Accounting Manager, FareHarbor
Booking solutions for tour operators
Job no longer available
Booking solutions for tour operators
501-1000 employees
Job no longer available
501-1000 employees
Company mission
To make experiences better for everyone.
Role
Who you are
- Bachelor’s degree in Accounting or related field, Master’s degree highly preferred
- CPA, ACCA, CA, or equivalent qualification required
- 8+ years of experience in accounting, with experience in a multinational environment
- Deep understanding of US GAAP and/or IFRS
- Strong communication and leadership skills, with the ability to influence both internal and external stakeholders and navigate complex hierarchies
What the job involves
- We are seeking an experienced Accounting Manager to lead and elevate the accounting team at FareHarbor, reporting directly to the Global Finance Director
- In this role, you will oversee the accounting and reporting cycle, developing policies, procedures and controls to support rapid growth while maintaining a strong internal control environment
- You will manage complex technical accounting and intricate global tax strategies in collaboration with teams at Booking, ensuring compliance across multiple jurisdictions and the accuracy of consolidated financial statements under both US GAAP and local standards
- This hands-on role requires close collaboration with commercial teams to support strategic business decisions and strong partnerships with external stakeholders at Booking including Risk and Controls, Technical Accounting, Accounting Transformation and Tax
- This role will be instrumental in driving operational efficiency, automation of accounting tasks and scalability for the team as FareHarbor expands
- Lead and mentor the accounting team, ensuring technical expertise and operational effectiveness
- Implement accounting policies in line with US GAAP and local regulations, ensuring they withstand audit scrutiny
- Oversee multi-entity accounting and reporting, covering regions such as the US, Netherlands and Australia
- Collaborate with the Booking Tax team to develop tax strategies that mitigate international tax risk and optimize FareHarbor’s tax position, including transfer pricing, VAT and cross-border tax issues
- Oversee technical accounting for business initiatives, assessing financial implications of key decisions in areas such as revenue recognition and asset valuations
- Oversee closing processes, ensuring the accuracy of consolidated financial statements, tax and statutory filings
- Serve as the FareHarbor stakeholder for Booking Accounting transformation projects, working alongside FH analytics to align accounting and business reporting tools (eg Tableau reporting, SAP migration)
Our take
Most holidaygoers in the US prefer to book their activities and experiences online - but when it comes to local operators, this isn’t always possible. FareHarbor has been developing software to help digitize the booking process for these smaller businesses, and over a decade, has brought more than 5,000 of them onto the books.
Along the way, FareHarbor also built up some strong momentum in the reservation management and distribution areas of the sector, which drove up the company’s valuation - making it a prime candidate for acquisition. Whilst TripAdvisor reportedly made multiple bids, FareHarbor ultimately went to Booking Holdings, the US’ largest vendor of tour company booking software.
This puts FareHarbor in a strong position. Booking Holdings is acquiring companies at a steep rate (ten in the last ten years), and good ones too - Kayak and Venga number among them. This will help FareHarbor with customer acquisition, and insulate it somewhat from any wobbles in the hospitality sector.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
8% employee growth in 12 months
Company
Funding (1 round)
May 2015
$0.2m
SEED
Total funding: $0.2m
Company HQ
Grachtengordel-Zuid, Amsterdam, Netherlands
Leadership
Matt Broten
(Software Engineer)Worked in various Software Engineering roles at Minnesota Supercomputing Institute, University of Minnesota, Open Systems International, Instant Automatic, and Artery- which they also co-founded.
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