Senior Revenue Accountant

Job Description

About thredUP: thredUP is transforming resale with technology and a mission to inspire a new generation of consumers to think secondhand first. By making it easy to buy and sell secondhand, thredUP has become one of the world’s largest resale platforms for women’s and kids’ apparel, shoes and accessories. Sellers love thredUP because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers love shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. In 2018, we extended our platform with thredUP’s Resale-As-A-Service (RaaS R ), which facilitates modern resale for a number of the world’s leading brands and retailers. thredUP has processed over 125 million unique secondhand items from 35,000 brands across 100 categories. By extending the life cycle of clothing, thredUP is changing the way consumers shop and ushering in a more sustainable future for the fashion industry. About the Role At thredUP, the accounting team is all about working together to solve problems and improve processes. As a Senior Revenue Accountant, you will take an ownership role in ensuring that revenue is properly accounted for under ASC 606. You will help drive monthly and quarterly close activities, perform the validation and reconciliation of revenue and revenue related accounts, analyze data, and prepare reports for auditors and management. You will assist in implementing tools and processes to improve efficiency and timely delivery of revenue and related accounts. You will also have exposure to dynamic executives that have built an industry-leading company and brand in a market segment ready to explode. (See more about this in thredUP’s 2019 Resale Report )

Responsibilities

• Responsible for monthly revenue close process, including core marketplace and RAAS related journal entries and reconciliations.
• Participate in technical review of company contracts and revenue activity to ensure proper revenue recognition in accordance with company policy and applicable accounting standards including ASC 606.
• Responsible for non-revenue general ledger responsibilities as needed to support overall success in month end close and financial reporting.
• Assist in the preparation of quarterly account level fluctuation analyses and SSP (Standalone Selling Price) analysis.
• Use querying software (Looker) to extract large volumes of data from our home-grown e-commerce database; analyze and validate/ corroborate data against third-party information.
• Work with our Fintech team and business partners on system enhancements, automation, and other process improvements in the areas of revenue, billing, and payment processing.
• Promote and maintain an effective internal control environment, helping in the ongoing implementation of Sarbanes Oxley.
• Assist in external audits, including delivery of initial information requests to auditors and pulling sample request documentation.
• Participate in ad hoc projects as necessary.

Requirements

• Bachelor’s degree in Accounting, Economics, or Finance
• 5+ years of experience with a combination of Big 4 Public Accounting (Preferred) and industry
• Understanding of ASC 606 revenue recognition principles and ability to navigate guidance and apply it to business practices for accounting conclusions
• Acute sense of detail for data accuracy and integrity
• Embrace ambiguity and push through challenges for positive outcomes
• Experience with payment processors such as Braintree, American Express, Paypal, etc. is preferred
• Experience with large data and translation of database reporting to form journal entries, reports and account reconciliations is highly preferred
• CPA certification preferred
• Ability to communicate clearly and concisely
• E-commerce and Retail experience is a plus
• Proficiency with Excel is a must (e.g., Pivot table, vlookup, sumif, iferror, etc.)

What We Offer: - 4-day work week with Fridays off - 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 - We live by our Core Values of Transparency, SpeakingUP, Thinking Big, Infinite Learning, Influencing Outcomes & Seeking the Truth - Voted “50 Most Innovative Companies of 2020” - RaaS - Finalist in Fast Company’s World Changing Ideas Awards 2021 - 2021 FORTUNE Change the World Finalist We believe diversity, inclusion and belonging is key for our team. At thredUP, our mission has been built on extending the lives of millions of unique clothing items. Much like our inventory, we are proud to have fostered a workplace that is one-of-a-kind. As a company focused on diversity, inclusion and belonging, we are committed to ensuring our employees are comfortable bringing their authentic selves to work every day. A unique perspective is critical to solving complex problems and inspiring a new generation to think secondhand first. Be you. This position is remote eligible in the following states: AL, AK, AZ, AR, CA, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY Apply for this job