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Senior Accountant

LendingHome

San Francisco, CA, US
  • Job Type: Full-Time
  • Function: Accounting/Finance
  • Industry: Consumer
  • Post Date: 07/20/2021
  • Website: lendinghome.com
  • Company Address: LendingHome Corporation 201 Post St. Floor 12, San Francisco, CA, 94108

About LendingHome

LendingHome's built-from-scratch technology simplifies every stage of the loan process, ensuring easy financing for both novice and experienced real estate investors.

Job Description

LendingHome supports real estate investors by offering the opportunity to build successful businesses through a simplified loan process. Our competitive product, innovative technology, and experienced team are changing the way real estate investors receive funding for their fix-and-flip and rental properties, transforming the experience from end to end.


The Team

With our built-from-scratch technology that covers every stage of the loan process, LendingHome has opened access and simplified a way for real estate investors—both novice and experienced—to get financing, generate wealth, and build businesses. Since founded in 2013, we have funded over $6 billion dollars worth of loans across about 30,000+ projects, becoming the nation's largest hard money lender. Combining the best technology and the most knowledgeable people, LendingHome has grown to a team of over 300 and has won many awards over the years including Forbes Fintech 50, Finovate Awards: Best Digital Mortgage Platform, Fast Company’s Most Innovative Companies, and many more. LendingHome is uniquely positioned to become the next great financial services brand powered by the most advanced mortgage platform in the world.

Loans funded: More than $6 billion in fewer than 6 years
Market Share: Increased from ~2.5% in Q1 2020 to over 5.5% in Q3 2020.
Financial Impact: Since April 2020, LendingHome has been profitable every month, a rarity for a fast growing fintech company.
Geography: Lending in 26 states, which account for more than 80% of the nation’s real estate market
Homes financed: About 30,000
Principal and interest returned to investors: More than $5.18 billion
Employees: About 300 employees in San Francisco and Pittsburgh

The Team

The Accounting team ensures all money movements can be accounted for and ensures LendingHome can generate valuable insights from financial reports. We partner with all areas of the business to ensure compliance with policies and procedures.

The Role

We are looking for a self-starting and technically strong Senior Accountant, who is excited to grow with the organization. This cross-functional opportunity will provide the ideal Senior Accountant candidate with exposure to all levels of the organization including senior management. The Senior Accountant will handle day to day loan accounting activities and have knowledge of US GAAP. The ideal Senior Accountant candidate will take on more technical aspects of accounting and reporting and experience interpreting and implementing technical pronouncements.

LendingHome has a very collaborative culture and is fast-paced. We just implemented Workday and there are opportunities to help improve processes and integrate new features. We are building a great company here and people who are passionate about creating and building something meaningful can be very successful.

Responsibilities

  • Prepare entries, perform research, and efficiently analyze large volume transactional data for loan accounting lifecycle (originations to servicing) and other parts of the business.
  • Prepare journal entries to record the financial transaction activities including cash/restricted cash, borrower and investor payables/receivables, and loan servicing. 
  • Collaborate with the accounting team to complete the month-end close procedures and deliverables timely.
  • Perform monthly reconciliations of key servicing accounts.
  • Prepare balance sheet account reconciliations and roll forwards.
  • Prepare monthly consolidated P&L and balance sheet fluctuation analysis for management reporting and analysis.
  • Collaborate with business partners to ensure compliance with corporate accounting policies, procedures, internal controls, and provide support for special requests.
  • Provide analysis on financial results (trends, performance metrics, benchmarks).
  • Assist in financial audit with external auditors for audit requests.
  • Participate in the ongoing development and establishment of accounting policies and procedures.
  • Assist in compliance, investor and tax reporting.
  • Drive to continuously improve the automation of the accounting and reporting process.
  • Participate in various department-wide initiatives and ad-hoc projects as necessary.

Qualifications

  • At least 4 years of overall general accounting experience, tech/mortgage/financial service industry & public accounting experience combination preferred.
  • BA in Accounting required; CPA or in process.
  • Strong Excel skills required; experience with eshares/Carta and Workday a plus.
  • Accounting experience in a publicly-traded and/or start-up company is a plus.
  • Strong analytical skills, accuracy, and attention to detail.
  • Ability to work in a fast-paced and changing environment.
  • Strong organizational, written and verbal communication skills required.
  • Ability to effectively interact, verbally and in writing, with individuals throughout the company.
  • Ability and willingness to meet business critical deadlines.
  • Strong time management and organizational skills.
  • Detail-oriented, ability to multi-task and work independently.

LendingHome in the News


 Benefits and Perks 

  • Career Growth: We foster an environment that encourages opportunities to use your voice, make an impact, and move towards your long-term goals.
  • Lunch & Snacks: Hungry? We have you covered! Enjoy catered lunches and Bagel Wednesdays—and don't forget to take your pick of healthy snacks and drinks daily from our fully stocked kitchen.
  • Work-life Balance: With our flexible time off policy, you can enjoy a well-rounded lifestyle while easily balancing work, travel, loved ones, and passions.
  • Family Matters: We know your role here might not be the only one you have. Enjoy your job as a parent and welcoming your new bundle of joy with our competitive parental leave policy.
  • Commuter Benefits: Travel from A to B without the stress. We help you save money on your commute to work with pre-tax deductions and a monthly stipend.
  • Product Ownership: We recognize your hand in making our business great. With offered equity, you can claim your stake in our growth.
  • Health Insurance: Your well-being is important to us. Our comprehensive medical, dental, and vision plans ensure that your mind and body are in good keeping.

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