Technical Accounting & Financial Reporting Lead

Mercury is building a complete finance stack for startups. We work hard to create the easiest and safest banking* experience possible to simplify entrepreneurs' and business owners’ financial lives. In order for Mercury to accomplish this mission, we have to ensure our business is running smoothly with complete and accurate financials. That’s why we’re looking for a Technical Accounting and Financial Reporting Lead to join our finance team! 

As the Technical Accounting and Financial Reporting Lead, you will play a pivotal role in establishing and shaping the accounting policies and reporting standards at Mercury as we continue to scale. Reporting directly to the Controller, you will be responsible for ensuring our financials comply with US GAAP and helping the company navigate complex financial transactions. This role demands a proactive individual who can conduct independent research, provide technical accounting guidance, and collaborate with internal stakeholders to support business decisions. This role will also have a unique opportunity to provide feedback on the product as a user of the Mercury platform to improve accountants’ experience with the product.

You will:

• Prepare quarterly financial statements and annual disclosures in accordance with US GAAP, including the statement of cash flows.
• Prepare new or update existing accounting policy memos and review contracts for ASC 606 and other accounting implications
• Prepare technical accounting analyses for non-standard transactions including but not limited to acquisitions, equity award modifications, complex leases and new accounting pronouncements as well as internally developed software, intangible assets and other long-lived asset impairment, revenue recognition, leases, and foreign currency transactions
• Own the equity accounting and reporting process 
• Monitor new FASB accounting pronouncements and assist in the implementation of new accounting standards. 
• Develop and maintain internal controls over financial reporting and technical accounting.
• Provide product feedback on technical accounting considerations
• Assist with the audit and liaising directly with the external auditors
• Collaborate with internal teams across finance, product, and legal to address complex transactions and ensure proper accounting treatment.

You have:

• 5+ years of accounting experience with an emphasis on technical accounting
• Bachelor’s degree in Accounting, Finance, or a related field. CPA or equivalent required.
• Experience in a combination of audit and corporate experience in a financial statement reporting and technical accounting role
• Understanding of US GAAP accounting standards including but not limited to: ASC 350, ASC 606, ASC 718, ASC 805, ASC 820, ASC 842
• Strong analytical skills with the ability to research and prepare memos on complex accounting transactions
• Excellent communication and interpersonal skills, with the ability to effectively communicate complex accounting issues to a diverse stakeholders 
• Proficiency with financial reporting software and ERP systems such as NetSuite.

*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust, Members FDIC

The total rewards package at Mercury includes base salary, equity (stock options), and benefits.

Our salary and equity ranges are highly competitive within the SaaS and fintech industry and are updated regularly using the most reliable compensation survey data for our industry. New hire offers are made based on a candidate’s experience, expertise, geographic location, and internal pay equity relative to peers.

Our target new hire base salary ranges for this role are the following:

• US employees in New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $155,600 - 183,000
• US employees outside of New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $140,000 - 164,700
• Canadian employees (any location): CAD 141,600 - 166,500

We use Covey as part of our hiring and / or promotional process for jobs in NYC and certain features may qualify it as an AEDT. As part of the evaluation process we provide Covey with job requirements and candidate submitted applications. We began using Covey Scout for Inbound on January 22, 2024. Please see the independent bias audit report covering our use of Covey here.

 

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