Staff Accountant II
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Job Location:
Cottonwood Heights, UT - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
The role:
SoFi is seeking a Reg W and Intercompany Accountant to join SoFis Controllership Team reporting to the Intercompany Accounting this role the Reg W and Intercompany Accountant will support the Controllership mandate of having accurate consolidated and stand-alone financial results by ensuring intercompany activity is captured appropriately and eliminates correctly. The Reg W and Intercompany Accountant will perform monitoring and validation procedures to ensure SoFi Bank remains in compliance with Regulation W Section 23A and 23B. The Reg W and Intercompany Accountant will support regulatory reporting and board reporting needs as it pertains to intercompany activities and balances.
What youll do:
- Gain an in-depth understanding of the SoFi systems and how intercompany transactions flow and appropriately eliminate.
- Monitor variance accounts and address any balances created throughout the close process
- Reconcile Intercompany Receivable/ Payable accounts on a monthly basis to ensure activity is appropriately charging within legal entities
- Prepare instruct and track monthly settlement of Intercompany payables through collaboration with Bank Operations and Entity Controllers
- Compute and post interest on Intercompany Notes and Regulation W collateral in accordance with legal and contractual requirements
- Monitor Bank activities for any potential covered transaction under Regulation W Section 23A
- Post manual journal entries for intercompany contracts that are compliant with Regulation W Section 23B.
- Execute Equity Pick Ups during monthly close and validate results
- Prepare 23A assessment and Vendor Attribution Reviews quarterly in compliance with Reg W
- Assist in the monthly quarterly and year-end close processes as well as assisting with audit requests
What youll need:
- Bachelors degree in Accounting Finance or Business or equivalent
- 2 year of experience in accounting and close activities
- Applied working knowledge of U.S. Generally Accepted Accounting Principles and accounting procedures
- Strong organizational analytical mathematical and project management skills
- A forward-thinking and hands-on approach
- A desire to learn
- Proactive and self-driven with the ability to think creatively within a flexible environment
- Strong knowledge of accounting theory and practice
- Computer skills including Excel Word and general ledger and reconciliation systems
- Knowledge of balance sheets income statements and mathematical concepts such as fractions. percentages and ratios
Nice to have:
- Experience with Workday Financials
- CPA certification is a plus
- Audit experience
- Prior work experience performing Regulation W compliance and intercompany accounting
Required Experience:
Staff IC
Key Skills
- Balance Sheet Reconciliation
- General Ledger Reconciliation
- Accounting Software
- Account Analysis
- GAAP
- QuickBooks
- Pivot tables
- General Ledger Accounting
- Accounting
- Sage
- Account Reconciliation
- Microsoft Dynamics GP
About Company
Why do 10M+ members trust SoFi? Financial solutions for school, marriage, starting a family, home buying, retirement, or whatever’s next. Member FDIC.
