Acorns

Acorns Corporate Job Template

Remote

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries

Position Overview

  • Location Type: Remote (with optional access to office in Irvine, CA)
  • Job Type: Full-Time
  • Salary: Not specified

Acorns is seeking a Senior Financial Reporting & Technical Accountant. This role focuses on preparing financial reports, ensuring compliance with GAAP, and researching complex accounting issues. The position involves collaborating with external auditors and third-party consultants. Acorns is a remote-first organization committed to financial wellness for its customers.

Requirements

  • Strong understanding of Generally Accepted Accounting Principles (GAAP)
  • Experience preparing financial statements and disclosures
  • Ability to conduct technical accounting research and draft memos
  • Excellent documentation skills
  • Strong analytical and problem-solving skills
  • Collaboration skills for working with external auditors and consultants

Responsibilities

  • Develop a deep understanding of Acorns’ products, business model, and financial landscape.
  • Prepare monthly financial reporting packages and support the creation of quarterly and annual financial statements.
  • Conduct technical accounting research and determine appropriate accounting treatment for complex transactions and new GAAP standards.
  • Ensure compliance with disclosure requirements through detailed checklists and thorough documentation.
  • Collaborate with external auditors during annual reviews.
  • Partner with third-party consultants on valuations and other key initiatives.

Company Information

  • Company: Acorns
  • Mission: To look after the financial best interests of the up-and-coming, beginning with the empowering, proud step of micro-investing.
  • Values:
    • Lead With Heart
    • Make Bold Decisions
    • Always Build Trust
    • Never Stop Growing
    • Find a way - Never settle, no excuses, nothing is impossible. Just make it happen.
  • Location: Remote-first organization (with optional access to office in Irvine, CA)

Skills

GAAP
Financial Statements
Technical Accounting Research
Accounting Memos
Documentation
Analytical Skills
Problem-Solving
Collaboration

Acorns

Micro-investing platform for everyday users

About Acorns

Acorns simplifies investing for everyday people, particularly those new to investing or preferring a hands-off approach. Its main product is a micro-investing platform that allows users to invest spare change from everyday purchases. For instance, if a user buys a coffee for $2.50, Acorns rounds up the purchase to $3.00 and invests the $0.50 difference. This makes investing accessible for those without large sums to invest upfront. Acorns also offers retirement accounts, checking accounts, and educational resources to help users make informed financial decisions. Unlike many competitors, Acorns operates on a subscription model, charging users a monthly fee based on the level of service. The company also partners with brands to provide cashback rewards that are automatically invested into users' accounts. Acorns aims to make investing easy and accessible, helping clients grow their financial knowledge and wealth.

Irvine, CaliforniaHeadquarters
2012Year Founded
$491.2MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
501-1,000Employees

Benefits

Healthcare
401(k)
Equity
Competitive Compensation
Flexible Paid Time Off
Learning & Development
Wellness
Flexible Work Hours
Quarterly Team Outings
Personal Development Plans
Annual Compensation Reviews
Recognition

Risks

Increased BNPL usage among Gen Z may reduce their investment capacity with Acorns.
Unpredictable IPO market could affect Acorns' public offering plans and valuation.
Privacy concerns may hinder adoption of Acorns' payment solution for kids.

Differentiation

Acorns offers micro-investing by rounding up purchases to invest spare change.
Partnerships with Vanguard and BlackRock provide Acorns users access to diversified portfolios.
Acorns collaborates with financial experts like Suze Orman for trusted financial advice.

Upsides

Acorns plans to go public, potentially increasing its market presence and resources.
The 'great wealth transfer' could expand Acorns' user base among younger investors.
Collaboration with Google Wallet targets younger audiences, enhancing long-term customer retention.

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