The Product Principal Accountant is responsible for managing the accounting and financial reporting of product-related activities (e.G.
credit card, deposits, personal loans) within the organization.
This role involves coordinating across departments to ensure accurate accounting for product valuation and allowance, revenue recognition, and financial analysis.
The ideal candidate will be proficient in managing complex financial data, performing reconciliations, and ensuring compliance with accounting standards (SOFIPO, Banking, US GAAP).Responsibilities:Oversee the application of revenue recognition standards for product-related transactions (e.G.
credit card, deposits, personal loans).
Ensure compliance with accounting standards or other relevant financial framework in relation to product operations.Prepare and analyze financial reports for product lines, including gross margins and profitability analysis for each product.
Provide insights and recommendations to management regarding product performance.Partner with product management, operations, and DAE teams to gather relevant financial data and support decision-making.
Collaborate on product pricing, cost management, and financial forecasting.Support the month-end close process, ensuring accurate recording of product-related expenses, revenues, and allowance.
Review journal entries and account reconciliations related to product accounting.Support external audits and internal audits.
Assist in preparing documentation and reports for audits related to product accounting, ensuring compliance with accounting standards.Identify opportunities for process improvements in product accounting and start automation projects.
Implement best practices to increase efficiency and accuracy in financial processes.Minimum Requirements:Bachelor's degree in Accounting.Minimum of 5 years of experience in accounting or audit, with a focus on product accounting.Experience with accounting software and ERP systems (preferred NetSuite).Strong knowledge of US GAAP, IFRs, and SOFIPO/Banking standards.Strong analytical skills with the ability to interpret financial data and provide actionable insights.Detail-oriented with excellent organizational skills.Ability to collaborate effectively across departments and communicate complex financial information to non-financial stakeholders.Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP, etc.
).Ability to manage multiple priorities and meet deadlines in a fast-paced environment.Strong problem-solving skills and a proactive approach to resolving issues.Ability to work independently and as part of a team.#J-18808-Ljbffr