Staff Accountant - Technical Accounting

Formic•Chicago, IL

8h•$70,000 - $95,000

About The Position

As Staff Accountant - Technical Accounting, you will play a key role in building and scaling Formic’s accounting function. This role combines hands-on execution and ownership of core accounting areas, while diving into complex, technical topics and helping shape how the function evolves. This role is designed for someone coming out of public accounting who is ready to step into a more dynamic environment: one where you can apply your technical foundation, operate with autonomy, and make a tangible impact on systems, processes, and outcomes. You will work hands-on across audit, technical accounting, and complex transactions, while also helping modernize the finance function through automation and AI-enabled tools. This role offers strong potential to expand your scope and grow alongside the business as Formic scales.

Requirements

Bachelor’s degree in Accounting or Finance
2–5+ years of accounting experience (public accounting preferred)
Strong understanding of US GAAP
Proven success supporting audits or financial reporting
Experience with automation, systems, or AI applications within finance
Proficiency in Excel and strong analytical skills
Experience with ERP systems (e.g., NetSuite, SAP, Oracle)

Nice To Haves

Exposure to revenue recognition (ASC 606), lease accounting (ASC 842), credit losses (ASC 326)
Experience in a high-growth or technology-driven environment is a plus

Responsibilities

Prepare audit schedules and reconciliations, including gathering supporting documentation
Partner directly with auditors to respond to requests and ensure efficient audit execution
Strengthen internal controls and elevate documentation standards across the accounting function
Identify and implement improvements to audit readiness, accuracy, and efficiency
Research, document, and support the execution of technical accounting areas (e.g., revenue recognition, lease accounting, R&D tax credit)
Contribute to accounting and reporting for complex transactions and new initiatives (e.g., securitization-related reporting)
Maintenance expense tracking and review, including policy review and improvements
Ensure accurate and consistent application of accounting policies across evolving business activities
Partner cross-functionally to support accurate, timely financial reporting
Support and improve monthly, quarterly, and annual close processes
Identify and drive opportunities to automate reconciliations, reporting, and workflows
Support implementation and adoption of AI-enabled accounting tools and financial systems
Improve processes to reduce manual work, increase accuracy, and enhance scalability
Bring forward AI-enabled and process efficiency ideas and actively contribute to building a more modern, tech-enabled finance function

Benefits

Equity in Formic: Participate in our stock option program and share in the success of a fast-growing start-up backed by leading global investors
Competitive & Uncapped Commission Structure: Designed to reward performance and impact in commission-eligible roles
Comprehensive Healthcare Coverage: Medical, dental, and vision insurance through Blue Cross Blue Shield and Unum, with 99% of employee premiums covered and 75% coverage for dependents, with optional buy-up plans available
Additional Insurance Benefits: FSA and DCFSA, life insurance, short-term disability, and long-term disability through Unum, all 100% employer-paid
Employee Assistance Program (EAP): Fully funded by Formic, offering support when you need it most
Paid Parental Leave Program: Up to 12 weeks of paid parental leave
Company-sponsored 401(k): Invest in your future with our company-facilitated retirement savings plan
Home Office Stipend: A one-time allowance for fully remote and hybrid employees to support an at-home or on-the-road work setup
Monthly Cell Phone Reimbursement: Monthly stipend toward personal phone and internet expenses
Flexible Time Off: Take the time you need, when you need it, supported by our flexible PTO policy