentation and support for a seamless audit process
- Collaborate with cross-functional teams, including engineering, to solve loan accounting challenges and identify process improvements
- Drive automation initiatives to streamline loan data reporting and enhance real-time decision-making capabilities
- Contribute to ad hoc projects and initiatives that support business growth and scalability, especially in loan origination and servicing
Our take
Figure handles loans and mortgaging. They are disrupting manual compensation surveys and traditional industry software with their blockchain platform, Provenance, which works as a registry, ledger, and exchange.
The company has branched from offering student loans into many products such as mortgages, personal loans, blockchain-based private credit and private investment opportunities. In 2020, they started seeking a national bank charter to simplify their business and offer better security.
The company is focusing on building blockchain-backed solutions and now offers its customers the option to leverage their cryptocurrency assets to get loans or mortgages and is one of the only companies to do so. Figure is betting heavily on the success of the $1 trillion cryptocurrency market and blockchain industry, and laid off 20% of its staff in July 2023 in preparation for an IPO bid. This IPO is targeted specifically at Figure's lending division, which saw massive growth over 2022 and 2023.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-15% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
May 2021
$200m
SERIES D
Dec 2019
$103m
SERIES C
Total funding: $418m
Company benefits
- Continuing education stipend
- Paid parental leave
- Flexible paid time off
- Stock options
- Work from home opportunities
- Health insurance
Company HQ
Chinatown, San Francisco, CA
Leadership
Mike Cagney
(Executive Chair)After Master's at Stanford, Mike spent almost 6 years as Chairman of ReFlow Services and co-founding Social Finance in 2011. He used this experience to co-found Figure in January 2018, serving since as CEO.
June Ou
(President)Having studied at Stanford and founded CCO Solutions, June spent 5 years at Social Finance with Mike, rising to VP of Product Management. She left this position in October 2017 to co-found Figure the following January.
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