Senior Accounting Manager, ByHeart
$115-130k
+ Equity
Infant nutrition products
Be an early applicant
Infant nutrition products
101-200 employees
Be an early applicant
$115-130k
+ Equity
101-200 employees
Company mission
To make ‘best nutrition for baby’ possible for every parent out there.
Role
Who you are
- Bachelor’s Degree or higher in Accounting or Finance
- 6+ years combined professional accounting experience with a top public accounting firm or mid-to-large size firm, as well as relevant industry experience with consumer-packaged goods & emerging growth organizations
- Strong knowledge of US GAAP, and experience completing annual financial statement audit
- Proficient with MS Office with advanced excel skills and the ability to manipulate large data sets
- Experience with ERP systems required, SAP a plus
- Industry experience with manufacturing, consumer goods, DTC
- Proactive self-starter who enjoys a fast-paced environment and an ability to prioritize, multi-task, and meet pressing deadlines
- Excellent communication skills and proven ability to communicate effectively with internal and external business partners at various levels
What the job involves
- The Senior Accounting Manager is an integral part of the finance team, as a key owner of both management reporting and audited financial statements
- Will be responsible for maintaining the entire general ledger and completing a timely month close, including budget to actual analysis, balance sheet reconciliation, and continuous improvement on the month close process
- This role will work cross-functionally with all teams to ensure accounting policies are adhered to and expenses are captured correctly, and provide results to the Controller and FP&A
- Reports To: Controller, ByHeart
- Oversight of all corporate accounting operations, including accounts payable, treasury, revenue recognition, fixed assets management, and inventory
- Own and execute monthly and quarterly close, including multi-entity consolidation, ensuring accurate results are delivered timely
- Manage procurement process, including approvals, and tracking actuals to budget with department leads
- Oversee company travel, credit card, and reimbursements program
- Help lead the implementation of best practices to simplify, standardize and scale our business
- Assist in preparing consolidated internal and external financial statements by gathering and analyzing information from the general ledger system and from cross functional teams
- Serve as a key point of contact for year-end financial statement audit
- Support and work with cross-functional teams by providing departmental reporting and analysis, to ultimately assist with internal decision making
- Support special projects and ad hoc requests
Application process
- Start Date: ASAP
Our take
The infant formula market in the US has long been monopolized by four major players, and when these companies were hit by supply chain issues and plant closures, their customers took a devastating hit. As demand continued to be high, this cracked open the market for smaller baby formula players to make an entrance. ByHeart is one that’s made especially strong strides.
This is largely down to ByHeart’s early application for FDA approval. The company received this before the formula crisis hit, so it was well placed to meet the demand created by failures in more established competitors. ByHeart sales have surged recently, as they have done for ByHeart’s similarly prepared competitor Bobbie. Whilst brands like Nature’s One and Holle are similarly looking to take advantage of the market disruption, it’s likely they will be hobbled for now by hold-ups with FDA approval.
These two companies have been vying for pole position in a savvy market niche: small-batch formula that focuses on quality, grass-fed whole milk and all-natural ingredients. The US regulations on baby formula are remarkably loose, meaning that trusted and quality formula could prove a hugely lucrative niche. ByHeart's acquisition of Cascadia Nutrition will enable full control over manufacturing process so it can boost the quality, safety and reliability of its product - and perhaps start to truly dominate the market.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 3 rounds)
May 2024
$95m
LATE VC
Jul 2021
$90m
SERIES B
Total funding: $255m
Company benefits
- Health insurance - Fully paid medical, dental, and vision insurance for all employees
- Generous PTO - Flexible paid time off for vacation and sick days
- FSA & HSA - Available to all employees to help cover healthcare costs
- 401(k) Match - Helping you plan for your future
- Company Equity - Because when we succeed, we succeed together
- Paid Company Holidays - 13 company holidays each year, plus 2 days for additional religious holidays
- Paid Volunteer Days - Paid time off to participate in your choice of community service
- New Parent Support - Robust parental leave plus support for off-boarding and returning to work
- In-person & Virtual Events - Like our annual company retreat, yoga, and quarterly wine o’clock
- In-office Flexibility - Corporate employees work remotely, in-office, or both
- In-office Perks - A fully stocked kitchen, weekly catered lunches, and a Feeding Suite for pumping
- Constantly Evolving - We’re always evaluating our best-in-class benefits to ensure we have the most competitive offerings in the market
Company HQ
Exeter Township, Lorane, PA
Articles
Leadership
Mia Funt
(President)Worked as a Kantar Futures strategy consultant, then consulted with The Gates Foundation. Subsequently moved to AOL & Huffington Post to work on media business development, and then held a senior marketing and strategy role at Verizon / AOL.
Ron Belldegrun
(CEO)Worked as an investor at Visium Asset Management, then founded Consumer Health Ventures.
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