[Remote] Chief Accounting Officer at Figure

Remote

Figure Logo
Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Blockchain, Capital MarketsIndustries

Requirements

  • 15+ years of accounting experience, including leadership of a publicly traded company’s finance function
  • Minimum of 5 years leading accounting teams in startup or high-growth environments
  • CPA designation preferred with prior public accounting experience
  • Deep technical accounting expertise with thorough knowledge of current GAAP standards
  • Managing a tax department preferred
  • Hands-on experience with accounting and financial reporting systems, including designing and implementing processes
  • Proven track record of implementing and maintaining SOX compliance
  • Strong leadership and mentorship abilities, with a talent for developing and motivating teams
  • Skilled at managing multiple priorities and delivering high-quality results under tight deadlines
  • Proven experience building and scaling accounting teams in a public company setting, and experience leading remote teams is highly preferred

Responsibilities

  • Lead a geographically distributed team covering corporate and product accounting, accounts payable, and technical accounting
  • Oversee all accounting operations, including month-end close, quarterly reporting, and annual audits
  • Establish and maintain strong internal controls and governance practices, continually refining team policies and procedures
  • Manage relationships with external auditors and lead relevant portions of Audit Committee discussions
  • Collaborate closely with the CFO to guide technical accounting decisions and implement company-wide accounting policies
  • Design and maintain a SOX-compliant control framework
  • Identify and implement process and system improvements to enhance efficiency across the accounting function
  • Participate as a key member of the finance leadership team, partnering with the CFO and other executives on strategic and operational priorities
  • Oversee all aspects of Figure’s accounting operations, including technical accounting, financial reporting, and day-to-day accounting processes
  • Manage the financial reporting cycle and maintain strong internal controls in compliance with SoX requirements
  • Lead and develop a high-performing accounting team

Skills

Key technologies and capabilities for this role

Technical AccountingFinancial ReportingSOX ComplianceInternal ControlsAccounting OperationsTeam LeadershipPublic Company AccountingRemote Team Management

Questions & Answers

Common questions about this position

What experience is required for the Chief Accounting Officer role?

Candidates need 15+ years of accounting experience, including leadership of a publicly traded company’s finance function, and a minimum of 5 years leading accounting teams. Proven experience building and scaling accounting teams in a public company setting, and experience leading remote teams is highly preferred.

Is this a remote position or does it require office work?

The role involves leading a geographically distributed team, and experience leading remote teams is highly preferred.

What will the team structure be like under the Chief Accounting Officer?

The CAO will lead a geographically distributed team covering corporate and product accounting, accounts payable, and technical accounting, and is responsible for building and developing a high-performing accounting team.

What are the main responsibilities of this role?

The role includes overseeing accounting operations like month-end close, financial reporting, and audits; establishing SOX-compliant internal controls; managing external auditors; and collaborating with the CFO on technical accounting and process improvements.

What makes a strong candidate for this Chief Accounting Officer position?

A strong candidate combines solid controllership with practical business insight, has experience scaling accounting teams in public companies, leading remote teams, and thrives in a fast-growing, dynamic business environment.

Figure

Blockchain-based home equity lending solutions

About Figure

Figure is a financial technology company that uses blockchain technology to improve financial transactions, specifically in the home equity lending market. It offers products like Home Equity Lines of Credit (HELOCs) and mortgage refinancing, allowing homeowners to access their home equity quickly and efficiently. The application process is fully online, enabling homeowners to receive funds in as little as five days, which is much faster than traditional banks that can take weeks or months. Figure ensures secure and cost-effective transactions through blockchain, and it generates revenue from origination fees and interest on loans, with competitive rates starting at 3.49% APR. Targeting homeowners across various U.S. states, Figure aims to meet the demand for quick access to home equity for purposes like home improvements or debt consolidation.

San Francisco, CaliforniaHeadquarters
2018Year Founded
$406.6MTotal Funding
SERIES_DCompany Stage
Fintech, Crypto & Web3Industries
201-500Employees

Benefits

Health & wellness - Figure pays 100% of premium costs for employees and dependents for medical, dental, and vision insurance (with the exception of costs associated with the buy-up medical plan.)
Continuing education - Figure will reimburse eligible employees for approved continuing education that either offers growth in an area related to his or her current position or that may lead to promotional opportunities.
Flexible time off - We offer 10 company-wide holidays plus one personal holiday, generous Flexible Time Away (FTA), Paid Time Off (PTO), and Paid Parental Leave.
Bonus & stock options - Figure’s Bonus Plan recognizes and rewards eligible employees’ efforts and contributions. Eligible employees are also granted an option to purchase a set number of shares of Figure’s common stock.

Risks

Recent layoffs may indicate financial instability or restructuring challenges.
New piggyback loan product could increase financial risk amid housing affordability issues.
Volatile crypto market could impact Figure's blockchain initiatives.

Differentiation

Figure uses blockchain to offer fast, secure home equity access in five days.
The company provides a fully online application process, unlike traditional banks.
Figure's competitive interest rates start as low as 3.49% APR.

Upsides

Increased blockchain adoption boosts Figure's secure transaction offerings.
Figure Connect taps into the demand for liquid private capital markets.
Michael Tannenbaum's appointment as CEO suggests potential for growth.

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