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Full-Time

Senior Revenue Accountant

Posted on 8/6/2024

Lyft

Lyft

10,001+ employees

Ride-sharing platform connecting drivers and passengers

Automotive & Transportation

Compensation Overview

$84k - $105kAnnually

+ Equity Offering + Bonus

Mid

New York, NY, USA

Category
Financial Accounting
Accounting
Required Skills
Oracle
Data Analysis
Requirements
  • BS in Accounting/Finance, CPA license preferred
  • 3+ years in Accounting, including public accounting experience
  • Demonstrated initiative and ability to work independently with minimal daily direction from management to accomplish objectives and deadlines
  • Strong organizational, verbal, and written communication skills
  • Strong accounting research and problem-solving skills
  • Highly detail-oriented and able to multitask
  • Strong quantitative and qualitative analytical skills – must have significant experience in Microsoft and Google applications; Oracle is strongly preferred
  • Able to operate independently and as part of a larger functional team
Responsibilities
  • Assist in managing the monthly close process and reconciliations for Lyft revenue
  • Assist in working with the financial analytics data team, payment operations team, and other internal business partners to determine accounting requirements for new platform related projects and to reconcile payment processor activity
  • Assist in driving process improvements to continuously reduce the Accounting Close Cycle duration
  • Assist in documentation/implementation of revenue accounting processes and internal controls
  • Assist in flux analyses for portions of the balance sheet
  • Assist in managing external audit, including preparation and ongoing support
  • Assist in SOX compliance for revenue accounting
  • Perform special, ad-hoc projects in Accounting/Finance as requested

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

2%

1 year growth

4%

2 year growth

2%
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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