Peloton
Peloton is the leading interactive fitness platform globally, with a passionate community of over 6.9 million Members.
New York , NY
Hybrid

Accounting Manager, Connected Fitness Revenue

Sorry, this job was removed at 11:03 a.m. (EST) on Tuesday, September 8, 2020
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ABOUT THE ROLE

We are looking for an experienced and highly-motivated individual to join our growing Accounting and Finance team at Peloton as our Connected Fitness Revenue Manager. This position will be a key member of our Accounting Team and be a critical partner with our Financial Systems, International Accounting, Supply Chain, FP&A, Tax and other teams. The candidate will be responsible for designing and executing time efficient month-end close processes as well as managing the continued growth of our connected fitness products and continuing to build out robust internal controls. 

The ideal candidate will possess excellent communication and relationship building skills as they partner across the organization and has a thorough understanding of Peloton’s multifaceted business. The candidate is an exceptional mentor, teammate and leader who is able to guide their team while exceeding goals in a high-growth, deadline-driven environment. This position will report to the Senior Manager, Connected Fitness at Peloton's HQ in New York with a dotted line to the International Controller at Peloton’s London HQ. The manager will work on multiple projects at once and be responsible for developing and maintaining effective communication with multiple business partners. The Manager may also be involved in other Accounting & Finance activities as needed. 

RESPONSIBILITIES

  • Oversee and add consistent, valuable thought leadership regarding the accounting related to all connected fitness sales and products, as well as the design, implementation and execution of scalable and effective systems and processes that create an efficient close. 
  • Partner closely with the supply chain department & inventory accounting team to manage financial close dependencies as well as various accounting projects
  • Manage the connected fitness revenue monthly close process including the review of journal entries, reconciliation of complex balance sheet accounts and preparation of reserve models, and other related transactions.
  • Oversee the preparation and review of monthly analytics vs forecast plan, prior periods and budget for all connected fitness line items while teaming up with COGS to prepare Gross Margin Analytics on Connected Fitness and partner with FP&A in bridging variances
  • Review existing processes, structures, and systems to assist in the identification of improvement opportunities with a focus on simplification, standardization and optimization, especially the reduction of manual, Excel-based activities.
  • Partner with the ERP Teams to develop processes to prevent as well as troubleshoot system errors / improvements that would affect close
  • Continually develop, expand and improve month end close and financial reporting procedures and help drive the reduction of the close timeline by assessing and streamlining close-related activities
  • Designing and implementing effective analyses of Connected Fitness revenue, discounts, returns, incentives and the related reserves and presenting the information to Accounting and Finance leadership.
  • Maintains expertise associated with ASC 606 revenue accounting and supply chain accounting and cross sharing of this knowledge.
  • Act as a key team leader, foster a growth and innovation mindset and work to build a strong team in an ever-changing environment.
  • Support the year-end financial statement audit, quarterly reviews, as well as any statutory audits that may arise.
  • Partner with technical accounting team to update and maintain internal control policies and procedures surrounding connected fitness revenue and focus on enhancing workpaper documentation prepared by team to align with SOX compliance
  • Partner with the International Accounting Team to ensure consistency across revenue processes for connected fitness products in all subsidiaries 

QUALIFICATIONS

  • BA/BS degree in Accounting or related field
  • Active CPA license in good standing
  • 7+ years of accounting or reporting at a public company and/or external audit of public companies, with 2+ years of revenue accounting experience.
  • Must have a strong understanding and application of US GAAP, with a specialization of knowledge surrounding ASC 606 Revenue and Supply Chain Revenue
  • Proven ability to manage and develop the careers of direct reports
  • Must have a proven track record of effective communication at all levels across the entire organization, with a high level of self-awareness when it comes to the effectiveness of their own communication and an ability to lead through influence
  • Must possess knowledge and experience regarding the effective financial system design (order to cash management) and configuration of financial systems in order to support a rapidly growing and internationally expanding organization.
  • Must be a highly organized, detail-oriented self-starter with the ability to work independently and collaborate with a cross-functional team.
  • Through prior experience, recommend and implement process improvements for the overall team and drive consistency and standardization to process and procedures.
  • Ability to work effectively with all levels of an organization.  Ability to effectively communicate clear and concise ideas both verbally and in writing.
  • Strong Excel skills - must be comfortable analyzing and manipulating large data sets
  • Strong problem-solving skills, including the ability to effectively address any issue in collaboration with others as appropriate; ability to proactively identify and prevent potential problems
  • Ability to work well under pressure and effectively handle multiple, concurrent demands and appropriately prioritize responsibilities while managing and mentoring multiple team members 
  • Must have a strong understanding of internal control concepts, including documentation requirements.

ABOUT PELOTON

Peloton is the largest interactive fitness platform in the world with a loyal community of more than 2.6 million Members. The company pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its Members anytime, anywhere. Peloton makes fitness entertaining, approachable, effective, and convenient, while fostering social connections that encourage its Members to be the best versions of themselves. An innovator at the nexus of fitness, technology, and media, Peloton has reinvented the fitness industry by developing a first-of-its-kind subscription platform that seamlessly combines the best equipment, proprietary networked software, and world-class streaming digital fitness and wellness content, creating a product that its Members love. The brand's immersive content is accessible through the Peloton Bike, Peloton Tread, and Peloton App, which allows access to a full slate of fitness classes across disciplines, on any iOS or Android device, Fire TV, Roku, Chromecast and Android TV. Founded in 2012 and headquartered in New York City, Peloton has a growing number of retail showrooms across the US, UK, Canada and Germany. For more information, visit www.onepeloton.com.

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What are Peloton Perks + Benefits

Peloton Benefits Overview

At Peloton, we do not subscribe to a one-size-fits-all approach - our workforce is diverse, so our benefits must be, too. Our goal is to enable our team members to be their best, most authentic selves while providing inclusive benefits to them and their families in the moments that matter most. Peloton is proud to offer comprehensive health care, mental health benefits, childcare solutions, generous paternal leave, equity packages, and more to all full time team members. In the United States, we are proud to have recently extended our medicinal benefits offering to portions of our part-time populations at certain threshold of hours. All team members are eligible for a referral bonus plan, pre-paid legal assistance, product & appear discounts, and complimentary access to the Peloton digital app.

Culture
Volunteer in local community
Peloton offers paid Volunteer Time Off to enable and empower our team members to volunteer for causes that positively impact their communities.
Partners with nonprofits
Peloton has donated funds to organizations across a variety of causes, inclusive of Hunger Relief Efforts, Civil Rights Groups, and more.
Open door policy
OKR operational model
Team based strategic planning
Pair programming
Open office floor plan
Remote work program
Peloton's remote work program allows Team Members to work from home on occasion, as needed for them.
Diversity
Documented equal pay policy
Dedicated diversity and inclusion staff
Diversity manifesto
Diversity employee resource groups
Peloton Employee Resources Groups are employee-led groups that foster a diverse and inclusive workplace aligned with Peloton's organizational mission, values, goals, business practices, & overall D&1
Hiring practices that promote diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Peloton employees can contribute up to $2750 annually to their FSA.
Disability insurance
Disability insurance covers 60% of annual salary up to $10000 monthly maximum payout.
Dental insurance
Peloton's dental plan covers up to $3000 of expenses.
Vision insurance
Health insurance
Peloton covers up to 90% of premiums for high deductible health plans.
Life insurance
Peloton's Life Insurance is equal to 2 times an employee's annual salary with a minimum coverage of $100,000.
Pet insurance
Pet insurance is a voluntary employee-paid benefit.
Wellness programs
Team workouts
Peloton team members have free access to the Peloton digital product and can take workouts anytime!
Mental health benefits
Peloton partners with Lyra to provide mental health benefits to all employees, with 25 free sessions per year.
Financial & Retirement
401(K)
In addition to benefits that provide security for you today, you can make saving for the future easy with a 401(k) plan that allows you to save a portion of your salary towards retirement.
401(K) matching
Peloton provides employees with a 401(K) matching plan managed by ADP. We match 100% of contributions up to 4% of an employee's annual gross pay.
Company equity
Employee stock purchase plan
Our Employee Stock Purchase Plan (ESPP) is an optional program that allows eligible team members to use payroll deductions to purchase Peloton stock twice a year at a discount.
Child Care & Parental Leave Benefits
Childcare benefits
Peloton partners with Bright Horizons and Urban Sitters for Backup child care assistance. Subsidized child care & family care.
Generous parental leave
Parental Leave is a Company-Paid benefit which will pay your salary following the birth, adoption, or placement of a child. Up to 18 weeks total.
Family medical leave
Peloton provides eligible team members with up to 12 weeks of unpaid, job-protected leave per year.
Adoption Assistance
Peloton reimburses for eligible adoption expenses and 18 week of paid leave.
Vacation & Time Off Benefits
Generous PTO
Hourly team members receive between 10 to 20 days per year of paid time off based on years of service.
Paid volunteer time
Peloton employees receive 16 hours per year of paid volunteer time.
Paid holidays
Paid sick days
Team Members receive 48 hours of sick time up front.
Office Perks
Commuter benefits
Peloton offers pre-tax commuter benefits for all employees for both Transit and Parking.
Company-sponsored outings
Free snacks and drinks
Some meals provided
Company-sponsored happy hours
Peloton hosts happy hours in our NYC Penthouse on occasion.
Recreational clubs
Relocation assistance
Peloton offers a comprehensive relocation policy for employees relocating.
Fitness stipend
Peloton is proud to offer all full-time team members an annual reimbursement of $500 for Wellness related events registration/sponsor fees.
Home-office stipend for remote employees
During these unprecedented times, Peloton offers remote employees the ability to reimburse purchases for their at-home office, not exceeding $500.
Onsite gym
Professional Development Benefits
Tuition reimbursement
Peloton has partnered with Gradifi to help pay down your student debt and pay for your children's future education.
Promote from within
Continuing education stipend
Peloton provides $5250 annually of financial assistance for certain education related expenses to foster & encourage the professional development of our team members.

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