Accounting Operations Senior at Lightspark

Los Angeles, California, United States

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$114,000 – $134,000Compensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Payments, CryptocurrencyIndustries

Requirements

4+ years of accounting experience, preferably in corporate accounting/controllership or experience at a Big 4
Prior experience in a fintech, payments, crypto, or high-growth startup environment strongly preferred
Bachelor’s degree in Accounting, Finance, or related field (CPA preferred)
Solid knowledge of US GAAP
Experience with crypto asset accounting is a plus; enthusiasm for the industry is essential
Proficiency with accounting systems (e.g., NetSuite or similar) and Excel/Google Sheets
Ability to translate accounting concepts and accounting policies into clear, actionable insights for both financial and non-financial stakeholders
Strong attention to detail, organization, balancing multiple priorities in a fast-paced environment while also driving process improvements
Strong interpersonal and communication skills, with the ability to work cross-functionally and influence at all levels

Responsibilities

Own the monthly financial statement close process in assigned areas, ensuring accuracy, timeliness, and compliance with US GAAP
Support the preparation of monthly, quarterly, and annual financial statements and the financial statement audit
Oversee Order to Cash (Revenue/AR) and Procure to Pay (P2P)
Oversee external team to manage vendor onboarding, invoice processing, and payment cycles
Reconcile vendor statements and resolve discrepancies
Oversee customer invoicing, collections, and cash application, including working directly with the engineering team on billing systems
Partner with business teams to streamline billing and collections processes
Prepare and review journal entries, account reconciliations, and variance analyses, as necessary
Key responsibilities within the annual budget process
Identify, develop, document, and implement key accounting policies, internal controls, and best practices to enhance operational efficiency and compliance
Be a key contributor on accounting related special projects
Identify and drive automation opportunities to increase efficiency
Provide clear, data-driven responses to financial inquiries from internal and external stakeholders, ensuring alignment and transparency
Work cross-functionally to define and implement system requirements that support financial and accounting operations

Skills

Key technologies and capabilities for this role

US GAAPFinancial CloseProcure to PayOrder to CashAccounts ReceivableAccounts PayableFinancial StatementsAudit SupportVendor Onboarding

Questions & Answers

Common questions about this position

What is the salary range for the Accounting Operations Senior position?

The salary range is $114K - $134K.

Is this role remote or onsite, and where is it located?

This position is based onsite at our offices in Culver City, Los Angeles.

What key skills and experience are required for this role?

The role requires experience managing Procure to Pay (P2P) and Order to Cash (O2C) cycles, knowledge of US GAAP, account reconciliations, journal entries, and a proactive mindset with adaptability in a fast-paced startup environment.

What is the company culture like at Lightspark?

Lightspark values boundless optimism, a proactive and solution-oriented mindset, adaptability, ownership, a 'can-do' attitude, and thriving in a fast-paced startup environment while working cross-functionally.

What makes a strong candidate for this Accounting Operations Senior role?

Strong candidates are detail-oriented yet proactive in improving processes, self-sufficient in driving results, experienced in accounting principles for scaling operations, and eager to embrace new tools and automation in a startup setting.

Lightspark

Facilitates Bitcoin transactions via API and SDKs

About Lightspark

Lightspark focuses on facilitating Bitcoin transactions for businesses by providing an API and Software Development Kits (SDKs) that integrate with the Lightning Network. This technology allows for faster and cheaper cross-border payments by identifying efficient routes for transactions. Unlike competitors, Lightspark's service-based model enables businesses to leverage Bitcoin without needing deep technical expertise. The goal is to streamline payment processes, making them more efficient and cost-effective.

Los Angeles, CaliforniaHeadquarters

2022Year Founded

$1.3MTotal Funding

SEEDCompany Stage

Fintech, Crypto & Web3Industries

51-200Employees

Risks

Increased competition from fintech companies like Strike and OpenNode.

Regulatory scrutiny in the US and EU could impact cryptocurrency transactions.

Technological vulnerabilities in the Lightning Network may affect Lightspark's reputation.

Differentiation

Lightspark offers a robust API and SDKs for Bitcoin integration on the Lightning Network.

The company provides a dashboard for tracking and managing Bitcoin transactions efficiently.

Lightspark's Universal Money Address (UMA) enhances global payment solutions for businesses.

Upsides

Partnerships with Bitso and Foxbit expand Lightspark's reach in Latin America.

Introduction of Spark and UMA boosts Lightspark's product offerings and market appeal.

Strategic expansion into Africa with Yellow Card highlights growth in emerging markets.

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