Accounting and Financial Operations Lead, Step

$175-225k

Offers stock in early stage startup

Expert level
Remote in US
San Francisco Bay Area
Step

Mobile banking for teens

Open for applications

Step

Mobile banking for teens

201-500 employees

FintechB2CCryptocurrencyBankingInvestingFinancial ServicesMobile

Open for applications

$175-225k

Offers stock in early stage startup

Expert level
Remote in US
San Francisco Bay Area

201-500 employees

FintechB2CCryptocurrencyBankingInvestingFinancial ServicesMobile

Company mission

To create a bank that gives users the tools to become smarter with their money and reward them along their financial journey.

Role

Who you are

  • 10+ years of relevant public accounting and/or private industry experience
  • CPA or equivalent
  • Proven experience in the monthly close process and exposure to accounting systems and understands how to drive automation and efficiency in these processes
  • Strong analytical skills and cares deeply about getting things right
  • A demonstrated track record of successfully managing cross-functional initiatives, partnering effectively with technical teams
  • Fluency with U.S. GAAP and the ability to prepare relevant technical accounting memos
  • Excellent project management, communication and organizational skills
  • Demonstrated experience with internal controls
  • Ability to be flexible and comfortable with changing requirements

Desirable

  • SQL experience
  • Knowledge of and/or experience in the banking and payments industry

What the job involves

  • Step is seeking an Accounting leader to lead a world class accounting and finance operations team. You will be responsible for taking the company through its first financial audit process, and building a team from the ground up to support the fast growing, dynamic Step business
  • You will also be responsible for improving our internal processes and controls, and partnering with our product, engineering and data teams to develop the systems and infrastructure to scale efficiently
  • Design and build scalable accounting processes and controls to support the growth our current products and upcoming launches
  • Hire and manage the accounting and financial operations team
  • Lead cross-functional initiatives and communicate progress effectively with senior leadership
  • Partner with the rest of the Finance organization to support existing products and services and build new accounting processes for new products and services
  • Own the financial statements and end to end close process – this includes driving an efficient monthly close, building balance sheet reconciliations, flux analysis, financial statement preparation and reporting deliverables
  • Develop and drive the annual audit process through coordination of key timelines, deliverables and final reporting packages
  • Define and implement key accounting systems required to drive automation and support the growth of the company
  • Partner with product, engineering, and data teams to support the automation of accounting processes and the development of internal tools, as needed
  • Own technical accounting analysis, including the preparation of accounting memos and assessment of complex accounting processes
  • Maintain up-to-date accounting policies and procedures

Our take

Thanks to an increasingly mobile-native and plugged-in younger demographic, fintechs have a new market to play for: children and young adults. It’s led to a fierce competition, but Step is one of the players leading the pack.

Step’s offering is a fee-free, interest-free visa card, with instant payments and easy account management that is optionally controlled by a parent (or sponsor). The idea is to offer a relatively low-risk sandbox in which teens can build up financial literacy along with a good credit score, whilst enjoying the benefits of digital banking.

The well-funded teen banking service Copper is hot on Step’s heels, however, with both racing to add high-demand stock and crypto investments to their offerings. Onu and Acorns also offer investment opportunities for younger users, and Greenlight has carved out a strong (albeit more traditional) niche focusing on account security.

Some savvy TikTok marketing by Step, along with flashy backing from celebrity investors, has helped it rapidly onboard over 3 million users and cultivate strong name brand recognition among its social network-native demographic. Much depends on how fast it can bring new features to market, but with unprecedented funding awarded to Step in 2022, Step is well equipped to do so through a scale-up of its product infrastructure.

Freddie headshot

Freddie

Company Specialist

Insights

Top investors

Few candidates hear
back within 2 weeks

10% employee growth in 12 months

Company

Funding (last 2 of 4 rounds)

Apr 2021

$100m

SERIES C

Dec 2020

$50m

SERIES B

Total funding: $176.3m

Company benefits

  • 100% paid Medical and Dental Benefits
  • 401k Retirement Plan
  • Catered Meals and Fully Stocked Kitchen
  • Competitive Salary and Monthly Step Card Stipend
  • Flexible WFH and Vacation Policy
  • Stock Options

Company values

  • Customer first - Build products that better our customer’s financial journey, always putting them and their security first
  • Trustworthy - Honest, trustworthy and fair. Strong moral principles. Be accountable
  • Driven - Move forward quickly with precision and purpose. Be disciplined. Iterate and improve

Company HQ

Downtown North, Palo Alto, CA

Leadership

Originally worked in senior Sales and Business Development roles at Synapse, LiveOps, and Luminate, the latter of which was acquired by Yahoo. Subsequently co-founded Gyft, ultimately acquired by First Data.

Previously a Software Engineer at Microsoft and Google, before moving into a Senior Engineer role at Square. Left to serve as CTO for Token.

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