Statutory and Intercompany Lead Accountant

Company Overview

Job Overview

About Intuit

Intuit is a global technology platform that helps consumers and small businesses prosper. We’re the team behind TurboTax, QuickBooks, Credit Karma, and Mailchimp. Our Finance organization manages the critical processes that ensure our operational and financial health. The Chief Accounting Officer (CAO) organization is a highly visible, dynamic team responsible for the accuracy and integrity of Intuit's financial records.

The role

We are seeking a highly motivated and detail-oriented Lead Accountant to join the Chief Accounting Officer (CAO) organization. This critical role will primarily be responsible for managing the financial accounting and reporting for Intuit's lending and licensed money transmitter (MTL) entities. The ideal candidate will have strong technical accounting and financial reporting skills, experience preparing financial statements in accordance with U.S. GAAP, and experience navigating complex intercompany arrangements and regulatory environments.

Responsibilities

• Financial Reporting and Close:

  • Prepare and review the monthly, quarterly, and annual financial statements (including related footnote disclosures) for the Lending and MTL entities in accordance with U.S. GAAP.

  • Manage the period-end close process for the assigned entities, ensuring journal entries, reconciliations, and variance analyses are accurately and timely prepared.

  • Serve as the primary accounting contact for the Lending and MTL business partners.

• Intercompany Accounting & Management Services Agreements (MSAs):

  • Manage the accounting and documentation for Management Services Agreements (MSAs) between Intuit Inc. and its Lending and MTL subsidiaries, ensuring compliance with transfer pricing policies and corporate legal structures.

  • Ensure proper elimination of intercompany balances during consolidation.

• Technical accounting:

  • Assist in research of technical accounting issues impacting disclosures specific to lending (e.g., allowance for expected credit losses (ASC 326), ASC 606, ASC 860) and payments, applying proper accounting treatment required as a basis for booking journal entries, preparing disclosures and gathering audit evidence.

  • Proactively stay current on evolving Accounting Standards pronouncements, independently assess impact on Lending and MTL entities, and ensure impact is appropriately captured in financial reporting.

• Compliance and Audit:

  • Support internal and external audits by preparing requested schedules and documentation for the Lending and MTL entities.

  • Manage the external audits by coordinating and working directly with the external auditors and internal cross-functional teams to manage the related audits and control environment testing.

  • Monitor changes in accounting standards and regulatory requirements specific to lending and money transmission services to ensure continuous compliance.

• Process Improvement

  • Identify and implement opportunities for process improvement and automation within the financial close and reporting cycle.

  • 
    Intuit provides a competitive compensation package with a strong pay for performance rewards approach. This position may be eligible for a cash bonus, equity rewards and benefits, in accordance with our applicable plans and programs (see more about our compensation and benefits at Intuit®: Careers | Benefits). Pay offered is based on factors such as job-related knowledge, skills, experience, and work location. To drive ongoing fair pay for employees, Intuit conducts regular comparisons across categories of ethnicity and gender. The expected base pay range for this position is:
    Bay Area-142,000-192,500
    San Diego-124,000-167,500
    
    

Qualifications

Qualifications

• Education:

  • Bachelor’s degree in Accounting or Finance.

  • Workiva experience is a plus.

  • CPA required.

• Experience:

  • 7+ years of relevant accounting experience, preferably in a public accounting firm and/or in the corporate accounting function of a large, multinational public company.

• Technical Skills:

  • Strong knowledge of U.S. GAAP and experience with preparing full-cycle financial statements.

  • Demonstrated ability to interpret and present complex technical accounting details in lay terms to non-accounting business partners.

  • Experience with financial accounting for lending, financial services, or highly regulated entities (e.g., money transmitters).

  • Technical accounting preferences in allowance for expected credit losses (ASC 326), ASC 606, and ASC 860.

Intuit provides a competitive compensation package with a strong pay for performance rewards approach. This position may be eligible for a cash bonus, equity rewards and benefits, in accordance with our applicable plans and programs (see more about our compensation and benefits at Intuit®: Careers | Benefits). Pay offered is based on factors such as job-related knowledge, skills, experience, and work location. To drive ongoing fair pay for employees, Intuit conducts regular comparisons across categories of ethnicity and gender. The expected base pay range for this position is:

Bay Area California $ 142,000- 192,500

Southern California $ 124,000- 167,500