FLEX Inc
Director, Technical Accounting
FLEX Inc, New York, New York, us, 10261
Flex is a growth-stage, NYC headquartered FinTech company that is creating the best rent payment experience. It's hard to believe that it's 2024 and paying rent on time is expensive, inflexible, and difficult. We're here to change that! Flex enables our users to pay rent throughout the month on a schedule that better fits their finances and budget. Our mission is to empower as many renters as possible with flexibility over their most significant recurring expense. After deliberately keeping a stealth profile as we built up unprecedented investor support and an enthusiastic user base, we are looking for motivated individuals to help us keep our mission growing. Will you be a part of the team?
About the role
As the Director of Technical Accounting you'll be responsible for maintaining the accuracy and integrity of Flexible Finance and its subsidiaries' financial accounting in accordance with Generally Accepted Accounting Principles (US GAAP). Reporting directly to the Vice President of Accounting, this role leads the strategic direction of the technical accounting team and acts as the company's expert on technical accounting issues. You'll work closely with the business accounting team, Strategic Finance, Treasury, and other key functions to provide technical accounting guidance and ensure accurate transaction reporting in the company's consolidated financial statements. What you'll do
Responsible for technical accounting research and implementation strategy by reviewing proposed accounting standards and determining the potential impact to the Company. Collaborate cross functionally with key stakeholders and provide technical accounting guidance on new business initiatives such as contracts, transfer pricing and new business revenue streams Lead the preparation and update of accounting policies through development of the Company accounting policy manual Maintain the controls framework by staying informed with new FASB announcements and regulatory guidelines as they relate to the Fintech sector Review and document complicated accounting issues and make recommendations for appropriate treatment Partner with the VP of Accounting in executing consolidated financial statement external audits and quarterly reviews if applicable Provide training to accounting department team members related to accounting policies and new accounting standards Lead the preparation of accounting transaction memos detailing significant transactions. Partner with VP of Accounting to ensure accounting and financial reporting process risks have been identified, assessed and documented in accordance with SOX requirements. Key qualifications Bachelor's degree (B. A) in Accounting 10+ years accounting experience with Fintech or Big 4 CPA firm required Experience with IPO a plus Strong working knowledge FASB codification as it relates to ASC 606, ASC 842 & ASC 718 for financial market instruments/products Proven self-starter with a strong sense of ownership, communication and analytical business acumen Proficiency in GAAP accounting and financial statement preparation, including month-end and year-end close process Track record of driving transformation and efficiencies in controls and accounting systems Experience managing teams and fostering strong internal and external relationships CPA required Demonstrated analytical and problem-solving skills. Ability to effectively manage multiple tasks simultaneously and adapt to a rapidly changing environment Strong PC background with working knowledge of MS Excel, ERP and financial systems. Proven time management and project management ability. Excellent interpersonal, oral and written communication skills. Desire to work in an exciting, start-up environment that encourages individual growth and excellence. The national pay range for this role is $211,000-$226,000 in base salary. Individual compensation will be commensurate with the candidate's experience aligned with Flex's internal leveling guidelines and benchmarks.
Life at Flex:
We understand that it takes a diverse team of highly intelligent, curious, determined, empathetic, and self aware people to grow a successful company. Our HQ is located in New York City, but we have employees located throughout the US, Australia, Canada and South America. We are growing quickly, but deliberately, with a focus on building an inclusive culture. Our dynamic team has incredible perspectives to share, just as we know you do, and we take great pride in being an equal opportunity workplace.
We offer many employee benefits. For full time, U.S. based employees we offer:
Competitive pay 100% company-paid medical, dental, and vision 401(k) + company equity Unlimited paid time off with a PTO minimum + 13 company paid holidays Parental leave Flex Cares Program: Non-profit company match + pet adoption coverage Free Flex subscription For full time non-US employees, we offer
Competitive Pay Company Equity Unlimited PTO
About the role
As the Director of Technical Accounting you'll be responsible for maintaining the accuracy and integrity of Flexible Finance and its subsidiaries' financial accounting in accordance with Generally Accepted Accounting Principles (US GAAP). Reporting directly to the Vice President of Accounting, this role leads the strategic direction of the technical accounting team and acts as the company's expert on technical accounting issues. You'll work closely with the business accounting team, Strategic Finance, Treasury, and other key functions to provide technical accounting guidance and ensure accurate transaction reporting in the company's consolidated financial statements. What you'll do
Responsible for technical accounting research and implementation strategy by reviewing proposed accounting standards and determining the potential impact to the Company. Collaborate cross functionally with key stakeholders and provide technical accounting guidance on new business initiatives such as contracts, transfer pricing and new business revenue streams Lead the preparation and update of accounting policies through development of the Company accounting policy manual Maintain the controls framework by staying informed with new FASB announcements and regulatory guidelines as they relate to the Fintech sector Review and document complicated accounting issues and make recommendations for appropriate treatment Partner with the VP of Accounting in executing consolidated financial statement external audits and quarterly reviews if applicable Provide training to accounting department team members related to accounting policies and new accounting standards Lead the preparation of accounting transaction memos detailing significant transactions. Partner with VP of Accounting to ensure accounting and financial reporting process risks have been identified, assessed and documented in accordance with SOX requirements. Key qualifications Bachelor's degree (B. A) in Accounting 10+ years accounting experience with Fintech or Big 4 CPA firm required Experience with IPO a plus Strong working knowledge FASB codification as it relates to ASC 606, ASC 842 & ASC 718 for financial market instruments/products Proven self-starter with a strong sense of ownership, communication and analytical business acumen Proficiency in GAAP accounting and financial statement preparation, including month-end and year-end close process Track record of driving transformation and efficiencies in controls and accounting systems Experience managing teams and fostering strong internal and external relationships CPA required Demonstrated analytical and problem-solving skills. Ability to effectively manage multiple tasks simultaneously and adapt to a rapidly changing environment Strong PC background with working knowledge of MS Excel, ERP and financial systems. Proven time management and project management ability. Excellent interpersonal, oral and written communication skills. Desire to work in an exciting, start-up environment that encourages individual growth and excellence. The national pay range for this role is $211,000-$226,000 in base salary. Individual compensation will be commensurate with the candidate's experience aligned with Flex's internal leveling guidelines and benchmarks.
Life at Flex:
We understand that it takes a diverse team of highly intelligent, curious, determined, empathetic, and self aware people to grow a successful company. Our HQ is located in New York City, but we have employees located throughout the US, Australia, Canada and South America. We are growing quickly, but deliberately, with a focus on building an inclusive culture. Our dynamic team has incredible perspectives to share, just as we know you do, and we take great pride in being an equal opportunity workplace.
We offer many employee benefits. For full time, U.S. based employees we offer:
Competitive pay 100% company-paid medical, dental, and vision 401(k) + company equity Unlimited paid time off with a PTO minimum + 13 company paid holidays Parental leave Flex Cares Program: Non-profit company match + pet adoption coverage Free Flex subscription For full time non-US employees, we offer
Competitive Pay Company Equity Unlimited PTO