Manager, Technical Accounting - Financial Services

Facebook is seeking a seasoned Technical Accounting Manager who can move fast and learn quickly to help solve technical accounting issues for emerging significant, non-routine, and unique transactions, with a focus on financial services products. As a Manager in our growing and dynamic Technical Accounting team at Facebook, you will be responsible for understanding the finer details of proposed or executed transactions through review of available contracts and agreements and influencing key cross-functional business partners to implement change including our U.S. and International Accounting teams. You will leverage your experience researching relevant technical guidance to identify key accounting issues and to recommend accounting and disclosure requirements for complex non-routine transactions. You will inform all key stakeholders across leadership in Engineering, Product and Project business teams, Legal, and the broader Finance organization of the accounting and business implications of transactions, particularly those with limited or no accounting background. Your experience with leading change and critically evaluating multiple paths while problem-solving will be critical. Your ability to deal with emerging accounting issues and your intuition to extend current accounting frameworks or develop new accounting models will assist you to deliver impact. You will also embrace ambiguity and Facebook's move fast culture by prioritizing responsibilities based on impact and transition well between various accounting topics, which may include areas such as: variable interest entities (VIEs), consolidation, investments, derivative and hedging, foreign currency matters, fair value measurement, accounting for cryptocurrencies and preparing carve out financial statements. You will also have external facing opportunities by attending conferences, participating in industry roundtables and/or participating in working groups to respond to proposed accounting pronouncements, rules and regulations.

MANAGER, TECHNICAL ACCOUNTING - FINANCIAL SERVICES RESPONSIBILITIES

  • Interpret U.S. GAAP accounting standards and SEC guidance to determine the accounting and financial reporting treatment for new, material, and/or complex, unusual transactions or agreements and bridge to the related IFRS accounting standards
  • Prepare or review technical accounting memorandums for significant transactions and provide guidance to other members of the technical accounting team
  • Collaborate with and influence various stakeholders including treasury, FP&A, accounting operations, business stakeholders, external auditors, accounting standard setters and regulators to support the preparation and review of precedent setting accounting positions, policies, and financial statements
  • Provide insight on or prepare new or existing accounting policies based on evolving industry standards and best practices and drive changes in those areas
  • Monitor, understand and provide interpretation of new and proposed accounting pronouncements including areas related to accounting for cryptocurrencies to assist key stakeholders in assessing financial, operational and reporting implications
  • Actively participate or assist with external facing stakeholder activities such as attending accounting conferences, industry roundtables and/or standard setting working groups
  • Facilitate trainings on relevant accounting topics to Facebook personnel
  • Oversee, develop and mentor other Technical Accounting personnel
MINIMUM QUALIFICATIONS
  • Bachelor or higher degree in accounting or finance
  • CPA or equivalent qualification
  • US GAAP experience
  • 10+ years of accounting/finance experience
PREFERRED QUALIFICATIONS
  • 7+ years of experience at a public accounting firm
  • Demonstrated knowledge and experience researching and documenting new accounting guidance and the accounting treatment of issues
  • Experience working through ambiguity to communicate clear accounting positions and operational solutions
  • Experience in the financial services or FinTech
  • Experience in a technical accounting role of a public US company
  • Experience with dealing with accounting matters related to payment processing industry
Facebook's mission is to give people the power to build community and bring the world closer together. Through our family of apps and services, we're building a different kind of company that connects billions of people around the world, gives them ways to share what matters most to them, and helps bring people closer together. Whether we're creating new products or helping a small business expand its reach, people at Facebook are builders at heart. Our global teams are constantly iterating, solving problems, and working together to empower people around the world to build community and connect in meaningful ways. Together, we can help people build stronger communities - we're just getting started.

Facebook is committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may contact us at accommodations-ext@fb.com .

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Facebook is committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may contact us at accommodations-ext@fb.com . Requests sent to this email address that do not pertain to disability or religious accommodations cannot be answered.

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