Director, Technical Accounting

Lending Club (NYSE: LC) opened in 2007 with one simple mission: create a more efficient, transparent and customer-friendly alternative to the traditional banking system that offers creditworthy borrowers lower interest rates and investors better returns. Today, we're the world's largest online credit marketplace, and we're radically changing the way lending operates. We're proud of the recognition we've received, including being named a World Economic Forum Technology Pioneer, a CNBC Disruptor 50, and one of The World's 10 Most Innovative Companies in Finance by Fast Company. We're conveniently located in downtown San Francisco, California.

The Director of Technical Accounting is a self-motivated, adaptive, quick learner who can manage and prioritize an evolving workload in a fast-paced environment with minimal supervision. This person will manage a team of three and must be able to work well across functions with a variety of skill and knowledge levels. The ideal candidate will be able to form relationships throughout the company to facilitate accounting involvement in processes and projects, and will be able to work through analyses and documentation (white papers) of complex issues while maintaining continuous contact with the VP of Accounting Policy and Financial Reporting. This position will work closely with the SEC Reporting and Corporate Accounting Departments and the external auditors, and will report to the VP of Accounting Policy and Financial Reporting.

Responsibilities:

  • Advise the business on the accounting implications of non-routine transactions, including identification, assessment and documentation related to financial instruments (loans, structured securities), transfers of financial assets (ASC 860), consolidation (ASC 810) fair value measurements (ASC 820), revenue recognition (ASC 605 and 606), goodwill (ASC 350), stock-based compensation (ASC 718), and leases (ASC842)
  • Collaborate with the Legal Department to review new or changed contracts related to business partnerships and entity structuring to identify any accounting implications
  • Assess the accounting implications of new accounting pronouncements and establish a process for frequent and appropriate communication to the Corporate Controller's Group and other stakeholders
  • Maintain the corporate accounting policy manual

Requirements:

  • Bachelor's degree in accounting
  • Certified Public Accountant
  • 10+ years of experience in accounting, including Big 4 accounting firm experience
  • Banking and/or financial services industry experience preferred
  • Advanced knowledge of US GAAP and SEC rules and regulations
  • Proven process for performing complex technical research and analysis from the problem definition stage through facilitating the integration of any new processes
  • Currently employed in a role that requires research and documentation of significant, non-routine transactions
  • Strong written and verbal communication skills (a writing sample may be requested)
  • Experience in using SQL, SAS, R or Python to conduct analysis on large data set

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See Inside the Office of LendingClub

Lending Club (NYSE: LC) is the world’s largest online credit marketplace, connecting borrowers and investors. Lending Club uses technology to lower costs, passing the savings on to borrowers in the form of lower rates—and to investors in the form of solid returns. The market leader by a wide margin, Lending Club has helped more than a million Americans achieve their financial goals to date.


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