FitLab Accounting Manager

Who Is FitLab:

FitLab is a performance lifestyle company that inspires movement and builds community through the most beloved products, studios, events, and athletes on the planet. As we enter an exciting phase of growth, FitLab’s Finance team is looking for an Account Manager to join the team.

Job Summary:

This position will be responsible for all financial accounting and supervision of transaction processing. The Accounting Manager will be responsible for training, mentoring, and managing staff accountants.

Who you are:

You are financial accounting expert, who sees crunching numbers is part of your daily cardio.

Responsibilities:

• Support Accounts Receivable collection efforts of staff accountants on a weekly basis
• Review AP data entry, respond to inquiries about vendor charges that require further review or communication, manage AP clerk’s daily activities
• Prepare AP payment recommendations to Controller, prepare approved AP payments
• Review payroll time entries, reimbursements, and perform quarterly 941 reconciliations
• Review sales tax returns, sales tax notices, and monitor sales tax nexus for all states through Avalara
• Review weekly cycle count results and consult with warehouse as needed to monitor inventory controls
• Assess landed costs at least monthly and provide insight into gross margin impact of fluctuating shipping costs
• Participate in annual physical inventory count procedures
• Approve inventory adjustments when necessary
• Cooperation with operations and third-party warehouse for inventory and purchasing information requests
• Perform month end close procedures for three entities, including:

o Close AP, AR modules and review bank reconciliation

o Inventory reconciliations

o Intercompany eliminations and reconciliations

o Accrual based month end adjustments to prepaid expenses, accrued expenses, depreciation, etc.

o Review all balance sheet reconciliations and ensure source documentation on file as appropriate

o Income and balance sheet review

o Capitalize assets per GAAP

o Report appropriate addbacks of one-time items in Adjusted EBITDA

• Update financial reports and provide commentary to Controller on trends, including budget vs. actual performance
• Prepare borrowing base reports as needed to bankers
• Provide requested information to tax CPAs or auditors timely
• Review and approve annual 1099 filings
• Cash flow forecasting: Leverage historical information, current sales performance, and recurring and one-time expense expectations to update and analyze short term cash flow report
• Maintain process and procedure documentation for job responsibilities
• Look for ways to cut costs and improve profitability
• Implement automation or updated procedures, in cooperation with Controller, to increase efficiency of accounting department
• Consistency in following segregation of duties and internal control procedures, with attention to protect company assets
• Performing other related duties/projects as assigned

• Foster, support, and value diversity, equality, and inclusion in the workplace
• Bachelor’s degree or higher in accounting, finance, or related discipline required
• Minimum of 5 years of GAAP Accounting in manufacturing/distributing environment
• Experience with landed cost and accounting for logistics expenses
• Problem solving with an analytical mindset
• Minimum of 2 years’ experience in a supervisory role
• Proven experience with process improvement/automation/software implementations
• Integrity and discretion
• Proficient in Microsoft Excel, Google Sheets, and other Microsoft Office Suite software
• Experience with NetSuite a plus
• Experience with related entity accounting a plus
• Interface with other departments, customers, and vendor representatives.
• Growth mindset
• Superb organizational skills with high attention to detail, efficiency, and accuracy.
• Self-starter with the ability to prioritize projects, work within short time frames and meet deadlines
• Excellent interpersonal and communication skills

Physical demands and work environment:

The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Prolonged periods sitting at a desk and working on a computer
• Follow established departmental policies, procedures, and safety protocols

If you are unable to meet any of these physical demands, reasonable accommodations will be made to the best of FitLab’s ability.