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Full-Time

Accounting Manager

Posted on 6/3/2024

Lyft

Lyft

10,001+ employees

Ride-sharing platform connecting drivers and passengers

Automotive & Transportation
Consumer Goods

Senior

Company Provides H1B Sponsorship

Longueuil, QC, Canada

This role requires in-office presence in Longueuil, Canada for three days per week on Mondays, Thursdays, and a team-specific third day. Additionally, hybrid roles allow for remote work from anywhere for up to 4 weeks per year.

Category
Financial Accounting
Accounting
Requirements
  • Bachelor's degree in Accounting/Finance
  • CPA preferred
  • 5-6 years of Accounting experience, including Big 4 and manufacturing
  • Strong knowledge of ASC 606 and Revenue Recognition principles
  • Proactive, independent worker with excellent organizational, verbal, and written communication skills
  • Skilled in accounting research, problem-solving, and multitasking
  • Strong quantitative and qualitative analytical abilities
  • Ability to manage multiple tasks and meet strict deadlines in a fast-paced environment
  • Bilingual (English and French)
Responsibilities
  • Oversee the revenue cycle, including managing collectibles, deferred revenues, and compliance with revenue recognition policies
  • Maintain relationships with EDC, joint ventures, and tax business partners; manage related quarterly entries and processes
  • Assist in the review and preparation of financial statements, journal entries and account reconciliations
  • Plan and execute accounting processes according to monthly close calendar timelines
  • Collaborate with Finance and other business partners for information gathering and advising on accounting considerations, including streamlining accounting transactions for new business areas
  • Support the reporting process, including gathering financial data for SEC document disclosures and external audit support
  • Develop and implement scalable accounting processes for accurate financial reporting and SOX compliance
  • Actively participate and collaborate in system implementations and integration activities
  • Prepare government reports and assist with budgeting and forecasting as needed
  • Perform special projects and ad-hoc tasks in Accounting/Finance

Lyft connects passengers with drivers through a mobile app, primarily serving urban commuters, students, and tourists in the United States and Canada. The platform offers various ride options, including standard, luxury, and shared rides, catering to different customer preferences. Drivers use their own vehicles to provide services, and Lyft earns revenue by taking a commission from each ride fare. In addition to car rides, Lyft also provides bike and scooter rentals, and has a subscription service called Lyft Pink that offers benefits for a monthly fee. The company emphasizes safety and community guidelines to ensure a secure experience for users, while also supporting drivers with flexible payment options. Lyft's goal is to provide reliable transportation solutions while exploring self-driving technology and maintaining a diverse revenue stream.

Company Stage

IPO

Total Funding

$4.8B

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

3%

1 year growth

16%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Lyft's exploration of self-driving technology positions it at the forefront of innovation in the transportation sector.
  • The company's flexible payment options attract a diverse range of drivers, enhancing its service availability and reliability.
  • Strategic partnerships, such as those with Babyscripts and the NAACP, expand Lyft's market reach and social impact.

What critics are saying

  • The ongoing legal challenges regarding the classification of drivers as independent contractors could result in increased operational costs and regulatory scrutiny.
  • Intense competition from rivals like Uber may pressure Lyft's market share and profitability.

What makes Lyft unique

  • Lyft's diversified revenue streams, including bike and scooter rentals, advertising, and subscription services, set it apart from competitors who primarily focus on ride-sharing.
  • The company's emphasis on safety and community guidelines ensures a secure experience for both drivers and passengers, which is a significant competitive advantage.
  • Lyft's partnerships with organizations like the EAS Carpenters union and Babyscripts highlight its commitment to social impact and community engagement.

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