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Salary: USD 275,000 - 325,000 / annual
PayNearMe is a rapidly growing enterprise payments platform processing over $50 billion annually for clients across consumer lending, gaming, tolling, financial institutions, and other highly regulated markets. The company recently raised a $50 million Series E funding round and operates with 300+ employees across 41 states, headquartered in Silicon Valley with satellite offices in Dallas and Holmdel.
The Vice President of Accounting will lead three closely connected functions: (1) accounting, reconciliation, and controls to ensure every dollar moved as intended and was completely and accurately recorded; (2) day-to-day operational movement of client funds including settlement, disbursements, prefunding, FBO accounts, and manual transactions; and (3) timely, accurate, and GAAP-compliant monthly, quarterly, and annual financial statements.
This executive reports to the Chief Financial Officer and is accountable for the integrity of PayNearMe's financials and end-to-end funds flows. The role will partner closely with Product, Engineering, Finance, Risk, Compliance, Legal, Client Operations, and external banks, processors, payment networks, and auditors.
Key responsibilities include leading the Accounting organization (general ledger, close and consolidation, revenue and transaction accounting, financial reporting); owning accounting treatment for payments, disbursements, fees, processor costs, refunds, chargebacks, reserves, and client liabilities; ensuring transaction-level activity flows accurately from operational systems into the general ledger; maintaining clear accounting policies for new products and complex transactions; managing external audits and regulatory examinations; building and maintaining a scalable internal-control environment; overseeing daily settlement and disbursement activity across ACH, card, cash, wire, and real-time payments; managing FBO, custodial, settlement, and prefund accounts; establishing rigorous maker/checker controls; owning reconciliation across transaction systems, processor records, bank accounts, and general ledger; certifying that client-funds balances are complete, accurate, and appropriately segregated; partnering with Product and Engineering to define the target operating model and translate Finance requirements into product and data requirements; driving automation of settlement processing, reconciliation, exception categorization, and financial reporting; and building, leading, and developing high-performing Money Movement Operations, Payment Reconciliation, and Accounting teams.
QUALIFICATIONS:
- 12–15+ years of progressive experience across payments accounting, controllership, financial operations, banking operations, treasury operations, or payment reconciliation
- Significant leadership experience within a FinTech, payment processor, financial institution, marketplace, money transmitter, card program, or other high-volume money-movement business
- Demonstrated ownership of complex client-funds flows, including collections, settlement, FBO or custodial accounts, prefunding, disbursements, refunds, returns, and exceptions
- Strong knowledge of ACH, card networks, wires, real-time payments, checks, cash networks, and other payment methods
- Deep understanding of payment processing, clearing, settlement, reconciliation, subledgers, general ledgers, and customer-funds liabilities
- Experience leading a corporate Accounting or Controllership organization, including close, financial reporting, technical accounting, audit, and internal controls
- Strong understanding of GAAP and the accounting implications of payment transactions, processor activity, client-funds obligations, reserves, and revenue-sharing arrangements
- Experience designing maker/checker controls, approval authorities, system permissions, reconciliation controls, and auditable manual-adjustment processes
- Proven ability to identify control gaps and operational risks and work with Product, Engineering, and Data teams to build scalable solutions
- Experience implementing or materially improving reconciliation platforms, transaction subledgers, ERP integrations, treasury or banking systems, and workflow automation
- Strong data orientation; comfortable investigating transaction-level activity and working with large datasets. SQL or comparable analytical fluency is highly desirable
- Experience supporting external audits, bank-partner reviews, regulatory examinations, and financial-control testing
- CPA strongly preferred. An equivalent combination of accounting expertise and deep payments-operations leadership will be considered
- Bachelor's degree in Accounting, Finance, Business, or a related field; advanced degree preferred
