Senior Accountant, ThredUp
General Ledger
$125-150k
+ Discretionary restricted stock unit awards + Employee Stock Purchase Plan
More information about location
3+ days a week in office (Oakland, CA)
Fashion resale platform
Open for applications
Fashion resale platform
501-1000 employees
Open for applications
$125-150k
+ Discretionary restricted stock unit awards + Employee Stock Purchase Plan
More information about location
3+ days a week in office (Oakland, CA)
501-1000 employees
Company mission
To inspire a new generation to think secondhand first.
Role
Who you are
- ThredUp is looking for a highly qualified, technically savvy and detail-oriented Senior GL Accountant to join our team and help support our rapid and sustained growth
- Bachelor’s degree in Accounting or Finance required
- 3+ years of relevant experience, with a blend of public accounting and/or general ledger accounting required
- Strong knowledge of U.S. GAAP, with a particular interest in technical areas such as:
- Stock-based compensation accounting ASC 718
- Inventory accounting (ASC 330)
- Experience in e-commerce or retail industry is a plus
- Certified Public Accountant (CPA) certification or CPA candidacy strongly preferred
- Proficiency in accounting and business systems, particularly NetSuite and Coupa
- Advanced Excel skills required (e.g., PivotTables, VLOOKUP, SUMIF, IFERROR, etc.)
- In-depth knowledge of U.S. GAAP accounting standards and regulations
- Self-starter with excellent time management, attention to detail, and the ability to thrive in a fast-paced, high-growth environment
- Demonstrated curiosity and drive for continuous process improvement; ability to innovate and simplify complex workflows
- Strong interpersonal and communication skills, with the ability to collaborate across teams and manage projects effectively
What the job involves
- Reporting to the Senior Accounting Manager, you will be responsible for preparing journal entries, developing monthly expense accruals in collaboration with business partners, reviewing contracts, reconciling accounts, and ensuring transactions are accurately reported in our financial systems
- To ensure success in this role, you should demonstrate a sound knowledge of general ledger accounting best practices and have experience in a similar role
- A top-class senior accountant will possess outstanding problem-solving skills, enjoy technical research, and collaborate cross- functionally to develop technical accounting positions
- If you thrive in a fast-paced, high-growth environment and are eager to take on complex challenges, we’d love to hear from you
- Actively participate in the month-end close process, including performing balance sheet reconciliations and documenting drivers of balance sheet and income statement flux analysis
- Prepare monthly journal entries for expense accruals, inventory and COGS, other assets, fixed assets, and equity
- Review executed contracts for accounting treatment, needed expense accruals and spend commitments
- Participate in technical research, contributing to technical memos and policies as necessary
- Collaborate with all parts of Finance and business partners (ie. Operations, Legal, Engineering) to source accruals and ensure accurate financial statements
- Support SOX implementation, ensuring that job duties are performed in accordance with thredUP’s SOX controls
- Proactively identify, develop, and implement process improvements, documenting desktop procedures to achieve efficiencies and scalability
- Drive and collaborate with Fintech and various teams on system implementations, ad hoc projects/reporting and strategic analyses
- Support external audit requirements as required, including assisting with sampling requests and tie out of quarterly reporting
Our take
Over 40% of Gen Z consumers claim to have bought used clothing as opposed to 20% of Gen X and Boomers. Yet, despite this change in fashion trends, consumers must often rely on brick-and-mortar thrift stores and unregulated second-hand eCommerce marketplaces in order to access to find pre-owned clothing.
ThredUp provides an online marketplace for the buying and selling of secondhand fashionwear, offering affordable prices on discount clothing whilst promising a regulated and consistent approach to quality and cleanliness standards. The company acquires its clothing through sellers sending packages of clothing, which the company then sifts through to decide what is sellable and what should be returned.
The company went public in 2021 and immediately acquired Remix, a European second-hand fashion outlet, as part of its international expansion plans. It has however struggled to achieve profitability thanks to global economic turmoil and a glut of new clothing in the fashion industry causing prices to drop sharply. It is focusing on reducing its operating costs and expanding its storage capacity, and is expected by analysts to weather the current conditions in good form.
Freddie
Company Specialist at Welcome to the Jungle
Insights
0% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Aug 2019
$100m
SERIES F
Sep 2015
$81m
SERIES E
Total funding: $232.9m
Company benefits
- Competitive salary (we leverage market data) + stock
- Employee stock purchase plan
- Flexible PTO (take the time you need) + 13 company holidays (US offices)
- Paid Sabbatical after 3 years of full time employment
- Generous paid parental leave for new mothers and fathers
- Medical, dental, vision, 401k, life and disability insurance offered
Company HQ
Old Oakland, Oakland, CA
Leadership
James Reinhart
(CEO)Has an MBA from Harvard Business School and started out in teaching. Also co-founded the Beacon Education Network.
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