Corporate Finance and Investor Relations Manager, Wattpad
WEBTOON
$120-150k
Platform for sharing original writing
Be an early applicant
Platform for sharing original writing
1001+ employees
Be an early applicant
$120-150k
1001+ employees
Company mission
Wattpad's mission is to create a world where everyone's story can be heard, and anyone can belong.
Role
Who you are
- Bachelor’s degree in Accounting
- 1-3 years of relevant experience
- Strong grasp of US GAAP accounting requirements, Reg S-K, and Reg S-X
- Strong technical accounting reporting experience including experience writing technical accounting memos
- Experience using Active Disclosure
- Previous public company financial reporting experience
- Highly detail-oriented, organized, and able to meet multiple deadlines
- Excellent cross-functional collaboration and communication skills
- Proven analytical and problem-solving skills, including data analysis in MS Excel
- Ability to multitask and handle multiple projects simultaneously in a fast-paced, quickly changing production environment
- CPA certification preferred
- Experience in US public company investor relations (IR) is a plus
- Proficiency in both English and Korean is an advantage
What the job involves
- Reporting to the Head of IR and Corporate Finance, the Corporate Finance and IR Manager will be responsible for significant contributions to both the financial reporting and investor relations functions at WEBTOON Entertainment
- This dual-focused role is initially split 50/50 between Corporate Finance and Investor Relations, offering the opportunity to transition into a full Corporate Finance Manager role upon the future hiring of a dedicated Investor Relations Manager
- The ideal candidate will provide essential support to both corporate finance initiatives and investor relations activities, with a particular emphasis on the financial aspects of IR
- Key player in the SEC reporting process, including preparing sections of the 10-Q’s, 10-K’s and 8-K’s, effectively utilizing Active Disclosure software
- Review and Double check monthly consolidation process with to prepare consolidated financial statements including balance sheet, income statement, statement of cash flows and statement of stockholders’ equity, including post-close adjustments as necessary for accurate financial reporting with Consolidation team in Korea
- Ensure completion of supporting documentation for footnote disclosures, periodic disclosures, and audit support, including disclosure checklist
- Perform monthly and quarterly analysis on stock compensation, profitability and earnings per share to ensure compliance with the relevant guidance
- Perform technical accounting research regarding new pronouncements and accounting issues that impact the business and prepare technical accounting memos regarding appropriate accounting treatment (e.g. debt, hedges, leases)
- Ensure Sarbanes-Oxley requirements are met for relevant areas (e.g., disclosure, stock compensation, equity accounting)
- Liaison with external and internal auditors to assist in meeting audit and review requests
- Work with the Director of Financial Reporting to ensure press release and quarterly earnings messages are consistent with other financial reports
- Address investor inquiries, particularly those related to company financials and requests, promptly and consistently, ensuring the accuracy and confidentiality of publicly available information
- Build strong working relationships with key personnel across various business units within the company
- Participate in the completion of various projects and initiatives, including new systems, processes, and structure changes, that arise as the company expands its operations
- Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job
Our take
Content is king and Wattpad has managed to turn create a platform that aggregates the most loved original writing content in the world, turning the traditional publishing industry on its head.
Where authors used to submit drafts to dozens of publishing houses in the hope of getting some eyeballs on their work, Wattpad opened up the process to millions of young authors by letting them easily submit their work, and fostering a community around their software that offers feedback and help.
The e-reading platform is now looking to double down on its strategy of taking its user-generated fiction and turning it into successful intellectual property upon which original series and movies can be based. However a significant challenge for Wattpad is in producing original, marketable content from its platform given the popularity of fanfiction, stories which are based on existing intellectual property.
Another challenge for Wattpad is the current economic conditions which have affected much of the tech sector and are not sparing digital publishing. Having shelved bold plans for the future it also laid off 15% of its workforce in March 2023. Having realigned for its current business needs however, it is now well placed to weather the current market downturn.
Freddie
Company Specialist
Insights
Few candidates hear
back within 2 weeks
3% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Jan 2018
$51m
LATE VC
Apr 2014
$46m
SERIES C
Total funding: $117.8m
Company benefits
- Full health benefits
- Career development & Mentorship opportunities
- RRSP matching
- Generous parental Leave top-up
- Flexible hours
- Regular hackathons
- Healthy snacks & drinks
- Your choice of hardware
- Monthly work-from-home allowance
- Beautiful offices in Toronto and Halifax
- Easy access to transit
Company values
- UserObsessed- We make every decision by stepping into our users’ shoes
- Inclusive - We help everyone belong
- Trailblazer - We push ourselves on how we think and how we act
- BuildItForward - We’re always building a foundation for tomorrow
- PlayToWin - We’re driven to lead the pack
- Resourceful -We make the most of every minute and every dollar
- TeamWork - We do what’s best for the greater good
Company HQ
St. Lawrence, Toronto, ON
Articles
Leadership
Allen lau
(CEO)Lau attended University of Toronto where he earned his bachelor's degree in electrical engineering followed by a master's in the same subject. Thereafter he briefly worked as a software engineer for Brightspark before founding his first notable company, Tira Wireless, a mobile development startup. He is also the co-founder of Two Small Fish Ventures, a fund that invests in Toronto and Waterloo-based early-stage internet companies with strong network effects.
Ivan Yuen
(CSO)Prior to Wattpad, Ivan co-founded FeedM8 and served as the company’s CTO. Before that he was one of the first employees of Tira Wireless, where he helped grow the technical team and developed new and emerging wireless technologies. Ivan graduated from the University of Waterloo with a degree in Computer Engineering and also earned an MBA from the Rotman School of Management.
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