Group Accounting Lead

Magma is one of the world's fastest-growing and most celebrated edtech companies, transforming math education through the power of AI. Our platform turns handwritten solutions into digital insights, empowering teachers to focus on creativity and deeper learning — while giving them real-time visibility into student progress.

The result? More inclusive, engaging, and effective math classrooms for all learners.

But we're not just building better tools. We're tackling one of the biggest challenges in global education: math underperformance. With 1 in 5 students globally struggling in math — a subject that forms the backbone of so many career paths — we believe the opportunity to improve outcomes at scale is massive.

We're already the go-to solution in thousands of schools — and we're just getting started. As we expand rapidly across the U.S. and Europe, we're building a team as ambitious as our mission: to help millions of students unlock their full potential in math.

We're looking for a Group Accounting Lead to take ownership of our group accounting operations across multiple geographies, including Sweden, United States, United Kingdom, and Poland (with more to come). You'll play a foundational role in ensuring timely, accurate, and compliant financial reporting, while supporting scalable accounting processes for a fast-growing, international SaaS business.

Reporting to the VP Finance, you'll work cross-functionally with our finance, operations, and external audit partners to establish robust controls and build a future-proof accounting function.

This is an ideal opportunity for someone with 4–7 years of experience, ideally with in-house experience at a SaaS company. You'll be both strategic and hands-on, capable of executing on today's needs while preparing for tomorrow's growth.

The role is based in Stockholm, with potential for a relocation to our New York office.

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Key Responsibilities

• Own group accounting processes across Swedish, US, UK, and Polish entities
• Ensure timely and accurate reporting
• Oversee consolidation and intercompany eliminations
• Develop and refine accounting policies and internal controls across jurisdictions
• Manage external audits, including coordination with auditors and internal stakeholders
• Coordinate with local teams and external providers to ensure statutory financial statements are prepared accurately and in compliance with local requirements, and oversee the group-level review and consolidation
• Partner with other key functions to ensure completeness and compliance
• Support ERP implementation and scaling of finance systems to match Magma's global growth
• Monitor evolving accounting standards and ensure compliance
• Provide technical accounting guidance to leadership on complex issues (e.g., revenue recognition, capitalization, equity)

Who You Are

• Degree in accounting or finance
• 4–7 years of experience in accounting or audit‍
• In-house experience at a SaaS or tech company, leading group accounting activities (preferred, not required)
• Strong knowledge of international accounting standards and reporting requirements
• Comfortable working in a fast-paced, global environment with multiple stakeholders
• Detail-oriented and proactive
• Self-starter who thrives on taking ownership and driving projects forward with limited direction
• Experienced working with, and ideally also implementing, accounting systems (e.g., Quickbooks, Fortnox, Xero, Rillet, or similar), with the ability to adapt quickly to new tools
• Skilled communicator who can translate technical details into executive-ready insights

• Play a key role in an exciting journey. We are a young company with ambitious targets and meaningful goals
• Fantastic colleagues in a fun environment with great opportunities to learn
• Competitive remuneration & benefit package 
• Annual company trip 
• An opportunity to work on a meaningful mission and have an exceptional impact on education, society and how children learn math across the world‍

Start: As soon as possible

Location: Stockholm, with potential for relocation to New York

Office first: We practice an office first policy, meaning 5 days in the office

Our recruitment process (all in office):

1st interview with Hiring Manager and Head of People

2nd interview with Hiring Manager and Magma member

3rd interview with Founders and Magma member