Senior Accountant at Promise

Oakland, California, United States

Promise Logo
$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

Month End Close
ASC 606
Revenue Recognition
Accounts Receivable
Accounts Payable
Payroll
Financial Reporting
Accounting Processes
Internal Controls

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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