Accountant, Square Financial Services

Block•Salt Lake City, UT

About The Position

Since we opened our doors in 2009, the world of commerce has evolved immensely, and so has Square. After enabling anyone to take payments and never miss a sale, we saw sellers stymied by disparate, outmoded products and tools that wouldn’t work together. So we expanded into software and started building integrated, omnichannel solutions – to help sellers sell online, manage inventory, offer buy now, pay later functionality, book appointments, engage loyal buyers, and hire and pay staff. Across it all, we’ve embedded financial services tools at the point of sale, so merchants can access a business loan and manage their cash flow in one place. Afterpay furthers our goal to provide omnichannel tools that unlock meaningful value and growth, enabling sellers to capture the next generation shopper, increase order sizes, and compete at a larger scale. Today, we are a partner to sellers of all sizes – large, enterprise-scale businesses with complex operations, sellers just starting, as well as merchants who began selling with Square and have grown larger over time. As our sellers grow, so do our solutions. There is a massive opportunity in front of us. We’re building a significant, meaningful, and lasting business, and we are helping sellers worldwide do the same. The Role SFS has launched a search for an SFS Accountant, who will report to the SFS Controller. You will be responsible for accounting functions and financial oversight to ensure financial records are complete and accurate.

Requirements

3+ years of related work experience in accounting and finance
A process-driven approach, with natural curiosity
Efficient, improvement-focused, and detail-oriented
Proficiency in leveraging AI tools and technologies to enhance productivity and solve complex problems
Candidate must have a strong work ethic, and excel in a fast-paced environment

Nice To Haves

Financial Services specific accounting and regulatory experience highly preferred but not required
Bachelor's degree in Finance, Accounting, Economics, CPA or MBA preferred but not required
Working knowledge of Regulation W, including related-party transactions is highly preferred
Passion for Block and desire to help customers
Team player who is able to work on a variety of projects simultaneously

Responsibilities

Prepare journal entries and month end account reconciliations
Aid in conducting the month end close process for SFS including commentary and flux analysis
Provide updates on account reconciliations and aged items
Participate in the preparation of regulatory filings including Audited Standalone financial statements and quarterly Call Report
Assist in preparation of financial reporting disclosures to Block Inc. team for SEC filings (10Q/K)
Address inquiries related to Bank financials and board reports
Maintain documentation to support compliance with SOX and regulatory requirements
Implement enhancements and improvements to processes
Aid the Bank with statutory audits by facilitating requests from internal and external auditors as well as bank regulators
Partner with Block Inc.’s Accounting, Procurement, Finance & Strategy, Tax, Counsel and Treasury teams to ensure the Bank’s operational needs are met
Prepare documentation of controls to ensure compliance with internal control environment
Partner with Product, Engineering, Finance & Strategy, Tax, Counsel and Treasury teams to ensure that SFS’s operational needs are met