Accountant
Omidyar Network
Redwood City, CA
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About Omidyar Network:
Omidyar Network is a philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, the organization invests in and helps scale innovative organizations to catalyze economic and social change.
Omidyar Network has committed more than $1 billion to for-profit companies and nonprofit organizations that foster economic advancement and encourage individual participation across multiple initiatives, including Digital Identity, Education, Emerging Tech, Financial Inclusion, Governance & Citizen Engagement, Impact Investing, Property Rights and Tech and Society Solutions Lab.
About the Finance Team:
Our mission is to identify opportunities to provide critical information and analysis to our colleagues and board to make superior financial, operating, and strategic decisions. We value professionalism in our team members and identify with the following Team Standards:
- Empathy. We believe empathy is essential to building positive relationships with others. The act of understanding and reacting to the needs and concerns of others will redound to the team’s success and fulfillment.
- Responsiveness. We believe responding to questions (or acknowledging them) within 24 or 48 hours connotes good customer service and accrues goodwill for the team. Responsiveness is particularly important amongst those within the company (i.e., you’re not expected to respond to every direct email or unsolicited phone call received)
- Accuracy. We believe accuracy in our work is paramount to achieving a reputation as a high performing team. If our inputs (e.g., transaction processing, assumptions made) are incorrect then our resulting analysis will likely be flawed.
- Knowledgeable. We believe in the importance of attaining and maintaining subject matter expertise to provide value-add services to those we help serve. It’s vital for you and your manager to discuss professional development opportunities that further hone existing skills and build/acquire new skills deemed relevant to the team.
- Follow-through. We believe doing what you say you will do is imperative for earning a stellar reputation as someone who strives to deliver a superior customer experience. At times, you may find it difficult to meet a previously committed deadline. When that occurs, communicating the news in advance to those affected is advocated.
Position Summary:
The position of Accountant is responsible for all facets of invoice processing and payment, employee expense report oversight, wire disbursements, monthly close process, and regulatory filings. We are looking for someone with an “ownership mindset” whose passion for accounting has grown from their previous engagements in the role (i.e., not looking for someone eager to learn on the job).
Responsibilities:
- Accounts payable pundit in charge of uploading and coding of invoices and contracts (e.g., consulting agreements) with correct departmental codes to ensure proper entry into the accounting system.
- Investigate and resolve any problems associated with processing of invoices and journal entries.
- Ownership of vendor management including updating vendor names and data, sending W-9 requests, entering ID numbers into the Intacct system, and issuing Form 1099s.
- Collaborate with legal team to review and process weekly domestic and international wire disbursements and ACH transactions (e.g., funding to investees, vendors).
- Collaborate with finance team lead (usually on a weekly basis) to confirm sufficient cash on hand in the various operating bank accounts to cover investments to be funded, vendor payments, payroll, etc.
- Prepare regulatory compliance filings including property and business tax forms and payments.
- Review and process employee matching gift and directed giving requests for completeness and propriety.
- Integral member of our month-end close process to achieve our goal of producing month end financial statements by the 10th calendar day of each month. Specific responsibilities include invoice processing, corporate credit card upload/reconciliation/accrual, journal entries (e.g., accruals and reclassification entries), bank reconciliations.
- Administrator of expense reporting system (Concur) which entails providing new employee training, account setup, system maintenance, and providing tips and answers to questions.
- Maintain and update a procedure manual of accounts payable responsibilities as a guide for backup assistance (e.g., coverage for while on PTO).
- Research and recommend programs, policies and procedures to improve the effectiveness and efficiency of the accounts payable function, including new internal controls designs, alternative payment technologies, new software evaluation.
- Update job knowledge by participating in educational opportunities.
Qualifications:
- Accumulated and growing career capital balance (i.e., valuable and relevant skills).
- Aforementioned team standards distinctly resonate; you’ll be asked to explicate why this rings true for you.
- Mastery knowledge of what’s enumerated in the position summary. In addition, the candidate with the highest probability of enjoying her/his journey at Omidyar Network relates to the following:
- An infectious commitment to excellence with a quiddity for delivering exceptional service that requires you to exercise your written and oral communication as well as interpersonal skills.
- Strong work ethic, persistence, and grit; past scars and setbacks welcome as they engender character.
- Meticulously organized, strong time management/prioritization abilities, and fastidious with details.
- Comfortable working in a sea change environment where the status quo (e.g., of procedures, policies, reporting) is openly and frequently challenged by the CFO.
- Affinity for details and proven ability to work under changing deadlines (e.g., some projects, such as our monthly close, have a constant fixed deadline, while many projects will surface organically resulting in more fluid completion dates).
- Familiarity with Intacct (accounting system) and Concur (expense reporting) helpful; otherwise, there will be an expectedly short learning curve (i.e., you’ll need to upskill quickly).
- Last but not least, you covet being surrounded by a supporting cast with a ‘team first’ philosophy, a manager focused on building/expanding your career capital, and colleagues who are passionate to help fulfill our founder’s vision to effect economic and social change.