Director of Accounting, Stitchfix
Revenue
$152.3-224k
+ Equity
More information about location
Online personal styling
Open for applications
Online personal styling
1001+ employees
Open for applications
$152.3-224k
+ Equity
More information about location
1001+ employees
Company mission
To change the way people find clothes they love by combining technology with the personal touch of seasoned style experts.
Role
Who you are
- This role is ideal for someone passionate about optimizing processes, driving automation, and maintaining a robust internal control environment
- You have a minimum 10-12 years of experience in Accounting with a specific focus on revenue accounting at a retail company and/or corporate accounting
- Strong knowledge of GAAP and relevant accounting standards
- You have a BA / BS degree in Accounting
- You have strong Microsoft and Google Suite skills and are adept at financial systems (e.g. Oracle, payment processors, SQL skills, proprietary systems)
- You have prior exposure to internally developed software for revenue recognition, including developing end-to-end test scenarios and the relevant SOX controls required
- You have experience presenting to executive leadership at a large, public company
- You have excellent analytical, troubleshooting, problem-solving, and project management skills and the ability to spot trends in large amounts of data
- You have excellent process planning, problem solving and analytical skills with a strong attention to detail
- You have excellent communication skills, both written and verbal
- You have strong interpersonal skills and the ability to build trust with business partners
- You’re highly self-motivated, have a stellar work ethic and you’re looking for the right company to support your growth
- Above all else you are bright, kind and motivated by challenge
What the job involves
- The Director of Accounting will lead all aspects of our Revenue and Corporate Accounting function
- Reporting to the Senior Director, Accounting & Controls, this person will lead and oversee all aspects of the monthly accounting close process, including revenue, SG&A and balance sheet management
- Key areas of responsibility will include revenue recognition, fixed assets, leases, prepaids, operating expenses, payroll and benefits accounting
- This role requires strong analytical and strategic capabilities to interpret and communicate financial results effectively
- Additionally, this person will manage and mentor a team, fostering a high-performing and collaborative environment
- To succeed in this role, you must have strong managerial, analytical and systems skills, along with a keen attention to detail
- You should be able to understand the company’s financials and strategic goals while effectively overseeing accounting operations
- Lead the preparation, completeness, and accuracy of all aspects of the monthly financial close processes in partnership with others on the team, monitoring close progression and ensuring tasks are completed in an efficient and sustainable way
- Oversee accounting for revenue accounting and associated sales return reserves ensuring compliance with GAAP and SOX controls
- Oversee accounting for capitalized software, fixed assets, leases, prepaids, accruals for operating expenses, payroll and benefits accounting, ensuring compliance with GAAP and SOX controls
- Support the company-wide system and application changes within Oracle and internal proprietary applications, ensuring financial are complete and accurate and in compliance with SOX controls
- Ensure all revenue and balance sheet accounts are reconciled on a monthly basis with detailed review procedures performed over the account analysis - and review key estimates on a quarterly basis such as refund reserves
- Lead and manage a high-performing team of 6 people including mentoring and fostering innovation
- Manage external audit and unclaimed property audits, along with ad-hoc requests
- Build trusted relationships with key cross-functional business partners and within Finance team to ensure seamless data integrations and accurate reporting
- Drive a continuous improvement approach that improves accounting operations, efficiencies, effectiveness, and scalability
Our take
Shopping online for clothes is not always a fun experience. Finding clothes you like is only half the battle. Sizing guides and return policies seem to have been designed to be challenging to understand, and can also vary wildly from company to company.
Stitchfix sets out to change this by making online clothes shopping personalized and hassle-free. Customers take a survey on their personal tastes, and pay a one-off fee for a stylist, to receive a box of 5 personalized items. Then, they simply pay for any items they keep, or return what they don't want free of charge. The stylists fee is deducted from the first purchase and if they keep all 5 items, they receive a discount.
Stitchfix's unique blend of technology, and human touch in styling, allows the company to deliver its personalized experience at scale, with its growing data sets putting them in a great place to predict consumer trends and preferences. Unfortunately, the company has been hit hard by the current economic climate - cutting staff back in June 2022 as well as again in early 2023. Only time will tell if this once exciting brand will be able to bounce back from this bump in the road and find success again in the future.
Steph
Company Specialist at Welcome to the Jungle
Insights
-7% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Jun 2014
$30m
SERIES C
Oct 2013
$12m
SERIES B
Total funding: $47.6m
Company benefits
- Leadership, managing people program, career journey & other training opportunities
- Company equity for eligible roles
- Medical, dental and vision benefits
- 401(k) plan
- Unlimited vacation for qualified roles
- Competitive parental leave
- Enjoy 40% off of Fixes plus access to quarterly sample sales
- Collaborative workspaces - Open floor plan with standing desks & living room seating throughout
Company HQ
Financial District, San Francisco, CA
Leadership
Katrina Lake
(CEO)BA in Economics from Stanford. MBA from Harvard Business School. Previously 2 years as an Associate at The Parthenon Group and 2 years as an Associate at Leader Ventures.
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