Senior Accounting Associate, Fondo
$70-90k
+ Eligible for performance-based bonuses
Accounting service for startups
Be an early applicant
Accounting service for startups
21-100 employees
Be an early applicant
$70-90k
+ Eligible for performance-based bonuses
21-100 employees
Company mission
To help improve the financial health of startups.
Role
Who you are
- Bachelor’s degree required, preferably in Accounting or Finance
- CPA license preferred but not required
- Minimum of 5 years of accounting experience
- Strong knowledge of accounting theory, principles, and practices
- Proficiency in QuickBooks Online and Microsoft Excel
- Experience managing financials for multiple clients
- Strong written communication skills for describing and documenting accounting processes for procedural manuals
- Adaptable and strategic, excelling in managing ambiguity, creatively solving problems, and efficiently prioritizing multiple deadlines and responsibilities
- Proficient in data analysis and using computer systems to present financial information, with the ability to prepare and analyze statistical and financial reports
- Experience in SaaS, tech, start-ups, high-growth, and PE-backed companies preferred but not required
What the job involves
- As a Senior Accounting Associate, reporting to the Director of Accounting, you will be responsible to accurately perform accounting functions for various early-stage and high-growth startups in different industries. You will be a liaison between a portfolio of clients and outside agencies
- You will partner closely with the Fondo Accounting and Operations teams in a remote, dynamic, fast-paced entrepreneurial environment to meet client deliverables. We offer a competitive compensation package and opportunities for career advancement
- Prepare and review monthly/quarterly/annual financial reports for multiple clients
- Record and manage payroll, accounts receivable, fixed assets, accounts payable, etc
- Perform ad hoc analysis and projects as requested
- Adhere to proper accounting methods, policies, and principles
- Stay updated on bookkeeping, tax filing, HR standards, and regulations
- Identify process improvements for resource efficiency and accuracy
- Identify process improvements to ensure efficient use of resources while maintaining a high level of accuracy
- Track billable hours between different clients
- Manage and update the tracking of projects in our proprietary app
- Maintain and manage the filing system in cloud-based software
- Continually monitor client Slack channels and Front for support needs
Our take
Founding a startup is no mean feat, with huge financial and business operations to oversee. Fondo founder David J Phillips has experienced this firsthand, and his newest venture Fondo aims to ease the burden for other startups.
Its essentially an accounting service for startups - send Fondo your documents and they’ll look after everything else, from standard federal and state corporate income tax to 5471, 5472 and FBAR forms for startups with a Delaware C Corp Parent and Foreign Subsidiary. Where it stands out is in its offer of claiming tax credits for startups in the form of cash back from the IRS. Of its 300+ customers, the average cash is roughly $21,000.
It operates within a busy market, but its specific focus on startups and promise of cashflow back into the company marks Fondo out from the crowd in its own niche area.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 3 rounds)
Nov 2024
$4.6m
SEED
Feb 2023
$1.2m
SEED
Total funding: $6m
Company HQ
West Oakland, Oakland, CA
Leadership
David J Phillips
(CEO)Previously founded UniverCity Tutors, safeXai, HackBright Academy and BloomJoy. They also worked as a Public Accountant & Auditor at Deloitte, and as an Accountant at Imerys.
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