Senior Accountant
WHAT WE DO
Bombfell is an online personal styling service for men and one of the fastest-growing startups in the country. In 2017, we were included in the Inc. 5000 list for fastest-growing companies (#218). We're building a powerful, entirely personalized retail experience that enables men to buy their clothing with confidence.
Featured in such prominent publications as the New York Times, TIME, Business Insider, Wall Street Journal, TechCrunch and Vogue, Bombfell is backed by world-class investors with deep e-commerce experience.
HOW WE DO
We pride ourselves on blending best-in-class tech with expert styling and have attracted an extraordinarily well-rounded team of both technical and creative talent.
We've entered hyper-growth stage and are scaling our team to make a dent in the e-commerce universe.
We've got a close-knit culture that prioritizes results, self-motivation, a diversity of viewpoints and open communication. We treasure humility and foster camaraderie. We've got engineers, fashionistas, marketers and ops all under one roof in an open floor plan.
We eat lunch together every day, have team-building exercises and dismissively snipe about each other in our Game of Thrones fantasy league.
YOU
Some say the devil is in the details, but you see answers there. Just as Anakin Skywalker brought balance to the Force and Leia was (some say) the better half of a winning twin-duo, you, well, balance debits and credits. Like Rey’s use of the Force, seldom does this raw talent in business acumen evidence itself in one so early.
You’ve worked in companies large and small, so you know what it means to roll up your sleeves and make things happen yourself and can benchmark functionality against best practice. Yup, process improvement is important to you - just because something has always been done a certain way doesn’t mean it always has to be. You pride yourself on shaving time off how long it takes to get things done. It’s part of your DNA.
You enjoy working in a team environment, and meeting with members of other departments gets your creative juices flowing on how you can help improve the company’s bottom line.
THE ROLE
Join a collaborative environment where fashion meets technology, and data drives decision making. Reporting to the SVP Finance & Administration, the Senior Accountant will be exposed to all areas of operational finance.
RESPONSIBILITIES
Month-end Close
Provision of operational financial data to third-party accountants
Generate and perform initial review of all sales & cost of goods sold reporting
Perform detailed shipping analyses and instruct monthly accrual amounts
Maintain monthly deferred revenue rollforward
Perform initial review of the monthly financial statements to include review of detailed balance sheet reconciliations
Creation and ownership of key reconciliations (Inventory, Sales Tax Payable, etc.)
Financial Reporting
Provide periodic financial statements to partners, banks and investors, as required
Assist in the development of budgets and forecasts:
Update of the actuals to the forecast
Prepare monthly budget to actual reporting
Provide ongoing oversight and ownership of budgeting for specific P&L line items (software, professional services, T&E, etc.)
Year-end Audit and Tax Support
Assist in the coordination of the external audit of annual financial statements
Assist in the coordination of tax and regulatory filings as needed
Assist in the evaluation and implementation of new systems, processes, and controls, as appropriate
Tax Compliance
Act as primary contact for all tax matters
Ensure timely filing of all local, state, and federal tax filings by authorized third parties
Keep tax jurisdiction listing current and update tax calendar for any internally performed filings (NYC-CRT, Delaware Franchise Tax, etc.)
Maintain tax filing archive
Monitor new and existing regulations to ensure compliance
Accounts Payable & Cash Flow Management
Address inquiries of junior accounting staff with respect to payable matters
Perform monthly reviews of the detailed A/P subledger for stale invoices and/or credit balances and instruct junior accounting staff on the corrective action
Perform periodic DPO analyses and identify opportunities for improved terms
Monitor A/P balances and perform predictive analyses of the related cash flows
Review weekly working capital analysis and propose invoices for inclusion in the upcoming payment cycle
Coordinate timely collections from customers
REQUIREMENTS
Impeccable personal and professional integrity
Strong understanding of financial and accounting principles and systems
Strong process orientation and discipline
Team player with a "can-do" attitude and ability to work intensively with a full sense of ownership of the work product at all times
Strong analytical and communication skills
Ability to multi-task in a fast-paced environment
Ability to work independently
EDUCATION AND EXPERIENCE QUALIFICATIONS
A bachelor's degree in Accounting or Finance is required, with a CPA a plus
Minimum of 3 years accounting experience
Prior experience with an e-commerce business which holds inventory major plus
Prior experience with many, if not most, of the required duties
Strong Excel skills and experience with financial and general ledger systems
Solid grasp and appreciation of internal controls and policies
PERKS
Health insurance, dental/vision plus disability insurance
Lunch provided every day while in the office
Transportation subsidy
Free snacks and board games
Quarterly clothing allowance, plus the ability to purchase clothes at wholesale pricing