Loop

Senior Accountant

New York, New York, United States

Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Finance, AccountingIndustries

Requirements

Candidates should possess a Bachelor's Degree in Accounting, Finance, or Business Administration, with a CPA being a plus. A minimum of 4 to 6 years of experience in full-cycle accounting, ideally within a software or subscription-based business, is required. Proficiency in applying U.S. GAAP standards and audit concepts is essential, along with experience using ERP systems like NetSuite and CRM platforms such as Salesforce. Familiarity with revenue automation tools and a demonstrated interest in leveraging AI and automation technologies for process improvement are also important.

Responsibilities

The Senior Accountant will manage monthly, quarterly, and annual close processes, including preparing journal entries and reconciliation schedules in accordance with US GAAP. Responsibilities include reviewing customer contracts, applying ASC 606 revenue recognition policies, managing multi-element subscriptions revenue, and reconciling deferred revenue and unbilled receivables. The role involves partnering with RevOps to align CRM and billing platforms with accounting policies, leading automation and system implementations for revenue processes, and serving as a subject matter expert on ASC 606 and SaaS revenue accounting. Additionally, the Senior Accountant will analyze monthly financial results and variances, manage the procure-to-pay process, monitor employee T&E expenses, assist in defining and improving internal controls and policies, contribute to accounting system enhancements, and support the annual audit process. Ad-hoc analysis and projects for finance teams will also be part of the role.

Skills

US GAAP
Revenue Recognition
Financial Reporting
Accounting Operations
Monthly Close
Quarterly Close
Annual Close
Journal Entries
Reconciliation

Loop

Simplifies payments with advanced technology.

About Loop

The company's main product simplifies payments in a complex industry, utilizing advanced technologies to streamline the process.

San Francisco, CaliforniaHeadquarters
2021Year Founded
$63.2MTotal Funding
SERIES_BCompany Stage
Data & Analytics, Automotive & Transportation, Enterprise SoftwareIndustries
11-50Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Professional Development Budget
Physical and Mental fitness subsidies
Commuter Benefits

Risks

Increased competition may pressure Loop's market share and pricing.
Regulatory changes in Saudi Arabia could impact Loop's operations.
Cybersecurity threats pose risks to Loop's reputation and customer trust.

Differentiation

Loop's platform streamlines shipment document capture and invoice matching efficiently.
Partnerships with major players like J.P. Morgan enhance Loop's market credibility.
Loop's expansion into Saudi Arabia showcases its global reach and adaptability.

Upsides

AI integration boosts Loop's invoice matching accuracy and fraud detection.
Blockchain technology offers Loop enhanced transparency and security in payments.
IoT growth allows Loop to provide real-time tracking and analytics services.

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