Compensation Accounting Manager

Lending Club (NYSE: LC) is the world’s largest online marketplace connecting borrowers and investors. Our mission is to transform the banking system to make credit more affordable and investing more rewarding and help people achieve their financial goals. We operate at a lower cost than traditional banks and pass the savings on to borrowers in the form of lower rates and to investors in the form of attractive risk adjusted returns.

The Compensation Accounting Manager is responsible for the timely and accurate recording of compensation and benefits related activities of the company. This includes recording payroll and related benefits, taxes and accruals; corporate bonus calculations and accruals; sales commissions / compensation plan calculations and accruals; equity-based compensation calculations. The Manager will work cross-functionally with the relevant managers of the transactional processing groups, including the Director of Payroll and the Director of Equity Administration; HR Operations and Benefits; Director of Accounting; and the Financial Planning and Analysis group. This role reports to the Compensation Accounting Director.

**Equity Accounting:** * Responsible for the ASC 718 stock based compensation expense (for equity awards and ESPP plans) * Responsible for the planning, organizing, and coordination of monthly, quarterly and year-end close processes as related to all share based compensation and equity accounts. * Prepare quarter end analysis and flux explanations as related to all share based compensation and equity accounts. * Prepare SEC schedules and disclosure information and tie-out as related to equity compensation sections on 10-Q/10-K/Annual Proxy. Also includes complete calculation for EPS * Support other departments with routine or ad hoc requests * Within Sarbanes-Oxley Compliance (404), responsibility for evaluating control procedures necessary to assure compliance, establishing and monitoring compliance with these procedures * Sales Compensation and Other Variable Compensation Accounting: * Responsible for the calculation and proper accounting of the corporate performance bonus plans. * Recommends and implements tools, processes and data flows that will allow the company to scales its variable compensation accounting process. * Provides assistance to FP&A in running forecasting models for variable compensation plans. **Payroll Accounting:** * Support bi-weekly and semi-monthly payroll cycles with the recording of needed journal entries. Ensure all payroll-related processing is systematically reflected in the general ledger. * Analyze data and reconcile and balance payroll results, payroll postings and general ledger interface transmittals for all on and off cycle processing and adjustment runs. * Provide reconciliations and flux analysis of payroll-related balance sheet and bank accounts. * Maintain current and accurate mapping of general ledger accounts for payroll expenses and liabilities in the payroll system. * Communicate regularly with payroll team to resolve escalation issues and to share lessons learned to optimize service delivery

**Role Requirements:** * 7-10 years relevant experience * B.S. / B.A. in Accounting, Finance or Business Administration * C.P.A. desired * Knowledge of Oracle Fusion Financials or equivalent **Other Skills:** * Excellent organization skills, analytical skills and attention to detail * Strong leadership, interpersonal and communication skills * Adaptability is a characteristic highly valued in this high growth environment * Demonstrated ability to scale process, technology and people * Experience interacting with legal, accounting, tax and treasury functions on compliance and design issues; vendor management; communications; process flows; database maintenance/use; report retrieval logic; and supervision or management experience. Excellent customer relationship management skills. * Ability to drive process improvements * Strong computer and analytical skills, including high proficiency in Excel