Hometap

Senior Manager, Corporate Accounting

Boston, Massachusetts, United States

Hometap Logo
$60,000 – $90,000Compensation
Senior (5 to 8 years), Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, AccountingIndustries

Requirements

Candidates should possess a Bachelor’s degree in Accounting or a related field, along with a minimum of 8 years of accounting experience, including at least 5 years in a management role. Strong leadership skills and experience managing accounting teams are essential, as is a thorough understanding of GAAP and US financial reporting standards. Experience with complex accounting systems and processes is also required.

Responsibilities

The Senior Accounting Manager will manage and develop Opco accounting staff, continuously assess and enhance accounting processes and procedures to optimize efficiency and data integrity, complete revenue recognition calculations and invoice counterparties, manage Hometap’s AP system and ensure timely vendor payments, perform all accounting and bookkeeping related to Opco, identify and resolve technical accounting issues, and lead the preparation and presentation of accurate and timely financial statements, including balance sheets, income statements, and cash flow statements.

Skills

GAAP
US Financial Reporting Standards
Revenue Recognition
Accounts Payable (AP)
Financial Statements
Balance Sheets
Income Statements
Cash Flow Statements
Accounting Systems
Leadership
Team Management

Hometap

Provides cash for home equity access

About Hometap

Hometap provides homeowners with a way to access their home equity without selling their property or incurring additional debt. The company offers a lump sum of cash in exchange for a share of the future value of the home, allowing homeowners to unlock up to $600,000 of their equity without monthly payments or interest. Hometap earns revenue by sharing in the appreciation of the home's value when it is sold or when the homeowner repurchases Hometap's share. This approach sets Hometap apart from traditional home equity loans, as it offers a flexible and debt-free solution. The company's goal is to simplify the financial process for homeowners, helping them achieve their financial objectives, such as paying off debt or funding education, while maintaining a high level of customer service.

Key Metrics

Boston, MassachusettsHeadquarters
2017Year Founded
$405.6MTotal Funding
DEBTCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees

Benefits

401k plan with match
Commuter benefits
Healthcare coverage
Flexible work schedule
Paid parental leave
Unlimited PTO
Learning & development
Generous share package

Risks

Rising interest rates may make traditional loans more appealing.
Increased competition from fintechs could erode market share.
Potential regulatory changes could impact Hometap's business model.

Differentiation

Hometap offers debt-free home equity access, unlike traditional loans.
The company provides a lump sum for a share of future home value.
Hometap's Home Equity Dashboard aids homeowners in managing their equity.

Upsides

Growing interest in alternative financing boosts Hometap's market potential.
Hometap's $278 million securitization shows strong investor interest.
Expansion into New York City taps into a large financial market.

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