Accounting Team Lead
2 weeks ago
Snap Inc is a leading technology firm that harnesses the power of the camera to enhance human interaction and communication. We are dedicated to fostering creativity and enabling individuals to express themselves, engage with the world, and enjoy shared experiences.
Our primary offerings include Snapchat, a visual messaging platform that strengthens connections with friends and family; Lens Studio, an augmented reality tool that facilitates AR experiences across various platforms; and our innovative AR eyewear, Spectacles.
The Finance Department encompasses various teams, including Accounting, Financial Planning, Operations, Systems, Internal Audit, Investor Relations, Tax, and Treasury. Together, we collaborate with leadership to deliver insights and guidance that inform strategic decisions, communicate our business model to investors, and ensure financial stability and compliance with reporting standards.
Position Summary:
We are seeking an Accounting Team Lead to join our dynamic Accounting division. In this role, you will oversee a small team, evaluate accounting practices for specific transactions, document and report financial activities, and streamline processes for accurate data management.
Your role will involve daily collaboration with cross-functional partners to guarantee precise and timely accounting in accordance with US GAAP.
Key Responsibilities:
- Lead a team of 2-3 accounting professionals, focusing on coaching, performance evaluations, and development planning.
- Establish the direction, priorities, and workload distribution for your team, managing multiple projects simultaneously.
- Oversee various accounting functions, including Leases, Fixed Assets, and Expense Accruals.
- Review monthly and quarterly journal entries and account reconciliations, ensuring high-quality deliverables.
- Build strong relationships with business partners to provide accounting support, including research and recommendations on accounting matters.
- Design and implement new processes and controls as necessary.
- Analyze and present information to facilitate decision-making and action.
- Prepare and review materials for internal and external reporting on a monthly and quarterly basis.
- Assess and document appropriate US GAAP treatment for various transactions, particularly in the area of ASC 842 Leases.
- Draft and maintain accounting policies related to Lease accounting, Fixed Assets, and Expense accruals.
- Identify risks and drive process improvements, implementing controls and maintaining documentation in compliance with SOX.
- Support external financial audits and periodic internal audits.
- Assist with ad hoc analyses and projects as required.
Qualifications:
- Bachelor's Degree in Accounting or Finance, or equivalent experience.
- 6+ years of experience in accounting roles.
- 2+ years of experience in a managerial capacity.
- CPA License is required.
Preferred Qualifications:
- Experience with a Big 4 accounting firm.
- Background in Fortune 500 or private companies.
- Familiarity with cloud-based financial systems (e.g., Oracle, Netsuite).
- 2+ years of experience focusing on ASC 842 Lease Accounting.
At Snap, we value diversity and are committed to creating an inclusive environment for all employees. We are proud to be an equal opportunity employer, providing opportunities regardless of race, religion, color, national origin, disability, gender, or any other protected classification.
Benefits:
Snap Inc offers a comprehensive benefits package designed to support the well-being of our employees and their families. Our offerings include paid parental leave, extensive medical coverage, mental health support programs, and compensation packages that allow you to share in Snap's long-term success.
Compensation is determined based on job-related skills, experience, qualifications, and market conditions. The salary range for this position varies by location and is subject to change.
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