Senior Accountant, Accounting Operations
OppFiSalary not specified
Full Time
Senior (5 to 8 years)
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Blockchain, Financial ServicesIndustries
Requirements
- BA/BS in Accounting required
- 4-5+ years of relevant work experience in Loan Accounting or similar industry accounting role. Tech startup experience helpful but not required
- Proficiency in Excel required; familiarity with SAGE, Netsuite, WorkDay, Expense Management solutions preferred
Responsibilities
- Record journal entries related to loan activity and perform account reconciliations for a number of loan related accounts ensuring data accuracy, identifying discrepancies, and proposing solutions when needed
- Assist the Manager with workpaper and journal entry reviews and postings
- Evaluate loan accounting workflows to identify opportunities for automation, efficiency, and control enhancements
- Own the monthly close process for the loan portfolio, including balance sheet and P&L accounts
- Prepare and review loan schedules and supporting reconciliations for financial reporting, management analysis, and audit purposes
- Ensure appropriate cut-off, accrual, and amortization entries are posted in accordance with GAAP
- Assist with loan-level analytics to support valuation, impairments, or repurchase requirements
- Develop and update accounting policies and procedures to ensure GAAP compliance and strengthen internal controls
- Own areas of the external audits by preparing and reviewing necessary documentation and leading status updates on respective areas
- Collaborate regularly with cross-functional teams to identify areas for improvement and resolve issues
- Ensure compliance with internal accounting policies and control procedures
- Drive process improvement and design of automation solutions to further streamline real-time financial data for decision making
- Assist Accounting Manager with the accounting assessment and implementation for new loan products, programs, and structures, ensuring compliance with GAAP and proper system setup
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What are the main responsibilities in this Senior Loan Accountant role?
You'll record journal entries for loan activity, perform account reconciliations, own the monthly close process for the loan portfolio, evaluate workflows for automation, and prepare loan schedules for reporting and audits.
What skills or qualities are ideal for this position?
The role requires being driven, detail-focused, taking ownership, thriving in a fast-paced innovative environment, curiosity, eagerness to learn, and experience with loan accounting, reconciliations, GAAP, and process automation.
Is this a remote position or does it require office work?
This information is not specified in the job description.
What is the salary or compensation for this role?
This information is not specified in the job description.
What is the company culture like at Figure?
Figure has a fast-paced, innovative environment with trailblazers transforming financial services, working alongside bright minds in Fintech at a rapidly growing startup.
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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