Sr Manager, Accounting

The Company

PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy.

We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, whether they are online or in person. PayPal is more than a connection to third-party payment networks. We provide proprietary payment solutions accepted by merchants that enable the completion of payments on our platform on behalf of our customers.

We offer our customers the flexibility to use their accounts to purchase and receive payments for goods and services, as well as the ability to transfer and withdraw funds. We enable consumers to exchange funds more safely with merchants using a variety of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products such as gift cards, and eligible credit card rewards. Our PayPal, Venmo, and Xoom products also make it safer and simpler for friends and family to transfer funds to each other. We offer merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as instant access to funds and payouts. We also help merchants connect with their customers, process exchanges and returns, and manage risk. We enable consumers to engage in cross-border shopping and merchants to extend their global reach while reducing the complexity and friction involved in enabling cross-border trade.

Our beliefs are the foundation for how we conduct business every day. We live each day guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Together, our values ensure that we work together as one global team with our customers at the center of everything we do – and they push us to ensure we take care of ourselves, each other, and our communities.

Job Description Summary: This job oversees financial reporting, compliance, and internal controls. You will ensure accurate financial information, manage audits, and implement accounting policies in line with GAAP/IFRS and SEC regulations. This role collaborates with cross-functional teams, supports strategic decision-making, and drives process improvements. Strong leadership, technical expertise, and attention to detail are essential.

Job Description:

Essential Responsibilities:

• Partner with PayPal business leaders and wider PayPal finance organization on accounting and reporting matters
• Drive accounting support within finance transformation work programs and other process enhancements
• Provide accounting expertise and leadership to finance and business organizations
• Consult with business partners regularly to ensure awareness of significant transactions and potential accounting impact

Expected Qualifications:

• 8+ years relevant experience and a Bachelor’s degree OR Any equivalent combination of education and experience.

Additional_Responsibilities_And_Preferred_Qualifications:

High Level Job Summary:

This role will report directly to the Credit Controller and will be responsible for leading daily and monthly accounting operations, monthly and quarterly reporting (including 10Q/10K) and also, working on complex accounting areas related to PayPal’s rapidly expanding Global Consumer and Merchant loan portfolios. Key responsibilities will include: quarterly SEC reporting and CECL allowance process, ongoing loan portfolio externalizations (ie. loan sales and securitizations), and other special projects, such as product launches, system migrations, changes in accounting policy and broader finance automation initiatives. It is a fast-paced environment that requires juggling of multiple projects with competing deadlines. Highly automated Accounting environment with multiple loan servicing systems, as well as other supporting systems, which adds unique operational complexities and requires a focus on streamlining and automation solutions to ensure scalability. Role will oversee the 3 accounting managers on the team.

is role will ensure accurate financial information in line with US GAAP and IFRS (as applicable), review all Credit related SEC reporting, manage audits, and partner with cross functional business leaders, serving as a key point of contact. Strong leadership, technical expertise, and attention to detail are essential.

• Cross functional teams across PayPal, include: FP&A, Capital Markets, Credit Risk, Data Analytics, System Platform, Corporate Accounting, Treasury, Accounting Policy, SEC Reporting, SOX, etc.
  • Partnership with Capital Markets team (and greater Credit FP&A team) which are based in NYC is a critical function of this role. Note: Credit business partners/leaders are primarily based on the East Coast, across the Tri-State area.
• Oversee quarterly CECL Allowance process. This is a key focus area with a high level of scrutiny due to subjectivity and materiality of the estimate. Quarterly process includes heavy partnership with Credit Risk and Credit Finance to align on reserve estimates and ultimately present a detailed deck to leadership.
• Review complex journal entries and ensure the accuracy of information through well-documented workpapers. Proactively identify, communicate, and resolve any issues or reconciling items.
  
• Work with a high degree of initiative to identify and recommend process improvement opportunities through automation to ensure all processes are scalable for Credit business’ rapid expansion.
• Develop and improve internal process documentation. Ability to analyze and walkthrough new or existing accounting processes from beginning to end and outline journal entries.
• Collaborate with the other managers on the team for specific projects and oversight of day-to-day team operations.
• Partner with PayPal business leaders and wider PayPal finance organization on accounting and reporting matters

• Drive accounting support within finance transformation work programs and other process enhancements
• Provide accounting expertise and leadership to finance and business organizations
• Consult with business partners regularly to ensure awareness of significant transactions and potential accounting impact

Required Skills:

• Excellent written and verbal communication skills to articulate ideas and plans clearly and effectively with internal and external audiences at a leadership level.
• Ability to influence where you do not have direct authority through strong interpersonal skills
• Quick learner with a high degree of attention to detail and understanding of business/accounting processes.
• Ability to manage multiple projects simultaneously across cross functional teams.
• High degree of personal integrity and professional skepticism.
• Open to change and committed to continuous process improvement.
• Have a reputation for getting things done.

Required Qualification:

• 12+ years of Audit/Accounting experience: Minimum 5 years required at a Big Four public accounting firm.
• Experience in Credit or Banking industry is required.
• CPA required

PayPal is committed to fair and equitable compensation practices.

Actual Compensation is based on various factors including but not limited to work location, and relevant skills and experience.

The total compensation for this practice may include an annual performance bonus (or other incentive compensation, as applicable), equity, and medical, dental, vision, and other benefits. For more information, visit https://www.paypalbenefits.com.

The U.S. national annual pay range for this role is $123,500 to $212,850

PayPal does not charge candidates any fees for courses, applications, resume reviews, interviews, background checks, or onboarding. Any such request is a red flag and likely part of a scam. To learn more about how to identify and avoid recruitment fraud please visit https://careers.pypl.com/contact-us.

For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.

Our Benefits:

At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset-you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.

We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit https://www.paypalbenefits.com

Who We Are:

To learn more about our culture and community visit https://about.pypl.com/who-we-are/default.aspx

Commitment to Diversity and Inclusion

PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state, or local law. In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at paypalglobaltalentacquisition@paypal.com.

Belonging at PayPal:

Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.

Any general requests for consideration of your skills, please Join our Talent Community.

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.