Accountant II, Prepaid Expenses
- Employer
- Confidential
- Location
- Chennai
- Posted
- Sep 13, 2024
- Closes
- Sep 28, 2024
- Ref
- 4862696724
- Level
- Staff
- Certification
- CMA: Preferred
- Work Mode
- Work from office
- Hours
- Full Time
- Organization Type
- Corporate
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 an experienced and detail-oriented Senior Accountant to join our accounting team. The ideal candidate will be responsible for making and reconciling prepaid entries, managing fixed assets, and handling accounts payable. This role is crucial to ensuring the accuracy and integrity of our financial records.
Key Responsibilities:Prepaid Entries:
Record and reconcile all prepaid expenses.
Monitor the amortization of prepaid expenses and ensure accurate monthly postings.
Maintain detailed schedules of prepaid accounts.
Fixed Assets Management:
Record and manage all fixed asset transactions, including acquisitions, disposals, and transfers.
Conduct monthly reconciliations of the fixed asset sub-ledger to the general ledger.
Ensure proper depreciation of fixed assets and maintain detailed fixed asset registers.
Assist in physical verification of fixed assets and address any discrepancies.
Intercompany Entries:
Prepare and post intercompany journal entries.
Reconcile intercompany accounts and resolve discrepancies.
Ensure compliance with intercompany policies and procedures.
Financial Reporting:
Support month-end and year-end close processes.
Conduct flux analysis on account fluctuations, identifying business drivers behind significant variances.
Compliance and Controls:
Ensure compliance with company policies, accounting standards, and regulatory requirements.
Assist in the implementation and maintenance of internal controls to safeguard assets and ensure accurate financial reporting.
Ensure SOX compliance for their respective areas of responsibility.
Collaboration:
Work closely with other departments to ensure accurate and timely financial information.
Provide support to the team and assist with special projects as needed.
Qualifications:
Bachelor's degree in accounting, Finance, or a related field.
Professional qualification (CA/CMA inter) is preferred.
Minimum of 4-5 years of experience in accounting, with a focus on prepaid entries, fixed assets and intercompany
Experience working for a global company dealing with multiple currency and handling fx entries.
Strong knowledge of accounting principles and practices.
Excellent analytical and problem-solving skills.
Proficiency in accounting software (Netsuite) and MS Office applications.
Strong attention to detail and accuracy.
Excellent 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.
Skills: Ms Office Applications, Analytical, Financial Reporting, Accounting, Problem-solving, Accounting Software
Experience: 4.00-5.00 Years
Job Description:Job Summary:
We are seeking an experienced and detail-oriented Senior Accountant to join our accounting team. The ideal candidate will be responsible for making and reconciling prepaid entries, managing fixed assets, and handling accounts payable. This role is crucial to ensuring the accuracy and integrity of our financial records.
Key Responsibilities:Prepaid Entries:
Record and reconcile all prepaid expenses.
Monitor the amortization of prepaid expenses and ensure accurate monthly postings.
Maintain detailed schedules of prepaid accounts.
Fixed Assets Management:
Record and manage all fixed asset transactions, including acquisitions, disposals, and transfers.
Conduct monthly reconciliations of the fixed asset sub-ledger to the general ledger.
Ensure proper depreciation of fixed assets and maintain detailed fixed asset registers.
Assist in physical verification of fixed assets and address any discrepancies.
Intercompany Entries:
Prepare and post intercompany journal entries.
Reconcile intercompany accounts and resolve discrepancies.
Ensure compliance with intercompany policies and procedures.
Financial Reporting:
Support month-end and year-end close processes.
Conduct flux analysis on account fluctuations, identifying business drivers behind significant variances.
Compliance and Controls:
Ensure compliance with company policies, accounting standards, and regulatory requirements.
Assist in the implementation and maintenance of internal controls to safeguard assets and ensure accurate financial reporting.
Ensure SOX compliance for their respective areas of responsibility.
Collaboration:
Work closely with other departments to ensure accurate and timely financial information.
Provide support to the team and assist with special projects as needed.
Qualifications:
Bachelor's degree in accounting, Finance, or a related field.
Professional qualification (CA/CMA inter) is preferred.
Minimum of 4-5 years of experience in accounting, with a focus on prepaid entries, fixed assets and intercompany
Experience working for a global company dealing with multiple currency and handling fx entries.
Strong knowledge of accounting principles and practices.
Excellent analytical and problem-solving skills.
Proficiency in accounting software (Netsuite) and MS Office applications.
Strong attention to detail and accuracy.
Excellent 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.
Skills: Ms Office Applications, Analytical, Financial Reporting, Accounting, Problem-solving, Accounting Software
Experience: 4.00-5.00 Years