Director Financial Reporting & Technical Accounting

Overview

At 2U, we are all in on purpose. We are motivated by our mission – to make learning limitless – and connected by our shared passion to deliver world-class higher education  the parent company of edX, a leading online learning platform, 2U powers thousands of higher education offerings – from free courses to full degrees. Together with our college, university, and corporate partners, we are helping accelerate careers and transform lives.

The Director of Financial Reporting & Technical Accounting will lead the preparation of financial statements, support the Company’s complex accounting areas, and manage all aspects of stock-based compensation administration. This role serves as a subject-matter expert on U.S. GAAP, complex transactions, and equity accounting, ensuring accuracy, compliance, and timely reporting. The Director will work cross-functionally with Finance, Legal, HR, and external advisors to support strategic initiatives, ongoing reporting, and compliance in a dynamic private company environment.

• Financial Reporting & Technical Accounting:
  • Lead the preparation and review of monthly, quarterly, and annual financial statements, including balance sheet, income statement, cash flow, statement of stockholders’ equity, and accompanying disclosures.
  • Ensure accuracy, completeness, and timeliness of consolidated financial results in accordance with U.S. GAAP.
  • Coordinate closely with Finance to align financial reporting with internal management reporting and Board deliverables.
  • Support the preparation of debt compliance reporting, including covenant calculations, lender deliverables, and certifications in coordination with Treasury and Legal.
  • Serve as a key liaison with external auditors to support the Company’s accounting positions and annual audits, ensuring audit readiness and timely resolution of technical matters.
  • Monitor new FASB pronouncements for applicability.
  • Take a leading role in the implementation of major new accounting standards.
  • Assist and contribute to the development of existing accounting policies, procedures and methodologies, with a focus on process improvement.
  • Clearly articulate and educate team members in finance and other departments with respect to the impact of adopted accounting policies, new standards and other technical matters.
  • Concisely and thoroughly summarize and present accounting conclusions to the accounting group and senior management.
  • Be responsible for special projects and other departmental duties as necessary.
• Equity Administration:
  • Oversee all aspects of the company’s equity programs.
  • Support Legal and HR in plan design, modifications, and updates to plan documents.
  • Review valuation models for equity instruments.
  • Manage day-to-day operations related to equity grants, exercises, cancellations, and settlements in partnership with HR, Payroll, and Legal.
  • Ensure integrity of data in the equity administration platform and reconcile with the general ledger.
  • Lead stock-based compensation accounting under ASC 718, including forecasting, journal entries, and financial statement disclosures.
  • Provide analytics and reporting on equity compensation, dilution, and plan utilization for management and the Board.

• Bachelor’s degree in accounting required.
• Active CPA license required.
• Experience performing technical accounting research and applying guidance to transactions.
• Experience writing technical accounting memoranda/position papers.
• 8+ years of accounting experience required (Big 4/public accounting background preferred).
• Proven experience preparing and reviewing GAAP financial statements.
• Possess deep and broad U.S. GAAP knowledge base.
• Excellent analytical and interpersonal skills.
• Tech-savvy and experience using all MS Office applications; strong knowledge of Excel required. Experience with Workday (or similar ERP system) and Workiva preferred.

Our global employee base is a diverse collection of innovators, dreamers, and doers working together to transform lives through higher education. We believe that every employee can advance our shared purpose, and that life at 2U should be fun and…