Senior Accounting Associate, Compass
$62.4-85k
5 days a week in office
Real estate technology platform
Open for applications
Real estate technology platform
1001+ employees
Open for applications
$62.4-85k
5 days a week in office
1001+ employees
Company mission
To help everyone find their place in the world.
Role
Who you are
- The ideal candidate is someone who loves challenging opportunities, thrives in a dynamic environment and can consistently meet deadlines
- Bachelor’s Degree required, preferably in Accounting
- Certified Public Accountant (CPA), a plus
- A minimum of 3 years of accounting experience
- Big 4 experience, preferred
- Basic knowledge of residential real estate, preferred
- Experience working across multiple geographical entities
- Strong interpersonal skills for interacting with cross functional teams
- Excellent customer service and ability to work in a team environment
- Strong analysis, problem solving and decision-making skills
- Demonstrated ability to work independently and meet tight timelines
- Strong attention to detail and accuracy and a strong focus on continuous improvement
- Excellent oral and written communication skills
- PC proficiency in PowerPoint and Excel
- Experience with NetSuite and Workiva, a plus
- THIS ROLE IS 100% ONSITE
What the job involves
- We are looking for a Senior Accounting Associate to join our Accounting Department
- This individual will actively participate in improving the accounting treatment, policies and processes surrounding Compass’ financial reporting, mergers and acquisitions accounting, post-acquisition integrations, and internal reporting, including assisting with equity accounting
- In addition, the successful candidate will help support a team responsible for overseeing the accounting, reporting, and policy making for the various wholly owned subsidiaries throughout Compass
- Prepare the consolidated financial statements and related footnotes for inclusion in quarterly and annual regulatory filings, ensuring compliance with all reporting and disclosure requirements under US GAAP
- Prepare and tie out of all financial information included in investor materials, debt covenant calculations, financial statements, and any other ad-hoc analysis for executive management
- Work with various personnel and departments to collect information and input into the above referenced reports; coordinate, review and collect comments on the various drafts; prepare the supporting files; challenge the appropriateness of the disclosures; and complete all relevant disclosure checklists and reporting questionnaires
- Monitor the development and applicability of emerging accounting and reporting rules being deliberated by the SEC, the FASB, and the PCAOB, among others. Assess the related financial and reporting impact of those rules that are relevant to the Company and develop technical accounting research and documentation of new policies and procedures as applicable
- Aid in the month-end close process by posting journal entries & performing accruals for mergers and acquisitions and stock-based compensation in accordance with ASC 718
- Assist with the quarterly fluctuation analysis
- Prepare and review account analyses and balance sheet reconciliations
- Work with various accounting teams across the Company to align accounting policies, procedures, and internal controls
- Ensure all financial activities are in accordance with GAAP, FASB regulations and corporate policies
- Identify accounting issues, research and summarize solutions, as well as communicate resolutions
- Evaluate accounting processes, internal controls, and reporting procedures for continuous improvement opportunities
- Coordinate with the internal and external auditors for audit and accounting-related requirements
- Other duties and ad-hoc projects as assigned
Our take
Compass uses an AI-driven platform to smooth out and speed up the process of buying, selling, or renting property. It functions much like a traditional broker, but employs tech to reduce the time, uncertainty, cost and friction of transactions for buyers, sellers & agents.
It's disrupting a sector so far largely averse to tech innovation, allowing users to close deals in less time than the industry average of 30-45 days. Compass is now the largest independent real estate brokerage in the USA, with over 29,000 agents nationwide.
Despite being a leading residential brokerage and competing well, Compass has remained unprofitable. While the company is replanning its cost structure to be profitable over the next year, it announced its third round of payoffs in early January 2023. Its profit-generating plans include expanding into mortgages, escrow & title services.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 9 rounds)
Jul 2019
$370m
SERIES G
Sep 2018
$400m
SERIES F
Total funding: $1.5bn
Company benefits
- Flexible Working
- Work From Home Opportunities
- Paid Vacation, Holidays, Sick Time
- Paid Parental, Marriage, and Recharge Leave
- Medical, Tele-Health, Dental and Vision Benefits
- 401(k) Plan
- Flexible Spending Accounts (FSAs)
- Commuter Program
- Life and disability insurance
- Maven (a support system for new parents)
- Carrot (fertility benefits)
- UrbanSitter (caregiver referral network)
- Employee Assistance Program
- Pet Insurance
Company values
- Dream big
- Move fast
- Learn from reality
- Be solutions-driven
- Obsess about opportunity
- Collaborate without ego
- Maximise your strength
- Bounce back with passion
Company HQ
Midtown Manhattan, New York, NY
Articles
Leadership
Robert Reffkin
(CEO)After 2 years at McKinsey, Robert worked as a Lazard Associate and White House Fellow. They joined Goldman Sachs in 2006, where they worked as VP of Principal Investment before leaving in 2012 to found Compass. Alongside this, Robert ran 50 marathons in 50 states to raise $1 million dollars for for youth education and enrichment programs.
People progressing
Neda joined Compass in 2018 as Chief of Staff to the CEO after a year at Sidewalk Labs. Following 4 months as Secretary to the Board, in April 2019 they were promoted to President of Compass East Division, and in January 2022 President of US Division.
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