Senior Accountant, Babylist
$79.7-119.5k
+ Equity + Bonus
Excel
Mid and Senior level
Remote in US
Online universal baby registry
Open for applications
Online universal baby registry
501-1000 employees
B2CMarketplaceConsumer GoodseCommerce
Open for applications
$79.7-119.5k
+ Equity + Bonus
Excel
Mid and Senior level
Remote in US
501-1000 employees
B2CMarketplaceConsumer GoodseCommerce
Company mission
To help expecting parents get exactly what they need for the arrival of their new baby.
Role
Who you are
- A bachelor's degree in accounting, finance, or a related field is required
- You should have a minimum of 3-5 years of experience in inventory accounting. Experience in a manufacturing or retail environment is preferred. Costing accounting experience is desired.You also have experience with general accounting and ERP systems in a month-end-close environment
- Proficiency in inventory accounting principles and methods is vital. You should be well-versed in using inventory management software and have strong Excel skills
- Strong analytical skills, with the ability to interpret data, conduct variance analysis, and make data-driven decisions
- Precision and a keen eye for detail are necessary to maintain accurate financial records
- Excellent verbal and written communication skills to collaborate with cross-functional teams and present financial data effectively
- A proactive problem-solving attitude to address discrepancies and improve processes
- Familiarity with accounting standards and regulatory compliance related to inventory accounting
- The ability to adapt to changing business needs and a dynamic work environment
What the job involves
- As a Senior Accountant, you will play a crucial role in analyzing and recording transactions related to inventory, fulfillment and operations
- You will be responsible for overseeing the financial aspects of inventory and fulfillment, participating in the month end close process, providing reporting for various departments, and reviewing the balance sheet/P&L and providing commentary
- Oversight of inventory at multiple locations ensuring accurate and timely valuation and completion of transactional activities
- Perform month-end inventory reconciliations to the warehouse management system reports and create necessary journal entries
- Assist in the evaluation and implementation of costing methods that promote efficiency and effectiveness of the costing of inventory and cost of sales, as well as internal control structure, processes and monitoring
- Analyze aging reports and review turnover of inventory/in-process materials for possible impairment and calculate any necessary reserves
- Review and accurate recording of supply chain and warehouse expenses
- Review operational expenses such as freight, material cost, labor, and supplies and ensure proper accounting
- Freight expenses review and recording of accruals. Provide details on freight trends
- Analyze inventory in-transit transactions and investigate delays to ensure timely recording of transactions
- Assist with internal and external inventory audits as they pertain to inventory and fulfillment expenses
- Record/reconcile transactions for Babylist Health
- Provide inventory reporting to cross functional departments
- Balance Sheet and P&L flux analysis for inventory/fulfillment/COGS/Babylist Health accounts
- Responsible for P&L review of specific departments
- Assist in various project and work effectively with cross functional business partners, including Finance, Merchandising & Inventory Management, Supply Chain, FP&A, Accounts Payable, Engineering, Product, IT and other teams
- Financial Stewardship: Your meticulous approach to inventory management will directly impact the company's financial health
- Strategic Decision Support: Your inventory reports and analysis will serve as a critical resource for strategic decision-making
- Compliance and Auditing: Your commitment to maintaining compliant and accurate inventory records will ensure a smooth auditing process
- Cross-Functional Collaboration: Your collaboration with various departments, such as procurement and supply chain, will foster better communication and alignment within the organization
- Risk Mitigation: Your approach to variance analysis and discrepancy resolution will help the company identify and address potential risks in a timely manner
Our take
Since its 2011 launch, Babylist has grown into one of the most highly rated baby registries in the US. The difference it offers is that it allows users to include products from any store in their registries. On top of this, the company’s model also focuses heavily on creating informational content, which allows it to generate ad revenue while building customer loyalty.
Originally scaled with fairly low venture funding, Babylist claims half of new parents in the US now use its services. This, given that the baby products industry is worth close to $90 billion, shows the immense growth of the company as well as speaking to the impact it has made in the space.
Babylist has seen strong funding in the past which fuelled projects such as the launch of virtual showrooms, and facilitated the company's expansion further into the market. The company acquired Expectful, a health and wellness tool, in 2023 with the long-term vision to combine the companies into a larger health and wellness media property, that can help people navigate all parts of parenthood from fertility to diapers.
Steph
Company Specialist
Insights
Led by a woman
Top investors
Company
Funding (1 round)
Nov 2021
$40m
SERIES C
Total funding: $40m
Company benefits
- HAPPIER WEEKENDS – We work to live, not live to work. That means we generally don’t work nights or weekends, and we offer 10 paid holidays throughout the year, in addition to your paid time off.
- PAID TIME OFF THAT WORKS FOR YOU – Life is unpredictable. Use your time off for what you need, whether that’s a vacation, family event or a day to unplug.
- PARENTAL LEAVE – We offer a flexible, 12-week paid parental leave policy.
- FLEXIBLE BENEFITS – Choose from benefits that support your working style, whether that's remote, in the office or something in between.
- HEALTH & WELLNESS – Wellness benefits include 100% paid coverage for medical, vision and dental for full-time employees.
- BABYLIST STORE DISCOUNT – All full-time employees receive a generous Babylist Store discount.
Company values
- We Love Our Users: This is our superpower. We listen to our users relentlessly to earn their trust and find better and better ways to support them as they tackle this thing called parenthood.
- Eye on the Horizon: We are building a lasting business by focusing on the long term for our users. Day-to-day we focus on what's directly in front of us with an eye on what's ahead. We are prepared to go against what is popular or trendy at the moment in order to serve our longer-term goals. We keep one eye on the horizon with the right mix of data, intuition, and user understanding to validate our decisions.
- Always Be Learning: We approach things with a growth mindset as individuals and as a company. We believe high performance comes from curiosity and an eagerness to find ways to improve. We foster an environment where everyone can feel comfortable asking hard questions in order to learn. We are resilient.
- Intentionally Focused: In order to do hard things, we must work on the most important things first. We see the biggest impact when we simplify problems and solutions and pare back any distractions.
- Be Your Own CEO: As a remote company, we must approach our work with ownership and accountability. To have the impact we want to have, we need to excel at management, execution, and communication. We are excited and engaged with the work we do. We understand the broader context of our work and make decisions that support those efforts. We take responsibility and deliver.
Company HQ
Emeryville, CA
Articles
Leadership
Natalie Gordon
(CEO)Former Software Engineer at Amazon. Initially founded Babylist as a side project and has since taken the company to a market leading status.
Diversity & Inclusion at Babylist
- Babylist is committed to anti-racism and inclusivity. It’s their mission to create a supportive and inclusive community for parents of all kinds, and equally important to create a supportive and inclusive environment for Babylist employees.
- We educate employees about and give them the words to challenge microaggressions because language is a powerful indicator of belonging.
- We create a safe place for people to investigate their own blind spots and racism that come from growing up in a racist society.
- We commit to challenging our own biases and those of people around us.
- We construct our company programs and processes to screen and correct for bias and unintended impact on underrepresented groups.
- We use our reach and our resources to support those who are doing anti-racist work that benefits our users and communities.
- We commit to dismantling systemic racism in the ways that it creeps into corporate structures:
- We interview manager candidates for diversity, equity and inclusion aptitude so everyone has a manager who supports their sense of belonging. If the candidate doesn’t pass, they won’t be hired.
- We articulate our anti-racist stance in our onboarding program so it’s clear where we stand.
- We survey the team annually to make sure we understand inclusivity and belongingness at Babylist.
- We measure the efforts of our DEI programs so we know if they’re working and can set objective goals to fix them if they’re not.
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