Our Sr. Loan Accounting Manager will leverage accounting and analytical skills, as well as an understanding of US GAAP, to oversee the entire loan accounting function at Prosper. This includes, but is not limited to, loan accounting, loan reconciliations, analytics, internal control compliance and technical research and documentation.

The successful candidate needs to have a strong knowledge of loan accounting and data management tools, such as Google Cloud Platform. Additionally, the candidate will need to have the ability to improve operational efficiency, work with cross-functional teams, and investigate and resolve issues, all with a strong sense of ownership and urgency. This role reports to the Corporate Controller.

Problems You Will Solve

Oversee the entire loan accounting function of the monthly, quarterly and annual book close processes, monitoring timely completion and resolving or escalating issues for resolution.

Prepare accounting entries and account reconciliations for various financial activities including borrower and investor payables/receivables, revenue/contra-revenue, securitization accounting, loan servicing, and debt sales.

Review journal entries and other work performed by other accounting staff and ensure that the work completed is in accordance with GAAP.

Prepare monthly financial statement fluctuation analyses for management reporting.

Assist with or prepare schedules to support regulatory and management reporting to ensure accuracy and timeliness of financial reporting.

Work cross-functionally with and support our business partners by providing financial insights and relevant reporting.

Assist with documentation and information required for year-end audit.

Participate in the ongoing development, establishment, and documentation of accounting policies and procedures.

Identify areas for process improvement, provide recommendations, and execute on the changes.

Play an active role in systems upgrades and data testing.

Deliver on ad-hoc projects / deliverables as necessary.

About You

Bachelor’s degree in Accounting or Finance preferred.

Loan Accounting experience and strong problem-solving skills is required.

8+ years of experience that demonstrates knowledge and application of GAAP accounting policies and practices. Experience with organizations providing consumer lending products ideal.

Detailed understanding of how data flows through the financial systems to the accounting function in order to identify issues and take action to address them.

Strong analytical skills along with a high level of attention to detail.

Motivated self-starter who is comfortable working both independently and collaboratively as a member of a cross functional team.

Positive attitude with a willingness to proactively roll up your sleeves.

Ability to prioritize and complete multiple tasks in a fast-paced environment.

Excellent verbal and written communication skills.

Advanced Microsoft Excel skills (vlookup, pivot tables, etc.) and experience with SQL or GCP.

Experience with NetSuite a plus.

Compensation details: The salary for this position is $151,000 - $189,000 annually, plus bonus and generous benefits. In determining your salary, we will consider your location, experience, and other job-related factors.

Additional Information

#LI-AW1

About Us

Founded in 2005 as the first peer-to-peer marketplace lending platform in the U.S., Prosper was built on a simple idea: connect people who want to borrow money with those who want to invest. Since inception, Prosper has helped more than a million people gain access to affordable credit with over $27 billion in loans originated through its platform. Our mission is to help our customers advance their financial well-being through a variety of products including personal loans, credit, home equity lines of credit (HELOC), and our newest product, HELoan. Our diverse culture rewards accountability and cross functional teamwork because we believe this encourages innovative thinking and helps us deliver on our mission.

We’re on a mission to hire the very best, and we are committed to creating exceptional employee experiences where everyone is respected and has access to equal opportunity. We realize that new ideas can come from everywhere. It is important to us that every hire connects with our vision, mission, and core values. Join a leading fintech company that’s democratizing finance for all!

Our Values

Diversityexpands opportunities

Collaborationcreates better solutions

Curiosity fuels our innovation

Integritydefines all our relationships

Excellenceleads to longevity

Simplicityguides our user experience

Accountability at all levels drives results

www.prosper.com

Our Story & Team // Our Blog

Applicants have rights under Federal Employment Laws.

Family & Medical Leave Act (FMLA)

Equal Employment Opportunity (EEO)

Employee Polygraph Protection Act (EPPA)

California applicants: please click here to view our California Consumer Privacy Act (“CCPA”) Notice for Applicants, which describes your rights under the CCPA:https://www.prosper.com/plp/legal/privacy-notice-for-applicants/

At Prosper, we're looking for people with passion, integrity, and a hunger to learn. We encourage you to apply even if your experience doesn't precisely match the job description. Your unique skill setand diverse perspective will stand out and set you apart from other candidates. Prosper thrives with people who think outside of the box and aren't afraid to challenge the status quo. We invite you to join us on our mission to advance financial well-being.

Prosper is committed to an inclusive and diverse workplace. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law, including the San Francisco Fair Chance Ordinance. Prosper will consider for employment qualified applicants who are non-US citizens and will provide green card sponsorship.

PROSPER

Sr. Loan Accounting Manager