Possible FinancePF

Accounts Payable Analyst

Possible Finance is a financial technology company offering small-dollar installment loans designed to help individuals with bad or no credit access funds and build credit history. They aim to provide an alternative to traditional payday loans with transparent terms and flexible repayment options.

Possible Finance

Employee count: 51-200

Mexico only

We’re on a mission to help our customers and their communities unlock economic mobility for generations to come. Join the team that’s making our goal a reality.

At Possible, we’re building a new type of consumer finance company. One that helps our customers stay out of debt rather than profit from them staying in it. As a Public Benefit Corporation, it is our mission and responsibility to help communities unlock economic mobility through affordable credit products crafted to improve financial health.

Founded in 2017, our lead VCs are Canvas and Union Square Ventures. We have over 100,000 reviews on the App Store with a 4.8-star average rating.

Since our founding, we have redefined how people approach small-dollar loans—delivering over $1 billion in funding to more than 1 million customers, issuing over 4 million loans, and saving our customers more than $500 million.

Team Information

Possible Finance’s accounting team's primary focus is to ensure accurate financial management and reporting for the company. We handle various financial aspects, including but not limited to, record keeping, financial analysis, audit, and tax compliance. By maintaining detailed records and providing valuable financial insights, we play a crucial role in supporting the company's growth and sustainability.

The Accounting Team is integral to Possible's overall success. By maintaining accurate financial data and providing timely reports, we enable management to make informed decisions. Our financial analysis and reporting efforts help optimize resource allocation, driving efficiency and cost-effectiveness across the organization. Moreover, ensuring compliance with financial regulations and tax laws safeguards the company's reputation and minimizes financial risks.

We act as a backbone, supporting other teams in their financial operations. We collaborate closely with departments like Operations, Marketing, and HR to ensure smooth financial transactions, expense tracking, and payroll processing. Our insights and financial reports also guide long-term strategic planning, enabling the company to adapt to market changes and capitalize on opportunities.

The Job

As a Senior Accountant, you will be primarily focused on Accounts Payable Management, with the goal of automating and scaling the function. This work will include daily processing of AP invoices, accounting skills, vendor relationship management, and compliance. Once the initial AP Management work is realized, you will expand to partner with the treasury function by generating reports and information to run our cash flow best.

We also envision the Senior Accountant leading important accounting projects we have scheduled to implement later in the year. These projects can include, but are not limited to, a new ERP implementation, cost accounting, operational cash flow, and assisting in creating policies and procedures.

Qualifications & Skills

  • 5 years with a Bachelor's Degree (3 years with an MS or equivalent experience) in Business or Accounting.
  • A strong understanding of fundamental accounting principles, including GAAP (Generally Accepted Accounting Principles), is essential. Domain expertise with financial statements, journal entries, and general ledger management. A CPA or Chartered Accountant certification is preferred.
  • Previous direct experiences with AP management, with a preference for a person who has already scaled the function.
  • Project Management experiences implementing an ERP, doing cost accounting or operational cash flow, and creating policies and procedures to automate and scale accounting across the company.
  • Meticulous and possesses excellent analytical skills. Ability to analyze financial data, detect discrepancies, and identify trends or anomalies that require further investigation.
  • Practical organizational skills are vital to leading and prioritizing tasks, ensuring that financial records are well-maintained and reports are submitted on time, and proficiency in running tasks with tools such as Trello, Notion, Asana, etc.
  • Ability to handle sensitive financial data, high integrity, and adherence to ethical standards, maintain confidentiality, and act honestly and expertly.
  • Proficiency in accounting software (ERP) and Microsoft Excel is essential, with a preference for experience participating and assisting during ERP conversion.

Possible Finance is dedicated to financial fairness and community empowerment. We welcome diverse perspectives and experiences to help us achieve our mission of unlocking economic mobility for generations to come.

Learn more about us as a Public Benefit Company.

About the job

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Posted on

Job type

Full Time

Experience level

Entry-level
Mid-level

Location requirements

Hiring timezones

Mexico +/- 0 hours

About Possible Finance

Learn more about Possible Finance and their company culture.

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At Possible Finance, the core belief is that financial health is a fundamental right for everyone, not a privilege reserved for the affluent. The company's mission is deeply rooted in empowering individuals and communities to break free from debilitating debt cycles and unlock pathways to lasting economic mobility. This commitment is not just a guiding principle but a driving force behind the development of innovative products and services designed to prove that transforming the financial industry for the better is, indeed, Possible. The journey began in the fall of 2017 when the founders united with a common vision: to create financial services that are accessible, affordable, and inherently beneficial to the user. They recognized that the existing financial system often traps hardworking individuals in a cycle of debt, with predatory payday lending and punitive overdraft fees designed to profit from borrowers' struggles. Possible Finance was conceived as a new kind of consumer finance company, one where the incentives of the customers and the company are aligned. The philosophy is simple: when customers succeed, the company succeeds.

This customer-centric approach is evident in every aspect of Possible Finance's operations. They believe individuals should be able to borrow what they need and repay it over a manageable timeframe, without the fear of penalty fees for late payments or needing extra time to catch up. This is a stark contrast to many traditional lenders. Since its inception, Possible Finance has proudly abstained from charging late fees and insufficient funds fees, a practice that has saved its customers hundreds of millions of dollars. The company's commitment extends beyond just lending; it's about providing tools and resources that foster economic mobility. This includes reporting payments to credit bureaus to help users build their credit history, offering transparent pricing, and providing flexible repayment options. As a Public Benefit Corporation, Possible Finance is legally bound to prioritize social impact alongside its business objectives, reinforcing its dedication to creating products that genuinely benefit the financial well-being of the communities it serves. The team at Possible is unwavering in this mission, constantly striving to build solutions that put consumers first and demonstrate that a fairer financial future is attainable for all.

Employee benefits

Learn about the employee benefits and perks provided at Possible Finance.

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401(K)

Offers a 401(k) plan.

Paid holidays

Offers paid holidays.

Company equity

Offers company equity.

Life insurance

Offers life insurance.

View Possible Finance's employee benefits
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Possible Finance

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Possible Finance hiring Accounts Payable Analyst • Remote (Work from Home) | Himalayas