Director of Revenue Operations, StockX
$180-200k
Streetwear marketplace
Job no longer available
Streetwear marketplace
1001+ employees
Job no longer available
$180-200k
1001+ employees
Company mission
To provide access to the world's most coveted items in the smartest way possible.
Role
Who you are
- B.S. Degree in Finance / Accounting
- CPA license required
- 10+ years progressive financial and accounting experience
- Minimum 3+ years public accounting experience required
- Minimum 5+ years leading large teams and dealing with various revenue systems
- Experience with and strong understanding of US GAAP, revenue recognition, FX remeasurement, and systems
- Demonstrates strong interpersonal, written and oral communication skills
- Demonstrated ability to lead, develop and grow existing team as well as develop and maintain strong cross-functional relationships
Desirable
- Big 4 public accounting experience highly desirable
- E-commerce experience preferred
- Experience working in a flexible, fast-paced environment while managing multiple projects simultaneously
What the job involves
- Collaborate with key business partners to maintain and/or improve existing reconciliation system(s) and processes that will provide complete, timely, and accurate reporting of every transaction processed by StockX, including:
- Developing a monthly OCM (order-to-cash) reconciliation process including revenue recognized & payments made to sellers
- Ensuring transactions are accurately reflected in the subledgers at month-end by improving existing business rules and logic
- Properly remeasuring transactions in a foreign-denominated currency into USD
- Oversee revenue operations to develop strategy to reconcile orders weekly vs. monthly in an efficient and sustainable manner
- Partner with key business leaders on various business initiatives to ensure Revenue Accounting can support proper revenue recognition, follow proper change control and minimize operational inefficiencies
- Continually assess existing systems and develop a long-term systems strategy to support the growth of StockX
- Develop key policies and guidelines around existing and future processes that will allow for transparency, efficiency and scalability
- Continue to develop processes, reports, and analytics to support quarterly reviews and annual audit requirements
- Continue to develop and/or improve key and secondary SOX controls around close, data management, systems and reporting
- Lead and develop the existing team to support global accounting requirements to meet public-company standards
Our take
StockX pairs buyers with sellers and verifies products through its live bid-and-ask structure, funding itself by charging a transaction fee on each sale. In return it verifies each item sold on the platform for authenticity and condition, setting it aside from competitors in this space such as TheRealReal.
The company is now hoping to further distinguish itself by working directly with brands to release products through the platform, with a vision to letting its customers set the price for goods in the same way investors do for shares in the stock exchange.
Despite issues including allegations of counterfeiting from Nike and a general slowdown in the resale goods market over 2022, StockX has continued its rapid growth, doubling the number of buyers on its network to 12 million. While a global economic slowdown has caused it to give up on plans for an IPO in the near term, StockX is nonetheless planning to expand its product line and expand internationally in the near future.
Steph
Company Specialist at Welcome to the Jungle
Insights
-7% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Apr 2021
$60m
SERIES E
Dec 2020
$275m
SERIES E
Total funding: $495m
Company benefits
- We promote the physical and emotional health of our team members and their families. We offer generous health benefits packages to keep our team members happy and healthy
- Rest and recharge when you need it the most: In addition to a full holiday schedule, we offer generous paid time off for our team members
- Be present with your new family member: Through our parental leave benefit, new parents receive paid time off
- Invest in your future. Many of our team members can take part in our pension or 401k programs
- Unlimited paid time off policy
- Work from home opportunities
- Health insurance
Company HQ
Downtown Detroit, Detroit, MI
Leadership
Greg Schwartz
(Co-Founder & CEO)Worked at Deutsche Bank before founding Upto, a calendar software startup where he acted as CEO prior to founding StockX
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