Accounting Policy Manager, SoFi
$96-180k
+ Bonus + long term incentive
Mobile & online personal finance services
Be an early applicant
Mobile & online personal finance services
1001+ employees
Be an early applicant
$96-180k
+ Bonus + long term incentive
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- 6+ years of relevant experience in public accounting or a combination of public and industry. Financial services and/or software & technology industry experience preferred
- Bachelor's degree in Accounting, Finance, or related field
- CPA certification
- Strong knowledge of US GAAP and SEC regulations and research proficiency in the applicable literature required. IFRS and bank regulatory experience preferred
- Excellent problem-solving skills and the ability to digest complex information quickly
- Experience reading and analyzing legal agreements, such as sale agreements, revenue contracts, and financial instruments
- Keen attention to detail and strong analytical skills
- Exceptional written and verbal communication skills, including the ability to present accounting concepts and principles to non-accountants
- Ability to manage multiple projects in a fast-moving environment
- Experience with accounting and project management applications preferred (e.g., Microsoft Excel, Jira, Workday, Workiva)
What the job involves
- SoFi is searching for an Accounting Policy Manager with strong technical accounting experience to support the Company’s accounting policy function
- The Accounting Policy Manager will be responsible for supporting the documentation of technical accounting conclusions as well as the development and maintenance of the company’s accounting policies
- This individual will work closely with the finance and legal teams as well as with other teams within the controllership organization to ensure compliance with applicable technical accounting and regulatory standards
- Your deep understanding of accounting principles, regulatory requirements, and industry practices will be instrumental in providing timely guidance to the business in planning transactions, programs, and products
- You will also collaborate within the controllership organization to ensure accurate implementation and documentation of technical accounting decisions
- This position will report to the Accounting Director, Policy and M&A, and will be part of the SEC Reporting & Policy Controllership team
- The right candidate will have technical accounting experience across a range of topics, including loan sales, securitizations, consolidation, and revenue recognition, paired with a background in financial services and/or software & technology
- The Accounting Policy Manager will also have strong communications skills, including drafting technical memos and presenting relevant accounting considerations to cross-functional audiences
- Research complex accounting issues at deal speed to support the Company’s development of new programs, including providing insight into accounting principles and conducting industry benchmarking
- Document technical accounting conclusions for significant accounting matters as they arise, including large transactions and new/amended products or programs
- Support the preparation and review of financial statements and disclosures, particularly with respect to significant accounting matters and changes in accounting standards
- Develop, maintain, and update accounting policies
- Monitor standard-setting and rule-making activities by the FASB, SEC, and other regulators. Support impact assessments and implementation of changes
- Collaborate with internal and external auditors to facilitate smooth audits and procedures
- Support special projects as needed, including mergers and acquisitions, process improvement and development, and systems implementations
Our take
SoFi started by offering ways for students to secure better financial terms on their loans, and now offers a huge range of personal finance products, including bank accounts, loans, mortgages, investment advice, and investment opportunities. Many customers find they have to go to multiple financial service providers to meet all their finance needs, but SoFi overcomes this issue by putting it all in one place.
Its goal, to cover all the financial bases, sets them apart from many of the traditional banks and even some of their digital competitors, such as Avant, which has chosen to focus on providing credit alternatives. Although it is operating in a competitive market with a lot of big players such as Monzo, Revolut, and Starling, the company has managed to raise huge amounts of funding to support its rapid expansion.
SoFi has focussed on global expansion, moving outside the US, and has made a series of acquisitions to support this - including a Hong Kong-based investment app called 8 Securities. After going public on the New York Stock Exchange via a SPAC merger in June 2021, the company has continued to evolve and release more mission-oriented services into its roster, and strengthened its lending capabilities through a $350 million post-IPO loan. To date, the company has sold over $15 billion in personal loan collateral and continues to strengthen its offering.
Kirsty
Company Specialist
Insights
Few candidates hear
back within 2 weeks
7% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Jan 2021
$369.9m
LATE VC
May 2019
$500m
GROWTH EQUITY VC
Total funding: $2.7bn
Company benefits
- Comprehensive health, vision, dental, life insurance, and disability benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs, up to $5,250 per year
- Monthly contribution up to $200 to help you pay off your student loans
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
- Flexible time off
- Fertility and family planning options
- Free financial classes
Company values
- Put our member's interests first – if we take care of our members' interests, it will best serve our interests.
- Run after problems – we must build a culture of people who run after problems in order to ensure we execute with excellence and “things” do not fall through the cracks.
- Embrace diversity, everyone should feel welcome, included and able to contribute – diversity is a differentiator and our team should reflect society. We should continue to encourage and celebrate diversity.
- Get to the truth and make principle-based decisions – we can only make the best decisions if we have the right data, all of the perspectives, and if we align on the guiding principles.
- Make your footprint bigger than your foot – selfless acts are critical to elevate beyond the impact of our collective individual efforts.
- Do the right thing, if you're not sure, do the harder thing – our business is built on trust and integrity, which requires both adhering to the letter of the law and regulations and doing the right thing for the company and our members..
- Set ambitious goals, be gritty, be accountable - we must hold ourselves and others accountable for delivering our business objectives, for our culture, and for our member.
- Take care of other people and help them grow - our people are our greatest differentiator, if we take care of our people, they will take care of our members.
- Iterate, learn, innovate - we are all responsible for innovation and we must embrace data-driven decisions.
- Be SoFi missionaries - our products, our services, our brand, and our business must be durable over the long term to achieve our mission—be a missionary.
- Don’t forget to smile - our ambition is contagious: it makes us smile to see people inside and outside of SoFi succeed.
Company HQ
The East Cut, San Francisco, CA
Articles
Leadership
Anthony Noto
(CEO)Graduated from the U.S. Military Academy after being a telecommunications officer and captain in the U.S. Army. Has worked as Head of Gobal Telecommunications, Media and Technology at Goldman Sachs, been the COO of Twitter, and also the CFO of the National Football League.
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