AR & AP Lead

Winc

Los Angeles, CA, US
  • Job Type: Full-Time
  • Function: Accounting/Finance
  • Post Date: 05/27/2021
  • Website: winc.com
  • Company Address: 5340 Alla Road, Los Angeles, CA, 90066

About Winc

Winc, formerly Club W, is the first customized, subscription based site for wine. They are an online community of wine enthusiasts committed to taking the hassle, guesswork and pretentiousness out of enjoying a great bottle of wine at a reasonable price. For far too long buying wine has been a one-way street with experts using overblown wine jargon to tell people what to drink.

Job Description

This is an opportunity to join a fast-growing direct to consumer winery that is revolutionizing the way people discover, buy, and share wine.

As the A/P and A/R Lead, you will be responsible for the day-to-day operations of the accounts receivable and accounts payable process. Accountable for the receipts, organization, and processing of vendor invoices on a timely basis. As well as the monitoring and collection of our accounts receivable. Which includes supporting Accounting with journal entries and accruals focused on close activities.

The Role

    Own the full cycle accounts payable and accounts receivable process
    AR responsibilities will include, but not limited to, cash applications - post cash receipts and payments to appropriate accounts
    Generate invoices and monitor customer account balances and collections
    Ensures that customers who are late paying receive a statement, assist the sales team with customer follow-up, and track late payments and escalate to Management when necessary
    Research and resolve account discrepancies
    Work closely with the sales and operations team in communicating customer status when overdue to prevent future sales for risky accounts
    AP responsibilities will include, but not limited to, remitting payments, scheduling and preparing checks, resolving purchase order, contract, invoice, or payment discrepancies and documentation
    Perform vendor setup and verifying necessary documentation is collected for proper record keeping
    Perform a two way match between purchase orders and invoice details
    Review invoices for appropriateness and route for approval via Bill.com for approval
    Track invoice processing and payment scheduling by preparing the internal cash forecast
    Assist in month end close by reviewing invoice coding and assisting in accruals

 
Exempt/Non-Exempt     Exempt 
Full-Time/Part-Time     Full-Time 
Position Requirements    

What You Bring

    Knowledge of financial and accounting concepts, practices, and procedures in Retail and E-commerce environment.
    3+ years of accounts payable and receivable experience in a startup or high-growth business
    Associates or Bachelor's degree in finance, economics, business, or equivalent
    Superior proficiency with Excel & Google Sheets
    Ownership mentality and propensity to take responsibility for key outcomes
    Strong critical thinking skills. Able to apply knowledge of accounting principles to new systems and situations
    Strong desire to work and learn in a high-growth, startup environment

Preferred

    Strong proficiency with NetSuite or similar ERP system
    Previous experience with working in PO and AP processing

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