Affirm

Senior Manager, Affirm Bank Accounting (Controller)

Affirm$164K — $245K *
US-AnywhereRemote in United States
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Accounting designation such as CPA or CA
  • Minimum 10 years relevant experience in Accounting, Finance or Treasury-related areas
  • Minimum 5 years of people management experience
  • Experience building out the appropriate tools and processes, and scaling an Accounting team
  • Extensive knowledge of GAAP, Regulatory reporting
  • Proven analysis, cash management, and modeling experience
  • Extremely detail oriented and a natural critical thinker
  • Strategic, goal driven, focused with a 'can-do' attitude

Responsibilities

  • Build and lead the Bank accounting team with strategic direction and coaching
  • Serve as a primary liaison with cross-functional teams for effective service delivery
  • Oversee all monthly financial reporting for stakeholders, including regulators
  • Build a controlled regulatory reporting function for timely and accurate filings
  • Work with external auditors to complete the annual financial statement audit
  • Collaborate with engineering and product teams to implement accounting automation tools
  • Manage additional financial analysis and special projects as needed

Benefits

  • Affirm covers all premiums for health care coverage for employees and dependents
  • Generous stipends for Technology, Food, Lifestyle needs, and family forming expenses
  • Competitive vacation and holiday schedules for rest and recharge
  • Employee stock purchase plan at a discount
Full Job Description
About the Role

We are looking for a self-motivated and resourceful Bank Controller to join us during a pivotal moment of growth. As Affirm Bank is currently in its formation phase, we are actively building out our foundational team. Reporting to the Bank CFO, the Bank Controller will be central to this effort, playing a key role in the formation and operational build-out of the Bank.

The Bank Controller will lead day to day operational duties of the Affirm Bank Accounting Team, including managing the G/L and daily operational flows, ensuring successful integration of our accounting systems and processes into Affirm's systems and processes, and developing the regulatory function.

What You'll Do
  • Team Leadership & Talent Development: Build and lead the Bank accounting team, providing strategic direction, recruitment, and coaching as we establish the function.
  • Cross-Functional Partnership: Serve as a primary liaison with Affirm, Inc. cross-functional teams, ensuring effective service delivery under the Intercompany Program Agreement while maintaining the independent oversight necessary for a regulated banking entity.
  • Financial Reporting: Oversee all monthly reporting to both internal and external stakeholders, including regulatory bodies, ensuring timely completion and submission.
  • Regulatory Oversight: Build a controlled regulatory reporting function to ensure the timely and accurate preparation of required filings (e.g., FFIEC 041 Call Reports, Part 363 Annual Reports, and Federal Reserve reporting).
  • Audit Management: Work closely with our external auditors to coordinate the completion of the annual Bank financial statement audit.
  • Process Automation: Work with our engineering and product teams to evaluate, improve, and implement various tools to drive accounting/reporting automation.
  • Strategic Analysis: Manage other processes and functions, including financial analysis and projects as required.

What We Look For
  • Accounting designation such as CPA or CA
  • Minimum 10 years relevant experience in Accounting, Finance or Treasury-related areas
  • Minimum 5 years of people management experience
  • Experience building out the appropriate tools and processes, and scaling an Accounting team in a similar industry
  • Extensive knowledge of GAAP, Regulatory reporting
  • Proven analysis, cash management, and modeling experience
  • Extremely detail oriented and a natural critical thinker
  • Strategic, goal driven, focused, with a "can-do" attitude

Base Pay Grade - M

Equity Grade - USA 10

Employees new to Affirm typically come in at the start of the pay range. Affirm focuses on providing a simple and transparent pay structure which is based on a variety of factors, including location, experience and job-related skills.

Base pay is part of a total compensation package that may include equity rewards, monthly stipends for health, wellness and tech spending, and benefits (including 100% subsidized medical coverage, dental and vision for you and your dependents.)

USA base pay range (CA, WA, NY, NJ, CT) per year: $185,000 - $245,000

USA base pay range (all other U.S. states) per year: $164,000 - $224,000

Please note that visa sponsorship is not available for this position.

#LI-Remote

Affirm is proud to be a remote-first company! The majority of our roles are remote and you can work almost anywhere within the country of employment. Affirmers in proximal roles have the flexibility to work remotely, but will occasionally be required to work out of their assigned Affirm office. A limited number of roles remain office-based due to the nature of their job responsibilities.

We're extremely proud to offer competitive benefits that are anchored to our core value of people come first. Some key highlights of our benefits package include:
  • Health care coverage - Affirm covers all premiums for all levels of coverage for you and your dependents
  • Flexible Spending Wallets - generous stipends for spending on Technology, Food, various Lifestyle needs, and family forming expenses
  • Time off - competitive vacation and holiday schedules allowing you to take time off to rest and recharge
  • ESPP - An employee stock purchase plan enabling you to buy shares of Affirm at a discount

About Affirm

Affirm is a publicly traded financial technology company headquartered in San Francisco, United States. Founded in 2012, the company operates as a financial lender of installment loans for consumers to use at the point of sale to finance a purchase. Affirm was founded in 2012 by Max Levchin, Nathan Gettings, Jeffrey Kaditz, and Alex Rampell as part of the initial portfolio of startup studio HVF. Levchin, who co-founded PayPal, became CEO of Affirm in 2014. In October 2017, the company launched a consumer app that allowed loans for purchases at any retailer. The company announced a partnership with Walmart in February 2019. Under the partnership, Affirm is available to customers in-store and on the Walmart website. Affirm has partnered with e-commerce platforms including Shopify, BigCommerce, and Zen-Cart. On November 18, 2020, Affirm filed with the Securities and Exchange Commission in preparation for an initial public offering. On December 12, 2020, it was reported that Affirm had postponed its IPO. On January 13, 2021, Affirm became listed on NASDAQ with symbol AFRM, raising about $1.2 billion in its IPO. By the next day, the price of shares had doubled, making Levchin's stake worth about $2.5 billion. In May 2021, Affirm acquired Returnly, a financial technology service company, for $300 million.
Learn more about Affirm
Size
1,300 employees
Market Cap
$2.5 billion
Industry
Net Income
-$97.6 million
Founded
2012
Revenue
$617.1 million
NASDAQ

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