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Senior Technical Accountant

Company Description

Are you ready to trade your job for a journey? Become a FlyMate!

Passion, excitement & global collaboration are all core to what it means to be a FlyMate. At Flywire, we’re on a mission to deliver the world’s most important and complex payments. We use our Flywire Advantage - the combination of our next-gen payments platform, proprietary payment network and vertical specific software, to help our clients get paid, and help their customers pay with ease - no matter where they are in the world.

What more do we need to truly be unstoppable? Perhaps, that is you! 

Who we are: 

Flywire is a global payments enablement and software company, delivering high-stakes, high-value payments across the global education, healthcare, travel and B2B industries.

Today, we’ve digitized payments for more than 4,000+ global clients in more than 140 currencies across 240 countries and territories around the world.  And, we’re just getting started!

With over 1,300+ global FlyMates, representing more than 40 nationalities, and in 12 offices world-wide, we’re looking for FlyMates to join the next stage of our journey as we continue to grow.

Job Description

The Opportunity:

Flywire is seeking a Senior Technical Accountant to assist in revenue recognition and various technical accounting matters to ensure compliance with generally accepted accounting principles, corporate policies, and internal & external audits. This role will report to our Director of Revenue Recognition and Technical Accounting.

The ideal candidate possesses leadership capabilities, solid operational and technical accounting background and works proactively to drive results. In addition, a successful candidate must have the ability to operate effectively in a rapidly scaling and dynamic environment.

Key Responsibilities:

  • Review customer revenue contracts to determine and document the appropriate revenue recognition to be applied

  • Partner with Legal, Sales, Gross Margin Ops, and serve as the accounting point of contact on revenue recognition, and assist in contract structuring

  • Assist with ad hoc technical projects as needed (e.g., business combinations, debt issuance, equity transactions, and lease transactions etc.).

  • Prepare technical accounting analyses and documentation for complex accounting issues and provide accounting consultation advice to the relevant business partners.

  • Participate in the ongoing development/establishment of accounting policies and procedures and operational strategies including the review and implementation of process and system changes.

  • Assist with certain monthly and quarterly close activities and support operational teams with accounting matters as the subject matter expert.

  • Prepare relevant internal control documentation for responsible areas and ensure compliance with SOX policies.

  • Collaborate with internal and external auditors to ensure successful audit results

Qualifications

Here’s What We’re Looking For:

  • 3-4 years of relevant experience from public accounting and/or public multinational SAAS or payment processing companies, Big 4 experience and CPA is strongly preferred

  • Excellent understanding of US GAAP accounting principles with a strong knowledge of revenue recognition principles within ASC 606 Revenues from contracts with customers

  • Bachelor’s degree in Accounting or Finance

  • Highly organized, detail-oriented, resourceful, & self-motivated with a desire for continuous improvement

  • Strong interpersonal, project management, oral and written communication skills 

  • Ability to work with various business partners and influence decision making

Technologies We Use:

  • Netsuite

  • Floqast

  • Looker

  • Google Workspace

  • Microsoft Office products

Additional Information

What We Offer:

  • Competitive compensation, including Restricted Stock Units 
  • Employee Stock Purchase Plan (ESPP)
  • Flying Start - Our immersive Global Induction Program (Meet our Execs & Global Teams)
  • Work with brilliant people that will keep you on your toes, learn more about their journeys by checking out #InsideFlywire on social media
  • Dynamic & Global Team (we have been collaborating virtually for years!)
  • Wellbeing Programs (Mental Health, Wellness, Yoga/Pilates/HIIT Classes) with Global FlyMates 
  • Be a meaningful part in our success - every FlyMate makes an impact
  • Competitive time off including FlyBetter Days to volunteer in a cause you believe in and Digital Disconnect Days!
  • Great Talent & Development Programs (Managers Taking Flight – for new or aspiring managers!)

Submit today and get started!

We are excited to get to know you! Throughout our process you can expect to meet with different FlyMates including the Hiring Manager, Peers on the team, the VP of the department, and a skills assessment. Your Talent Acquisition Partner will walk you through the steps and be your “go-to” person for any questions.

The US base salary range for this full-time position is $56,000 to $80,000 plus restricted stock units and benefits. Our salary ranges are determined by role, position level, and location. The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations. Within the range, individual pay is determined by work location and several other factors, including job-related skills, experience, relevant education and training. Your Talent Acquisition Partner can share more about the specific salary range for your preferred location during the hiring process.

Flywire is an equal opportunity employer. With over 40 nationalities across 12 different offices diversity, gender equality, and inclusion are at the core of our people agenda. We believe our FlyMates are our greatest asset, and we’re excited to watch our unique culture evolve with each new hire.

#LI-Hybrid

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Average salary estimate

$68000 / YEARLY (est.)
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$56000K
$80000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Senior Technical Accountant, Flywire

If you're a talented and detail-oriented Senior Technical Accountant looking for a new adventure, Flywire in Boston, MA, has just the opportunity for you! At Flywire, we're passionate about delivering high-stakes payments and supporting our clients across diverse sectors like education and healthcare. As a Senior Technical Accountant, you'll play a vital role in ensuring compliance with accounting principles and corporate policies while collaborating with various teams. You will dive into customer revenue contracts to determine accurate revenue recognition and partner with Legal and Sales in contract structuring. Your analytical skills will shine as you prepare technical accounting documentation for complex issues and guide business partners with accounting advice. Your expertise won't go unnoticed as you participate in developing accounting policies and assist with monthly close activities. This role offers a thriving environment where you can leverage your Big 4 experience and CPA credentials, while also utilizing technologies like Netsuite and Google Workspace. Join us, and you'll work alongside talented professionals who are eager to make a significant impact as we continue to grow. At Flywire, every FlyMate counts, and we can't wait for you to bring your passion and expertise to our team!

Frequently Asked Questions (FAQs) for Senior Technical Accountant Role at Flywire
What are the responsibilities of a Senior Technical Accountant at Flywire?

As a Senior Technical Accountant at Flywire, you will engage in crucial tasks including reviewing revenue contracts for compliance, partnering with various departments on revenue recognition, and preparing documentation for technical accounting analyses. You will also assist in establishing accounting policies and be an influential subject matter expert during monthly and quarterly close activities.

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What qualifications are required for the Senior Technical Accountant position at Flywire?

The ideal candidate for the Senior Technical Accountant role at Flywire should possess a CPA, have 3-4 years of relevant experience, particularly from a public accounting background or within a multinational SaaS environment. A solid understanding of US GAAP and revenue recognition principles, especially ASC 606, is essential for this position.

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What technologies will a Senior Technical Accountant use at Flywire?

In the Senior Technical Accountant role at Flywire, you will utilize various technologies including Netsuite for financial management, Floqast for close management, Looker for data visualization, and Google Workspace for collaboration. Familiarity with these tools will enhance your efficiency in performing your duties.

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What is the expected salary range for the Senior Technical Accountant role at Flywire?

The US base salary range for the Senior Technical Accountant position at Flywire is $56,000 to $80,000. This range can vary depending on factors such as location, skills, education, and experience, along with potential benefits like Restricted Stock Units and an Employee Stock Purchase Plan.

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What does the work environment look like for a Senior Technical Accountant at Flywire?

Working as a Senior Technical Accountant at Flywire means being part of a dynamic and global team. Flywire emphasizes collaboration, professional development, and wellbeing, offering programs such as yoga classes and paid volunteer time. You'll be engaging with diverse colleagues in a culture that values inclusion and continuous improvement.

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Common Interview Questions for Senior Technical Accountant
Can you explain revenue recognition and its importance for a Senior Technical Accountant?

Revenue recognition is the accounting principle determining when revenue is recognized in financial statements. For a Senior Technical Accountant, it's crucial as it directly impacts financial reporting and compliance. When answering this question, highlight your understanding of ASC 606 and its application in determining the timing and amounts of revenue recognized from contracts.

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How do you handle complex accounting issues?

When faced with complex accounting issues, I approach them methodically by first gathering all relevant information. I then analyze the data in accordance with applicable accounting standards, consult with my team if needed, and prepare thorough documentation for transparency. Illustrate this method with a specific example from your past experience.

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Describe your experience with US GAAP and how it applies to revenue recognition.

My experience with US GAAP includes thorough knowledge and application of accounting principles, particularly surrounding revenue recognition under ASC 606. I have worked on projects requiring the analysis of contracts, which honed my skills in identifying revenue streams and ensuring compliance. Be prepared to explain a specific project that illustrates your expertise.

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What strategies do you use to collaborate with cross-functional teams?

Effective collaboration with cross-functional teams involves open communication and understanding the roles of each department. I implement regular check-ins and utilize project management tools to track progress. Providing an example where you successfully collaborated with other teams can demonstrate your proficiency.

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How do you ensure compliance with internal controls and SOX policies?

To ensure compliance with internal controls and SOX policies, I rigorously adhere to established procedures, regularly review controls for effectiveness, and maintain thorough documentation of financial processes. Sharing a specific instance where your adherence to these controls led to successful audits can strengthen your answer.

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What experience do you have in preparing technical accounting documentation?

My experience in preparing technical accounting documentation involves researching accounting standards, analyzing the implications for specific transactions, and drafting clear, concise reports for various stakeholders. Discuss a case where your documentation made a positive impact or facilitated decision-making in your organization.

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How do you stay updated with changes in accounting regulations?

I stay updated with changes in accounting regulations through continuous education, pursuing professional development courses, subscribing to accounting journals, and participating in relevant webinars. Mention specific resources or networks that have been particularly beneficial.

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What impact do you believe a Senior Technical Accountant has on company success?

A Senior Technical Accountant plays a vital role in ensuring accurate financial reporting and compliance, which builds stakeholder trust and maintains the company’s reputation. A solid financial foundation can influence business decisions and support growth strategies. Articulate your understanding of this impact and how you see your contribution shaping company success.

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Tell us about a time you identified and resolved an accounting discrepancy.

In a previous role, I identified a discrepancy during the month-end close process which stemmed from a misrecorded revenue entry. I reconvened with relevant teams, rectified the error, and updated our reconciliation process to prevent future discrepancies. This illustrates your attention to detail and problem-solving abilities.

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Why do you want to work as a Senior Technical Accountant at Flywire?

I am attracted to the Senior Technical Accountant role at Flywire because of the company's innovative approach to global payments and its emphasis on collaboration and personal growth. I’m eager to contribute my expertise while also evolving in a dynamic environment that values diversity and inclusion. Highlight what specifically resonates with you about Flywire's culture and mission.

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Flywire ensures organizations deliver on their customers’ most important moments.

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BENEFITS & PERKS
Dental Insurance
Disability Insurance
Vision Insurance
Performance Bonus
Paid Holidays
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
December 22, 2024

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