Job Description
The Company
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy.
We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, whether they are online or in person. PayPal is more than a connection to third-party payment networks. We provide proprietary payment solutions accepted by merchants that enable the completion of payments on our platform on behalf of our customers.
We offer our customers the flexibility to use their accounts to purchase and receive payments for goods and services, as well as the ability to transfer and withdraw funds. We enable consumers to exchange funds more safely with merchants using a variety of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products such as gift cards, and eligible credit card rewards. Our PayPal, Venmo, and Xoom products also make it safer and simpler for friends and family to transfer funds to each other. We offer merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as instant access to funds and payouts. We also help merchants connect with their customers, process exchanges and returns, and manage risk. We enable consumers to engage in cross-border shopping and merchants to extend their global reach while reducing the complexity and friction involved in enabling cross-border trade.
Our beliefs are the foundation for how we conduct business every day. We live each day guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Together, our values ensure that we work together as one global team with our customers at the center of everything we do – and they push us to ensure we take care of ourselves, each other, and our communities.
Job Description Summary:
What you need to know about the role The Senior Accountant is responsible for the preparation and analysis of general ledger account reconciliations for multiple Core PayPal products in best-in-class FBO (For the Benefit of Others) function and has responsibility for monthly accounting activities including account reconciliations, research, analysis, account balance checks, journal entry preparation, review, and posting, and other monthly close. The senior accountant will also be involved in providing audit assistance, recommending and implementation of process improvements, integration of newly acquired businesses related tasks, special projects, and management of processes. Meet our team Global Accounting Operations (Customer Accounting) directly impacts financial reconciliations. We reconcile Balance Sheet GL accounts related to Customer Activity including Customer Liability, Funds Payable, Funds Receivable and Cash. You will have the opportunity to work with multiple global teams ensuring our customer activity and our company aims are maximized with the highest standards of integrity.
Job Description:
Your way to impact
You will have the opportunity to work with multiple global teams. You will positively effect the Global Financial Operations goals of customer first with the highest standard of integrity. You will participate in a full scope of reconciliation, issue escalation, root cause analysis, back office user acceptance testing and pilot testing on new financial product launches.
Your day to day
• Ensuring compliance with internal, operating, and financial controls
• Leveraging a solid understanding of accounting rules to provide timely, accurate, and standardized account reconciliations
• Reviewing the monthly reconciliation to the general ledger and provide support for variance resolution
• Works independently to research, track and timely resolve outstanding reconciling items and related issues. Ability to apply advanced research techniques to accurately identify the source of the reconciling items. Communicates with internal resources and/or processors to escalate and resolve these differences.
• Preparing, reviewing, and recording journal entries in accordance with PayPal operating controls and policy
• Liaises across various finance functions to effectively communicate inquiries and policies
• Responding to audit inquiries (SOX and external auditors)
• Providing guidance and support to offshore accounting team
• Supporting new business initiatives that impact accounting processes including participation in projects: testing and training.
• Works with a high degree of initiative to identify and recommend process improvement opportunities in the areas of reconciliation, journal entry preparation, and analysis.
What Do You Need To Bring
• Bachelor’s degree in accounting or finance, CPA preferred
• Minimum 5 years of relevant accounting and finance experiences; proficient in US GAAP application
• “Big 4” public accounting experiences preferred
• Financial systems knowledge and experience with SAP or similar ERP systems
• Excellent verbal and written communication skills with the ability to communicate accounting concepts between cross-functional teams within the organization
• Ability to manage a diverse workload, while ensuring accuracy and timeliness with attention to detail and a commitment to continuous process improvement
• Proven ability to operate successfully in a highly complex and changing environment with competing objectives and priorities
For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.
Our Benefits:
At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.
We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit https://www.paypalbenefits.com
Who We Are:
To learn more about our culture and community visit https://about.pypl.com/who-we-are/default.aspx
Commitment to Diversity and Inclusion
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, ****** 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. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at [email protected].
Belonging at PayPal:
Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.
Any general requests for consideration of your skills, please Join our Talent Community.
We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy.
We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, whether they are online or in person. PayPal is more than a connection to third-party payment networks. We provide proprietary payment solutions accepted by merchants that enable the completion of payments on our platform on behalf of our customers.
We offer our customers the flexibility to use their accounts to purchase and receive payments for goods and services, as well as the ability to transfer and withdraw funds. We enable consumers to exchange funds more safely with merchants using a variety of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products such as gift cards, and eligible credit card rewards. Our PayPal, Venmo, and Xoom products also make it safer and simpler for friends and family to transfer funds to each other. We offer merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as instant access to funds and payouts. We also help merchants connect with their customers, process exchanges and returns, and manage risk. We enable consumers to engage in cross-border shopping and merchants to extend their global reach while reducing the complexity and friction involved in enabling cross-border trade.
Our beliefs are the foundation for how we conduct business every day. We live each day guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Together, our values ensure that we work together as one global team with our customers at the center of everything we do – and they push us to ensure we take care of ourselves, each other, and our communities.
Job Description Summary:
What you need to know about the role The Senior Accountant is responsible for the preparation and analysis of general ledger account reconciliations for multiple Core PayPal products in best-in-class FBO (For the Benefit of Others) function and has responsibility for monthly accounting activities including account reconciliations, research, analysis, account balance checks, journal entry preparation, review, and posting, and other monthly close. The senior accountant will also be involved in providing audit assistance, recommending and implementation of process improvements, integration of newly acquired businesses related tasks, special projects, and management of processes. Meet our team Global Accounting Operations (Customer Accounting) directly impacts financial reconciliations. We reconcile Balance Sheet GL accounts related to Customer Activity including Customer Liability, Funds Payable, Funds Receivable and Cash. You will have the opportunity to work with multiple global teams ensuring our customer activity and our company aims are maximized with the highest standards of integrity.
Job Description:
Your way to impact
You will have the opportunity to work with multiple global teams. You will positively effect the Global Financial Operations goals of customer first with the highest standard of integrity. You will participate in a full scope of reconciliation, issue escalation, root cause analysis, back office user acceptance testing and pilot testing on new financial product launches.
Your day to day
• Ensuring compliance with internal, operating, and financial controls
• Leveraging a solid understanding of accounting rules to provide timely, accurate, and standardized account reconciliations
• Reviewing the monthly reconciliation to the general ledger and provide support for variance resolution
• Works independently to research, track and timely resolve outstanding reconciling items and related issues. Ability to apply advanced research techniques to accurately identify the source of the reconciling items. Communicates with internal resources and/or processors to escalate and resolve these differences.
• Preparing, reviewing, and recording journal entries in accordance with PayPal operating controls and policy
• Liaises across various finance functions to effectively communicate inquiries and policies
• Responding to audit inquiries (SOX and external auditors)
• Providing guidance and support to offshore accounting team
• Supporting new business initiatives that impact accounting processes including participation in projects: testing and training.
• Works with a high degree of initiative to identify and recommend process improvement opportunities in the areas of reconciliation, journal entry preparation, and analysis.
What Do You Need To Bring
• Bachelor’s degree in accounting or finance, CPA preferred
• Minimum 5 years of relevant accounting and finance experiences; proficient in US GAAP application
• “Big 4” public accounting experiences preferred
• Financial systems knowledge and experience with SAP or similar ERP systems
• Excellent verbal and written communication skills with the ability to communicate accounting concepts between cross-functional teams within the organization
• Ability to manage a diverse workload, while ensuring accuracy and timeliness with attention to detail and a commitment to continuous process improvement
• Proven ability to operate successfully in a highly complex and changing environment with competing objectives and priorities
For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.
Our Benefits:
At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.
We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit https://www.paypalbenefits.com
Who We Are:
To learn more about our culture and community visit https://about.pypl.com/who-we-are/default.aspx
Commitment to Diversity and Inclusion
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, ****** 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. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at [email protected].
Belonging at PayPal:
Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.
Any general requests for consideration of your skills, please Join our Talent Community.
We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.
💡 Quick Summary
Seeking a career-building opportunity? The Accountant 4 position is now open for candidates interested in the Accountant Jobs sector. This role in Chennai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
