Accounting Manager

Magnolia Bakery opened our first location on a quiet street corner in the heart of New York City’s West Village in 1996. From then to now, Magnolia Bakery has grown to become a globally famous, locally loved retail bakery and desserts brand. With locations in New York City, LA and Chicago, a nationwide e-commerce and wholesale business, international locations in the Middle East and Southeast Asia, and an emerging Grocery business in the US, Magnolia Bakery's whimsical spin on classic, American desserts is now in every neighborhood.

JOB TITLE: Accounting Manager

POSITION SUMMARY: The Accounting Manager oversees the month-end close process. They oversee the accounting department functions with a focus on ensuring the timely and accurate delivery of financial statements and reporting. The Accounting Manager will supervise a team and provide guidance and mentorship.

REPORTS TO: Controller

REPORTS: 2-4

SALARY: $105,000-$115,000/year + 7% bonus eligibility

PRINCIPAL DUTIES:

• Oversee and manage the general accounting functions of the company including, but not limited to general ledger; and corporate, state and local taxes
• Work closely with accounts payable, accounts receivable and cost accounting.
• Help with quarterly and year-end financial audit activities and oversee the company’s internal controls framework
• Oversee the monthly close process, ensuring month end close is timely and accurate including booking and approving journal entries and reviewing GL details for accuracy
• Ensure all balance sheet accounts are reconciled timely as indicated in the SOP
• Manage revenue recognition for the companies, including 3rd party advanced ordering platform revenue and manage the applicable receivables; and reconcile Direct To Consumer (Shopify) transactions
• Work with Cost Accountant to review, analyze, reconcile, and record fiscal period inventory, analyzing impact to COGS
• Present Bakeries P&Ls and balance sheets to the Controller and CFO as part of the close, including period over period analysis
• Work closely with finance team to ensure timely and accurate financial analysis and reports are completed
• Assist with all audits (financial, third party, and other audits)
• Prepare monthly financial statements for internal use
• Complete transactional tasks as assigned, including AMEX transactions, Sales uploads, and other transactions
• Oversee reconciliations of intercompany accounts
• Manage and complete the multi-state sales tax returns for all companies and ensure the company is compliant with the state requirements, including review of 3rd party filings (ie. Avalara)
• File Other state business tax returns
• Process weekly electronic payment
• Assist Controller in reviewing current processes and company policies and recommend improvements, if applicable
• Perform ad hoc assignments when needed
  
  
  

Skills And Experience

• Bachelor’s degree / master’s degree in accounting, Finance, or relevant field
• CPA/CMA certification (or close to completing)
• 4-5 years of experience in full function accounting role
• 6 years industry, public accounting experience
• Experience managing direct reports
• Experience with Payroll compliance
• Strong Excel skills with ability to build reports and models
• F&B Retail, Direct to Consumer and CPG experience
• NetSuite experience is a plus
• Ability to work independently, with a team and cross-functionally in a fast-paced, high-volume environment that emphasizes accuracy and timeliness
• Strong analytical and problem-solving skills
• Technical knowledge of GAAP
• Willingness to jump in and help when needed
• Experience in implementing process and change agent in organization
• Be unafraid to contribute ideas and spark inspiration and action
• Be entrepreneurial in spirit
• Proven ability to be nimble, dynamic, and able to adjust to changing business needs
  
  
  

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

• Requires grasping, writing, standing, sitting, walking, repetitive motions, listening and hearing ability and visual acuity.
• Talking and hearing occur continuously in the process of communicating with guests, coworkers, and management.
• Vision occurs continuously with the most common visual functions being those of near vision and depth perception.
• Requires manual dexterity to use and operate all necessary equipment.
• Position requires standing and walking for a period of 3-5 hours without a rest break.
• Occasional moderate to heavy lifting and carrying, bending, and reaching overhead may be required.
• Requires manual dexterity to use and operate all necessary equipment
  
  
  

Salary Range

$105,000—$115,000 USD

Magnolia Bakery is an Equal Opportunity Employer.

PHYSICAL DEMANDS AND WORK ENVIRONMENT:

• Requires grasping, writing, standing, sitting, walking, repetitive motions, listening and hearing ability and visual acuity.
• Talking and hearing occur continuously in the process of communicating with guests, coworkers, and management.
• Vision occurs continuously with the most common visual functions being those of near vision and depth perception.
• Requires manual dexterity to use and operate all necessary equipment.
• Domestic travel required.