Senior Accountant, Magic Spoon
$80-105k
+ Equity + Bonus
Tues, Weds, Thurs in office
Office located in Hudson Square, NYC
Healthy and tasty cereal for adults
Be an early applicant
Healthy and tasty cereal for adults
21-100 employees
Be an early applicant
$80-105k
+ Equity + Bonus
Tues, Weds, Thurs in office
Office located in Hudson Square, NYC
21-100 employees
Company mission
To provide fun and delicious childlike cereal for grownups.
Role
Who you are
- Bachelorʼs degree in Finance or Accounting
- 3+ years of accounting specific experience
- Public accounting experience and CPA certification preferred
- Experience with CPG / retail is a plus
- In-depth knowledge of GAAP and financial reporting standards
- Proficiency in accounting software and advanced Excel skills
- Familiarity with ERP systems, specifically Microsoft Dynamics Business Central is a plus
- Strong analytical and problem-solving abilities
- Organized, detail-orientated and proactive team member
- Excellent communication and time management skills
- Outstanding attention to detail coupled with an ability to see a bigger picture
- Curious and collaborative nature
What the job involves
- As a Senior Accountant at Magic Spoon, you’ll play a key role in keeping our financial operations running smoothly and accurately
- You’ll own critical accounting processes - from managing accounts payable and performing month-end close to maintaining compliance and supporting audits - ensuring that every transaction reflects our commitment to excellence
- You’ll collaborate across teams to drive efficiency, strengthen internal controls, and provide meaningful insights that help guide financial decisions
- This is an exciting opportunity for a detail-oriented, proactive accountant to make an impact in a fast-paced, growing CPG business
- Aid in the day-to-day financial operations, including cash, accounts payable, T&E and other general ledger activities
- Manage the business’ accounts payable process and purchase order three-way matching process
- Be an integral part of the 5-day month-end close process, driving efficiencies and performing reconciliations for key accounts such as cash, fixed assets, prepaid expenses, payables and accrued expenses, booking journal entries as necessary
- Provide thoughtful insights to FP&A team on monthly actual results, and support them in their budget-to-actual analysis
- Coordinate with external auditors for annual financial audits
- Monitor & enforce the internal controls over our financial assets in order to drive accountability across the organization and ensure GAAP compliance, continuously improving accounting processes
- Support finance leadership in creation of ad-hoc financial reporting and special projects
- Collaborate internally to ensure that all transactions are booked in an accurate & timely manner
- Responsible for liaising with external vendors to obtain invoices and accruals timely
- Maintain & ensure sales tax compliance with all states
- Assist with year-end tax reporting and 1099 filings
Our take
Magic Spoon offers protein-based alternatives to popular cereal brands and has found early traction with its healthier cereals. It provides cereal flavors like Fruity, Cocoa, and Peanut Butter, but with better ingredients, zero added sugar, high protein, and low carbs, as well as gluten-free and keto-friendly options.
The cereal industry has been dominated by the same brand names since the 60s. Magic Spoon's different approach has chimed with Millennials, Gen-Z, and those looking for guilt-free comfort food. Strategic tie-ins with TikTok influencers and heavy spending on Facebook advertising allowed the new cereal brand to earn substantial profits.
With solid funding, Magic Spoon has expanded into brick-and-mortar stores, securing nearly 7,000 distribution deals by mid-2023. Competing in the massive breakfast cereal market alongside new challenges like OffLimits and Crispy Fantasy, as well as industry giants, Magic Spoon has the potential to become a household name if it can sustain its momentum.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
25% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Jun 2022
$106.4m
SERIES B
Nov 2020
$9m
EARLY VC
Total funding: $126.5m
Company benefits
- 100% covered Health, Vision, Dental insurance
- Bonus eligibility
- 401(k)
- Generous parental leave
- Unlimited vacation
- Catered lunch in office
- Dog friendly office
- Unlimited cereal
Company HQ
Tribeca, New York, NY
Leadership
Gregory Sewitz
(Co-Founder)Previous Co-CEO of Exo, Science Editor for The College Hill Independent, and Contributing Writer for Men's Journal.
Gabi Lewis
(Co-Founder)Co-founder of EXO and Management Associate at Bridgewater Associates.
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