Director of Accounting, Offchain Labs
Ethereum layer 2 scaling solution
Job no longer available
Ethereum layer 2 scaling solution
21-100 employees
Job no longer available
21-100 employees
Company mission
Offchain Labs' mission is to make Blockchain better.
Role
Who you are
- Accounting department builder at heart
- 10+ years experience with time spent at a Big 4 accounting firm
- 2+ years of recent experience at a crypto company or crypto native. If you do not have professional experience, please share the ecosystem within crypto that you are excited about and why, in your resume or in a short cover memo
- Experience or familiarity with digital asset accounting is highly preferred
- Prior experience leading a financial audit in partnership with external auditors
- CPA license holder
- Experience with multi-entity operations
- Strong proficiency in accounting software, financial planning tools and microsoft excel
- Great communicator with excellent analytical and problem-solving skills
- Strong attention to detail and highly organized and tactical
- Ability to think strategically about department building and rolling out new processes
- Excited to roll up your sleeves and comfortable working in a fast-paced start-up environment, executing on multiple projects at any given time
What the job involves
- We are looking for a Director of Accounting to work with the Head of Finance to build out the accounting department to ensure that the company has accurate and timely financial reporting and implement financial operating procedures across the company
- We are looking for someone who is willing to roll up their sleeves and work both independently and as a manager
- Lead the monthly close process and prepare and analyze financial statements, including income. statements, balance sheets, and statements of cash flow
- Drive opportunities for process improvements and automation, optimize our accounting systems and tools, and lead the implementation of accounting best practices
- Ensure consistent implementation of accounting principles and procedures in compliance with US GAAP, staying up to date with FASB and SEC guidance, especially related to any digital asset policies
- Develop, implement and enforce financial controls and policies
- Oversee payroll, accounts payable, expense reimbursements, and accounts receivable
- Own digital asset reporting and reconciliations
- Provide support to the management team in making informed financial decisions
- Work with our tax partners to prepare and file tax documents and returns
- Manage and mentor our Accounting Manager
Our take
The Ethereum blockchain has seen a surge in activity over the past year or so - but, much to users' frustration, its transaction volume has failed to scale accordingly, leading to hefty gas fees and slow transaction times. Offchain Labs is one of a few players developing Layer 2 rollup solutions, and its Arbitrum rollup has gathered substantial momentum and support in a relatively short time.
Offchain Labs’ Arbitrum claims to offer all the benefits of a rollup - less costly, more efficient - without compromising on security. It is, at the time of writing, the only scaling solution for Ethereum that has working fraud proofs, and at the end of 2021 was dominating the layer 2 rollup market share.
This kind of high profile and superior efficacy determines a successful blockchain technology. With Offchain Labs’ leadership pedigree, it’s no surprise the company is leading rollup innovation efforts. This sector, however, moves at lightning speed—and the competing ZK rollups are by no means out of the picture just yet.
Steph
Company Specialist at Welcome to the Jungle
Company
Funding (last 2 of 3 rounds)
Aug 2021
$120m
SERIES B
Apr 2021
$20m
SERIES A
Total funding: $143.7m
Company benefits
- Health, Dental and Vision Insurance
- 401(k) with company match
- Pre-tax commuter benefits
- Environment geared toward brainstorming and learning
- Generous paid time off - everyone needs to recharge!
Company HQ
Princeton, NJ
Leadership
Steven Goldfeder
(CEO & Co-Founder)A Princeton PhD graduate in Computer Science, who also worked as a postdoctoral researcher at Cornell Tech.
Ed Felten
(Chief Scientist & Co-Founder)A retired Princeton professor of Comp Sci & Public Affairs, who formerly worked as Deputy United States CTO at the White House.
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