Staff Accountant

Company: Beauty Counter
Location: Santa Monica
Posted on: November 17, 2021

Job Description:

Beautycounter is the leader in clean skin care, makeup, and personal care, with a mission to get safer products into the hands of everyone. We go above and beyond clean to set the highest bar in beauty through our safety standards-including ingredient transparency, sustainable packaging, and responsible sourcing. Launched in 2013 as a direct-to-consumer retail beauty brand and Certified B Corporation, we develop and distribute approximately 100 products across our collections in skin care, makeup, men's, and personal care in the U.S. and Canada. Beautycounter and global investment firm The Carlyle Group have announced that Carlyle has acquired a majority stake in Beautycounter. The partnership will allow Beautycounter to accelerate its strategic initiatives, including increasing brand awareness as well as bolstering the company's innovative, integrated, omni-channel business model. The transaction values the company at $1 billion. The Staff Accountant is responsible for overseeing and managing inventory costing, implementing financial controls, monitoring, and investigating transactions, updating general ledgers, gathering, and analyzing data. This position will report to the Director of Inventory while working closely with internal and external partners. In This Role You Will: Accounting and Financial Reporting: * Analyze cost accounting data and ensure accurate inventory costing is being applied * Maintain standard material, labor, and overhead costs * Prepare journal entries and reconcile inventories to balance sheet * Review and adjust inventory reserves in accordance with accounting policies * Analyze gross margin, other cost of sales, inventory trends and turnover ratios * Prepare audit schedules and footnote disclosures * Assist in complying with Sarbanes-Oxley documentation and internal control requirements Inventory Accounting and Control: * Review bill of material structure for qty and unit of measure accuracy * Work with Manufacturing and Fulfillment to plan and conduct physical inventories * Review bill of material structure for quantity and unit of measure accuracy * Manage GR/IR clearing account * Manage GR/IR to ensure 3-way match of purchase orders, material receipts, and invoices * Assist in month-end and year-end closing Reporting and Analysis: * Validate GAAP and non-GAAP P&L results by performing detailed analysis of 'cost of sales and related functional areas * Support Product/Customer margin analysis by reviewing, correcting, and reconciling SAP transactions that drive detailed corporate and business unit P&L reporting. * Reconciliation involves detailed analysis of business activity by P&L account, profit center and profitability segment (e.g., customer/product) * Support the analysis of variance incurred during production and purchasing activities by comparing the basis for standard cost (info records, overhead rates from costing sheets) Business Process: * Ensure timely completion of month-end process for settlement of production orders, receipts, and inventory levels * Perform allocations monthly and ensure the results correctly reflect allocation logic * Support the process of updating standard costs Qualifications: * B.S. degree in Accounting, Information Systems, Economics, or related field preferred * Ability to work independently under minimal supervision * 1-2 years professional staff accounting experience * Ability to research, compile, analyze and interpret data * Intermediate to advanced knowledge of Excel/MS Office * SAP experience At Beautycounter we are committed to creating a diverse environment and are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Keywords: Beauty Counter, Santa Monica , Staff Accountant, Accounting, Auditing , Santa Monica, California