Full-Time

Accounting and Regulatory Reporting Associate

Confirmed live in the last 24 hours

Cross River Bank

Cross River Bank

1,001-5,000 employees

API-driven banking services for FinTechs

Fintech
Financial Services

Compensation Overview

$100k - $130kAnnually

Senior

Edgewater, NJ, USA

This is a hybrid position requiring in-office presence.

Category
Financial Accounting
Financial Analysis
Management Accounting
Legal & Compliance
Accounting
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, offering a range of services through its API-driven platform, the Cross River Operating System. This platform allows FinTech companies to easily integrate customizable banking services like payment solutions and loan origination. Unlike traditional banks, Cross River focuses on 'Banking as a Platform,' providing the infrastructure for others to build financial products. The company's goal is to support small businesses and FinTech firms while ensuring compliance with regulatory standards.

Company Stage

Late Stage VC

Total Funding

$824.9M

Headquarters

Fort Lee, New Jersey

Founded

2008

Growth & Insights
Headcount

6 month growth

1%

1 year growth

-4%

2 year growth

7%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for real-time payments offers expansion opportunities for Cross River.
  • Record new business applications in 2023 present a market for small business services.
  • The White House's Working Capital Program aligns with Cross River's small business focus.

What critics are saying

  • Increased competition from real-time payment services may challenge Cross River's market share.
  • Tightening lending standards and rising interest rates could reduce loan origination revenue.
  • Past regulatory scrutiny over fair lending practices poses potential reputational risks.

What makes Cross River Bank unique

  • Cross River combines traditional banking with innovative fintech solutions for seamless integration.
  • The company offers a unique API-driven platform for customizable and secure banking services.
  • Cross River's commitment to compliance ensures regulatory standards are consistently met.

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Benefits

Generous parental & leave policies

Completely subsidized health, dental, & vision insurance

Complimentary dry cleaning

On-site haircuts

Endless snacks

Company events