Full-Time

Technical Accounting Manager

Posted on 10/25/2024

Affirm

Affirm

1,001-5,000 employees

Provides buy now, pay later financing solutions

Fintech
Financial Services

Compensation Overview

$109k - $159kAnnually

+ Equity Rewards

Senior, Expert

Remote in Canada

Category
Financial Accounting
Financial Analysis
Accounting
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree in accounting
  • CPA required
  • 7+ years’ work experience in accounting, including Big 4 accounting firm experience
  • Subject matter expertise in US GAAP, IFRS and SEC rules and regulations
  • A proven process for performing complex technical research and analysis from the problem definition to implementation stage
  • Strong written and verbal communication skills
  • A proven ability to manage deliverables and communicate timelines both upwards and cross-functionally, as well as educate key internal partners on what is needed and why
  • Detail orientation, with a focus on process development
  • Strong analytical and quantitative skills
  • The desire to improve processes and make your own job easier over time, taking ownership of all aspects of your functional area
  • Passion for Affirm and a strong interest in technology, money movement, BNPL, and consumer lending
  • Proficient knowledge of MS Excel, Word and GSuite
Responsibilities
  • Responsible for maintaining comprehensive accounting policies and performing ad hoc technical accounting analysis to identify accounting impacts, processes and procedures as we continue to grow and scale our business
  • Stay up to date on relevant FASB, IASB, and SEC developments
  • Research and evaluate new accounting standards and evaluate impact on accounting policies
  • Work closely with Financial Reporting, General Ledger, and Internal Controls teams to support monthly and quarterly close processes, SOX controls, and financial reporting timelines
  • Strategically partner with Credit, Quantitative Markets, Capital Markets, Legal, Treasury, and Strategic Finance teams by performing a real time review of new transactions or initiatives to identify accounting and financial impacts and help operationalize any associated processes
  • Work with the Technical Accounting Senior Manager and Senior Director to establish timelines and prioritize monthly and quarterly deliverables, while proactively raising dependencies and issues to Accounting and other cross-functional partners
  • Support SEC filings (10-K, 10-Q, 8-K and others) by drafting financial statement schedules (loan, debt, securitizations and variable interest entities, and fair value among others) and completing GAAP disclosure checklists
  • Review corporate contracts for key accounting implications
  • Function as a liaison for Controllership and act as a strategic partner to Credit, Product, and Finance teams by assisting in real time review and accounting impact assessment for changes in existing loan systems, models or processes and for initiatives related to new loan products and/or territories
  • Actively promote learning culture through ongoing self initiated learning and knowledge sharing

Affirm offers point-of-sale financing solutions as an alternative to traditional credit cards, primarily targeting consumers seeking flexible payment options and merchants wanting to provide these plans. Its main service is "buy now, pay later" (BNPL), allowing consumers to make purchases and pay over time through installment plans without hidden fees or deferred interest. Affirm partners with various merchants to integrate its payment solutions into their sales platforms, whether online or in-store, using user-friendly plugins and APIs. The company generates revenue from interest and fees on installment loans and from merchants who pay to offer Affirm's financing options. Additionally, Affirm provides a merchant dashboard for transaction processing and promotional tools to help businesses market these financing options effectively. The goal of Affirm is to empower consumers with more purchasing power while supporting merchants in increasing their sales.

Company Stage

IPO

Total Funding

$1.1B

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

2%

1 year growth

9%

2 year growth

-10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Affirm's partnership with Adyen taps into a $185 billion SaaS market opportunity.
  • The $4 billion capital boost from Sixth Street strengthens Affirm's financial position.
  • Affirm's integration with Apple Pay expands its user base and transaction volume.

What critics are saying

  • Increased competition from Apple promoting third-party BNPL programs like Affirm and Klarna.
  • Potential regulatory scrutiny in the BNPL sector could impact Affirm's operations.
  • Growing merchant partnerships may strain Affirm's resources and affect service quality.

What makes Affirm unique

  • Affirm offers transparent installment loans with no hidden fees, unlike traditional credit cards.
  • Affirm partners with over 2,000 merchants, including major brands like Garmin and Hotels.com.
  • Affirm's seamless API integration allows easy adoption by e-commerce and retail platforms.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Spending wallets: Access tech, food, lifestyle, and family planning wallets for your expenses

Supportive communities: Get involved with our employee resource groups and community groups

Remote-first workforce: If your role is remote, you can set up shop anywhere in your home country

Generous time off: Take the time you need when life happens

Health benefits: Get a plan that fits your needs

Mental healthcare: Take care of your mind with great mental health programs

Parental leave: Birth and non-birth parents get 18 weeks paid leave. Plus, a 4-week return-to-work transition program, at full base pay.

Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family.

Away days: We offer 24 company-wide paid days off—which help our teams collectively pause to recharge.

Learning & development: Engage in exciting learning programs to level up your growth.

INACTIVE