LendingClub

Sr Accounting & Financial Reporting Manager

Posted on: 7 Feb 2021

San Francisco, CA

Job Description

Current Employees of LendingClub: Please apply via your internal Workday Account

LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC, and the only full-spectrum fintech marketplace bank. Members can gain access to a broad range of financial products and services through a technology-driven platform, designed to help them pay less when borrowing and earn more when saving. Since 2007, more than 3 million members have joined the Club to help reach their financial goals. Were leading the governance of a new industry by developing ethical, responsible ways to bring greater value and better opportunities to our members. Everyone deserves a better financial future and our team is committed to making that a reality. Come join us!


About the Role

The Senior Financial Reporting Manager will be responsible for the preparation, review and filing of required quarterly and annual financial statements with the SEC (Form 10-Q, Form 10-K), as well as quarterly Earnings Releases and ad hoc SEC filings (Form 8-K). This position will work closely with the Technical Accounting and Corporate Accounting departments and external auditors, and will report to the Director of SEC Reporting.



What You'll Do

Responsibilities:

* Participate in the design, preparation, and completion of external and internal financial reports, including audited financial statements and SEC filings;
* Research, interpret and implement accounting and regulatory guidance and instructions to ensure accurate and relevant disclosures in audited financial statements and SEC filings;
* Execute and maintain an effective internal control environment;
* Establish and leverage relationships with internal business partners;
* Continuously work to enhance and streamline reporting processes and controls;
* Support the annual external audit and quarterly reviews;
* Assist in preparing communications to the Disclosure Committee and Audit Committee; and
* Participate in ad hoc projects related to possible debt and equity issuance, SEC comment letters, and disclosure research.



About You

About You

* Bachelors degree in accounting
* CPA license required
* 6+ years of work experience in accounting with some direct industry experience in SEC reporting at a US publicly traded company
* XBRL knowledge required
* Big 4 accounting firm experience preferred
* Prior experience with Wdesk (Workiva) software a plus
* Thorough, comprehensive and current understanding of U.S. GAAP, financial reporting principles, and SEC regulatory requirements
* Demonstrates strong communication skills (both written and verbal)
* Proven strong analytical skills
* Strong MS Office skills required, including proficiency in Excel
* Self-motivated, proactive, quick learner with a desire to improve processes and drive the accounting department towards increasing efficiencies
* Ability and desire to build and cultivate strong relationships with team members and internal business partners
* Adaptive in a fast-paced, time-sensitive environment, with the ability to manage multiple priorities

LendingClub is an equal opportunity employer and dedicated to diversity, equity, and inclusion in the workplace. We do not discriminate on the basis of race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), gender, gender identity, gender expression, sexual orientation, age, marital status, veteran status, disability status, political views or activity, or other applicable legally protected characteristics. We believe that a variety of perspectives will make our teams and business stronger as we work together to transform the traditional banking system.

We are committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you need assistance or an accommodation due to a disability, please contact us at interviewaccommodations@lendingclub.com.

LendingClub

San Francisco, CA

LendingClub is a US peer-to-peer lending company, headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. LendingClub is the world's largest peer-to-peer lending platform. The company claims that $15.98 billion in loans had been originated through its platform up to December 31, 2015.

LendingClub enables borrowers to create unsecured personal loans between $1,000 and $40,000. The standard loan period is three years. Investors can search and browse the loan listings on LendingClub website and select loans that they want to invest in based on the information supplied about the borrower, amount of loan, loan grade, and loan purpose. Investors make money from interest. LendingClub makes money by charging borrowers an origination fee and investors a service fee.

LendingClub also makes traditional direct to consumer loans, including automobile refinance transactions, through WebBank, an FDIC-insured, state-chartered industrial bank that is headquartered in Salt Lake City Utah. The loans are not funded by investors but are assigned to other financial institutions.

The company raised $1 billion in what became the largest technology IPO of 2014 in the United States. Though viewed as a pioneer in the fintech industry and one of the largest such firms, LendingClub experienced problems in early 2016, with difficulties in attracting investors, a scandal over some of the firm's loans and concerns by the board over CEO Renaud Laplanche's disclosures leading to a large drop in its share price and Laplanche's resignation.

 

Similar Jobs