General Ledger Accountant, ThredUp
$83-110k
3 days a week in office (Oakland, CA)
Fashion resale platform
Job no longer available
Fashion resale platform
1001+ employees
Job no longer available
$83-110k
3 days a week in office (Oakland, CA)
1001+ employees
Company mission
To inspire a new generation to think secondhand first.
Role
Who you are
- Bachelor’s degree
- 2+ years experience in general ledger accounting, or similar
- E-commerce and Retail experience is a plus!
- Proficiency in accounting and business management software, such as NetSuite
- Proficiency with Excel is a must (e.g., Pivot table, vlookup, sumif, iferror, etc.)
- In-depth knowledge of accounting standards and regulations
- Proactive self-starter with strong time-management and organizational skills, attention to detail and the ability to work in a dynamic, fast-paced environment
- A strong curiosity and a resolute mindset toward continuous process improvement with the ability to innovate and simplify both finance and operational processes
- Effective interpersonal skills, including proven ability to listen, comprehend, effectively communicate clearly and concisely to obtain positive results
What the job involves
- ThredUp is looking for a highly qualified and detail-oriented staff accountant to join our team and help support our rapid and sustained growth
- You will be responsible for performing journal entries, reconciling and analyzing various balance sheet and P&L accounts, ensuring transactions are correctly processed and reported in our financial systems
- To ensure success as a staff accountant, you should demonstrate a sound knowledge of best practices in general ledger accounting and have experience in a similar role. A top-class staff accountant will be someone who has outstanding problem-solving skills and enjoys working in a challenging and fast–paced, high-growth environment
- Prepare monthly expense accrual journal entries
- Perform balance sheet reconciliations for month-end close
- Assist in reviewing of monthly departmental spend, ensuring that expenses are coded to the correct account and department through review of Coupa and NetSuite
- Support management in completing special projects, ad-hoc reporting and other tasks as necessary
- Assist in consolidation of our European operations into NetSuite, ensuring correct account mapping, reconciliation of intercompany balances and transactions, etc
- Translate Bulgarian documents and records into English as necessary
- Collaborate with all parts of Finance and business partners to source accruals
- Support SOX implementation, ensuring that job duties are performed in accordance with thredUp’s SOX controls
- Support external audit requirements as required, including assisting with sampling requests, population reconciliations and various audit requests
Our take
Over 40% of Gen Z consumers claim to have bought used clothing as opposed to 20% of Gen X and Boomers. Yet, despite this change in fashion trends, consumers must often rely on brick-and-mortar thrift stores and unregulated second-hand eCommerce marketplaces in order to access and find pre-owned clothing.
ThredUp provides an online marketplace for the buying and selling of secondhand fashionwear, offering affordable prices on discount clothing whilst promising a regulated and consistent approach to quality and cleanliness standards. The company acquires its clothing through sellers sending packages of clothing, which the company then sifts through to decide what is sellable and what should be returned.
The company went public in 2021 and immediately acquired Remix, a European second-hand fashion outlet, as part of its international expansion plans. It has, however, struggled to achieve profitability thanks to global economic turmoil and a glut of new clothing in the fashion industry, causing prices to drop sharply. It is focusing on reducing its operating costs and expanding its storage capacity. Analysts expect it to weather the current conditions in good form.
Freddie
Company Specialist at Welcome to the Jungle
Insights
0% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Aug 2019
$100m
SERIES F
Sep 2015
$81m
SERIES E
Total funding: $232.9m
Company benefits
- Competitive salary (we leverage market data) + stock
- Employee stock purchase plan
- Flexible PTO (take the time you need) + 13 company holidays (US offices)
- Paid Sabbatical after 3 years of full time employment
- Generous paid parental leave for new mothers and fathers
- Medical, dental, vision, 401k, life and disability insurance offered
Company HQ
Old Oakland, Oakland, CA
Leadership
James Reinhart
(Founder & CEO)Has an MBA from Harvard Business School and started out in teaching. Also co-founded the Beacon Education Network.
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