VP of Accounting

Overview

Who we are… We are Payactiv, the pioneer and industry leader in Earned Wage Access, headquartered in the heart of Silicon Valley. We are the only Certified B Corporation and Public Benefit Corporation in our industry, committed to empowering workers by providing timely access to their earned wages. Our app serves millions, offering financial tools that help users avoid debt, manage their finances, and regain control over their spending.

This position is based in our Milpitas, CA office.

Payactiv is seeking an experienced and visionary Vice President of Accounting to lead and scale the accounting function during a critical growth phase. This role requires a leader adept at managing complex financial operations, particularly in a high-receivables environment typical of a fintech company specializing in earned wage access. You will report to the SVP of Finance and play a pivotal role in driving financial accuracy, compliance, and efficiency.

• Financial Management & Oversight:
  Oversee all accounting functions, including general ledger, accounts payable/receivable, payroll, and tax compliance.
• Ensure the timely and accurate preparation of monthly, quarterly, and annual financial statements in accordance with GAAP.
• Lead the design and implementation of a new Accounts Receivable (AR) system to improve scalability, efficiency, and accuracy in managing high-volume receivables.
• Optimize revenue recognition and receivables management processes to align with business growth.

• Design, implement, and monitor internal controls to safeguard company assets and ensure compliance with SOX regulations.

• Oversee and manage financial audits with external auditors, ensuring timely and accurate preparation of audit deliverables and maintaining strong relationships with auditors.
• Ensure successful completion of annual financial audits, achieving clean audit opinions with no material weaknesses.

• Automate and streamline accounting processes, leveraging technology to handle the complexity of high receivables volume.
• Work closely with the product and engineering teams to integrate financial systems with Payactiv’s platform.

• Partner with cross-functional leaders (FP&A, Legal, Product, and Engineering) to support strategic initiatives.
• Provide insights and recommendations for optimizing the company’s financial position and cash flow management.

• 10+ years of progressive accounting leadership experience, with at least 5 years in a Head of Accounting, Controller, or equivalent role.
• Experience in a fintech, SaaS, or high-growth startup environment with $50M+ ARR is preferable.
• Expertise in managing large receivables portfolios and optimizing collections processes.
• Deep understanding of GAAP, revenue recognition (ASC 606), and financial reporting.
• Proficient in financial systems (e.g., Net Suite, Intacct) and experience with ERP implementations.
• Familiarity with receivables factoring, securitization, or similar fintech models is a plus.
• Strong leadership and team-building skills.
• Excellent communication and presentation skills to effectively engage with executives, board members, and external stakeholders.
• Proven track record of driving process improvements and scaling accounting functions in a growth-oriented company.
• Bachelor’s degree in Accounting, Finance, or a related field (CPA strongly preferred).
• An advanced degree (MBA) is a plus.

• Company Sponsored Health, Dental and Vision insurance
• 401K, traditional and Roth with employer match
• Tuition Assistance or Tuition Reimbursement
• Monthly Gym Reimbursement
• Paid time off to volunteer
• Paid Family Leave (California)
• Unlimited Paid Time Off
• Complimentary office lunches
• Opportunity to grow
• Opportunity to work with a great team committed to making a difference.