Senior Accountant - Remote in US

Company Description

Candidly was founded in 2016 to flip the script on what it means to plan, borrow, repay, and save for college. Today, we’re the category leader with the market’s most comprehensive AI-driven student debt and savings optimization platform. We partner with hundreds of top employers, financial institutions, and retirement record keepers, positioning Candidly to serve more than 35 million Americans. 

We’re already achieving incredible results — to date, we’ve helped our users get on track to eliminate more than $650 million in student debt and pay off their loans 68,000 years quicker — and we’re seeking movers, shakers, innovators, and problem solvers to help take our mission even further. 

Candidly is a high-growth, Series B startup, funded by leading investors including Altos Ventures, Aflac, Salesforce Ventures, UBS, Equal Opportunity Ventures, Impact Engine, Rethink Impact, Unum, and Cercano Management. Our fully remote, international team of 70 (and counting) includes alumni from Google, UBS, Twitter, Plaid, Prudential, LendingTree, Morgan Stanley, Deutsche Bank, and more.

 

Job Summary:

As a Senior Accountant, you will be an anchor in the accounting department, offering financial leadership through meticulous research, analysis of accounts, and preparation of journal entries and balance sheet reconciliations. This is an internal and external facing, collaborative role requiring top-notch communication skills, both written and verbal. You will handle full-cycle accounting services and will have a diversified role that changes daily—from preparing transactions such as payroll and processing accounts payable to creating financial reports. Your responsibilities will span across managing equity, payroll, and commission accounting functions, ensuring accurate and compliant reporting in these key areas. You'll work closely with operational business partners, HR, and legal departments to validate financial assumptions, maintain accurate employee and commission-related records, and meet all regulatory requirements. Success in this role will be gauged by key performance indicators and your contributions to improving our accounting systems. The ideal candidate should be open to continuously learning and exploring Software as a Service (SaaS) tools to automate accounting processes, thereby enhancing operational efficiency.

 

Key Responsibilities:

Accounting Operations

• Independently perform month-end closing procedures including the preparation of complex journal entries and balance sheet account reconciliations in accordance with Generally Accepted Accounting Principles (GAAP)
• Manage the capitalized software process end to end while working cross functionally with our Engineering, Product,  Payroll and Accounts Payable teams
• Perform monthly bank reconciliations, managing credit card/ACH payments & deposits, as well as sweep transactions
• Review and approve accounts payable and receivable transactions, ensuring timeliness and accuracy
• Proactively review general ledger transaction details throughout the month to streamline month-end close timelines and ensure the accuracy and completeness of information recorded
• Research and resolve reconciliation differences between the general ledger and source systems
• Able to clearly articulate results, variances and demonstrate an understanding of root cause to management
• ​​Ability to interact and work with our business units to determine proper accounting treatment for various transactions
• Support audit and compliance efforts, including the preparation of audit schedules, responding to auditor inquiries, and ensuring adherence to regulatory requirements and internal controls
• Assist in the preparation of annual budgets, forecasts, and financial models to guide business planning
• Develop, implement, and maintain financial controls, procedures, and systems to safeguard company assets
• Develop deep understanding of departments and related expense accounts for GL coding proficiency
• Perform financial analysis and provide insights to identify cost-saving opportunities and revenue growth strategies
• Stay current with industry trends and regulations to make recommendations for improving financial processes
• Participate in ad-hoc financial projects and initiatives as required

Commissions

• Maintain comprehensive records related to commission accounting, including aspects such as Contract Assets and Commission Accruals accounts
• Ensure the proper and timely computation and disbursement of commission earnings and associated expenses
• Confirm that all commission calculations are performed correctly and align with the specified plans and guidelines
• Wo