Assistant Controller, Ritual
$130-193k
+ Equity participation in the form of stock options
Direct-to-consumer health supplement company
Job no longer available
Direct-to-consumer health supplement company
201-500 employees
Job no longer available
$130-193k
+ Equity participation in the form of stock options
201-500 employees
Company mission
To help turn healthy habits into a Ritual.
Role
Who you are
- Organized. This role will work across a number of different business units, it’s important that you develop systems to keep data & information structured correctly
- Analytical. Ritual is a data-driven organization. This person must be able to collect, analyze and present data in order to push projects and strategies through to our executive team
- Management. This role will manage a team of two staff members and will require supervision, development and training of junior talent members
- Communication. In this role, you'd be highly communicative around deadlines, expectations, support and collaboration within the accounting department as well as cross functional teams such as Operations, People team, Sales, etc
- Education: BS/BA in Accounting or Finance, CPA is required
- Experience: 7-10 years of accounting experience, including a mix of experience in both public and private corporate accounting
- Ideal candidate will have experience in a global, high growth, direct-to-consumer business model with inventory and digital marketing considerations. Experience with Physical inventory accounting is a must
- Working knowledge of NetSuite, or similar ERP, and strong Excel skills
- Strong knowledge of GAAP, including revenue recognition and cost accounting
- NetSuite knowledge is highly desirable
What the job involves
- Ritual is looking for a detail-oriented Assistant Controller to work with our operations and finance teams
- You will help streamline our accounting policies & procedures, build financial reporting for internal decision makers, and implement new controls to provide guidance as we navigate growth into increasing complexity of new markets, higher SKU counts, etc
- Lead monthly close process to ensure timely and accurate reporting
- Oversee general ledger accounting, including journal entries, reconciliations and accruals
- Oversee daily operations of Accounts Receivable and Accounts Payable
- Manage compliance with sales tax, and work with external tax accountants for compliance with income and franchise tax
- Collaborate and assist in leading Audit, including preparation of audit schedules and responding to auditor requests
- Recommend process improvements, internal controls, and automation in Procure to Pay and Order to Cash processes
- Supervise and mentor accounting staff; provide support for their professional development
- Provide ad hoc reports/analysis and special projects as needed
Our take
Ritual sells health supplements direct-to-consumer, with a strong focus on ingredient ethicality, traceability and transparency. Its products include multivitamins, plant based protein and Omega 3 – as well as a noteworthy prenatal vitamin, which was inspired by founder & CEO Katerina Schneider’s fruitless search for a similar product while pregnant.
The brand takes a strong position, labeling itself a team of skeptics who don’t subscribe to pseudoscience. Instead, the company conducts deep scientific research, whilst demanding more transparency in supplement ingredients – in fact, even its product capsules are clear colored. It’s a standout stance to take, going against the often over-positive wellness messages crafted by similar companies.
The health supplement industry is a crowded space in the US. Legacy providers dominate the market while conscious startups like Ritual try to appeal to equally conscious consumers. Ritual’s future success will depend largely on increasing its already strong brand awareness, as indicated by a huge social media following, and further product launches, an approach it’s admittedly well-funded for.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
5% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Feb 2019
$25m
SERIES B
Aug 2017
$10.5m
SERIES A
Total funding: $40.5m
Company HQ
Hayden Tract, Culver City, CA
Leadership
Katerina Markov Schneider
(Founder & CEO)Having studied at Brown University, they worked for Lehman Brothers until 2008, when they joined Fox Interactive Media for 2 years. They spent a combined 4 years at Universal Music Group and Atom Factory before founding Ritual in June 2015.
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