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Full-Time

Financial and Regulatory Reporting Associate

Confirmed live in the last 24 hours

Cross River Bank

Cross River Bank

501-1,000 employees

API-driven banking services for FinTech companies

Financial Services
Fintech

Compensation Overview

$100k - $130kAnnually

Senior, Expert

Edgewater, NJ, USA

Hybrid position requiring in-office presence.

Category
Accounts & Payroll
Risk & Compliance
Legal & Compliance
Required Skills
Communications
Requirements
  • CPA OR currently pursuing CPA strongly preferred
  • 5+ years of relevant experience in financial reporting, SEC Reporting or Accounting Policy
  • Demonstrable knowledge of US GAAP
  • Excellent written, analytical, research, and problem-solving skills.
  • Ability to collaborate cross-functionally to obtain facts, understand business structure, articulate the accounting guidance and requirements and communicate conclusion reached to stakeholders.
  • Strong written and verbal communication skills, with the ability to communicate complex financial concepts to all stakeholders.
  • Proactive and organized with a positive mindset.
Responsibilities
  • Assist with preparation of year-end US GAAP financial statements and various weekly and quarterly regulatory filings
  • Review new business contracts and business products to ensure accounting impact is properly captured.
  • Evaluate existing contracts to ensure proper booking models are applied.
  • Research and manage the communication and implementation of new and evolving regulatory requirements
  • Preparation of monthly financial close variance discussion and analysis
  • Collaborate with Accounting on a monthly basis to provide booking guidance on complex entries and transactions.
  • Provide accounting and process improvement guidance based on prior year audit concerns
  • Build and maintain strong relationships with key stakeholders, including, auditors and internal departments such as Capital Markets, Credit and Risk Management.

Cross River Bank combines traditional banking with technology solutions in the FinTech sector, offering an API-driven platform called the Cross River Operating System. This platform allows other FinTech companies to integrate customizable banking services, including payment solutions and loan origination. Unlike its competitors, Cross River focuses on providing "Banking as a Platform" (BaaP), enabling businesses to utilize its infrastructure for their financial products. The company's goal is to empower small businesses and FinTech companies by providing them with the necessary tools and services to succeed.

Company Stage

Series D

Total Funding

$987M

Headquarters

Fort Lee, New Jersey

Founded

2008

Growth & Insights
Headcount

6 month growth

2%

1 year growth

2%

2 year growth

7%
Simplify Jobs

Simplify's Take

What believers are saying

  • Cross River's role in distributing over 100,000 PPP loans during the COVID-19 pandemic highlights its operational efficiency and commitment to small businesses.
  • Partnerships with companies like MassPay to expand instant payment access demonstrate Cross River's ability to innovate and meet the evolving needs of the gig economy and other sectors.
  • Recognition as a 'Premier Lender' by the New Jersey Economic Development Authority enhances Cross River's credibility and attractiveness to potential clients.

What critics are saying

  • The highly competitive FinTech sector requires continuous innovation to maintain a competitive edge, posing a challenge for Cross River.
  • Dependence on partnerships and collaborations may expose Cross River to risks if these relationships falter or if partners underperform.

What makes Cross River Bank unique

  • Cross River uniquely combines traditional banking expertise with advanced FinTech capabilities, offering a comprehensive API-driven platform that sets it apart from conventional banks.
  • Their 'Banking as a Platform' (BaaP) model allows other FinTech companies to build their own financial products, providing a level of customization and integration that is rare in the industry.
  • Cross River's strong emphasis on compliance and regulatory standards ensures a secure and trustworthy platform, which is crucial for their diverse clientele.

Benefits

Generous parental & leave policies

Completely subsidized health, dental, & vision insurance

Complimentary dry cleaning

On-site haircuts

Endless snacks

Company events