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Full-Time

Financial Analyst

Accounting and Treasury Operations

Updated on 9/16/2024

Mission Lane

Mission Lane

201-500 employees

Provides transparent credit card solutions

Fintech
AI & Machine Learning
Financial Services

Compensation Overview

$60k - $70kAnnually

+ Annual Bonus Incentive Program + Equity + Thrive Cash

Mid, Senior

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Treasury
Finance & Banking
Requirements
  • Bachelor’s Degree in Accounting or related field required
  • 4+ years of relevant experience
  • Experience in TSYS or similar servicing platform
  • Strong proficiency with Google Suite (Sheets, Slides, etc.) and Microsoft Office Suite (Excel, Word, etc.)
Responsibilities
  • Create, setup, automate and support reconciliations for new products
  • Support daily and monthly reconciliations for multiple cash accounts, ledgers and intercompany transactions
  • Assist with monthly, quarterly and year-end close processes for Treasury and Accounting
  • Assist with cash journal entries in accounting system on a daily basis
  • Balancing and reconciliation of the chargebacks and representment suspense accounts
  • Balancing and reconciliation of payment suspense accounts
  • Automation of manual movements on a daily basis
  • Troubleshoot variances and coordinate with business partners to resolve issues
  • Collect and organize data from various sources for daily reports and cash optimization
  • Assist Head of Treasury and the Controller with various ad hoc reporting projects and requests

Mission Lane provides accessible and fair credit solutions, primarily through credit cards aimed at individuals looking to build or rebuild their credit. Their credit cards come with no hidden fees, no security deposits, and no activation fees, making them attractive to consumers who are cautious about traditional credit card fees. The company generates revenue through interest on outstanding balances and late payment fees, but stands out due to its commitment to transparency. A key feature is the instant decision on credit card applications, allowing users to know their approval status quickly. Additionally, Mission Lane offers free access to credit scores, educational resources, and reports to major credit bureaus, helping clients improve their creditworthiness. Their goal is to support responsible credit use by rewarding good financial behavior with higher credit limits over time.

Company Stage

N/A

Total Funding

$1B

Headquarters

Richmond, Virginia

Founded

2018

Growth & Insights
Headcount

6 month growth

-3%

1 year growth

-2%

2 year growth

-20%
Simplify Jobs

Simplify's Take

What believers are saying

  • Mission Lane's recent $150 million equity investment will support aggressive expansion and product development, indicating strong growth potential.
  • The appointment of Brandon Black as CEO, with his extensive experience in financial services, is likely to drive strategic growth and operational excellence.
  • The expanded partnership with Plaid enhances Mission Lane's ability to offer comprehensive financial tools, improving customer satisfaction and retention.

What critics are saying

  • The competitive fintech landscape requires continuous innovation to maintain differentiation and market share.
  • Dependence on interest and late payment fees for revenue could be risky if customers improve their credit behavior significantly.

What makes Mission Lane unique

  • Mission Lane's focus on transparent, no-fee credit card solutions specifically targets individuals with limited or damaged credit histories, setting it apart from traditional credit card companies.
  • The instant decision feature on credit card applications reduces anxiety and waiting times for applicants, enhancing user experience.
  • Their partnership with Plaid to offer open finance solutions provides customers with access to over 7,000 apps and services, a unique value proposition in the fintech space.

Benefits

Full health, dental, and vision benefits

FSA

Paid parental leave

401k with company match

Generous PTO

Flexible work schedule