OVERVIEW:

The Accounting Specialist is responsible for all aspects of the accounting and accounting lifecycle. These functions include establishing and maintaining RED VELVET’s accounting practices, procedures, and internal controls. An effective Accounting Specialist has extensive knowledge of GAAP (Generally Accepted Accounting Principles) and regulations. You are organized, with a great eye for detail. You are also extremely reliable and able to carry out multiple tasks autonomously and collaboratively. You are comfortable with both digital communication and in-person communication.

Additionally, as a member of the operations team, you help keep the entire RED VELVET team feel engaged, motivated, and appreciated.

PERSONAL CHARACTERISTICS:

Great interpersonal skills

Acts with urgency and has a bias towards action; is solution-obsessed

Takes responsibility and ownership for his/her work

Identifies opportunities and potential problems, addressing them effectively and efficiently

Feels accountable and knows how to ask questions and learns from mistakes

Able to make decisions independently, or escalate when necessary

Can ‘connect the dots’ -has the ability to digest large quantities of data into actionable information

Able to communicate in a clear, consistent, honest and transparent manner and objectively represent the account of a situation or issue

Advanced organizational skills - has the ability to work under pressure and perform several tasks concurrently in a deadline driven environment. Takes pride in representing RED VELVET; always conducts oneself with decorum and professionalism

Able to self-start

Can hold his/her own in a challenging situation with composure and respect

Able to successfully work from either in the office or remote and not skip a beat with regards to the responsibilities that fall under their direct supervision

SKILLS REQUIRED:

Can navigate Quickbooks Online (QBO) like an expert

Possess knowledge of US sales tax; able to research tax issues and support departments by responding to tax-related questions and communicating current guidelines.

Familiarity with real estate accounting

Advanced proficiency in Microsoft Excel,Google Sheets, and Slack

KEY RESPONSIBILITIES:

Full-Cycle Accounting

Manage day-to-day accounting and bookkeeping activities including revenue, A/R, and A/P.

Review, process and record all expenses and payments

Manage all aspects of the general ledger including updates, chart of accounts and period closes – knowing that details matter

Handle monthly, quarterly, and year-end close procedures including preparation of recurring journal entries, account reconciliations, and account analysis

Present accurate monthly financials within 15 days of month-end

Manage cash flow planning process and ensure operational funds availability

Monitor bank and credit card accounts

Pay down balances when necessary

Support monthly, quarterly and annual budget and forecast preparat

Lead the oversight + participation in the preparation and timely filing of all local, state, and federal tax returns

Serve as a liaison to external auditors, tax preparers and other professionals

Identify and document key accounting risk exposures and implement the associated controls to mitigate them

Ensure compliance with accounting standards and statutory requirements through the maintenance of well-organized and structured accounts and records

Administrative and Operations Support

Work with the Operations team to ensure proper coverage of reception, package/mail receipt, tracking and disbursement, guest greeting/tracking in an appointment-only office setting (when we are eventually back in the office)

Ideate and execute ways to recognize and appreciate the RED VELVET team

Assist members of the Production and Business Development teams as needed with various ongoing or ad hoc projects – large and small, online and offline – related to RED VELVET’s event productions

Business Leadership & Development

Stay aware and up to date with accounting trends, rules and regulations and communicate to leadership

Drive process improvements through automation, use of existing systems streamlining and standard methodologies towards vision of best in class processes

Manage and improve the internal control structure of the organization and build future internal control structure as the company grow

Actively applies conflict management tools and techniques (e.g., proactively scenario-plans, escalates when there are issues, over-communicates to team, etc.,)

Serve as a champion of a positive employee experience and leverage your internal relationships to proactively reinforce our values and strong culture

Identify opportunities for training and self development to propel you to the next level and invest in your future

Pursue and identify opportunities to help other roles within the company if workload is lighter or other departments need support

ADVANCEMENT TO THE NEXT LEVEL (Sr. Accounting Specialist):

Accomplishments of all key areas of responsibilities listed above for current job description

Proven excellence in current position and demonstrated capability and initiative to continue to grow into role

Analyze regarding the company's financial position with respect to revenue, expenses, profit, cash, budget and forecasting

Meet with the leadership team once/month and make recommendations regarding business and financial impacts of decision paths

Provide strategic perspectives and have the ability to see the larger picture, providing timely insights and analysis to drive outcomes

Develop and measure KPIs for success

Is seen as a leader within the team

Demands excellence, goes above and beyond but still doesn’t take themselves too seriously

Can read a room and pivot accordingly

Identify opportunities to use technology and automation wherever you see inefficiencies to make everyone's lives easier and enhance overall communication between teams.

Establish a deep understanding of the overall business and how our operations enable the realization of company goals

If you made it this far & are still interested, please apply and tell us what makes you ROCK as an Accounting Specialist. No phone calls please. We will respond to candidates who have qualified for the first round of interviews.

DISCLAIMER: This job description is designed to indicate the general nature and level of work performed by associates within this classification. It is not designed to confirm or be interpreted as a comprehensive summary of all duties, responsibilities, and qualifications required of associates assigned to this job.

RED VELVET is an Equal Opportunity Employer.

Flexible work from home options available.