Accounting Manager, ThirdLove
$85-120k
+Equity
Inclusive bra and underwear brand
Open for applications
Inclusive bra and underwear brand
101-200 employees
Open for applications
$85-120k
+Equity
101-200 employees
Company mission
To empower women to feel confident in their day-to-day lives by providing them with great-fitting and comfortable underwear and bras.
Role
Who you are
- Bachelor’s Degree with concentration in Accounting, Finance, or related fields
- Certified Public Accountant (CPA) or working toward CPA preferred
- 5+ years of overall accounting experience, with at least 2 years public accounting experience preferred
- 2-3 years of management experience
- Experience with ecommerce/retail or consumer goods
- Advanced proficiency in accounting software (NetSuite strongly preferred, Bill.com), Microsoft Excel, Word, and PowerPoint; BI tool (Looker) experience preferred
- Strong knowledge in inventory reconciliation and costing/valuation
- Excellent organizational, analytical, and problem-solving skills with a keen attention to detail
- Excellent written and verbal communication skills, with the ability to communicate to leadership and collaborate across teams
- Proven ability to identify operational inefficiencies and implement processes/systems to address
- Confident, energetic, team player who demonstrates good judgment and influences outcomes cross-functionally
- Ability to work in a fast-paced, high-growth environment, balancing multiple priorities and have strong sense of ownership
What the job involves
- ThirdLove is growing quickly and looking to make a key hire that will help us build the financial foundation to scale with our company’s growth
- As the Accounting Manager, you will have a hand in both designing and executing month-end close processes and reconciliations as well as helping run the day to day operations of the accounting function
- What You Will Own And How You Will Make A Difference
- Month-End Close: Manage all aspects of the month-end close process and lead the preparation and review of monthly, quarterly, and annual financial statements in accordance with GAAP (Generally Accepted Accounting Principles)
- Calculate complex accruals, review journal entries, and perform account reconciliations and fluctuation analyses
- Drive efficiencies and improvements
- Coordinate and lead close meetings, including management presentations
- Accounting Operations: Own all aspects of the accounts payable and treasury functions including, but not limited to, bill review/approval, vendor communication, payment remittance, and cash reconciliation
- Also own other daily accounting operations including accounts receivable (AR), payroll, and general ledger (GL) functions
- Inventory: Manage inventory balances and activities for multiple locations and distribution channels, including reconciling landed costs & in-transit inventory and monitoring adjustments & shortages
- In conjunction with monthly financial close, ensure inventories are properly valued and reserved, liabilities are properly stated, gross margins are accurate and any significant variance versus forecast/expectation are explained
- Audits and Compliance: Coordinate with external auditors in preparation of annual financial statement audits, bank audits, and inventory appraisals by providing requested support and managing auditor communications
- Collaborate with external parties to complete required tax filings such as domestic and international sales tax and GST
- Ensure successful and timely completion of audits and tax filings
- External Reporting: Manage and prepare weekly/monthly/quarterly investor and debt reporting, ensuring accuracy and timeliness
- Team Leadership: Manage and mentor the accounting team, fostering professional development and ensuring high levels of performance and accuracy
- Provide training, timely feedback and coaching
- Continuous Improvement: Identify opportunities for process improvements, automation, and cost efficiencies within the accounting function
- Cross-Functional Collaboration: Collaborate with other departments (e.g. Product, Supply Chain/Logistics, Marketing…etc.) to ensure accurate financial tracking and reporting
- Ad-hoc Analysis/Reporting: Various other tasks and analyses as assigned or needed
Our take
Many women will know the discomfort of an ill-fitting bra or the awkwardness of a bra-measuring session. Startup lingerie brand ThirdLove are doing things differently.
ThirdLove is a premium lingerie company that snubs traditional sizing charts and instead offers more than 80 bra sizes, including half-cups, to cater for women of any size or shape. In addition to building the brand to a valuation of more than $750 million, ThirdLove has a social mission and has donated over $40 million worth of bras to multiple charitable organizations.
The company remains a challenger to established apparel brands such as Victoria’s Secret, which leads the way in a competitive $42 billion lingerie market. The company also faces competition from other industry challengers including True&Co, Brayola and Lively. A recent move to sell a portion of its range through Amazon's marketplace will bring in additional customers for the brand and give it a boost in a competitive market.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
-11% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Feb 2019
$55m
SERIES B
Feb 2018
$55m
SERIES B
Total funding: $123.6m
Company benefits
- Medical/Dental/Vision insurance
- Paid parental leave
- Flex time off
- Discounted and free products
Company values
- Put customers first
- Adaptive
- Positive
- Responsible
Company HQ
Financial District, San Francisco, CA
Articles
Leadership
Heidi Zak
(CEO)Heidi worked at Bank of America and McKinsey for a combined 5 years before taking an MBA at MIT. She then spent 3 years at Aeropostale and 2 at Google before leaving to co-found ThirdLove in July 2012.
David Spector
(Chairman)After an MBA at MIT, David spent over 2 years in Management at Google, prior to working as an Investor and Partner at Sequoia Capital. He co-founded ThirdLove with Heidi in July 2012, and has served as President since.
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