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 (Subscription Segment)

Sorry, this job was removed at 11:13 a.m. (EST) on Tuesday, August 24, 2021
Find out who's hiring in Greater NYC Area.
See all Finance jobs in Greater NYC Area
Easy Apply
By clicking Apply Now you agree to share your profile information with the hiring company.

THE ROLE

We are looking for a highly motivated, hard working individual to join Peloton’s Global Subscription Segment Accounting Team. This candidate will play a key role in the Accounting and Finance Department during a period of high growth and process transformation.This is a high-visibility role, which requires coordinating the flow of confidential information from various business partners to senior management. This candidate will be responsible for taking ownership of the end-to-end workstream processes related to accounting for our global music royalty expenses and assisting with management of various areas of the subscription cogs close, as needed. The ideal candidate will have excellent business acumen, strong communication skills, and will be a natural numbers wizard with applicable expertise in Excel and other tools who is excited by the opportunity to help scale our growing global music accounting process. The candidate is an exceptional mentor, teammate and leader who is able to think critically and effectively while exceeding goals in a high-growth, deadline-driven environment. They are an analytical thinker who enjoys working cross-functionally in a dynamic, fast-paced environment. 


RESPONSIBILITIES 

  • Manage the preparation of month-end close processes for assigned areas (including accruals and reserves) ensuring accurate and timely reporting
  • Ensure data compliance for assigned areas across all relevant systems that drive music royalty calculations
  • Perform continuous assessment of the music close process to continually develop, automate, expand and improve month end close through thoughtful analysis and industry research to help drive the reduction of the close timeline
  • Partner with Senior Manager & External Consultants in development of automation of Music Models for Monthly Royalty Calculations (including but not limited to UAT and parallel testing)
  • Support Business Partners as Accounting SME on on specific aspects of our music business (Business Partners include, but are not limited to Music Strategy, Legal, Data Science, SECTA, Tax, and Treasury) 
  • Partner with Music Strategy Team over enhancement and automation of Music Reporting Topsheet Workflow with Licensors
  • Prepare analytics & business reporting packages over financial results on a monthly basis and report on variances versus prior periods to efficiently report results to upper management and internal business partners
  • Prepare monthly journal entries and related balance sheet account reconciliations for material reserves and balances 
  • Review monthly journal entries and related balance sheet account reconciliations prepared by staff accountant for Music Royalties
  • Assist with the design and test work leading up to the implementation of a new ERP system and automation of music close and music reporting.
  • Assist Senior Manager with preliminary review of additional Subscription COGS monthly journal entries and balance sheet reconciliations (including but not limited to Streaming & Platform, Content Production and Merchant Fees)
  • Investigate reporting discrepancies and communicate issues as they occur in a timely manner.
  • Assist with special projects, ERP enhancements, internal controls, and ad hoc analyses as requested.

QUALIFICATIONS

  • Bachelor’s Degree or Higher in Accounting or Finance
  • Active CPA or CPA eligible, highly preferred
  • In-depth knowledge of Accounting Theory and Application of U.S. GAAP
  • 5+ years of relevant Accounting experience; Public Accounting experience highly preferred
  • Experience with financial reporting and financial statement preparation; SEC experience a plus
  • Experience in SaaS, Media or Music Industries highly preferred
  • Ability to effectively communicate clear and concise ideas both verbally and in writing with various levels of senior management
  • Superior problem-solving skills and ability to manage competing priorities and deadlines
  • Proactive self-starter who enjoys a fast-paced environment and an ability to prioritize, multi-task, and meet pressing deadlines
  • Extremely Detail Oriented and Strong Organizational Skills 
  • Team player with a strong work ethic
  • Tech savvy and MS Excel super user; must be comfortable working with and analyzing large datasets and comfortable with creating end to end automation of business processes
  • Experience working with various systems, including but not limited to NetSuite, SAP, Coupa, Looker, Alteryx and Blackline
  • Experience supervising staff a plus
  • Experience in a high growth organization; international a plus

ABOUT PELOTON:

Peloton uses technology + design to connect the world through fitness, empowering people to be the best version of themselves anywhere, anytime. We have reinvented the fitness industry by developing a first-of-its-kind subscription platform. Seamlessly combining hardware, software, and streaming technology, we create digital fitness and wellness content and products that Members love. In 2020 Peloton committed to becoming an antiracist organization with the launch of the Peloton Pledge. Learn more, here.

“Together We Go Far” means that we are greater than the sum of our parts, stronger collectively when each one of us is at our best. In order to be the best version of Peloton, we are deeply committed to building a diverse workforce and inclusive culture where all of our team members can be the best version of themselves. This work has no endpoint; it is the constant work of running an organization that strives to reach its full potential. As a first step in our commitment, we announced the Peloton Pledge to invest $100 million over the next four years to fight racial injustice and inequity in our world, and to promote health and wellbeing for all, from the inside out.

Peloton is an equal opportunity employer and committed to creating an inclusive environment for all of our applicants. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. If you would like to request any accommodations from application through to interview, please email:  [email protected]


Please be aware that fictitious job openings, consulting engagements, solicitations, or employment offers may be circulated on the Internet in an attempt to obtain privileged information, or to induce you to pay a fee for services related to recruitment or training. Peloton does NOT charge any application, processing, or training fee at any stage of the recruitment or hiring process. All genuine job openings will be posted here on our careers page and all communications from the Peloton recruiting team and/or hiring managers will be from an @onepeloton.com email address. 

If you have any doubts about the authenticity of an email, letter or telephone communication purportedly from, for, or on behalf of Peloton, please email [email protected] before taking any further action in relation to the correspondence.


Peloton does not accept unsolicited agency resumes. Agencies should not forward resumes to our jobs alias, Peloton employees or any other organization location. Peloton is not responsible for any agency fees related to unsolicited resumes.

See More
Easy Apply
By clicking Apply Now you agree to share your profile information with the hiring company.

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.

More Jobs at Peloton

Easy Apply
By clicking Apply Now you agree to share your profile information with the hiring company.
Learn more about PelotonFind similar jobs like this