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Facebook Manager, Technical Accounting - FinTech in Pierre, South Dakota

Intro:

Facebook's mission is to give people the power to build community and bring the world closer together. Through our family of apps and services, we're building a different kind of company that connects billions of people around the world, gives them ways to share what matters most to them, and helps bring people closer together. Whether we're creating new products or helping a small business expand its reach, people at Facebook are builders at heart. Our global teams are constantly iterating, solving problems, and working together to empower people around the world to build community and connect in meaningful ways. Together, we can help people build stronger communities - we're just getting started.

Summary:

Facebook is seeking a seasoned Technical Accounting Manager who can move fast and learn quickly to help solve technical accounting issues for emerging significant, non-routine, and unique transactions, with a focus on fintech initiatives and financial services products. As a Manager in our growing and dynamic Technical Accounting team at Facebook, you will be responsible for understanding the finer details of proposed or executed transactions through review of available contracts and agreements and collaboration with key cross-functional business partners including our US and International Accounting teams. You will leverage your experience researching relevant accounting guidance to identify key accounting issues and to propose accounting and disclosure requirements for complex non-routine transactions. Your ability to communicate concisely and effectively, will inform all key stakeholders in Engineering, Product and Project business teams, Legal, and the broader Finance organization of the accounting and business implications of transactions, particularly those with limited or no accounting background. You will also embrace ambiguity and Facebook’s move fast culture by prioritizing responsibilities based on impact and transition well between various accounting topics, which may include areas such as: revenue recognition, specifically related to financial services and payment related products (e.g. credit-based) (including but not limited to principal vs. agent considerations, multiple element arrangements, variable consideration, revenue collectability, classification of transaction fees, transferring and servicing of financial assets, and more), variable interest entities (VIEs), consolidation, business combinations, investments, accounting for cryptocurrencies and other digital assets, fair value measurements, and carve out financial statements including basis of presentation considerations. You will also have external facing opportunities by participating in industry roundtables and/or participating in working groups to respond to proposed accounting pronouncements, rules and regulations.

Required Skills:

  1. Interpret U.S. GAAP accounting standards and SEC guidance to determine the accounting and financial reporting treatment, including internal control considerations, for new, material, and/or complex, unusual transactions or agreements, including in the deal structuring phase

  2. Partner with our Dublin-based Technical Accounting team to bridge to the related IFRS accounting standards and our SEC reporting team to bridge relevant disclosure requirements

  3. Prepare or review technical accounting memorandums for significant transactions

  4. Proactively partner and collaborate with accounting operations, other finance functions, key business stakeholders, corporate development, internal audit, external auditors, accounting standard setters and regulators to support the preparation and review of precedent setting accounting positions, policies, and financial statements

  5. Provide insight to or participate in preparation of new or existing accounting policies with the Accounting Policy Governance team based on evolving industry standards and best practices and drive changes in those areas

  6. Monitor, understand and provide interpretation of new and proposed accounting pronouncements in areas of focus to assist key stakeholders in assessing financial, operational and reporting implications

  7. Actively participate or assist with external facing stakeholder activities such as industry roundtables and/or standard setting working groups

  8. Facilitate trainings on relevant accounting topics to Facebook personnel

Minimum Qualifications:

  1. 8+ years of Technical Accounting experience

  2. Bachelor or higher degree in accounting or finance

  3. CPA, or equivalent qualification with US GAAP experience

Preferred Qualifications:

  1. 5+ years of experience at a public accounting firm

  2. Demonstrated knowledge and experience in researching and documenting new accounting guidance and the accounting treatment of issues

  3. Experience working through ambiguity to communicate clear accounting positions and operational solutions

  4. Experience in FinTech, payment related products or financial services

  5. Experience in a technical accounting role of a public US company

Industry: Internet

Equal Opportunity: Facebook is proud to be an Equal Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. Facebook is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please let us know at accommodations-ext@fb.com.

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