Senior Accountant- GL

About ThredUp

ThredUp is transforming resale with technology and a mission to inspire the world to think secondhand first. By making it easy to buy and sell secondhand, ThredUp has become one of the world's largest online resale platforms for apparel, shoes and accessories. Sellers love ThredUp because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers love shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. With ThredUp’s Resale-as-a-Service, some of the world's leading brands and retailers are leveraging our platform to deliver customizable, scalable resale experiences to their customers. ThredUp has processed over 172 million unique secondhand items from 55,000 brands across 100 categories. By extending the life cycle of clothing, ThredUp is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.

Recognized on TIME Most Influential Companies of 2023,  Digiday's WorkLife 50 2023, TIME's Best Inventions of 2022, and Lattice's People Success Awards 2022.

How You Will Make An Impact 

ThredUp is looking for a highly qualified, technically savvy and detail-oriented Senior GL Accountant to join our team and help support our rapid and sustained growth.  Reporting to the Senior Accounting Manager, you will be responsible for preparing journal entries, developing monthly expense accruals in collaboration with business partners, reviewing contracts, reconciling accounts, and ensuring transactions are accurately reported in our financial systems.

To ensure success in this role, you should demonstrate a sound knowledge of general ledger accounting best practices and have experience in a similar role. A top-class senior accountant will possess outstanding problem-solving skills, enjoy technical research, and collaborate cross- functionally to develop technical accounting positions. If you thrive in a fast-paced, high-growth environment and are eager to take on complex challenges, we’d love to hear from you.

In This Role You’ll Get To:

• Actively participate in the month-end close process, including performing balance sheet reconciliations and documenting drivers of balance sheet and income statement flux analysis 

• Prepare monthly journal entries for expense accruals, inventory and COGS, other assets, fixed assets, and equity

• Review executed contracts for accounting treatment, needed expense accruals and spend commitments

• Participate in technical research, contributing to technical memos and policies as necessary 

• Collaborate with all parts of Finance and business partners (ie. Operations, Legal, Engineering) to source accruals and ensure accurate financial statements

• Support SOX implementation, ensuring that job duties are performed in accordance with thredUP’s SOX controls

• Proactively identify, develop, and implement process improvements, documenting desktop procedures to achieve efficiencies and scalability

• Drive and collaborate with Fintech and various teams on system implementations, ad hoc projects/reporting and strategic analyses

• Support external audit requirements as required, including assisting with sampling requests and tie out of quarterly reporting

What We’re Looking For:

•  Bachelor’s degree in Accounting or Finance required

• 3+ years of relevant experience, with a blend of public accounting and/or general ledger accounting required

•  Strong knowledge of U.S. GAAP, with a particular interest in technical areas such as:

  • Stock-based compensation accounting ASC 718

  • Inventory accounting (ASC 330)

• Experience in e-commerce or retail industry is a plus

• Certified Public Accountant (CPA) certification or CPA candidacy strongly preferred

• Proficiency in accounting and business systems, particularly NetSuite and Coupa

• Advanced Excel skills required (e.g., PivotTables, VLOOKUP, SUMIF, IFERROR, etc.)

• In-depth knowledge of U.S. GAAP accounting standards and regulations

• Self-starter with excellent time management, attention to detail, and the ability to thrive in a fast-paced, high-growth environment

• Demonstrated curiosity and drive for continuous process improvement; ability to innovate and simplify complex workflows

• Strong interpersonal and communication skills, with the ability to collaborate across teams and manage projects effectively  

At ThredUp, your base pay is one part of your total compensation package. This role pays between $125,000 and $150,000, and your actual base pay will depend on your skills, qualifications, experience, and location.
Many ThredUp employees also have the opportunity to own shares of ThredUp stock. ThredUp employees are eligible for discretionary restricted stock unit awards, as well as a discount when purchasing thredUP stock if voluntarily participating in ThredUp’s Employee Stock Purchase Plan. Subject to eligibility requirements, you’ll also receive other benefits: Comprehensive medical & dental coverage, vision, 401k, life and disability insurance.

This role is not eligible for visa sponsorship.

What We Offer:

• 4-day work week, with Fridays off

• Hybrid work environment: 3 days in the office and 1 day remote each week

• Competitive salary (we leverage market data)

• Many ThredUp employees also have the opportunity to own shares of ThredUp stock and are eligible for discretionary restricted stock unit awards

• Employee stock purchase plan

• Flexible PTO (take the time you need) + 13 company holidays

• Paid Sabbatical after 3 years of full time employment

• Generous paid parental leave for new mothers and fathers

• Medical, dental, vision, 401k, life and disability insurance offered

• We live by our Core Values of Transparency, SpeakingUP, Thinking Big, Infinite Learning, Influencing Outcomes & Seeking the Truth

We believe diversity, inclusion and belonging is key for our team

At ThredUp, our mission has been built on extending the lives of millions of unique clothing items. Much like our inventory, we are proud to have fostered a workplace that is one-of-a-kind. As a company focused on diversity, inclusion and belonging, we are committed to ensuring our employees are comfortable bringing their authentic selves to work every day. A unique perspective is critical to solving complex problems and inspiring a new generation to think secondhand first. Be you.

If you are a candidate with a disability and have a reasonable accommodation request for the job application process, please email [email protected] the specific details of your disability related accommodation request. This email address is reserved for candidates with disabilities only. General application inquiries will not receive a response.