Bank Accounting Manager
SoFi
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Who we are:
Shape a brighter financial future with us.
Together with our members, we’re changing the way people think about and interact with personal finance.
We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
The role:
SoFi is seeking an experienced, highly-motivated Bank Accounting Manager with a passion for problem solving, critical thinking, strategy and working in a dynamic and ambiguous environment to further develop SoFi’s Bank Controllership team.
The ideal person for this position will have a demonstrated accounting skillset with a base understanding of SOX and internal controls over financial reporting, technical accounting, process creation and ongoing management, data-driven reporting and communication skills, and the ability to partner and influence effectively across cross-functional business teams. Every day is a new challenge and you're continually looking for ways to help our team get better at what we do, in the most efficient way possible. You move fast while keeping your attention to detail, and you tap into your problem-solving skills to support SoFi business objectives.
This role will support our Crypto product as well as our Commercial Payments Services line of business and other bank accounting needs. The Bank Accounting Manager will be responsible for month end close, supporting financial and regulatory reporting, working closely with business partners, engineers, and other teams throughout controllership to ensure complete and accurate financial reporting, and leading the external audit.
The Bank Accounting Manager will report to the Assistant Controller, Financial Services, and will work with a mix of direct, indirect, and external team members.
What you’ll do:
Be the accounting SME for CPS and Crypto, understand all data inputs and pertinent control environment to own the end to end audit of these areas
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Create well organized, clear documentation of all critical decisions and key processes such as:
Technical accounting memos
Flowcharts including pertinent databases, controls etc.
Assessment and documentation of contracts for accounting conclusions
Understanding of banking cash flow and underlying systems
SOX control design, implementation and execution
Design, prepare, and eventually review detailed account reconciliations performed by your team and work with cross functional teams to resolve errors
Work with cross functional teams on new functionality build outs within respective areas to ensure complete, accurate, and automated accounting outcomes.
May lead a staff accountant, including coaching, training and managing day-to-day activities
Gain an in depth understanding of the SoFi systems and how transactions flow between systems and the general ledger.
Analyze accounts, journal entries, subsidiary ledgers, and other accounting documents for accuracy and completeness.
Analytically review the Balance Sheet and Income Statement
Review and assist in the development of analytical and statistical reports to drive leadership decision making
Review and oversee preparation of ad-hoc reports and analyses
Work closely with other departments to ensure that transactions are recorded properly under U.S. GAAP
Support financial regulatory reporting within areas of responsibility
What you’ll need:
Bachelor’s degree in Accounting, Finance or Business or equivalent
CPA license
6+ year of experience in accounting
Applied working knowledge of U.S. Generally Accepted Accounting Principles (GAAP) and accounting procedures specific to bank accounting. Knowledge of ASC 606, ASC 326, ASC 340, SAB 122, ASC 350, ASC 820 and/or ability to perform technical accounting research to learn with appropriate support.
Strong organizational, analytical, mathematical, and project management skills
A proactive and hands-on approach
Strong knowledge of accounting theory and practice
Computer skills, including Excel, Word, general ledger and reconciliation systems
Nice to have:
Experience with Workday Financials, Snowflake, Workiva, Cadency
Audit experience
