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Palmstreet

Commission-based peer-to-peer plant marketplace

Senior Accountant

Financial Accounting +1Confirmed live in the last 24 hours
ContractNo salary listed

About the Job

Requirements

  • Be based in Mexico and have authorization to work locally.
  • Have a Licenciatura en Contaduría Pública and a professional license (cédula profesional).
  • Have 7 or more years of Mexican tax and accounting experience, including time at a Big Four or mid-size firm and at least 2 years in-house.
  • Have hands-on experience with high-volume CFDI 4.0 and electronic accounting submissions.
  • Have working knowledge of the digital platform tax regime, including withholding on platform sellers, IVA on digital services, and transfer pricing.
  • Have experience setting up a Mexican subsidiary for a foreign parent.
  • Have professional working proficiency in English to write memos and present weekly to a US-based Head of Finance.
  • Be comfortable working with spreadsheets and engineers on system requirements.
  • Be fluent with the latest artificial intelligence tools.

Responsibilities

  • Lead incorporation of the Mexican subsidiary with outside counsel, including entity type, notarial deed, Public Registry of Commerce, RFC, e.firma, Certificado de Sello Digital, tax domicile, and Buzón Tributario.
  • Advise on the operating model between the US parent and Mexican entity, including intercompany agreements and transfer pricing documentation.
  • Register with IMSS, INFONAVIT, and state payroll tax as the company hires locally; set up bank accounts and payment flows with payments partners.
  • Manage the transition from the US entity’s current Mexico registrations to the local entity.
  • Own the company’s obligations as a digital platform that intermediates third-party sales, including ISR and IVA withholding on seller sales, monthly SAT information returns, and seller withholding receipts.
  • Own IVA on platform and seller fees, including foreign digital services rules while the US entity bills Mexican users.
  • Define how seller tax data is collected and validated, including RFC, tax regime, and constancia de situación fiscal, and define applicable withholding rates for sellers without this information.
  • File monthly provisional ISR and IVA payments, DIOT, and the annual corporate return; manage the Buzón Tributario and SAT requests, audits, or clarifications.
  • Track annual tax reforms, including Paquete Económico and Miscelánea Fiscal, and translate changes into product and process requirements.
  • Own the business requirements for the CFDI integration with a provider such as Facturapi, including invoice types, uses, payment methods, global invoices to público en general, payment complements, credit notes, cancellations, and withholding CFDIs.
  • Write CFDI requirements with engineering, test edge cases such as refunds, partial shipments, cancelled orders, and sellers without RFC, and reconcile issued CFDIs to transactions monthly.
  • Monitor SAT catalog and CFDI version changes and keep the company current.
  • Maintain the Mexican entity’s books under Mexican GAAP (NIF) and SAT electronic accounting, including the chart of accounts and monthly trial balance submissions.
  • Run the monthly close for Mexico, including bank, payment processor, seller payout, and withholding reconciliations.
  • Prepare US GAAP reporting packages for consolidation and support the US audit and board reporting.
  • Manage local payroll compliance, including ISR withholding, IMSS, and PTU profit sharing, as the team grows.
  • Build the Mexico compliance calendar and ensure filings are made on time.
  • Oversee seller payment flows and transition them from manual to automated payouts.
  • Own accounts payable processes for the business in Mexico and ensure timely, accurate vendor payments.
  • Perform other duties as assigned to build processes that enable the business to scale in Mexico, working cross-functionally as needed.

Desired Qualifications

  • IMCP certification as a Contador Público Certificado.
  • Experience at a marketplace, e-commerce, fintech, or payments company.
  • Registration with SAT as a Contador Público Inscrito to sign a dictamen fiscal.
  • US GAAP reporting experience for a US-parent subsidiary.
  • Familiarity with expansion into other Latin American countries.

About the Company

Palmstreet

Commission-based peer-to-peer plant marketplace

Palmstreet operates a digital plant marketplace that connects plant enthusiasts with sellers across the United States. It supports both peer-to-peer and business-to-consumer sales, letting buyers search for a wide range of plants, read seller reviews, and purchase with protections like a Live Arrival Guarantee, while sellers manage listings and reach a nationwide audience. Transactions generate revenue through commissions on each sale between buyers and sellers. Palmstreet differentiates itself by offering a centralized, trusted platform that addresses the fragmentation of the online plant market and provides buyer protections and seller support to streamline discovery and procurement. The goal is to simplify plant discovery and acquisition and support a growing plant community of hobbyists, collectors, nurseries, and independent sellers.

Company size
11-50
Company stage
Early VC
Total funding
$25M
Headquarters
Menlo Park, CA
Founded
2020

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