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Director, Financial Accounting

Instacart

Instacart

Accounting & Finance
United States · Remote
Posted on Friday, March 29, 2024

We're transforming the grocery industry

At Instacart, we invite the world to share love through food because we believe everyone should have access to the food they love and more time to enjoy it together. Where others see a simple need for grocery delivery, we see exciting complexity and endless opportunity to serve the varied needs of our community. We work to deliver an essential service that customers rely on to get their groceries and household goods, while also offering safe and flexible earnings opportunities to Instacart Personal Shoppers.

Instacart has become a lifeline for millions of people, and we’re building the team to help push our shopping cart forward. If you’re ready to do the best work of your life, come join our table.

Instacart is a Flex First team

There’s no one-size fits all approach to how we do our best work. Our employees have the flexibility to choose where they do their best work—whether it’s from home, an office, or your favorite coffee shop—while staying connected and building community through regular in-person events. Learn more about our flexible approach to where we work.

Overview

About the Role

This Director will be responsible for leading the global consolidation, ensuring timely and accurate financials, overseeing the accounting of all operating expenses, overseeing the timing of the accounting closes and audit, and growing the team in a dynamic and fast-paced environment.

About the Team

This role reports to the Controller in the CAO organization, who is responsible for the financial accounting functions of the organization. We’re looking for someone who wants a challenge and is willing to roll up their sleeves to help drive change.

About the Job

  • Lead and develop a cohesive team to achieve outstanding results.
  • Lead teams responsible for accounting for corporate accounting functions - GL, fixed assets, leasing, treasury accounting, SBC, consolidations and reporting
  • Act as the Company’s subject matter expert on the consolidations process, foreign currency issues, operationalizing M&A, and Chart of Accounts (COA)
  • Proactively lead and/or perform period-end closing and operational activities in accordance with US GAAP standards
  • Partner with cross functional teams to deliver timely and accurate consolidated financials and internal reports
  • Ensure the Company’s Financial Accounting policies are consistent with GAAP and are updated to address changes in business practices and products
  • Monitor completion of controls company-wide and manage escalation process with business partners
  • Develop, recommend, and/or drive innovative process improvements that leverage technology and maximize overall efficiency while maintaining or strengthening internal controls
  • Review and/or prepare monthly management reports, analyses, and schedules as well as ad hoc reporting
  • Develop and monitor accounting operational performance metrics
  • Oversee statutory reporting, compliance, and audits
  • Provide consultation to business partners regarding US GAAP and Financial Accounting issues
  • Own the COA and Month-end Close calendar
  • Evaluate internal control processes. Ensure existing controls are being performed and evidenced. Implement new controls as needed due to changes in processes and/or to increase effectiveness

About You

Minimum Qualifications

  • BA/BS degree in Accounting
  • CPA (or equivalent)
  • 10+ years of progressive accounting experience; 5+ years in a management role
  • In-depth knowledge and understanding of SEC Guidance and GAAP, specifically ASC-830 (Foreign Currency), ASC-805 (Business Combinations), and ASC-718 (Stock Compensation)
  • Experience leading the consolidations process for a publicly traded company
  • Experience in a fast paced, growth organization
  • Excellent understanding of SOX and SEC reporting
  • Strong analytical skills and attention to detail
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams
  • Ability to work well under pressure and independently
  • Senior leadership, presentation skills, solid collaboration and problem solving abilities
  • Proven leadership and team management skills; demonstrated ability to lead, develop, and grow a high functioning team

Preferred Qualifications

  • Knowledge and understanding of SEC Guidance and GAAP, specifically ASC-842
  • Experience as the Accounting subject matter expert for ERP modules and configurations
  • Experience overseeing and approving attributes for the Chart of Accounts
  • Experience creating and delivering executive level presentations

Instacart provides highly market-competitive compensation and benefits in each location where our employees work. This role is remote and the base pay range for a successful candidate is dependent on their permanent work location. Please review our Flex First remote work policy here.

Offers may vary based on many factors, such as candidate experience and skills required for the role. Additionally, this role is eligible for a new hire equity grant as well as annual refresh grants. Please read more about our benefits offerings here.

For US based candidates, the base pay ranges for a successful candidate are listed below.

CA, NY, CT, NJ
$216,000$240,000 USD
WA
$207,000$230,000 USD
OR, DE, ME, MA, MD, NH, RI, VT, DC, PA, VA, CO, TX, IL, HI
$199,000$221,000 USD
All other states
$179,000$199,000 USD