Director, Revenue Accounting

thredUP

Oakland, CA, US
  • Job Type: Full-Time
  • Function: Accounting/Finance
  • Post Date: 01/18/2021
  • Website: thredup.com
  • Company Address: 114 Sansome St 5th Floor, San Francisco, CA, 94104

About thredUP

thredUP is the world’s largest fashion resale platform, inspiring a new generation to think secondhand first. The company has spent the past 10 years reinventing resale, building a marketplace and infrastructure now poised to power the $50B resale economy and usher in a more sustainable fashion future. Millions of consumers use thredUP as the easiest way to sell their clothes and shop over 35,000 brands at up to 90% off — online, in stores or via “try-before-you-buy” Goody Boxes.

Job Description

*Please note that our thredUP team is currently working remotely, however, this role will be expected to report to our Oakland location once we are safely able to return to the office.
 
About thredUP
 
In 2009, thredUP set out to make used clothes the new normal and create a more sustainable future for fashion. The company designed a modern resale experience that took the work and risk out of thrift, and converted a generation of secondhand skeptics to fans. Sellers send clothes directly to thredUP by the bagful, and buyers shop quality-checked items from over 35,000 brands at steep discounts. To power this marketplace, thredUP built an infrastructure that has recirculated 100 million unique garments via proprietary technology, data and logistics. thredUP most recently expanded its platform with Resale-as-a-Service (RaaS) to power resale for the world’s leading fashion brands. As a circular fashion pioneer, thredUP is reducing fashion’s impact on the planet and unlocking economic value for consumers and brands alike.
 
About the Role
 
At thredUP, our Accounting team is all about working together to solve problems and
improve processes. As the Director of Revenue Accounting, you will report to the Assistant Controller and work closely with the Operations, Product, FP&A, Technology and Reporting teams on the month-end close process, contract analysis, audits, reporting and more. You will have exposure to dynamic leaders who have built an industry-leading company and brand in a market segment that is ready to explode (read more about our industry in our 2020 Resale Report).
 

Responsibilities:

  • Build and scale thredUP's revenue accounting team, serving as our company resource for ASC606 accounting, compliance and research.
  • Provide guidance on accounting for new revenue lines, contract evaluation and modifications to existing revenue programs, including consignment sales, sales promotions, gift card accounting and loyalty programs.
  • Perform preparation, oversight and/or review of month-end revenue journal entries and reconciliations for various revenue-related accounts.
  • Continue to build out our Sales Audit function, reconciling daily cash receipts against revenue and monitoring chargebacks and credit card fees. In addition, provide monthly returns, chargebacks and payment processor reporting to the business, highlighting the drivers for change vs. prior quarters, budget.
  • Use querying software (Looker) to extract large volumes of data from our proprietary e-commerce database; analyze and validate/corroborate data against third-party information.
  • Gain an in-depth understanding of our dynamic business to incorporate revenue concepts into day-to-day operations.
  • Support and enhance business decisions by working closely with stakeholders in product and marketing, providing feedback on revenue and partnership programs to drive outcomes.
  • Partner with our technology teams to build the ecommerce system of the future for accurate and scalable revenue accounting and reporting.
  • Work with external auditors, prepare audit workpapers and provide audit support as necessary.
  • Promote and maintain an effective internal control environment, helping in the ongoing implementation of Sarbanes Oxley.

Requirements:

  • Bachelor’s degree in Accounting, Economics, or Finance
  • 10+ years of experience with a combination of Big 4 public Accounting and in-house, industry Accounting
  • Expertise in technical revenue accounting, ideally within an ecommerce or retail company
  • CPA certification is a plus!
  • Clear and concise communication skills
  • Ability to thrive in a fast-paced environment and work cross-functionally to effect process improvement
What We Offer:
- The opportunity to make a massive impact & influence outcomes for our business and customers alongside passionate coworkers
- Autonomy. The ability to make, own, and carry out decisions
- Competitive salary, equity and full benefits (health/dental/vision insurance & 401k)
- Flexible PTO
 
At thredUP, our mission has been built on extending the lives of millions of unique clothing items. Much like our inventory, we believe diversity is key. As a diverse and inclusive workplace, 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. Everyone is welcome - be you. We are proud to say thredUP is an equal opportunity employer.
 
*Please note that our thredUP team is currently working remotely, however, this role will be expected to report to our Oakland location once we are safely able to return to the office.

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Disclaimer: Local Candidates Only
This company does NOT accept candidates from outside recruiting firms. Agency contacts are not welcome.