Job Details

Join to apply for the Staff Accountant II role at SoFi

This range is provided by SoFi. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$67,200.00/yr - $126,000.00/yr

Employee Applicant Privacy Notice

Who we are
Shape a brighter financial future with us. Together with our members, we're changing the way people think about and interact with personal finance. We're a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we're at the forefront. We're proud to come to work every day knowing that what we do has a direct impact on people's lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.

The role
SoFi is seeking a Reg W and Intercompany Accountant to join SoFi's Controllership Team, reporting to the Intercompany Accounting Manager. In this role, the Reg W and Intercompany Accountant will support the Controllership mandate of having accurate consolidated and stand‑alone financial results by ensuring intercompany activity is captured appropriately and eliminated correctly. The Reg W and Intercompany Accountant will perform monitoring and validation procedures to ensure SoFi Bank remains in compliance with Regulation W Section 23A and 23B. The Reg W and Intercompany Accountant will support regulatory reporting and board reporting needs as it pertains to intercompany activities and balances.

What you'll do

• Gain an in-depth understanding of the SoFi systems and how intercompany transactions flow and are appropriately eliminated.
• Monitor variance accounts and address any balances created throughout the close process.
• Reconcile Intercompany Receivable/ Payable accounts on a monthly basis to ensure activity is appropriately charging within legal entities.
• Prepare, instruct, and track monthly settlement of Intercompany payables through collaboration with Bank Operations and Entity Controllers.
• Compute and post interest on Intercompany Notes and Regulation W collateral in accordance with legal and contractual requirements.
• Monitor Bank activities for any potential ‘covered transaction' under Regulation W Section 23A.
• Post manual journal entries for intercompany contracts that are compliant with Regulation W Section 23B.
• Execute Equity Pick‑Ups during monthly close and validate results.
• Prepare 23A assessment and Vendor Attribution Reviews quarterly in compliance with Reg W.
• Assist in the monthly, quarterly, and year‑end close processes as well as assisting with audit requests.

What you'll need

• Bachelor's degree in Accounting, Finance, or Business or equivalent.
• 2+ years of experience in accounting and close activities.
• Applied working knowledge of U.S. Generally Accepted Accounting Principles and accounting procedures.
• Strong organizational, analytical, mathematical, and project management skills.
• A forward‑thinking and hands‑on approach.
• A desire to learn.
• Proactive and self‑driven with the ability to think creatively within a flexible environment.
• Strong knowledge of accounting theory and practice.
• Computer skills, including Excel, Word, and general ledger and reconciliation systems.
• Knowledge of balance sheets, income statements, and mathematical concepts such as fractions, percentages, and ratios.

Nice to have

• Experience with Workday Financials.
• CPA certification is a plus.
• Audit experience.
• Prior work experience performing Regulation W compliance and intercompany accounting.

Compensation and Benefits

The base pay range for this role is listed above. Final base pay offer will be determined based on individual factors such as the candidate's experience, skills, and location.

To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!

Equal Employment Opportunity Statement

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

The Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

New York applicants: Notice of Employee Rights

SoFi is committed to an inclusive culture. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email ...@sofi.com.

Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.

Internal Employees

If you are a current employee, do not apply here – please navigate to our Internal Job Board in Greenhouse to apply to our open roles.

Seniority Level

Not Applicable

Employment Type

Full-time

Job Function

Accounting/Auditing and Finance

Referral Information

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