About the Role
This role reports directly to the Manager, Accounting and will have responsibility to assist in the delivery of timely and accurate accounting and reporting of general ledger transactions in accordance with GAAP for assigned areas. This position will assist in the timely closing of the monthly, quarterly, and annual closing processes and is expected to identify and implement control and process improvements related to the same.
A Day in the Life
- Monitor inventory transactions weekly, including receipts, adjustments, landed cost adjustments and cost of goods sold.
- Reconcile Inventory on hand at 3 warehouses and 6 centers to the general ledger system, determine inventory in transit and make the necessary adjustments.
- Maintain current cost sheets for inventory on hand.
- Reconcile balance sheet accounts monthly, as assigned. Typical accounts include, but are not limited to, inventory, prepaid assets, and accrued expenses.
- Investigate/resolve reconciling items on a timely basis.
- Perform monthly and quarterly balance sheet and income statement variance analysis in accordance with pre-defined scopes.
- Perform monthly margin analysis and assist FP&A with accounting close margin snapshot for management
- Collaborate with colleagues on the financial planning and analysis (“FPA”) team to conduct monthly meetings with assigned department heads to evaluate actual results against budget/forecast and determine required accruals.
- Prepare and record monthly journal entries and assist in monthly general ledger close process.
- Compile financial data for footnotes to the audited financial statements.
- Ensure accurate coding of transactions in accordance with the company’s chart of accounts / budget including preparation and detailed review of the all-journal activity. Recommend / record reclassification entries and adjustments, as necessary.
- Contribute to maintaining an environment of strong internal controls and proactively identify opportunities to enhance controls or implement efficiencies in compliance with control objectives.
- Ensure documentation of control environment and related environments remains current.
- Assist in preparation of schedules for management, auditors and others as needed.
- Use accounting transaction and reporting systems to generate reports, respond to inquiries, conduct research, and identify and resolve problems in a timely manner.
- Ad-hoc research / analysis as required.
What Sets You Apart
- Intermediate MS Excel background
- Inventory accounting and reconciliation experience
- NetSuite experience preferred
- General ledger and related reconciliation experience
- Intermediate knowledge of accounting principles
- Demonstrated ability to successfully work in a collaborative and dynamic work environment
- Excellent communication and organizational skills; proven ability to manage multiple priorities effectively meeting deadlines.
- Uses resources effectively to generate solutions; takes initiative when resolving problems
- Excellent written and verbal communication skills
- Creative problem solver that thrives in a rapidly growing and evolving organization
- Strong accounting, analytical, & interpretive skills.
- Demonstrated ability to document and maintain business processes in the form of Desktop Procedures
- Ability to work cooperatively and collaboratively with all levels to maximize performance and results.
Education and Experience
- 4-year university degree in Accounting
- Masters’ degree in accounting or CPA license preferred
- Minimum of 3 years of progressive, relevant experience (multi-entity and public company experience a plus)
- Strong understanding of the Inventory process, including landed cost purchasing and reconciliation of multiple warehouses (minimum of 3 years of experience preferred)
- Solid understanding of ERP platforms (NetSuite preferred)
- Minimum of intermediate level Excel skills
- Strong accounting, analytical, & interpretive skills.
- Ability to work cooperatively and collaboratively with all levels to maximize performance and results.
- Analyze inventory sales, cost of goods sold, and gross margins by product category, identifying and explaining key drivers of revenue, COGS, and margin variance.
*This role is not eligible for visa sponsorship*
European Wax Center is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.This job description is a general description of essential job functions. It is not intended to describe all duties someone in this position may perform. All employees of EWC and operating subsidiaries are expected to perform tasks as assigned by supervisory/management personnel, regardless of job title or routine job duties.
