Senior Accountant at Promise

Oakland, California, United States

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$140,000 – $160,000Compensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

GovTech, SaaSIndustries

Requirements

Bachelor’s degree in accounting or finance
Excellent working knowledge of US GAAP
Proven Senior Accountant level experience within a SaaS environment, ideally in a Series B or larger startup
Strong capabilities in using financial software and platforms, with a particular proficiency in Google Sheets
Proven ability to perform efficiently with a high level of detail and accuracy
Excellent communication skills to effectively collaborate with internal teams and stakeholders, ensuring clear understanding and implementation of financial policies and strategies

Responsibilities

Execute monthly and yearly close activities, including preparation and/or review of journal entries, account reconciliations, flux analysis, and financial reporting package
Perform comprehensive accounting activities across order to cash, payroll, accounts payable, and GL management processes to ensure accuracy and timeliness in financial reporting
Research and apply technical accounting guidance on the treatment of transactions, particularly related to revenue recognition, expenses and capitalized software, and assist with related financial reporting requirements
Prepare for and assist with annual financial audits, ensuring compliance with accounting standards and regulatory requirements
Support cash flow and income statement forecasting through preparation of inputs and analysis
Help maintain accounting policies, controls, and procedures by documenting processes and ensuring compliance with company standards
Ensure adherence to internal financial controls and processes, and maintain compliance with financial policies and guidelines
Support the research, implementation, and documentation of new and evolving accounting standards for company compliance
Lead or participate in various special projects, such as system upgrades, process improvements, and new business initiatives
Collaborate with cross-functional teams to support business initiatives, and ensure alignment with financial reporting goals

Skills

Key technologies and capabilities for this role

Month End CloseASC 606Revenue RecognitionAccounts ReceivableAccounts PayablePayrollFinancial ReportingAccounting ProcessesInternal Controls

Questions & Answers

Common questions about this position

What is the salary range for the Senior Accountant position?

The salary range is $140K - $160K.

Is this a remote, hybrid, or in-office role?

This is a hybrid position.

What key responsibilities and skills are required for this role?

The role requires executing monthly and yearly close activities including journal entries, reconciliations, flux analysis, and financial reporting; handling order to cash, payroll, AP, and GL processes; applying technical accounting guidance especially on ASC 606 revenue recognition; and assisting with audits and forecasting.

What is the company culture like at Promise?

Promise has a team of experts from companies like Palantir, Google, and Stripe, along with government leaders; they work hard, believe deeply in their mission to modernize public systems, and are building innovative technology in a well-funded Series B SaaS environment.

What makes a strong candidate for the Senior Accountant role?

Strong candidates will have expertise in month-end close processes, ASC 606 revenue recognition compliance, financial reporting, audits, and establishing efficient accounting controls, particularly in a scaling SaaS company.

Promise

Software solutions for government-citizen interactions

About Promise

Promise offers software solutions that improve how governments interact with their citizens, focusing on aid distribution and rebate systems. Their technology helps identify vulnerable community members and streamline income verification, increasing access to benefits while reducing fraud. The PromisePay Platform provides affordable payment options for low-income households facing public services debt. The company aims to create a respectful and efficient relationship between governments and citizens, ensuring everyone can access necessary resources.

Oakland, CaliforniaHeadquarters

2017Year Founded

$46.8MTotal Funding

SERIES_BCompany Stage

Data & Analytics, Government & Public Sector, Social ImpactIndustries

51-200Employees

Risks

Competition from fintech companies could erode Promise's market share.

Changes in government policies may impact demand for Promise's services.

Economic downturns could reduce funding for programs Promise supports.

Differentiation

Promise partners with utilities and government agencies for flexible payment options.

The company uses advanced technology for quick and reliable income verification services.

Promise's solutions are SOC 1, SOC 2, and PCI-DSS compliant, ensuring high security.

Upsides

Increased adoption of digital payment solutions boosts demand for PromisePay.

AI-driven outreach methods enhance customer engagement in the public sector.

Focus on data privacy aligns with Promise's security compliance, increasing client trust.

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