thredUP is transforming resale with technology and a mission to inspire a new generation of consumers to think secondhand first. By making it easy to buy and sell secondhand, thredUP has become one of the world's largest online resale platforms for apparel, shoes and accessories. Sellers love thredUP because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers love shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. With thredUP's Resale-as-a-Service, some of the world's leading brands and retailers are leveraging our platform to deliver customizable, scalable resale experiences to their customers. thredUP has processed over 172 million unique secondhand items from 55,000 brands across 100 categories. By extending the life cycle of clothing, thredUP is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.
At ThredUp, the accounting team is all about working together to solve problems and improve processes. As a Revenue Accountant, you will take an ownership role in ensuring that revenue is properly accounted for under ASC 606. You will help drive monthly and quarterly close activities, perform the validation and reconciliation of revenue and revenue related accounts, analyze data, and prepare reports for auditors and management. You will assist in implementing tools and processes to improve efficiency and timely delivery of revenue and related accounts. You will also have exposure to dynamic executives that have built an industry-leading company and brand in a market segment ready to explode. (See more about this in ThredUp’s 2023 Resale Report)
The ideal candidate will have Big 4 and industry experience. Companies/clients in the e-commerce/retail space is a plus!
In This Role You’ll Get To:
Responsible for monthly revenue close process, including revenue, refunds, and payment processor journal entries and reconciliations.
Participate in operationalizing technical revenue memos into day-to-day revenue journal entries for posting into the general ledger.
Responsible for non-revenue general ledger responsibilities as needed to support overall success in month end close and financial reporting.
Assist in the preparation of quarterly account level fluctuation analyses and refund reserve analyses.
Use querying software (Looker) to extract large volumes of data from our home-grown e-commerce database; analyze and validate/ corroborate data against third-party information.
Work with our fintech team and business partners on system enhancements, automation and other process improvements in the areas of revenue, billing, and payment processing.
Promote and maintain an effective internal control environment
Assist in external audits, including delivery of initial information requests to auditors and pulling sample request documentation.
Participate in ad hoc projects as necessary.
What We’re Looking For:
Bachelor’s degree in Accounting, Economics, or Finance
2- 3 years of experience with a combination of Big 4 Public Accounting (Preferred) and industry
E-commerce and Retail experience is a plus!
CPA certification preferred
Proficiency with Excel is a must (e.g., Pivot table, vlookup, sumif, iferror, etc.)
Understanding of ASC 606 revenue recognition principles and ability to navigate guidance and apply it to business practices for accounting conclusions
Experience with payment processors such as Braintree, American Express, Paypal, etc.
Experience with large data and translation of database reporting to form journal entries, reports and account reconciliations is highly preferred
Proactive self-starter with strong time-management and organizational skills, attention to detail and the ability to work in a dynamic, fast-paced environment
A strong curiosity and a resolute mindset toward continuous process improvement with the ability to innovate and simplify both finance and operational processes
Effective interpersonal skills, including proven ability to listen, comprehend, effectively communicate clearly and concisely to obtain positive results
At ThredUp, your base pay is one part of your total compensation package. This role pays between $120,000 and $134,000, and your actual base pay will depend on your skills, qualifications, experience, and location.
This role is not eligible for visa sponsorship.
What We Offer:
- 4-day work week, with Fridays off
- Hybrid work environment: 3 days in the office and 1 day remote each week
- Competitive salary (we leverage market data)
- Many thredUP employees also have the opportunity to own shares of thredUP stock and are eligible for discretionary restricted stock unit awards
- Employee stock purchase plan
- Flexible PTO (take the time you need) + 13 company holidays
- Paid Sabbatical after 3 years of full time employment
- Generous paid parental leave for new mothers and fathers
- Medical, dental, vision, 401k, life and disability insurance offered
- We live by our Core Values of Transparency, SpeakingUP, Thinking Big, Infinite Learning, Influencing Outcomes & Seeking the Truth
- TIME Magazine’s Most Influential Companies of 2023, WWD’s Most Influential ESG Leaders, TIME Magazine’s Best Inventions 2022, Shoptalk’s ATLIS Awards, Business Insider’s Retail Tech Power Players, Inc.’s Power Partner Awards, Lattice’s People Success Awards, Digiday's WorkLife 50 award
- RaaS - Inc. Magazine, 2022 Power Partner Awards
- Thrift the Look– TIME Magazine, The Best Inventions of 2022
- Winner of Lattice's “People Vision” - recognizing thredUP as a top place to work for our investment in professional development and our innovations in work-life integration
We believe diversity, inclusion and belonging is key for our team
At thredUP, our mission has been built on extending the lives of millions of unique clothing items. Much like our inventory, we are proud to have fostered a workplace that is one-of-a-kind. As a company focused on diversity, inclusion and belonging, 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. Be you.
If you are a candidate with a disability and have a reasonable accommodation request for the job application process, please email firstname.lastname@example.org the specific details of your disability related accommodation request. This email address is reserved for candidates with disabilities only. General application inquiries will not receive a response.