TONYMOLY USA, a leader in the K beauty industry, is seeking a passionate, dynamic, and experienced Staff Accountant to join our Brooklyn-based team. This is a HYBRID role.
The ideal candidate will bring at least 3 years of accounting expertise from the dynamic wholesale or retail industry. A background in cosmetics is a plus, but not a prerequisite. In this role, you’ll be at the heart of our financial operations, managing critical records, crafting insightful monthly financial statements, and ensuring we’re always in compliance!
Key Responsibilities
Responsible for the accounting of the e-commerce channel
Enter
the invoicing of gross sales, discounts, returns, refunds, shipping income, sales tax, credit card fees into SAP from platforms such as Shopify and Ship station.
- Responsible
Amazon (US, Dropship, Canada)
Enter
all orders into SAP that we receive daily. Also post all incoming cash, deductions into SAP that we receive from Amazon Portal.
Financial Reporting
Prepare and analyze monthly, quarterly, and annual financial statements for Ecom and Amazon Customer P&L
General Ledger Management
Maintain and reconcile general ledger accounts, ensuring accuracy and completeness.
Accounts Payable and Receivable
Oversee the processing of invoices, payments, and collections. Ensure timely and accurate recording of transactions and chargebacks.
Budgeting and Forecasting
Assist in the preparation of budgets and financial forecasts. Monitor and report on variances.
Compliance
Ensure compliance with internal controls, policies, and procedures. Stay updated on industry regulations and standards.
Cost Analysis
Conduct cost analysis and provide insights to support business decisions.
Inventory Management
Collaborate with the warehouse team to ensure accurate recording and valuation of inventory.
Financial Analysis
Perform financial analysis to identify trends, variances, and opportunities for improvement.
Ad Hoc Reporting
Prepare ad hoc financial reports as required by management.
Qualifications
Education
Bachelor’s degree in Accounting, Finance, or a related field.
Experience
Minimum of 3 years of accounting experience in a wholesale or retail environment. Must possess a deep understanding of inventory accounting principles, including inventory valuation methods (FIFO, LIFO, average cost), inventory cycle counting, and inventory management systems.
Technical Skills
Proficiency in accounting software (ex: SAP Hanna) and Microsoft Office Suite, particularly Excel.
Knowledge
Strong understanding of accounting principles, financial reporting, and industry-specific regulations.
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