Staff Accountant II at SoFi

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 processReconcile Intercompany Receivable/ Payable accounts on a monthly basis to ensure activity is appropriately charging within legal entitiesPrepare instruct and track monthly settlement of Intercompany payables through collaboration with Bank Operations and Entity ControllersCompute and post interest on Intercompany Notes and Regulation W collateral in accordance with legal and contractual requirementsMonitor Bank activities for any potential covered transaction under Regulation W Section 23APost manual journal entries for intercompany contracts that are compliant with Regulation W Section 23B.Execute Equity Pick Ups during monthly close and validate resultsPrepare 23A assessment and Vendor Attribution Reviews quarterly in compliance with Reg WAssist in the monthly quarterly and year-end close processes as well as assisting with audit requestsWhat youll need:Bachelors degree in Accounting Finance or Business or equivalent2 year of experience in accounting and close activitiesApplied working knowledge of U.S. Generally Accepted Accounting Principles and accounting proceduresStrong organizational analytical mathematical and project management skillsA forward-thinking and hands-on approachA desire to learnProactive and self-driven with the ability to think creatively within a flexible environmentStrong knowledge of accounting theory and practiceComputer skills including Excel Word and general ledger and reconciliation systemsKnowledge of balance sheets income statements and mathematical concepts such as fractions. percentages and ratiosNice to have:Experience with Workday FinancialsCPA certification is a plusAudit experiencePrior work experience performing Regulation W compliance and intercompany accountingRequired 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 Employment Type : Full-Time Experience: years Vacancy: 1