Vice President, Accounting

Company Description

At PayNearMe, we’re on a mission to make paying and getting paid as simple as possible. We build innovative technology that transforms the way businesses and their customers experience payments. Our industry-leading platform, PayXM™, is the first of its kind—designed to manage the entire payment experience from start to finish. Every click, swipe or tap is seamless, fast and secure, helping non-commerce businesses boost customer satisfaction, accelerate payments, and reduce costs.

Our single platform handles it all: cards, ACH, digital wallets such as PayPal, Venmo, Cash App Pay, Apple Pay and Google Pay, and even cash at more than 62,000 retail locations nationwide. Today, thousands of businesses across consumer lending, iGaming and online sports betting, property management, and tolling trust PayNearMe to deliver a payment experience that drives real results.

In September 2025, we raised a $50 million Series E funding round to accelerate our growth.

We’re a team of 300+ employees across 41 states, headquartered in Silicon Valley with satellite offices in Dallas, TX and Holmdel, NJ.

Join us and be part of a team that’s shaping the future of payments—one experience at a time.

PayNearMe is a rapidly growing enterprise payments platform that helps businesses collect and disburse funds across a broad range of payment types and channels. We process more than $50 billion annually for clients across consumer lending, gaming, tolling, financial institutions, and other complex, highly regulated markets.

As our transaction volume, payment capabilities, and client requirements continue to grow, we are building a money movement and accounting organization capable of scaling significantly while delivering greater accuracy, stronger controls, faster issue resolution, and less manual work.

The Opportunity

PayNearMe is seeking a Vice President of Accounting to lead three closely connected functions:

The accounting, reconciliation, and controls required to demonstrate that every dollar moved as intended and was completely and accurately recorded.

The day-to-day operational movement of client funds, including settlement, disbursements, prefunding, FBO accounts, and exceptional or manual transactions.

Ensure timely, accurate, and GAAP-compliant monthly, quarterly, and annual financial statements.

This executive will be accountable for the integrity of PayNearMe’s financials and end-to-end funds flows. PayNearMe’s systems handle the processing of billions of $ of payments and this role will ensure that all payments and disbursements are all settled properly and that they are accounted for accurately.

This is not a Product role. Product and Engineering will design and build the platform, ledgering capabilities, integrations, and automation that move money. This leader will define the financial and operational requirements, operate the resulting system, identify control or scalability gaps, and certify that client funds and accounting records are accurate.

The position reports to the Chief Financial Officer and will partner closely with Product, Engineering, Finance, Risk, Compliance, Legal, Client Operations, and external banks, processors, payment networks, and auditors.

Responsibilities:

• Corporate and Payments Accounting
• Lead PayNearMe’s Accounting organization, including general ledger, close and consolidation, revenue and transaction accounting, invoicing where required, accounts payable, payroll accounting, technical accounting, and financial reporting.
• Ensure timely, accurate, and GAAP-compliant monthly, quarterly, and annual financial statements.
• Own the accounting treatment for payments, disbursements, fees, processor costs, refunds, returns, chargebacks, reserves, client liabilities, revenue sharing, and other transaction-related activity.
• Ensure that transaction-level activity flows accurately from operational systems and subledgers into the general ledger.
• Maintain clear accounting policies for new products, payment types, contractual arrangements, and complex or unusual transactions.
• Manage the external audit and provide complete, accurate, and timely support for financial, bank-partner, client, and regulatory examinations.
• Build and maintain a scalable internal-control environment covering financial reporting, client funds, system access, manual adjustments, approvals, and segregation of duties.
• Partner with Tax, Legal, Compliance, and Risk on regulatory reporting, money-transmitter requirements, safeguarding obligations, and other matters involving client funds.
• Money Movement Operations
• Oversee daily settlement and disbursement activity across ACH, card, cash, wire, real-time payments, and other existing or emerging payment rails.
• Manage FBO, custodial, settlement, prefund, disbursement, exception, and other client-funds accounts.
• Oversee manual money movements, including prefund transfers, settlement adjustments, account reallocations, failed-payment corrections, and exceptional client disbursements.
• Establish rigorous maker/checker controls so that no individual can initiate, approve, account for, and reconcile the same movement.
• Establish clear operating procedures, cutoff times, service levels, approval limits, escalation thresholds, and contingency processes.
• Lead the operational response to settlement failures, bank or processor discrepancies, delayed disbursements, unexpected account balances, and other client-funds incidents.
• Ensure new payment products, rails, processors, and client funds flows are operationally ready before launch.
• Payment Reconciliation and Ledgering
• Own reconciliation across PayNearMe’s transaction systems and subledgers, processor and collector records, bank and FBO accounts, client balances, and general ledger.
• Reconcile client funds held in bank and FBO accounts to corresponding client-funds liabilities and transaction-level subledger records.
• Establish a complete accounting trail for all automated and manual money movements.
• Oversee settlement, prefund, suspense, receivable, payable, and exception accounts.

Qualifications:

• 12–15+ years of progressive experience across payments accounting, controllership, financial operations, banking operations, treasury operations, or payment reconciliation.
• Significant leadership experience within a FinTech, payment processor, financial institution, marketplace, money transmitter, card program, or other high-volume money-movement business.
• Demonstrated ownership of complex client-funds flows, including collections, settlement, FBO or custodial accounts, prefunding, disbursements, refunds, returns, and exceptions.
• Strong knowledge of ACH, card networks, wires, real-time payments, checks, cash networks, and other payment methods.
• Deep understanding of payment processing, clearing, settlement, reconciliation, subledgers, general ledgers, and customer-funds liabilities.
• Experience leading a corporate Accounting or Controllership organization, including close, financial reporting, technical accounting, audit, and internal controls.
• Strong understanding of GAAP and the accounting implications of payment transactions, processor activity, client-funds obligations, reserves, and revenue-sharing arrangements.
• Experience designing maker/checker controls, approval authorities, system permissions, reconciliation controls, and auditable manual-adjustment processes.
• Proven ability to identify control gaps and operational risks and then work with Product, Engineering, and Data teams to build scalable solutions.
• Experience implementing or materially improving reconciliation platforms, transaction subledgers, ERP integrations, treasury or banking systems, and workflow automation.
• Strong data orientation; comfortable investigating transaction-level activity and working with large datasets. SQL or comparable analytical fluency is highly desirable.
• Experience supporting external audits, bank-partner reviews, regulatory examinations, and financial-control testing.
• CPA strongly preferred. An equivalent combination of accounting expertise and deep payments-operations leadership will be considered.
• Bachelor’s degree in Accounting, Finance, Business, or a related field; advanced degree preferred.

The annual base salary range for this role represents PayNearMe's good-faith estimate of the base salary it reasonably expects to offer for this position at the time of hire. Actual compensation may vary based on factors including the candidate's experience, qualifications, skills, and work location. PayNearMe may offer compensation outside of this range in certain circumstances. This position will remain posted until filled.

Why Join Us?:

• Competitive salary and benefits with growth-company options grant
• Fast- paced and professional work culture
• Stock options with standard startup vesting - 1 year cliff; 4 years total
• $50 monthly communication expense stipend to go towards your phone/internet bill
• $250 stipend to enhance your WFH setup
• Reimbursement for peripheral equipment: monitor (up to $400), keyboard and mouse (up to $200)
• Premium medical benefits including vision and dental (100% coverage for employees)
• Company-sponsored life and disability insurance
• Paid parental bonding leave
• Paid sick leave, jury duty, bereavement

401k plan

• Flexible Time Off (our team members typically take off ~3-4 weeks per year)
• Volunteer Time Off
• 13 scheduled holidays

PayNearMe strives to create a workplace where all employees thrive. Our core values represent who we are today and we take pride in the way we work with each other as well as with our stakeholders.

We’re in this together to do the right thing

. We deliver real results we are proud of while remaining respectful, transparent

, and flexible.

Candidate information will be treated in accordance with our job applicant privacy notice found at: https://home.paynearme.com/ccpa-privacy-notice-jobs-employees/