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Facebook Novi Accounting Manager, Operations in Menlo Park, California

Intro:

Facebook's mission is to give people the power to build community and bring the world closer together. Through our family of apps and services, we're building a different kind of company that connects billions of people around the world, gives them ways to share what matters most to them, and helps bring people closer together. Whether we're creating new products or helping a small business expand its reach, people at Facebook are builders at heart. Our global teams are constantly iterating, solving problems, and working together to empower people around the world to build community and connect in meaningful ways. Together, we can help people build stronger communities - we're just getting started.

Summary:

For many people around the world, basic financial services are still out of reach: about 1.7 billion adults globally remain unbanked. The cost of that exclusion is significant — $25 billion is lost by migrants every year through remittance fees. This is the challenge we’re hoping to address with Novi, a Facebook subsidiary whose goal is to provide people everywhere access to safe and affordable financial services through Libra, a new global payment system powered by blockchain technology. Our first product will be a digital wallet - Novi - for Libra, and it will be available in Messenger, WhatsApp, and as a standalone app.At Novi, you will be working with a talented and dedicated group of people who are passionate about changing the world. Our leadership is experienced and some of the best minds working today in their respective fields.The Novi Accounting Operations team is building out its infrastructure and operations to account for and report Novi’s digital wallet transactions. Novi Accounting Operations partners closely with various internal stakeholders including the company’s product and engineering teams. We are seeking an experienced accounting professional who has worked on cross-functional projects with a focus on building and operationalizing accounting systems and processes and has experience with accounting and reconciling large volume transactions. The candidate will need to be independent and self-motivated with a strong desire to understand how things work, organized with attention to detail, and flexible in this rapidly growing environment.

Required Skills:

  1. Prepare journal entries and reconcile wallet activity for Novi coin inventory transactions, incentive payouts, partner payments, and other non-wallet transactions

  2. Work closely with cross functional teams including Engineering to understand upstream data flows and to be able to perform data analytics to explain accounting results

  3. Review partner contracts to ensure consistency with system and accounting results

  4. Support expansion for new digital asset product launches by defining and communicating accounting requirements and framework of our infrastructure, processes, policies, and timelines to cross-functional teams and by performing key testing for successful integration and product launches

  5. Document processes and policies while partnering with Internal Audit to identify risks and define mitigating procedures

  6. Work closely with Enterprise Products to continuously automate accounting infrastructure and build for scalability to support timely and accurate financial reporting

  7. Provide support for external financial statement and regulatory compliance audits

Minimum Qualifications:

  1. Bachelor's degree in Accounting, Finance, Information Systems or related field

  2. 6+ years of accounting experience with time spent at a public company

  3. Month-end close and other accounting operations experience

  4. Experience with cross-functional accounting automation projects

Preferred Qualifications:

  1. Financial services industry experience such as fintech and payments

  2. CPA

Industry: Internet

Equal Opportunity: Facebook is proud to be an Equal Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. Facebook is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please let us know at accommodations-ext@fb.com.

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