[Hiring] Vice President of Accounting @PayNearMe

Role Description

PayNearMe is seeking a Vice President of Accounting to lead three closely connected functions:

• The accounting, reconciliation, and controls required to demonstrate that every dollar moved as intended and was completely and accurately recorded.
• The day-to-day operational movement of client funds, including settlement, disbursements, prefunding, FBO accounts, and exceptional or manual transactions.
• Ensure timely, accurate, and GAAP-compliant monthly, quarterly, and annual financial statements.

This executive will be accountable for the integrity of PayNearMe’s financials and end-to-end funds flows. PayNearMe’s systems handle the processing of billions of $ of payments and this role will ensure that all payments and disbursements are all settled properly and that they are accounted for accurately.

This is not a Product role. Product and Engineering will design and build the platform, ledgering capabilities, integrations, and automation that move money. This leader will define the financial and operational requirements, operate the resulting system, identify control or scalability gaps, and certify that client funds and accounting records are accurate.

The position reports to the Chief Financial Officer and will partner closely with Product, Engineering, Finance, Risk, Compliance, Legal, Client Operations, and external banks, processors, payment networks, and auditors.

Qualifications

• 12–15+ years of progressive experience across payments accounting, controllership, financial operations, banking operations, treasury operations, or payment reconciliation.
• Significant leadership experience within a FinTech, payment processor, financial institution, marketplace, money transmitter, card program, or other high-volume money-movement business.
• Demonstrated ownership of complex client-funds flows, including collections, settlement, FBO or custodial accounts, prefunding, disbursements, refunds, returns, and exceptions.
• Strong knowledge of ACH, card networks, wires, real-time payments, checks, cash networks, and other payment methods.
• Deep understanding of payment processing, clearing, settlement, reconciliation, subledgers, general ledgers, and customer-funds liabilities.
• Experience leading a corporate Accounting or Controllership organization, including close, financial reporting, technical accounting, audit, and internal controls.
• Strong understanding of GAAP and the accounting implications of payment transactions, processor activity, client-funds obligations, reserves, and revenue-sharing arrangements.
• Experience designing maker/checker controls, approval authorities, system permissions, reconciliation controls, and auditable manual-adjustment processes.
• Proven ability to identify control gaps and operational risks and then work with Product, Engineering, and Data teams to build scalable solutions.
• Experience implementing or materially improving reconciliation platforms, transaction subledgers, ERP integrations, treasury or banking systems, and workflow automation.
• Strong data orientation; comfortable investigating transaction-level activity and working with large datasets. SQL or comparable analytical fluency is highly desirable.
• Experience supporting external audits, bank-partner reviews, regulatory examinations, and financial-control testing.
• CPA strongly preferred. An equivalent combination of accounting expertise and deep payments-operations leadership will be considered.
• Bachelor’s degree in Accounting, Finance, Business, or a related field; advanced degree preferred.

Requirements

• Lead PayNearMe’s Accounting organization, including general ledger, close and consolidation, revenue and transaction accounting, invoicing where required, accounts payable, payroll accounting, technical accounting, and financial reporting.
• Ensure timely, accurate, and GAAP-compliant monthly, quarterly, and annual financial statements.
• Own the accounting treatment for payments, disbursements, fees, processor costs, refunds, returns, chargebacks, reserves, client liabilities, revenue sharing, and other transaction-related activity.
• Ensure that transaction-level activity flows accurately from operational systems and subledgers into the general ledger.
• Maintain clear accounting policies for new products, payment types, contractual arrangements, and complex or unusual transactions.
• Manage the external audit and provide complete, accurate, and timely support for financial, bank-partner, client, and regulatory examinations.
• Build and maintain a scalable internal-control environment covering financial reporting, client funds, system access, manual adjustments, approvals, and segregation of duties.
• Partner with Tax, Legal, Compliance, and Risk on regulatory reporting, money-transmitter requirements, safeguarding obligations, and other matters involving client funds.

Benefits

• Competitive salary and benefits with growth-company options grant.
• Fast-paced and professional work culture.
• Stock options with standard startup vesting - 1 year cliff; 4 years total.
• $50 monthly communication expense stipend to go towards your phone/internet bill.
• $250 stipend to enhance your WFH setup.
• Reimbursement for peripheral equipment: monitor (up to $400), keyboard and mouse (up to $200).
• Premium medical benefits including vision and dental (100% coverage for employees).
• Company-sponsored life and disability insurance.
• Paid parental bonding leave.
• Paid sick leave, jury duty, bereavement.
• 401k plan.
• Flexible Time Off (our team members typically take off ~3-4 weeks per year).
• Volunteer Time Off.
• 13 scheduled holidays.