Senior Associate, Finance
3 weeks ago
Omidyar Network is a philanthropic organization whose mission is to bend the arc of the digital revolution toward shared power, prosperity, and possibility. Digital technology is a powerful and ubiquitous force, that, harnessed wisely, makes wondrous things happen. We believe in working together to guide tech's trajectory intentionally. Our vision is for our shared humanity to steer our digital future. So far, we have committed more than $1.86 billion to initiatives that share our vision. We engage, partner, and fund some of the world's brightest thinkers and innovators to guide our digital future toward the greatest good for the greatest number of people.
About the Finance Team:
We appreciate the operational, financial, and strategic purpose of accounting and finance in service of social impact and systems change. We collaboratively engage with cross functional teams, external partners and stakeholders to provide quality results, ensure regulatory compliance and support the mission of the organization. Our goal is to responsibly serve the long-term mission of ON and act as stewards of company resources. This role requires critical thinking, building connections and influencing stakeholders through effective communication, an analytical approach, and a bias towards action.
About the Role:
In this role, you will be supporting programmatic work and working closely together with the operations team.
You will have a direct ability to impact the success and the trajectory of the organization through work that will cover short- and longer-term forecasting, thorough analysis to support strategic decision making, and various projects aimed at improving the performance of the organization. Your unique position will enable you to connect the dots across various parts of the organization.
Position Summary:
Reporting to the Head of Finance, the Senior Associate, Finance will support financial planning & analysis, investment accounting and operations, operational planning, and risk management. Responsibilities include, but are not limited to:
- Financial Planning & Analysis: Assist with preparation of monthly Budget Variance Analysis (BvA) reporting and analysis, including preparation of ad-hoc financial analysis, slide decks, management and board reports. Track budget transfers for operations expenses (Opex) BvA. Support annual budgeting process.
- Investments: Assist with Investment Accounting, including; capital calls, realized gains, investment roll-forwards, quarterly Fund (NAV) cap statements, annual direct investment valuations, and other investee data collection. Supports quarterly investment reporting to family office, and annual investment reporting to management and board.
- Accounts Payable: Review & process payments, adjust spending limits, and monthly reporting.
- Programmatic Support: Analyze and make recommendations for accounting treatments for non-standard activities (e.g., grants, investments, international transactions).
- General Team Support:
- Learn and perform other accounting responsibilities as needed, including back-up responsibilities during special projects, audits, transitions and vacations.
- Assist with month-end close procedures including preparation of journal entries, reconciliations, review and other duties as necessary.
- Support clear and accurate documentation of monthly and year end accounting activities as well as documentation of key process controls and procedures.
- Initiate and implement continuous process/reporting/system improvements and contributes to the assessment of internal controls.
- Participate in the implementation, maintenance, trouble-shooting, and upgrade of business systems and processes.
- Participate in cross-functional teams, providing functional expertise as needed.
- Support tax (Federal, State, Local, Property, foreign filing analysis), audit, and other regulatory reporting.
While we are currently working in a hybrid capacity, the position will be based out of our Redwood City (CA) office. Employees are required to reside within 100 miles of ON's Redwood City office location. Candidates must have a current U.S. work authorization to be considered.
Compensation:
This is a full-time, salaried position that features competitive pay and benefits, including health care (medical/dental/vision), paid time off, and a generous employer 401k contribution. The salary range for this role is $125,791 to $157,238. ON manages pay equity seriously and new hires generally start at the midpoint of this range.
Qualifications:
- 4+ years relevant finance and/or accounting experience (i.e., blend of audit and investment industry experience); CPA/CFA preferred
- Proven understanding of financial reporting and analysis, as well as accounting principles and practices (US GAAP)
- Experience with business systems implementations and maintenance, including GL, AP, FP&A, ERP, etc. a plus
- High level critical thinking, problem-solving, communication, and interpersonal skills
- Strong analytical skills with ability to analyze financial information, identify trends, and make forecasts
- Ability to work independently while managing multiple project assignments
- Self-motivated and exhibits strong judgment and professionalism at all times
- Strict adherence to ethical and confidentiality guidelines
- Expert in Excel, including experience building analyses and models, and proficient computer skills (e.g., MS Office - PowerPoint; experience with Ramp, Intacct, Adaptive Planning, Salesforce, iLevel, etc a plus)
At Omidyar Network, diversity, equity, and inclusion are directly aligned with our fundamental belief that people are inherently capable, but they often lack opportunity. We know that a diverse workforce allows us to see problems in more nuanced ways, creating the thought leadership needed to have outsized positive returns on the world. We actively recruit, develop, and retain the most dedicated people from a diverse candidate pool. Omidyar Network is an equal opportunity employer and encourages people from all experiences, abilities, and perspectives to apply.
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