Facebook Technical Accounting Manager in Menlo Park, California
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.
Facebook is seeking a Technical Accounting Manager who can move fast and learn quickly to help solve technical accounting issues for emerging significant, non-routine, and unique transactions, with a focus on financial services products. As a manager in our growing and dynamic Technical Accounting Team at Facebook, you will be responsible for understanding the finer details of proposed or executed transactions through review of available contracts and agreements and collaboration with key cross-functional business partners including our US and International Accounting teams. You will leverage your experience researching relevant accounting guidance to identify key accounting issues and to recommend accounting and disclosure requirements for complex non-routine transactions. Your ability to communicate, concisely, effectively, and simply will inform all key stakeholders in Engineering, Product and Project business teams, Legal, and the broader Finance organization of the accounting and business implications of transactions, particularly those with limited or no accounting background. You will also embrace ambiguity and Facebook’s move fast culture by prioritizing responsibilities based on impact and transition well between various accounting topics, which may include areas such as: variable interest entities (VIEs), consolidation, accounting for cryptocurrencies and preparing carve out financial statements. You will also have external facing opportunities by attending conferences, participating in industry roundtables and/or participating in working groups to respond to proposed accounting pronouncements, rules and regulations.
Interpret U.S. GAAP accounting standards and SEC guidance to determine the accounting and financial reporting treatment for new, material, and/or complex, unusual transactions or agreements and bridge to the related IFRS accounting standards
Prepare or review technical accounting memorandums for significant transactions
Collaborate with accounting operations, other finance functions, key business stakeholders, external auditors, accounting standard setters and regulators to support the preparation and review of precedent setting accounting positions, policies, and financial statements
Provide insight on or prepare new or existing accounting policies based on evolving industry standards and best practices
Monitor, understand and provide interpretation of new and proposed accounting pronouncements including areas related to accounting for cryptocurrencies to assist key stakeholders in assessing financial, operational and reporting implications
Actively participate or assist with external facing stakeholder activities such as attending accounting conferences, industry roundtables and/or standard setting working groups
Facilitate trainings on relevant accounting topics to Facebook personnel
Bachelor or higher degree in accounting, finance, or related field
CPA or equivalent qualification with US GAAP experience
8+ years of accounting experience
5+ years of experience at a public accounting firm
Experience researching and documenting new accounting guidance and the accounting treatment of issues
Experience in the financial services or FinTech
Experience in a technical accounting role of a public US company
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 email@example.com.
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