Senior Accountant, Inventory and Revenue (Remote Role)

OLAPLEX, Inc. (Nasdaq: OLPX) is an innovative, science-enabled, technology-driven beauty company. We are founded on the principle of delivering effective, patent-protected and proven performance in the categories where we compete. We strive to empower our consumers to look as beautiful on the outside as they feel on the inside. We believe every person deserves to have healthy, beautiful hair, whether they are visiting a salon or caring for their hair at home.

OLAPLEX has been able to achieve phenomenal growth and we continuously seek exceptionally talented individuals who can support our innovation and creativity. Collaboration and flexibility are at the core of our commitment to each other and to the success of OLAPLEX.

About the Role:

Reporting to the Senior Accounting Manager, the Senior Accountant, Inventory & Revenue, will assist in all areas related to the monthly reporting cycle. This position will directly own monthly entries and reconciliations and will be responsible for researching and resolving complex accounting issues as they arise. The ideal candidate will be highly organized, detail-oriented, and capable of managing multiple competing priorities.

Core Responsibilities

Priorities can often change in a fast-paced environment like ours, so this role includes, but is not limited to, the following responsibilities:

• Prepares monthly and quarterly journal entries, including but not limited to the following: inventory, expense accruals, fixed asset activities, allocations, prepaids, payroll-related activities, intercompany transactions, COGS, and other GL-related activities
• Substantiate journal entries with supporting documentation
• Responsible for performing monthly general ledger closing procedures for inventory and COGS, including account analysis and reconciliations and reconciling subledger activities and other areas as needed
• Track and manage inventory payables mailbox and process inventory payables invoices as needed.
• Work with Procurement on pricing & quantity issues related to invoices
• Process ad-hoc inventory adjustments as requested by the business, including year-end physical inventory adjustments
• If needed, attend and observe cycle counts and physical inventories at various locations within the US
• Prepares applicable MTD, QTD, and YTD roll forward reports
• Maintain and update close and post-close checklists
• Maintain up-to-date process documentation and procedures as assigned
• Aid in other accounting processes, such as software/salary capitalization, payment processors, and footnote preparation
• Liaise with various departments for accounting matters, including but not limited to, Information Technology, Operations, Sales, Education and FP&A
• Actively participate in the design, development, and implementation of process improvements that create efficiencies and improve the integrity of the company's financial reporting system
• Play a key role in system implementation testing, design, upgrades, and training, specifically automating a 3-Way match system to reduce inventory AP complexity and processing time
• Prepares monthly balance sheet account reconciliations
• Support the team during internal and external audits to provide supporting documentation
• Ensure compliance with internal controls (with regards to SOX 404 requirements), policies and procedures to facilitate timely and accurate financial reporting
• Assist team with special projects and ad-hoc reporting as requested
• Participate in weekly team meetings to review day-to-day activity, and monthly results and discuss the organization's financial policies and procedures
  
  

About You:

• Bachelor's degree in accounting is required
• 3+ years of experience of accounting experience with an emphasis on inventory accounting; strong preference for retail or manufacturing industry experience
• Thorough understanding of US General Accepted Accounting Principles (GAAP)
• Highly proficient in Microsoft Excel
• Strong analytical and problem-solving skills
• Familiarity within an internal control (SOX) environment is preferred
• Experience with Netsuite ERP or similar software
• Prior experience with Floqast & Audit Board is a plus
• Ability to prioritize and balance multiple tasks simultaneously and manage multiple competing deadlines
• Detail oriented with the ability to meet deadlines with a high degree of accuracy
• Ability to self-manage is critical due to OLAPLEX's remote work environment
• Ability to work well within a team while also being a strong individual contributor
• Ability to prioritize effectively and communicate conflicts to affected parties
• Good written & verbal communication skills
• Occasional travel may be required
  
  

We'd love to have you apply, even if you don't feel you meet every single requirement. What's most important to us is finding authentic and accountable people who feel connected to our mission and values, not just candidates who check off all the boxes. We are looking for someone who will bring all their expertise, learn, and grow with us.

Our Total Rewards:

The annual base pay for this position is $75,000-$95,000 with eligibility for an annual bonus. The actual base pay will vary based on factors such as qualifications, years of relevant experience, skill level, functional expertise, certificates or other professional licenses held and geographic location.

• Competitive compensation
• Work/Life Balance: Flexible paid time off, 11 paid holidays, and flexible work schedules
• Wellness: Company Contribution to Medical, Dental, and Vision Insurance for Employees and their Families, Company Paid Employee Life Insurance, Optional additional Life Insurance, and Short and Long-Term Disability Coverage Options, Dependent Care Flexible Spending Account with Company Reimbursement
• Parental Leave: Up to 18 weeks for all new birthing-parents and up to 10 weeks for all non-birthing new parents
• Financial Well-being: Roth and 401k plans: 100% match up to the first 4% and is immediately vested
• Professional Development Reimbursement Program: Career development is as important to us as we know it is to you!
• Culture: Our team has an "attitude of gratitude" and a shared passion for our brand. Join our culture committee and/or DE&I champion team to play a role in building and sustaining our "secret sauce"
• Products: Twenty (20) free products per year, plus a friends and family discount
  
  

Our Commitment to Diversity, Equity, and Inclusion:

At OLAPLEX, we support and stand up for our community with our talent, content, messages, and product offering. We strive to build and nurture a culture where a focus on diversity, equity, and inclusion is instinctive. Our deep sense of passion and pride in what we do, both as individuals and as a company, unifies our shared commitment to 'do well and do good'. We recognize and celebrate different ideas, perspectives, and backgrounds and know they create a stronger and more creative work environment.

OLAPLEX is proud to be an Equal Opportunity Employer. We do not discriminate based on race, color, ancestry, national origin, religion, or religious creed, mental or physical disability, medical condition, genetic information, sex (including pregnancy, childbirth, and related medical conditions), sexual orientation, gender identity, gender expression, age, marital status, military or veteran status, citizenship, or other characteristics protected by state or federal law or local ordinance.