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Senior Financial Accountant in Sydney at PayPal

Date Posted: 2/25/2019

Job Snapshot

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Job Description

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 267 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

The Senior Financial Accountant is responsible for accurate and timely statutory reporting for Australian entities, tax compliance and oversight of outsourced regulatory reporting. The role has the overall responsibility for the end to end month end close process including review and reporting and has a specific focus on technical accounting for the Australian credit entity.

This role has overall responsibility for the timely completion and review of the end to end month end close processe, Statutory Reporting and Audit, Tax, Regulatory Reporting and will provide second line defence.

Month End:

•       Close monitoring of all entries into the Australian GL regardless of where the entries are booked, including oversight of GL team entries such as cost-plus, intercompany charges and tax accruals

•       Prepare for review of the Financial Controller and Regional Controller, accurate and timely monthly insight into P&L,  Balance sheet & Cash flow, including monthly variance analysis for Australian entities.

•       Review balance sheet reconciliations performed in shared service centre, investigate and drive open items to closure

•       Prepare cash flow forecast for PPC and work with Treasury to inject capital where required

•       Monitor monthly IFRS 9 loan reserve model and understand and document changes in the underlying drivers

•       Supervision of outsourced AP process and management of local business activities to support the process in compliance with approved policies and procedures with a focus on enhancing controls

Statutory Reporting and Audit:

This role has overall responsibility for ensuring the Annual audit and statutory accounts are prepared and submitted within statutory timeframes including tasks such as:

•       Prepare annual statutory accounts for 2 entities within statutory deadlines

•       Preparation of quarterly Statutory Board reports

•       Understand new accounting standards and document any impacts to accounting treatment

•       Manage year-end audit process ensuring timely completion 


This role provides the local tax requirements for the Australian entities, is an SME for GST and BAS returns and provides support to the Financial controller in monitoring the companies BAPA compliance

•       Ownership of the monthly grouped BAS return process, SME in GST for the business and work with the global indirect tax team where required

•       Prepare annual tax returns and FBT returns

•       Assist the Financial Controller in management of company’s taxation matters such as BAPA compliance

Regulatory reporting oversight: this role provides second line defence for outsourced regulatory reporting and includes tasks such as:

•       Assist the Financial Controller with oversight of PPAU's Capital & Liquidity management including re-performing ratio calculations and understanding drivers and monitoring outsourced SLA's escalating where required, research any changes in ratios in the FBO books and working with COE and treasury to correct

•       Transition currently locally performed regulatory reports to the COE and perform second line review prior to submission to regulators. 

•      Support COE in the development of any new regulatory reporting as and when needed and perform second line testing 

Ad hoc responsibilities:

•       Support business in new product implementation from an accounting and control perspective

•     Review business processes to improve/strengthen internal controls and track remediation of control deficiencies 

•       Support the local Finance team in a variety of ad hoc projects and tasks as required

To see success in this role the ideal candidate will be tertiary qualified complimented by sound experience within Financial services, Technology or similar high paced commercial environment.

The requirements for the role include:


•         Accounting or business/commerce degree 

•         CA/CPA –  3-5 years post qual

•         Minimum of 3+ years of experience in a finance role.  The experience must include responsibility for statutory reporting and or audit, Big 4 background preferred.


•         Financial services, Technology or similar high paced commercial environment

•         Experience working in a globally listed matrix organisation advantageous

•         Experience working in a regulated entity highly desirable

•         Extensive knowledge of the Australian accounting framework and US GAAP differences

•         Exposure to credit/banking including IFRS 9 loan accounting highly desirable


•         Superb attention to detail, the ability to prioritize and deliver in a deadline-oriented environment

•         Excellent organisational skills with a proven track record to manage multiple tasks to completion

•         Ability to work cooperatively within a team, & proactively manage own schedule

•        Accustomed to working in an Autonomous environment

•        Initiative, drive and self starter mindset

•         Thrives in an ever changing environment

•         Extensive use of SAP & SAP BW and expert Excel and PowerPoint an advantage

•         Excellent communication, influencing and interpersonal relationships skills. 

•        Ability to build and maintain strong working relationships with finance stakeholders internationally

•         Passion for ecommerce

•         Commercially astute

To express your interest, apply today!

We're a purpose-driven company whose beliefs are the foundation for how we conduct business every day. We hold ourselves to our One Team Behaviors which demand that we hold the highest ethical standards, to empower an open and diverse workplace, and strive to treat everyone who is touched by our business with dignity and respect. Our employees challenge the status quo, ask questions, and find solutions. We want to break down barriers to financial empowerment. Join us as we change the way the world defines financial freedom.

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.



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