Staff Accountant II

The role

SoFi is seeking a Reg W and Intercompany Accountant to join SoFi’s Controllership Team, reporting to the Intercompany Accounting Manager. In this role, the Reg W and Intercompany Accountant will support the Controllership mandate of having accurate consolidated and stand‑alone financial results by ensuring intercompany activity is captured appropriately and eliminated correctly. The Reg W and Intercompany Accountant will perform monitoring and validation procedures to ensure SoFi Bank remains in compliance with Regulation W Sections 23A and 23B, and support regulatory reporting and board reporting needs as they pertain to intercompany activities and balances.

What you’ll do

• Gain an in-depth understanding of the SoFi systems and how intercompany transactions flow and appropriately eliminate.
• Monitor variance accounts and address any balances created throughout the close process.
• Reconcile Intercompany Receivable / Payable accounts on a monthly basis to ensure activity is appropriately charging within legal entities.
• Prepare, instruct, and track monthly settlement of Intercompany payables through collaboration with Bank Operations and Entity Controllers.
• Compute and post interest on Intercompany Notes and Regulation W collateral in accordance with legal and contractual requirements.
• Monitor Bank activities for any potential ‘covered transaction’ under Regulation W Section 23A.
• Post manual journal entries for intercompany contracts that are compliant with Regulation W Section 23B.
• Execute Equity Pick Ups during monthly close and validate results.
• Prepare 23A assessment and Vendor Attribution Reviews quarterly in compliance with Reg W.
• Assist in the monthly, quarterly, and year‑end close processes as well as assisting with audit requests.

What you’ll need

Nice to have

Compensation and Benefits

The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.

Pay range : $67,200.00 – $126,000.00

Payment frequency : Annual

This role is also eligible for a bonus and competitive benefits.

Equal Employment Opportunity

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and / or veteran status, or any other basis prohibited by applicable state or federal law.

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