Accountant II, Expense Management

Confidence can sometimes hold us back from applying for a job. Here’s a secret: there's no such thing as a "perfect" candidate. Poshmark is looking for exceptional people who want to make a positive impact through their work and help create an organization where everyone can thrive. So whatever background you bring with you, please apply if this role would make you excited to come to work every day.

Job Description:

Job Summary:

We are seeking a highly skilled and experienced Senior Accountant to join our accounting team. The ideal candidate will be responsible for making lease accounting entries, managing accounts payable, handling accruals, and overseeing expense report management. This role requires strong attention to detail, excellent analytical skills, and the ability to work both independently and collaboratively.

Key Responsibilities:

• Lease Accounting Entries:

  • Prepare and post lease accounting entries in compliance with relevant accounting standards.

  • Maintain accurate records of lease agreements and related financial transactions.

  • Reconcile lease accounts and ensure proper classification of lease expenses.

• Accounts Payable:

  • Manage the accounts payable process, including invoice verification, approval, and payment processing.

  • Ensure timely and accurate recording of accounts payable transactions.

  • Reconcile accounts payable sub-ledger to the general ledger.

  • Maintain relationships with vendors and respond to inquiries promptly.

• Accruals:

  • Prepare and post monthly accrual journal entries.

  • Review and analyze accrual accounts to ensure accuracy and completeness.

  • Reconcile accrual accounts on a regular basis.

  • Reach out to relevant parties (i.e., FP&A, vendors, business owners) as needed to obtain accrual estimates or validate accruals.

  • Review aged accruals on a quarterly basis (at a minimum) to ensure accuracy and completeness.

• Expense Report Management:

  • Oversee the expense report submission and approval process.

  • Ensure compliance with company policies and procedures for expense reporting.

  • Review and audit employee expense reports for accuracy and completeness.

• Financial Reporting:

  • Support the month-end and year-end closing processes.

  • Conduct flux analysis on account fluctuations,identifying business drivers behind significant variances.

• Audit and Compliance:

  • Assist with internal and external audits by providing required documentation and explanations.

  • Ensure compliance with accounting policies, procedures, and regulations.

  • Ensure compliance with SOX requirements for their respective areas of responsibility.

• Process Improvement:

  • Identify and implement process improvements to enhance efficiency and accuracy in accounting operations.

  • Stay updated with changes in accounting standards and regulations.

Qualifications:

• Bachelor’s degree in accounting, Finance, or a related field.

• Professional qualification (CA/CMA Inter) is preferred.

• Minimum of 5 years of experience in accounting, with a focus on lease accounting, accounts payable, accruals, and expense report management.

• Experience working for a global company dealing with multiple currencies and handling fx entries.

• Strong understanding of accounting principles and practices.

• Proficiency in accounting software and MS Office applications.

• Excellent analytical and problem-solving skills.

• Strong attention to detail and accuracy.

• Effective communication and interpersonal skills.

• Ability to work independently and as part of a team.

About Us

Poshmark is a leading fashion resale marketplace powered by a vibrant, highly engaged community of buyers and sellers and real-time social experiences. Designed to make online selling fun, more social and easier than ever, Poshmark empowers its sellers to turn their closet into a thriving business and share their style with the world. Since its founding in 2011, Poshmark has grown its community to over 130 million users and generated over $10 billion in GMV, helping sellers realize billions in earnings, delighting buyers with deals and one-of-a-kind items, and building a more sustainable future for fashion. For more information, please visit www.poshmark.com, and for company news, visit newsroom.poshmark.com.

Why Poshmark?

At Poshmark, we’re constantly challenging the status quo and are looking for innovative and passionate people to help shape the future of Poshmark. We’re disrupting the industry by combining social connections with e-commerce through data-driven solutions and the latest technology to optimize our platform. We’re nothing without our amazing team who deliver an unparalleled social shopping experience to the millions of people we connect each day.

We built Poshmark around four core values: 1) focus on people to create empowered communities that drive success; 2) together we grow to support each other to strive for our dreams; 3) lead with love to foster genuine connections built upon a foundation of respect; and 4) embrace your weirdness to accept and empower one another on their own unique journey. We’re invested in our team and community, working together to build an entirely new way to shop. That way, when we win, we all win together. Come help us build the most connected shopping experience ever. We will set you up with comprehensive global and in-country benefits to support you and your family needs.

Poshmark is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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