Vice President, Accounting

This is a fully remote position, open to applicants in United States.

📋 Description

• Direct PayNearMe’s Accounting division, which encompasses general ledger activities, closing and consolidation processes, revenue and transaction accounting, invoicing as necessary, accounts payable, payroll accounting, technical accounting, and financial reporting.

• Ensure the timely, precise, and GAAP-compliant preparation of monthly, quarterly, and annual financial statements.

• Oversee the accounting treatment for payments, disbursements, fees, processor costs, refunds, returns, chargebacks, reserves, client liabilities, revenue sharing, and other transaction-related activities.

• Maintain accounting policies for new products, payment types, contractual agreements, and complex or atypical transactions.

• Manage external audits and assist with financial, bank-partner, client, and regulatory examinations.

• Develop and uphold internal controls for financial reporting, client funds, system access, manual adjustments, approvals, and segregation of duties.

• Collaborate with Tax, Legal, Compliance, and Risk teams on regulatory reporting, money-transmitter requirements, safeguarding obligations, and client-funds issues.

• Supervise daily settlement and disbursement activities across ACH, card, cash, wire, real-time payments, and other payment channels.

• Manage FBO, custodial, settlement, prefund, disbursement, exception, and other client-funds accounts.

• Lead operational responses to settlement failures, bank or processor discrepancies, delayed disbursements, unexpected account balances, and other client-funds incidents.

• Own reconciliations across transaction systems, subledgers, processor and collector records, bank and FBO accounts, client balances, and the general ledger.

• Certify that client-funds balances are complete, accurate, appropriately segregated, and backed by relevant records.

• Define the target operating model for money movement, reconciliation, exception management, and payments accounting.

• Translate Finance and Operations needs into product, data, ledger, and workflow requirements for Product and Engineering teams.

• Propel the automation of settlement processing, reconciliation, exception categorization, approvals, journal creation, financial reporting, and control evidence.

• Create scalable systems and processes to accommodate greater transaction volumes, products, payment channels, and regulatory complexities.

• Build, lead, and nurture high-performing teams in Money Movement Operations, Payment Reconciliation, and Accounting.

• Convey complex funds-flow, accounting, and control issues to executive leadership, clients, bank partners, auditors, and the Board.

⛳️ Requirements

• 12–15+ years of progressive experience in payments accounting, controllership, financial operations, banking operations, treasury operations, or payment reconciliation.

• Significant leadership experience in a FinTech, payment processor, financial institution, marketplace, money transmitter, card program, or another high-volume money-movement business.

• Proven ownership of complex client-fund flows, including collections, settlement, FBO or custodial accounts, prefunding, disbursements, refunds, returns, and exceptions.

• Strong familiarity with ACH, card networks, wires, real-time payments, checks, cash networks, and other payment methods.

• In-depth understanding of payment processing, clearing, settlement, reconciliation, subledgers, general ledgers, and customer-funds liabilities.

• Experience leading a corporate Accounting or Controllership organization, including close, financial reporting, technical accounting, audit, and internal controls.

• Strong grasp of GAAP and the accounting implications of payment transactions, processor activities, client-funds obligations, reserves, and revenue-sharing agreements.

• Experience in designing maker/checker controls, approval authorities, system permissions, reconciliation controls, and auditable manual-adjustment procedures.

• Demonstrated ability to identify control gaps and operational risks, collaborating with Product, Engineering, and Data teams to develop scalable solutions.

• Experience implementing or significantly enhancing reconciliation platforms, transaction subledgers, ERP integrations, treasury or banking systems, and workflow automation.

• Strong data orientation; adept at investigating transaction-level activities and working with large datasets. Proficiency in SQL or a similar analytical tool is highly desirable.

• Experience supporting external audits, bank-partner reviews, regulatory examinations, and financial-control testing.

• CPA is strongly preferred. An equivalent combination of accounting expertise and extensive payments-operations leadership will be considered.

• Bachelor’s degree in Accounting, Finance, Business, or a related field; an advanced degree is preferred.

🏝️ Benefits

• Competitive salary and benefits package, including growth-company options grant.

• Fast-paced and professional work environment.

• Stock options with standard startup vesting – 1-year cliff; 4 years total.

• $50 monthly communication expense stipend for phone/internet bills.

• $250 stipend to enhance your work-from-home setup.

• Reimbursement for peripheral equipment: monitor (up to $400), keyboard, and mouse (up to $200).

• Premium medical benefits, including vision and dental (100% coverage for employees).

• Company-sponsored life and disability insurance.

• Paid parental bonding leave.

• Paid sick leave, jury duty, and bereavement leave.

• 401k plan.

• Flexible Time Off (team members typically take off approximately 3-4 weeks per year).

• Volunteer Time Off.

• 13 scheduled holidays.