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Accounting Lead

Company: Parafin
Location: San Francisco
Posted on: January 27, 2023

Job Description:

Location San Francisco Type FullTime Department Finance About Us:At Parafin, our mission is to grow small businesses. Small businesses are the backbone of our economy, yet banks do not have their back. Parafin is a technology company that builds infrastructure which enables small businesses to get easy access to financial services via platforms they sell on.Parafin's first product offers capital-as-a-service for online platforms. Parafin currently powers the capital programs of platforms ranging from Series B to post IPO companies. We are a tight knit team of engineers and designers, coming from organizations such as Robinhood, Affirm, CapitalOne, Uber and CERN, excited both about helping hundreds of thousands of small businesses grow and thrive, and building products that leaders at top companies have started to use every day. We are backed by prominent venture capitalists such as Ribbit Capital, Thrive Capital, Index Ventures, Green Oaks Capital and SV Angel. About the Position We are looking for an Accounting Leadwho can play a dynamic role in managing aspects of the operational accounting, technical accounting, financial reporting, and treasury functions for our SMB fintech. The Accounting Lead will be a critical enabler of the Company's growth, driving efficiency across the Company's accounting processes which will enable us to report accurate and complete financial data to our stakeholders in a timely manner as we continue to scale. We're not only responsible for maintaining accurate books and records for financial reporting, but we're passionate about automation and partner closely with the engineering team to implement technological improvements.As the Accounting Lead, you will be exposed to a variety of areas, including but not limited to our MCA product, charge card, cash movements, account reconciliations, development of technical accounting policies, designing financial controls, optimizing our month-end close and financial reporting processes, and more. As the Accounting Lead, you will work cross-functionally within a detail-oriented environment where creative problem-solving is highly valued. The Accounting Lead is expected to manage multiple priorities concurrently without compromising quality.Are you an operational problem solver excited to work collaboratively at a fast-growing startup to help grow small businesses? If so, come join us! What You'll Be Doing:

  • Play a key role in building out the company's accounting infrastructure and foundational systems
  • Prepare technical accounting memos for revenues, equity transactions, credit losses, consolidation and other relevant topics
  • Partner with the Head of Accounting to develop and document internal controls for the Company's core products and systems
  • Manage the reserves for loan losses related to the Company's lending business and oversee the implementation and maintenance of CECL accounting standard
  • Oversee and manage the day-to-day accounting processes for Parafin and its subsidiary
  • Work with the Company's internal product and engineering teams to understand any potential changes in the product suite and their effect on the accounting data and processes
  • Partner with the Head of Accounting on projects such as establishing processes to identify software development costs eligible for capitalization, R+D studies, state nexus studies and researching implications of doing business in new jurisdictions.
  • Identify and partner with engineering to design and implement technological solutions for process automation
  • Drive the month end close with preparation and review of journal entries, reconciliations and variance analytics
  • Support external audit and miscellaneous reporting requirements What We're Searching For:
    • Strong understanding of US GAAP - specifically as it relates to lending and technology companies
    • Excellent communication skills and the ability to work with both technical and nontechnical partners.
    • Ability to examine and verify financial documents, reports, and transactions; research and analyze accounting transactions; verify the accuracy of data; reconcile financial data and accounts
    • Experience implementing and using financial software (e.g., Quickbooks, NetSuite)
    • You care deeply about the quality and correctness of your work.
    • You take initiative and can own and drive large projects independently.
    • You have strong analytical skills and are comfortable managing competing and shifting priorities.
    • You are excited about working on a small team and setting the foundations for data science at Parafin.
    • Excited by our mission and the challenge of working in a dynamic start-up environment We Prefer If You Have:
      • Experience working at a traditional or fintech lending focused organization
      • Experience working in a high growth organization on a scaling team
      • 3+ years of work experience - preferably both Big 4 and private industry experience with a lending background
      • Fluency in (or desire to learn) data analysis skills and tools, such as SQL / Python / Alteryx / Looker What We Offer
        • Salary Range: $165k - $185k
        • Equity grant
        • Medical, dental & vision insurance
        • Unlimited PTO & work from home flexibility
        • Commuter benefits
        • Free lunches
        • Paid parental leave
        • 401(k)
        • Employee assistance programIf you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please contact us.PI202144344

Keywords: Parafin, San Francisco , Accounting Lead, Other , San Francisco, California

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