Sr. Manager, Revenue, Global Consolidation and Technical Accounting

Weee!

Weee!

IT, Accounting & Finance
Fremont, CA, USA
Posted on Wednesday, March 13, 2024

About Weee!

Weee! is the largest and fastest-growing ethnic e-grocer in the United States, operating in one of the largest underserved categories in retail with affordable access to exciting ethnic food. By partnering with local suppliers, redesigning the value chain and leveraging social buying, Weee! is reshaping the grocery business entirely. You can read more about us on Business Insider, Reuters and TechCrunch.

Weee! is headquartered in Fremont, CA, and is currently available coast to coast with exceptional growth (5x YoY) across geographies, categories and ethnicities. We have raised $800M+ in funding to date from leading investors including Softbank Vision Funds, DST, Blackstone, Tiger Global, Lightspeed Ventures, Goodwater Capital, XVC and iFly. The opportunity now is to join a rocketship as we prepare for the next stage of growth, and an eventual public listing.

About the Role

We are currently seeking a Senior Manager, Revenue, Global Consolidation, and Technical Accounting. Reporting to Vice President, Corporate Controller, focused on external reporting, global revenue, fulfillment and inventory related expense accounting, and oversight for the global consolidation process across 5+ legal entities. This position plays a leading role for revenue, fulfillment and inventory expenses, and intercompany transactions in the monthly, quarterly, and annual close cycles as well as help ensure the accounting records are maintained in full compliance with US GAAP. This role interfaces with Corporate FP&A, Tax, External Reporting, Intercompany Accounting, Billing, Data Analytics, Technical Accounting, regional accounting teams, internal and external auditors, and individuals at multiple levels and locations.

This role is onsite in Fremont, CA, 5 days onsite required.

Responsibilities:

  • Oversee revenue accounting close activities, including journal entries, balance sheet reconciliations and SOX compliance
  • Oversee and guide cost and inventory accounting close and reporting processes, including monthly journal entries, management reporting packages and account reconciliations
  • Support technical analysis and accurate revenue recognition along with general accounting team
  • Oversee the billings and collections process to ensure quality of billings in support of quality of revenue recognition
  • Own the revenue and intercompany portions of external audits
  • Oversee day to day accounting operations for revenue streams
  • Oversee the monthly financial statement consolidation process, including FX remeasurement, translation, elimination, intercompany transfer pricing, and allocation
  • Review new products offering to determine the revenue accounting and implement respective order-to-cash procedures
  • Initiate, review, and implement process improvements to revenue, fulfillment, inventory, and intercompany/consolidation
  • Identify areas for process improvement and efficiency
  • Support Business and Corporate FP&A teams and other stakeholders in analysis of revenue, fulfillment, and inventory related transactions and variances to budget
  • Champion process improvements and automation initiatives to reduce manual work within revenue accounting and reporting functions, specifically during periodic close cycles
  • Ensure effective design and operation of internal controls over revenue, fulfillment, and inventory expense accounting and reporting and related estimates and support control testing activities conducted as part of Weee!’s internal SOX compliance program
  • Lead external reporting process to provide accurate and reliable information required for external reporting and disclosures as well as deliverables and activities for the external audit
  • Drive execution of accounting policies and technical accounting recommendations as pertains to revenue recognition, credit losses on customer receivables, non-monetary exchange transactions, customer rebates/discounts/returns, inventory reserves, and any related estimates
  • Provide leadership and strategic guidance to support critical projects and programs, including but not limited to: system consolidation and/or upgrades, gross margin and customer/vendor reporting fidelity, product initiatives and integration, management and/or external reporting changes and improvements, and regulatory and tax compliance needs
  • Lead revenue accounting activities related to any acquisition transactions, as required
  • Address technical accounting matters associated with material or non-standard contracts and settlements and review supporting memos with recommended accounting treatment
  • Provide clear and concise technical guidance on new and emerging accounting and reporting issues from regulatory bodies (FASB, AICPA, SEC, etc.) to internal business partners and management where there are implications for Weee! revenue and other accounting
  • Develop and coach accounting team members to ensure appropriate understanding and application of accounting guidance and Weee!-specific policies and practices

Qualifications:

  • Bachelor’s degree in Accounting and active CPA
  • 6+ years of experience working in a combination of public accounting, external reporting, revenue, and global accounting operations
  • Comprehensive and current understanding of U.S. GAAP revenue recognition guidance and thorough understanding of Sarbanes-Oxley requirements
  • Proven ability to interpret and apply accounting guidance and prepare formal, well-supported, memo’s and supporting analyses
  • Strong communication skills, including ability to present technical guidance and analysis in a comprehensive and articulate manner to different levels and departments throughout the organization
  • Process optimization focused - vision with the ability to apply practical solutions and navigate through ambiguity
  • Advanced skills in Excel/spreadsheet modeling
  • Experience with SAP, FloQast, and Workiva considered as a plus

Benefits

  • Comprehensive health insurance package, including medical, dental, and vision. PPO/HMO packages
  • 401k, 4% company match
  • Equity
  • Bonus Plan
  • Vacation, sick and holiday time off
  • Monthly mobile stipend
  • Monthly Weee! Points credits

Compensation Range

  • The US base salary range for this full-time position is $155,000-$175,000
  • This role may be eligible to discretionary bonus, incentives and benefits
  • Our salary ranges are determined by role, level, and location

The range displayed on each job posting reflects the minimum and maximum base salary for new hires for the position across all US locations. Within the range, individual pay is determined by multiple factors like job-related skills, experience and work locations. Your recruiter can share more about the specific salary range during the hiring process.

Please note that the compensation details listed in US role postings reflect the base salary only, and do not include any variable compensation elements.

For more jobs and to find out more about Weee!, visit our career page: https://about.sayweee.com/careers