Accounting Manager, Banking Jobs

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The role

SoFi is searching for an Accounting Manager with financial services experience to support the Company’s accounting functions. The right person will thrive with the eagerness to learn, using an innovative approach to solving problems, and willingness to contribute to improving our end-to-end accounting processes.

The Bank Accounting team at SoFi, is part of the Controllership organization and is responsible for overseeing the accounting, financial, and regulatory reporting related to SoFi Bank products for the Company. The team leads the month end close process for the credit card product and partners closely with finance, credit, treasury, compliance, operations, engineering, and other teams across the enterprise to monitor product and business performance. The team prepares external financial reports for public filings and regulators in compliance with GAAP and regulatory requirements. This role will report to the Bank Controller and will work with a mix of team members and key business partners across the enterprise. This role will also assist with carrying out Controllership’s strategy related to continued process improvement, scalability, and automation.

SoFi’s fast pace of growth provides career development (e.g., work directly with senior and executive management) and learning opportunities (e.g., automation, process improvements, and breadth of products/transactions) considering the role's enterprise-wide exposure.

What you’ll do:

• Responsible for leading, mentoring and developing the accounting team and ensuring appropriate allocation of responsibilities
• Lead team responsible for preparing external financial statement footnote support, variance analysis, and regulatory filing support for credit card product and CECL reserves
• Manage projects and ad-hoc requests for analyses to support other business functions in management decision making
• Analyze accounts, subsidiary ledgers, and other accounting documents for accuracy and completeness
• Ability to manage complex financial, reporting and regulatory matters or processes
• Build effective relationships across other teams including treasury, finance, legal, compliance, and Bank leadership
• Support system integration projects including workflow automation and data transformation efforts
• Identify areas of improvement within the department for efficiency or risk control enhancements
• Support employees in the preparation of complete and easy to follow workpapers explaining accounting topics, procedures, and conclusions
• Lead initiatives to improve processes, controls, and documentation in accordance with SOX and AICPA standards
• Review detailed account reconciliations, journal entries and supporting documentation
• Lead team responsible for the accounting and reporting for SoFi Bank credit card products and the associated reserves under the Current Expected Credit Losses (CECL) framework
• Support internal and external auditors, as well as bank regulators (OCC, Federal Reserve, FDIC) in the periodic review of the Company financial records
• Maintain thorough and detailed understanding of accounting and regulatory reporting requirements and ensure that these are reflected in policies and procedures, documentation and regulatory reporting filings
• Subject matter expert in accounting theories and concepts pertaining to financial institutions, including research and documentation of technical accounting concepts

What you’ll need:

• Experience working in ERP (preferably SAP, Oracle, or NetSuite)
• Excellent organizational, analytical, problem solving, interpersonal and communication skills
• Experience with significant estimates, such as Current Expected Credit Losses (CECL) under ASC326 or ASC450 reserves
• Must demonstrate attention to detail, analytical abilities, and consistent follow-through, including project management skills with the ability to proactively resolve problems while consistently meeting deadlines
• 6+ years related experience, either Big 4 accounting or a mix of Big 4 and industry experience
• Ability to partner with cross-functional teams, including product engineering, legal, enterprise risk management, compliance, treasury, and finance
• Experience working with banking products and regulatory/financial reporting at financial services institutions; public company experience preferred
• Strong knowledge of US GAAP
• Due to the nature of this position, as a part of our background check process, candidates must be able to pass a non-registered fingerprint background check to qualify as a fingerprinted person under FINRA
• Bachelor’s degree or equivalent experience in a related field

Nice to have:

• Experience with tableau, SQL, or Alteryx
• Public company experience
• CPA designation
• Strong knowledge of technical accounting and public company best practices

Compensation And Benefits

The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.

To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

New York applicants: Notice of Employee Rights

SoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email [email protected].

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

Internal Employees

If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.