Accounting Lead, Affirm
$102-155k
Salary dependent on location. Plus ESPP - An employee stock purchase plan enabling you to buy shares of Affirm at a discount
POS installment loans
Posted today
POS installment loans
1001+ employees
Posted today
$102-155k
Salary dependent on location. Plus ESPP - An employee stock purchase plan enabling you to buy shares of Affirm at a discount
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- As an Accounting Lead you have in-depth knowledge of generally accepted accounting principles, proficiency in accounting systems, and strong motivation to drive processes that contribute to the achievement of an efficient monthly/quarterly/annual close and the financial reporting process
- You pay great attention to detail, have the ability to deliver results under deadlines, as well as work effectively cross-functionally in a rapidly changing environment
- Above all, you have tremendous problem solving and communication skills that you are looking to utilize in support of Affirm’s continued growth and pursuit of our mission to deliver honest financial products that improve lives
- Minimum of 5+ years of relevant professional experience
- Recent experience in general ledger accounting at an experienced Senior Accountant or Supervisor level with a public company responsible for multiple lines on the balance sheet
- Solid understanding of US GAAP, and ability to partner with the Technical Accounting team on accounting policy implementation and adherence
- Advanced Microsoft Excel skills required (such as VLOOKUPS & conditional statements, pivot tables, data analysis, data visualization, what-if-analysis)
- Strong knowledge of end to end accounting processes and understanding of financial statement line items
- Excellent analytical, creative problem solving, organizational and project management skills, and to work effectively in situations that involve ambiguity
- Strong sense of ownership and curiosity to learn new skills
- Excellent time management and organizational skills with interest in prioritizing and multi-tasking
- NetSuite experience is preferred
- The desire to improve processes and make your own job easier over time, taking ownership of all aspects of your functional area
- Passion for Affirm and a strong interest in technology, BNPL and consumer lending
What the job involves
- Champion intercompany operational excellence: oversee proper application of and consistent compliance with intercompany accounting policy to maintain financial consistency and clarity
- Analyze intercompany and consolidated results, provide variance analysis, and performance narratives
- Lead the end-to-end intercompany accounting process related to Affirm standalone entities and across multiple Affirm entities: invoicing, reconciliations, settlements and compliance with state regulatory requirements
- Optimize intercompany processes: ensure proper reconciliation, compliance with transfer pricing and regulatory requirements, and accurate settlement of intercompany transactions
- Partner with Financial Reporting and Technical Accounting to understand the reporting requirements that are needed for various regulators and ensure deliverables meet requirements
- Own Affirm’s standalone entities accounting integrity: lead the allocation process and the proper elimination and consolidation
- Execute existing accounting and reporting controls and procedures during the monthly and quarterly close including departmental close packages, financial reporting reconciliations, support of financial reporting, analytics and efficiency metrics
- Perform accounting and control procedures related to highly visible and complex accounting transactions, ensuring the accuracy of accounting entries and timely accounting close
- Support internal and external audit requirements related to specific assigned areas
- Drive process improvement through automation initiatives: develop a plan, clearly communicate project goals, updates, resource needs and business outcomes
- Proactively review current procedures and seek ways to improve processes to achieve operational efficiency
- Assist in designing, implementing, maintaining and monitoring corporate accounting policies and procedures; and assist in internal control and process documentation
Our take
Affirm offers point-of-sale loans to consumers, working with merchants like Shopify, KAYAK, and Walmart. Buy now, pay later transactions have grown in popularity in recent years, and this business is tapping into the market with a totally different approach to credit - by delivering the Affirm card, the first US debit card with the option to pay-over-time.
Boating over 15 million customers and 245,000+ merchants, the company offers flexible payback options, ranging from 3 to 36 months. The interest rates run between 0% and 30%, so, while they are not necessarily the cheapest option, Affirm prides itself on having no fees for late payments, no hidden charges, and total transparency about what people will pay before they take out a loan.
Affirm collects payments from the customers and pays the merchants directly, shouldering the risk itself. The company has boosted its market share, expanding its availability beyond the US to include most of Canada, and continues to launch new features and create new partnerships towards bettering its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-11% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Sep 2020
$500m
SERIES G
Apr 2019
$300m
SERIES F
Total funding: $1.1bn
Company benefits
- Spending wallets
- Supportive communities
- Remote-first workforce
- Generous time off
- Health benefits
- Mental healthcare
- Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- We offer 24 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & development
Company HQ
Chinatown, San Francisco, CA
Leadership
Max Levchin
(CEO)Has founded/co-founded numerous companies, holding various executive positions at each, including Paypal, Slide, Glow, HVF Labs, and SciFi VC. Also worked at large brands including Google, Yelp, Yahoo, and Evernote.
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