Senior Accountant, Babylist
$79.7-119.5k
+ Equity + Bonus
Online universal baby registry
Job no longer available
Online universal baby registry
1001+ employees
Job no longer available
$79.7-119.5k
+ Equity + Bonus
1001+ employees
Company mission
To help expecting parents get exactly what they need for the arrival of their new baby.
Role
Who you are
- A bachelor's degree in accounting, finance, or a related field is required
- You should have a minimum of 3-5 years of experience in inventory accounting. Experience in a manufacturing or retail environment is preferred. Costing accounting experience is desired.You also have experience with general accounting and ERP systems in a month-end-close environment
- Proficiency in inventory accounting principles and methods is vital. You should be well-versed in using inventory management software and have strong Excel skills
- Strong analytical skills, with the ability to interpret data, conduct variance analysis, and make data-driven decisions
- Precision and a keen eye for detail are necessary to maintain accurate financial records
- Excellent verbal and written communication skills to collaborate with cross-functional teams and present financial data effectively
- A proactive problem-solving attitude to address discrepancies and improve processes
- Familiarity with accounting standards and regulatory compliance related to inventory accounting
- The ability to adapt to changing business needs and a dynamic work environment
What the job involves
- As a Senior Accountant, you will play a crucial role in analyzing and recording transactions related to inventory, fulfillment and operations
- You will be responsible for overseeing the financial aspects of inventory and fulfillment, participating in the month end close process, providing reporting for various departments, and reviewing the balance sheet/P&L and providing commentary
- Oversight of inventory at multiple locations ensuring accurate and timely valuation and completion of transactional activities
- Perform month-end inventory reconciliations to the warehouse management system reports and create necessary journal entries
- Assist in the evaluation and implementation of costing methods that promote efficiency and effectiveness of the costing of inventory and cost of sales, as well as internal control structure, processes and monitoring
- Analyze aging reports and review turnover of inventory/in-process materials for possible impairment and calculate any necessary reserves
- Review and accurate recording of supply chain and warehouse expenses
- Review operational expenses such as freight, material cost, labor, and supplies and ensure proper accounting
- Freight expenses review and recording of accruals. Provide details on freight trends
- Analyze inventory in-transit transactions and investigate delays to ensure timely recording of transactions
- Assist with internal and external inventory audits as they pertain to inventory and fulfillment expenses
- Record/reconcile transactions for Babylist Health
- Provide inventory reporting to cross functional departments
- Balance Sheet and P&L flux analysis for inventory/fulfillment/COGS/Babylist Health accounts
- Responsible for P&L review of specific departments
- Assist in various project and work effectively with cross functional business partners, including Finance, Merchandising & Inventory Management, Supply Chain, FP&A, Accounts Payable, Engineering, Product, IT and other teams
- Financial Stewardship: Your meticulous approach to inventory management will directly impact the company's financial health
- Strategic Decision Support: Your inventory reports and analysis will serve as a critical resource for strategic decision-making
- Compliance and Auditing: Your commitment to maintaining compliant and accurate inventory records will ensure a smooth auditing process
- Cross-Functional Collaboration: Your collaboration with various departments, such as procurement and supply chain, will foster better communication and alignment within the organization
- Risk Mitigation: Your approach to variance analysis and discrepancy resolution will help the company identify and address potential risks in a timely manner
Our take
Since its 2011 launch, Babylist has grown into one of the most highly rated baby registries in the US. The difference it offers is that it allows users to include products from any store in their registries. On top of this, the company’s model also focuses heavily on creating informational content, which allows it to generate ad revenue while building customer loyalty.
Originally scaled with fairly low venture funding, Babylist claims half of new parents in the US now use its services. This, given that the baby products industry is worth close to $90 billion, shows the company's immense growth and speaks to the impact it has made in the space.
Babylist has seen strong funding in the past, which has fuelled projects such as the launch of virtual showrooms and further expanded the company's presence. The company acquired Expectful, a health and wellness tool, in 2023 with the long-term vision of combining the two companies into a larger health and wellness media property that can help people navigate all aspects of parenthood from fertility to diapers.
Steph
Company Specialist at Welcome to the Jungle
Insights
67% employee growth in 12 months
Company
Funding (1 round)
Nov 2021
$40m
SERIES C
Total funding: $40m
Company benefits
- HAPPIER WEEKENDS – We work to live, not live to work. That means we generally don’t work nights or weekends, and we offer 10 paid holidays throughout the year, in addition to your paid time off.
- PAID TIME OFF THAT WORKS FOR YOU – Life is unpredictable. Use your time off for what you need, whether that’s a vacation, family event or a day to unplug.
- PARENTAL LEAVE – We offer a flexible, 12-week paid parental leave policy.
- FLEXIBLE BENEFITS – Choose from benefits that support your working style, whether that's remote, in the office or something in between.
- HEALTH & WELLNESS – Wellness benefits include 100% paid coverage for medical, vision and dental for full-time employees.
- BABYLIST STORE DISCOUNT – All full-time employees receive a generous Babylist Store discount.
Company HQ
Emeryville, CA
Leadership
Natalie Gordon
(Founder & CEO)Former Software Engineer at Amazon. Initially founded Babylist as a side project and has since taken the company to a market leading status.
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