Technical Accounting & Policy and Financial Reporting Manager, Vita Coco
$140-170k
2-3 days a week in office (Manhattan, NY)
Coconut-based beverages
Job no longer available
Coconut-based beverages
201-500 employees
Job no longer available
$140-170k
2-3 days a week in office (Manhattan, NY)
201-500 employees
Company mission
To reimagine what is possible when brands deliver great-tasting, natural, and nutritious products that are better for you and better for the world.
Role
Who you are
- Education Required: Bachelor's degree in Accounting or Finance
- Years of experience: 7+ years of accounting experience
- CPA, MBA, or other relevant professional designation required
- Management experience required in a public company
- Prior experience in a Big 4 accounting firm is preferred
- Ability to manage documentation, with great attention to detail
- Experience working with Wdesk, SAP and TM1 is preferred
- Proactive self-starter who has an ability to prioritize, multi-task and meet tight deadlines
- Good communication skills
- Ability to work independently and with a team
- Problem-solving, analysis, and research skills to resolve outstanding issues
- Strong leadership skills
What the job involves
- Vita Coco is hiring a Technical Accounting & Policy and Financial Reporting manager to report directly to the Chief Accounting Officer
- The Technical Accounting & Policy and Financial Reporting manager will provide leadership over the technical guidance and accounting policy development and the financial reporting process
- Ensure compliance with all US GAAP and disclosure requirements for the consolidated financial statements
- Assist the broader accounting team with the monthly financial close process, including review of account reconciliations, journal entries and maintaining accurate supporting analysis and documentation across various complex accounting areas, which may include: equity and stock-based compensation, goodwill and intangible assets impairment, revenue recognition, inventory accounting, leases, derivative instruments, and foreign currency transactions
- Research and analyze non-routine and complex technical accounting issues and prepare accounting memos documenting accounting positions taken
- Provide the executive management and FP&A individuals with advice on the financial and accounting implications of various contracts and business arrangements
- Keep up-to-date with new accounting and disclosure requirements and provide communication and training to broader global finance and accounting teams. Lead the assessment and implementation of new SEC/US GAAP pronouncements, including evaluation of process or system changes to efficiently administer reporting requirements
- Analyze period-over-period fluctuations and provide insightful commentary of key business drivers in accounting areas assigned; respond timely to inquiries through research and analysis from all global accounting teams
- Support numerous special projects and requests from the executive leadership team/board of directors as they arise
- Assist in all aspects of financial reporting, including SEC reporting (10-Q, 10-K, earnings releases, Proxy Statement, and others)
- Assist in the coordination of external and internal audits and provide requests as needed
- Proactively identify areas for improvement; provide recommendations to management and execute changes
Our take
Coconut water is a $1B+ market in the US, and it was fiercely fought over back when it was still emerging. Vita Coco ultimately came out on top, beating out Zico (ultimately shuttered following its acquisition by Coca-Cola), and since then, has spread its reach to over 30 countries worldwide.
It’s made some savvy product decisions to keep hold of this top spot. The Vita Coco brand has diversified to accommodate evolving consumer priorities by adding additional health- and sustainability-focused beverages. It’s also riding the recent canned-cocktail craze through a partnership forged with Diageo’s Captain Morgan. And perhaps most importantly, it hasn’t changed its prices much despite the economic downturn.
Analysts predict this budget-friendly approach will see the top-tier company performing well in the event of a recession. Certainly, it will also give the company a boost in a market where coconut water is considered a premium beverage. There are whispers that Zico might be returning to the game, but this old rival will have a lot of catching up to do, especially off the back of a post-IPO secondary offering that has bolstered Coco's value.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (2 rounds)
Feb 2011
$13.7m
EARLY VC
May 2010
$4.1m
EARLY VC
Total funding: $17.8m
Company benefits
- Health Benefits
- 401(k) + Match
- Paid Holidays and Unlimited Vacation
- Phone Allowance
- Car Allowance
- Gas Card
- Professional Development
- Financial Advisors
- Employee Product Allowance
- Commuter Benefits
- Paid Maternity and Paternity Leave
- CALM & PEERFIT Gym Membership
- Vita Coco E*Trade Account
- Pet Insurance & Dog Friendly Office
Company HQ
Midtown Manhattan, New York, NY
Leadership
Michael Kirban
(Executive Chairman & Co-Founder)Has been with the company ever since co-founding it back in 2004.
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