Full-Time

Assistant Controller

Remote

Posted on 9/26/2024

Empower

Empower

51-200 employees

Personal finance management and credit building

Fintech
Financial Services

Mid

Remote in USA

Work from anywhere.

Category
Financial Accounting
Financial Analysis
Management Accounting
Accounting
Required Skills
Excel/Numbers/Sheets
Requirements
  • Bachelor's degree in Accounting, Finance, or related field
  • 3-5 years of public accounting and/or financial reporting experience.
  • Strong knowledge of U.S. Generally Accepted Accounting Principles (GAAP)
  • Experience with working with external auditors.
  • Excellent attention to detail and analytical skills.
  • Proficiency in Microsoft Excel, Word, and PowerPoint.
  • Effective communication and interpersonal skills, with the ability to work collaboratively in a team environment.
  • Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
  • Strong problem-solving skills and a proactive approach to identifying and resolving issues.
Responsibilities
  • Prepare and review financial statements, footnotes, and other disclosures aligned with GAAP standards
  • Research, determine, and document appropriate company accounting standard application
  • Collaborate with cross-functional teams to collect and validate financial and non-financial data for reporting purposes.
  • Conduct research and analysis to support disclosure requirements and disclosures related to significant events.
  • Support external auditors and legal counsel during the audit and review process.
  • Assist in the development and maintenance of internal controls related to future PCAAB standards.
  • Collaborate with other finance and accounting professionals on special projects as needed.
  • Support monthly and annual close procedures

Empower.me provides personal finance management and credit building services through a subscription model. Users can sign up for a 14-day free trial, after which they pay $8 per month for access to various financial tools. These tools include customizable payment plans, budgeting features, and credit score monitoring. A key aspect of Empower.me is its focus on helping users build credit by reporting their payments to credit bureaus, which can enhance their credit history if payments are made on time. Additionally, the company offers a Thrive line of credit, which involves a soft inquiry on the user's credit report, ensuring no impact on their credit score. Empower.me stands out from competitors by specifically targeting individuals with no minimum credit score and providing resources to improve their financial health.

Company Stage

Late Stage VC

Total Funding

$96.8M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

12%

1 year growth

31%

2 year growth

121%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for financial literacy tools among Gen Z and Millennials.
  • Growing interest in alternative credit scoring models aligns with Empower's mission.
  • Expansion of digital banking services in emerging markets offers growth opportunities.

What critics are saying

  • Increased competition from established fintech companies like Chime and Varo.
  • Integration challenges from Petal and Cashalo acquisitions may divert resources.
  • Regulatory scrutiny on fintech credit services could increase compliance costs.

What makes Empower unique

  • Empower offers a unique focus on credit building through payment reporting.
  • The Thrive line of credit provides low-cost borrowing with no credit score impact.
  • Empower's subscription model includes customizable payment plans and budgeting tools.

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Benefits

Generous equity package

Full healthcare benefits

Unlimited PTO

Technology expense reimbursement

Work from anywhere

INACTIVE