Director of Accounting, Ritual
$130-193k
Eligible for equity
Direct-to-consumer health supplement company
Job no longer available
Direct-to-consumer health supplement company
201-500 employees
Job no longer available
$130-193k
Eligible for equity
201-500 employees
Company mission
To help turn healthy habits into a Ritual.
Role
Who you are
- We're looking for someone who is excited about the Ritual brand, has a strong background in accounting and e-commerce, and is committed to creating scalable solutions in a dynamic environment
- Detail-Oriented & Analytical: You are thorough in your approach and understand the importance of getting the details right
- Collaborative & Cross-Functional: You are comfortable working across teams and translating complex business concepts into practical, actionable solutions
- Comprehensive Knowledge: You bring a well-rounded understanding of the entire accounting cycle, especially in e-commerce and direct-to-consumer businesses
- Effective Communicator: You communicate openly and clearly, while also considering the broader business context
- Education: Bachelor’s or Master’s degree in accounting or finance; CPA preferred
- Experience: 10+ years of experience in accounting, with exposure to retail, wholesale, and e-commerce; experience with Big 4 accounting or equivalent is a plus
- Expertise: Strong understanding of US GAAP, ASC 606, and SOX 404
- Skills: Advanced Excel skills and proficiency in handling large datasets
- Tools: Experience with Netsuite and proficiency with G-Suite and MS Office
- Writing: Proven experience in drafting technical memos or accounting policies
What the job involves
- We are seeking an experienced and collaborative Director of Accounting to lead our accounting operations and enhance the financial statement reporting process
- In this role, you will oversee the preparation of financial statements, ensure compliance with generally accepted accounting principles (GAAP), and lead tax compliance efforts
- Lead the adoption of new accounting guidance, working closely with internal teams and external auditors to ensure proper treatment
- Support the implementation of an internal control structure, ensuring compliance with SOX requirements
- Manage the financial reporting process, including the compilation of financial statements, segmented reporting, and developing key performance measures to meet reporting needs
- Review journal entries and schedules prepared by the accounting team
- Collaborate with cross-functional teams to assist in the development of new disclosures as necessary
- Ensure revenue is recognized in accordance with GAAP (ASC 606) and the company’s revenue recognition policies
- Apply revenue recognition standards to transactions related to gross-to-net revenue, cost of goods sold, reserves, and other revenue-related accounts (e.g., deferred revenue, gift card liabilities, store credit liabilities, refund reserves, and return assets)
- Continuously develop and refine business processes and procedures to support the growth of the accounting function
- Take on special projects, including automation initiatives and other related responsibilities as needed
Our take
Ritual sells health supplements direct-to-consumer, with a strong focus on ingredient ethicality, traceability and transparency. Its products include multivitamins, plant based protein and Omega 3 – as well as a noteworthy prenatal vitamin, which was inspired by founder & CEO Katerina Schneider’s fruitless search for a similar product while pregnant.
The brand takes a strong position, labeling itself a team of skeptics who don’t subscribe to pseudoscience. Instead, the company conducts deep scientific research, whilst demanding more transparency in supplement ingredients – in fact, even its product capsules are clear colored. It’s a standout stance to take, going against the often over-positive wellness messages crafted by similar companies.
The health supplement industry is a crowded space in the US. Legacy providers dominate the market while conscious startups like Ritual try to appeal to equally conscious consumers. Ritual’s future success will depend largely on increasing its already strong brand awareness, as indicated by a huge social media following, and further product launches, an approach it’s admittedly well-funded for.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
5% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Feb 2019
$25m
SERIES B
Aug 2017
$10.5m
SERIES A
Total funding: $40.5m
Company HQ
Hayden Tract, Culver City, CA
Leadership
Katerina Markov Schneider
(Founder & CEO)Having studied at Brown University, they worked for Lehman Brothers until 2008, when they joined Fox Interactive Media for 2 years. They spent a combined 4 years at Universal Music Group and Atom Factory before founding Ritual in June 2015.
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