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Full-Time

Accounting Analyst

Posted on 6/18/2024

Cross River Bank

Cross River Bank

501-1,000 employees

API-driven banking services for FinTech companies

Fintech
Financial Services

Compensation Overview

$70k - $100kAnnually

Entry

Edgewater, NJ, USA

Requires onsite presence in Fort Lee, New Jersey, United States.

Category
Financial Analysis
Accounting
Requirements
  • Bachelor's degree in Accounting, Finance, or a related field.
  • CPA or CPA candidate preferred
Responsibilities
  • Actively contribute to month-end and year-end closing activities, ensuring compliance with accounting standards and company policies.
  • Perform detailed account reconciliations, investigating and resolving discrepancies to maintain data integrity.
  • Identify opportunities to streamline financial processes and drive process improvements, implementing best practices.
  • Conduct in-depth analysis of financial data, highlighting trends, patterns, and insights.
  • Support internal and external audits, providing necessary documentation and ensuring compliance with accounting standards.
  • Assist in the development and implementation of financial controls and policies to maintain compliance and mitigate risks

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

8%
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.

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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

INACTIVE