Principal Accountant, Lending

Intuit; Charlotte (NC); On-site; USD 185,000 - 251,000; Full time

Job summary

Intuit is seeking a Principal Accountant - Lending to join the Money Movement team, a fast-growing part of the business. The role drives technical accounting and operations for our lending products, including term loans and revolving credit, as Intuit expands accessible financing for SMBs and consumers.

The qualified candidate will own accounting policies, manage close processes, and partner with auditors and business teams to ensure accurate, timely reporting under US GAAP and SOX.

Qualifications

• 10+ years of accounting experience.
• CPA (or equivalent) required.
• Detailed knowledge of US GAAP technical accounting relevant to lending products (ASC 326, ASC 310, ASC 835, ASC 860, ASC 810).
• Big 4 public accounting experience and lending product audits a big plus.
• Experience documenting US GAAP memos with clear conclusions.
• Experience with lending product accounting (term loans, revolving credit); banking/fintech lending a plus.
• Strong attention to detail and communication skills.
• Experience with financial reporting systems (Oracle, BlackLine, Workiva).
• Experience with internal controls (SOX).

Responsibilities

• Research and document technical accounting matters and ensure requirements are applied.
• Partner with Product, Legal, Capital Markets to assess accounting implications before launches.
• Own lending product accounting policies and practices with auditors and stakeholders.
• Assess accounting risk and ensure financial integrity of records.
• Collaborate with FP&A, Treasury, Credit Risk to resolve challenges.
• Deliver clear accounting conclusions to internal and external stakeholders.
• Strengthen lending product internal controls and SOX compliance.
• Oversee month/quarter/year end close for lending products.
• Produce timely financial reporting for internal/external use per US GAAP and SOX.
• Support external audits and control testing.

Skills

US GAAP knowledge

SOX controls

Financial reporting

Auditing experience

Communication skills

Technical systems (Oracle/Workiva)

Education

CPA (or equivalent)

Big 4 experience

Tools

Oracle

BlackLine

Workiva

Job description

Overview

COMPANY DESCRIPTION: Intuit is a global technology platform that helps consumers and small businesses overcome their most important financial challenges. Serving more than 100 million customers worldwide with TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible.

Job Description

We are looking for a Principal Accountant - Lending to join our Money Movement team, which is one of the fastest growing parts of the business.

Intuit provides loans (including term loans and revolving credit) to customers, encompassing both small and medium-sized businesses (“SMB”) and consumers.

Our business is on a mission to transform SMB and consumer lending. Imagine empowering our customers with access to funding within hours, whenever they need it, and giving customers the clarity to make the right decision about when to take funding, how much to take, and what type. We’re working to make this a reality. We are adding new products at record setting speed to support our customers. We are helping our customers access the capital they need using technology and data to simplify the process.

If you are passionate about innovating for SMBs and consumers, solving customer problems, tapping the power of big data, and working in an incredibly fast-paced and fun environment, we invite you to come join our team.

This role will drive technical accounting and accounting operations for our growing lending business. We are focused on accelerating our growth and scaling the business and this role is critical to our success. There is a tremendous amount of innovation ahead to achieve this scale with institutional quality servicing systems, data, reporting and operational processes.

Responsibilities

• Research and document technical accounting matters and ensure technical accounting requirements are appropriately applied.
• Partner with Product, Legal, Capital Markets and other teams to assess the accounting and financial reporting implications of new lending products, funding structures, and other transactions ahead of launch, setting the accounting direction as the business scales.
• Own accounting policies and practices for our lending products; working closely with internal auditors, external auditors, and other internal and external stakeholders.
• Assess accounting and financial reporting risk across areas of responsibility. Apply judgment to ensure that these risks are being addressed and to ensure the financial integrity of accounting records and reporting.
• Partner with senior stakeholders across functions who support the lending products (e.g., FP&A, Treasury, Credit Risk, etc.), proactively identifying challenges and driving them to resolution.
• Influence decisions by delivering clear, well-supported accounting conclusions and requirements to internal and external stakeholders.
• Own and strengthen processes and internal controls for lending products (including SOX requirements). Identify, recommend and drive implementation of improvements to large scale, end-to-end processes and internal controls, leveraging automation and emerging technology where appropriate.
• Oversight and review of certain month/quarter/year end close processes and related responsibilities for lending products (including journal entries and reconciliations). Responsible for maintaining the accuracy, integrity and timeliness of financial records.
• Produce accurate and timely financial reporting, for internal and external use, in accordance with US GAAP and in compliance with SOX requirements.
• Work directly with external auditors to support audits of financial statements and testing of internal controls.
• Share technical knowledge broadly and work with team members to accelerate learning and continue to elevate the team's capability across the lending domain.
• Prepare and present reports and technical memos for senior management, and other documentation requested by internal and external stakeholders.

Qualifications

• 10+ years of accounting experience.
• CPA (or equivalent) required.
• Detailed knowledge of US GAAP technical accounting requirements relevant to lending products (including expected credit losses (ASC 326), receivables (ASC 310), interest (ASC 310-20 and ASC 835), transfers of financial assets (ASC 860), consolidation/VIEs (ASC 810), etc.).
• Experience at a ‘Big 4’ public accounting firm and experience auditing entities involved with lending products is a big plus.
• Experience documenting US GAAP technical accounting memos which clearly set out the basis for the conclusions reached and can be presented to internal and external stakeholders.
• Experience with operational accounting for lending products (including term loans and revolving credit). Experience working for a bank or fintech involved in lending is a big plus.
• Strong attention to detail, excellent organizational and multi-tasking skills, and strong written and oral communication skills.
• Experience with systems used for financial reporting (e.g., Oracle, BlackLine, Workiva, etc.).
• Experience with internal controls (including SOX requirements) related to lending products.

Intuit provides a competitive compensation package with a strong pay for performance rewards approach. This position may be eligible for a cash bonus, equity rewards and benefits, in accordance with our applicable plans and programs (see more about our compensation and benefits at Intuit®: Careers | Benefits). Pay offered is based on factors such as job-related knowledge, skills, experience, and work location. To drive ongoing fair pay for employees, Intuit conducts regular comparisons across categories of ethnicity and gender.

The Expected Base Pay Range For This Position Is

Mountain View $185,000 - $250,500