Director/Senior Manager of Revenue Accounting, Weee!
Global Consolidation
$180-200k
+ Equity + Bonus
Office located in Fremont, CA
Online grocery delivery platform
Job no longer available
Online grocery delivery platform
501-1000 employees
Job no longer available
$180-200k
+ Equity + Bonus
Office located in Fremont, CA
501-1000 employees
Company mission
To make Asian & Hispanic groceries exciting and affordable!
Role
Who you are
- Bachelor’s degree in Accounting and active CPA
- 6+ years of experience working in a combination of public accounting, revenue and global accounting operations
- Comprehensive and current understanding of U.S. GAAP revenue recognition guidance and thorough understanding of Sarbanes-Oxley requirements
- Proven ability to interpret and apply accounting guidance and prepare formal, well-supported, memo’s and supporting analyses
- Strong communication skills, including ability to present technical guidance and analysis in a comprehensive and articulate manner to different levels and departments throughout the organization
- Process optimization focused - vision with the ability to apply practical solutions and navigate through ambiguity
- Advanced skills in Excel/spreadsheet modeling
- Experience with SAP, FloQast, and /or Workiva considered as a plus
What the job involves
- Reporting to Vice President, Corporate Controller, focused on global revenue, fulfillment and inventory related expense accounting, and oversight for the global consolidation process across 5+ legal entities
- This position plays a leading role for revenue, fulfillment and inventory expenses, and intercompany transactions in the monthly, quarterly, and annual close cycles as well as help ensure the accounting records are maintained in full compliance with US GAAP
- This role interfaces with Corporate FP&A, Tax, External Reporting, Intercompany Accounting, Billing, Data Analytics, Technical Accounting, regional accounting teams, internal and external auditors, and individuals at multiple levels and locations
- Lead revenue accounting close activities, including journal entries, balance sheet reconciliations and SOX compliance
- Lead and guide cost and inventory accounting close and reporting processes, including monthly journal entries, management reporting packages and account reconciliations
- Support technical analysis and accurate revenue recognition along with general accounting team
- Lead the billings and collections process to ensure quality of billings in support of quality revenue recognition
- Own the revenue and intercompany portions of external audits
- Oversee day to day accounting operations for revenue streams
- Oversee the monthly financial statement consolidation process, including FX remeasurement, translation, elimination, intercompany transfer pricing, and allocation
- Review new products offering to determine the revenue accounting and implement respective order-to-cash procedures
- Initiate, review, and implement process improvements to revenue, fulfillment, inventory, and intercompany/consolidation
- Identify areas for process improvement and efficiency
- Support Business and Corporate FP&A teams and other stakeholders in analysis of revenue, fulfillment, and inventory related transactions and variances to budget
- Champion process improvements and automation initiatives to reduce manual work within revenue accounting and reporting functions, specifically during periodic close cycles
- Ensure effective design and operation of internal controls over revenue, fulfillment, and inventory expense accounting and reporting and related estimates and support control testing activities conducted as part of Weee!’s internal SOX compliance program
- Support External Reporting team to provide accurate and reliable information required for external reporting and disclosures as well as deliverables and activities for the external audit
- Drive execution of accounting policies and technical accounting recommendations as pertains to revenue recognition, credit losses on customer receivables, non-monetary exchange transactions, customer rebates/discounts/returns, inventory reserves, and any related estimates
- Provide leadership and strategic guidance to support critical projects and programs, including but not limited to: system consolidation and/or upgrades, gross margin and customer/vendor reporting fidelity, product initiatives and integration, management and/or external reporting changes and improvements, and regulatory and tax compliance needs
- Lead revenue accounting activities related to any acquisition transactions, as required
- Address technical accounting matters associated with material or non-standard contracts and settlements and review supporting memos with recommended accounting treatment
- Provide clear and concise technical guidance on new and emerging accounting and reporting issues from regulatory bodies (FASB, AICPA, SEC, etc.) to internal business partners and management where there are implications for Weee! revenue accounting
- Develop and coach accounting team members to ensure appropriate understanding and application of accounting guidance and Weee!-specific policies and practices
Our take
It's often hard to find foreign or imported food ingredients in the United States. Weee is an online delivery platform aiming to address this by offering groceries and products for Asian Americans and underserved communities across North America. CEO Larry Lui founded the company after having difficulty finding Chinese ingredients in local stores when he moved to the U.S.
Since its launch in 2015, Weee caters to approximately 300,000 households in the U.S and fulfils thousands of orders a day. Originally targeting Asian consumers, the company now brands itself as an “ethnic e-grocer” in a move to attract the United States' 60 million Hispanic consumers as well. This diversification is in response to growing competition in the Asian grocery space from the likes of e-grocers Chowbus and Umamicart and retail chains H Mart and 99 Ranch Market.
The ethnic grocery market is expected to reach more than $460 billion by 2030. Weee plan to grow into this market by launching its service in over 30 additional North American cities over the next three years, expanding into the Canadian market as well. Further, 2022 funding will be used to tap into new cultural cuisines and scale development in AI and warehouse automation.
Steph
Company Specialist at Welcome to the Jungle
Insights
-1% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Feb 2022
$425m
SERIES E
Mar 2021
$315m
SERIES D
Total funding: $835.1m
Company benefits
- Company stock options
- Work from home opportunities
- Comprehensive health insurance package, including medical, dental, and vision
- 401k
- Annual bonus plan
- Vacation and holiday time off
- Monthly mobile stipend
- Monthly Weee! Points credit
- Valuable opportunity to grow into your dream role by contributing to a venture-backed startup in a high-growth stage
- Thoughtful, talented, and supportive coworkers and leadership team
Company HQ
Baylands, Fremont, CA
Leadership
Larry Liu
(Founder & CEO)Larry started his career as an Intel Product Development Engineer, before working as an Investment Intern and as a Teaching Assistant at the University of California. He spent 3 years at Brocade, another 3 at Amtel, and founded Happitail in 2012, prior to starting Weee! in January 2015.
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