Accountant, Upgrade
Flex Pay
$70-85k
+ Stock options plan
2 days a week in office
Offering responsible credit to mainstream consumers
Be an early applicant
Offering responsible credit to mainstream consumers
1001+ employees
Be an early applicant
$70-85k
+ Stock options plan
2 days a week in office
1001+ employees
Company mission
To help our customers move in the right direction with responsible financial products that put more money in their pocket.
Role
Who you are
- Minimum of 3+ years of experience in public accounting OR 2+ years of corporate accounting experience
- Bachelor’s degree in Accounting or Finance
- Strong knowledge of GAAP and experience with loan accounting principles a plus
- Excellent Excel skills including vlookups, pivot tables and complex formulas
- Familiarity with ERP/Accounting systems (NetSuite, Floqast, Bill.com)
- Team-player with superior interpersonal skills who can work closely with both accounting teams and cross-functionally with relevant stakeholders
- Effective written, verbal and interpersonal communication skills
- Sense of ownership and responsibility towards problems and solutions
- Demonstrated ability to adapt quickly and smoothly to a rapidly changing environment
- Self-starter with a continuous improvement mindset
What the job involves
- We are looking for an Accountant to support our Flex Pay product
- Working with a team of Finance, Investor, and Business Analysts in Phoenix and San Francisco, this person will play a key role in maintaining all Operational accounting tasks and records for Upgrade
- The ideal candidate will also work closely with multiple Upgrade company departments to identify all necessary accruals, verify accuracy, and make recommendations to streamline current accounting processes and procedures
- Candidate will have interaction with senior leadership regarding expense classification and profitability metrics and must be capable of delivering high-quality deliverables, on time, with careful attention to detail
- This role will be based in our San Francisco office in a hybrid capacity
- You'll own month-end close activities related to loan accounting, revenue recognition, and associated reconciliations
- Maintain and improve schedules for loan portfolios, servicing fees, interest income, loan sales and reserves
- Ensure accurate and timely financial reporting in compliance with GAAP
- Build and refine Excel-based workpapers, using advanced functions such as VLOOKUPs, INDEX-MATCH, and PivotTables to analyze and present data
- Partner with cross-functional teams (Product, Operations, Engineering) to streamline processes and investigate variances
- Assist in audits and management reporting
- Assist in data validation for migration of loans over to new servicing system
- Support ad hoc analysis and special projects as needed
Our take
Most credit cards don't encourage the owner to pay down their debt. The longer it takes to pay off the balance, the more money lenders are set to make. Upgrade is an online lender and card issuer doing things differently. The company offers personal loans and credit cards but with a fixed instalment structure and a set number of equal payments. This ensures the balance reduces every month.
The company believes this model reduces default rates, as borrowers are forced to pay down rather than maintain their debt, and it encourages a greater commitment to repay the balance. Further, by combining the ease of a Visa card with the fixed payments and decreased rates of a personal loan, Upgrade sets itself apart from competitors.
In 2021, Upgrade launched its mobile banking and debit card as a strategy to onboard new customers and increase loyalty. The fixed-rate nature of the company's cards is expected to be of use to customers in future years in an environment of rising rates. Upgrade also plans to expand beyond the U.S. in the future, which will represent new challenges for the business as it adapts to alternative regulations.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
18% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Nov 2021
$280m
SERIES F
Aug 2021
$105m
SERIES E
Total funding: $547m
Company benefits
- Stock option plan
- 100% paid coverage of medical, dental and vision insurance
- Flexible PTO
- Opportunities for professional growth and development
- Paid parental leave
- Health & wellness initiatives
Company HQ
Financial District, San Francisco, CA
Leadership
Renaud Laplanche
(Co-Founder & CEO)After an MBA at London Business School, Renaud spent 5 years as an Associate at Clearly Gottlieb Steen & Hamilton and co-founded MatchPoint. They then left Oracle after a year to co-found Lending Club in 2006 and co-founded Upgrade in August 2016.
Adelina Grozdanova
(Co-Founder & Head of Investor Group)Adelina started their career with 6 years at Morgan Stanley after a degree at Princeton. They left banking in 2012 to join Lending Club as VP, and after 3 years co-founded Upgrade, serving as Head of Investor Group since 2016.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 19 more jobs at Upgrade