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Director of Corporate Accounting

Elevate K-12

Elevate K-12

Accounting & Finance
Chicago, IL, USA
Posted on Wednesday, May 22, 2024

About Us:

Elevate K-12 is on a mission to ensure every student receives a high-quality education, regardless of zip code. We are changing the way classrooms work by creating a brand-new category of LIVE, virtual classroom instruction that gives students access to exceptional, certified, live teachers through our two-sided network. Our teachers are securely streamed in from across the country into thousands of classrooms, providing instruction that would otherwise be unavailable in many districts across the U.S. Our goal is to enable high-quality, live teaching for every learner in the U.S., from kindergarten through their first jobs, so they can identify and pursue their unique passions in life. We are the new way to the classroom!

Elevate K-12 is a series-C funded (led by General Catalyst), high-growth, EdTech company enjoying strong business momentum. We are growing rapidly within a $72B+ TAM and have a first mover/first-scaler advantage. We are working to become an iconic EdTech brand in live teaching, uplifting the lives of millions of students and creating unique job opportunities for teachers in this new, innovative category of education.

The Role:

Director of Corporate Accounting will play a vital role in both accounting and financial responsibilities. For a company like ours growing at 50% CAGR we are building and executing for the now, while thinking of the build for the near future. Unique to Elevate K-12’s early-stage status, the Director of Corporate Accounting will be integral in developing new processes and procedures as the Company matures and leveraging the ERP system in developing both efficiencies and better internal controls. The qualified candidate will have experience working in both early-stage and larger established companies and will be expected to bring best practices from both types of environments.

This role is for someone who wants to do the 50% CAGR and be part of a company’s mission of bringing high quality education and learning for students and teachers. Previous experience doing hyperscale is not a prerequisite, but the individual needs to have the skills and mindset to lead the company to multi levels of scale. Our financial year is August 1st to July 31st and the individual must be supporting the organization to help drive high growth.

What you will do:

  • Responsible for all aspects of accounting; Lead month-end close, revenue accounting (ASC 606), G/L, cash management, equity/debt accounting, tax compliance, consolidation, and reporting.
  • Develops and maintains effective internal controls over financial reporting, including preparation of account reconciliations, supervisory review of transactions and staff training. Contributes financial decisions by establishing, monitoring, and enforcing policies and procedures.
  • Preparations of the monthly and yearly consolidated financial statements (US GAAP).
  • Research technical accounting issues to ensure compliance with Company policies and GAAP guidance on various areas including goodwill, investments, leases, share-based compensation, revenue recognition, foreign currency, software CAPEX, and prepare related white-paper documentation.
  • Facilitate/coordinate the process of implementing new standards and accounting changes to ensure the Company is prepared to comply at the necessary time.
  • Manage annual and periodic audit engagements including timely and accurate preparation of audit which includes footnotes to the financial statements and consolidations.
  • Establish and maintain effective internal control procedures to safeguard assets and ensure the integrity of the financial information. Conduct regular reviews and internal audits of financial processes to identify areas of improvement and efficiency.
  • Design, document, and implement finance and accounting processes and systems.
  • Collaborate with FP&A to analyze and summarize business and financial results for senior management.
  • Contribute to the fiscal soundness, operating effectiveness, and regulatory compliance of the organization.
  • Build and develop a high-performance team, establish, and continuously improve business processes and procedures to drive scalability in a high growth environment.
  • Lead and grow others; remain aware of each person’s career goals; hold development discussions; and provide meaningful tasks and assignments to promote development.

Experience, Competencies, and Technical Skills:

  • Bachelor’s degree in Accounting, Finance, Economics, or a related field. CPA certification is strongly preferred.
  • 7+ years of experience, including in a senior level accounting role. · Significant experience in public accounting and large US-based multinational corporation is highly valued,.
  • Exceptional depth of technical complex accounting knowledge and expertise in with US GAAP.
  • Understanding of early-stage company challenges with demonstrated track record of building processes and procedures from scratch to support growth trajectories.
  • Proficient in the use of and an implementation of a financial management software and ERP systems.
  • Strong written and oral communication skills, and internal control and process improvement experience required.
  • Excellent time and project management skills, strong attention to detail; focused but flexible.
  • Holds themselves and others accountable for actions and outcomes and have an unwavering adherence to set of ethical standards and principles.

Cultural and Leadership Qualities:

  • Positivity & Growth Mindset – Brings energy, determination, and motivation to excel and achieve personal and company missions and growth.
  • Adaptability & Agility – Embraces changing circumstances, learns, adapts, pivots, and acts quickly. Resilient and tenacious; suitable for fast paced, high growth environment.
  • Analytical Skills – Strong analytical and problem-solving abilities, attention to detail and comfortable working with large data set across multiple systems and performs complex analysis and reconciliation.
  • Confident in their knowledge and skills while remaining humble and curious.
  • Can engage in strong discussions to find the best solutions in a complex, matrixed environment.
  • Drive for results, bottom line oriented, can be counted on to exceed goals and steadfastly pushes others for results.
  • High emotional intelligence demonstrates abilities in conflict management, administration, reasoning, and decision making.

What we offer:

  • An amazing team of “Elevaters” with a strong, inclusive, and diverse work culture
  • Competitive compensation
  • Unlimited PTO (Paid Time Off) & 12 company paid holidays.
  • Employee Assistance Program
  • Professional Learning Programs
  • Benefits – Medical, Dental, Vision, 401K and more
  • Phone stipend.
  • Chicago office gym & roof top space
  • Commuter benefits

We are an equal employment opportunity employer. Qualified candidates are considered for employment without regard to race, color, religion, gender (including gender identity, gender expression, change of sex, and transgender status), sexual orientation, national origin, ancestry, age, military or veteran status, physical or mental disability, medical condition, pregnancy, marital status, genetic information, or any other characteristic protected by applicable law. If you need assistance or an accommodation during the application process because of a disability, it is available upon request.