GL Accountant

Why Work for Benefit?

As one of beauty's fastest growing and most spirited brands, Benefit has made a name for itself by creating high-quality products that offer solutions with a sense of humor. (No wonder our beauty mantra is "Laughter is the best cosmetic...so grin and wear it!") In addition to laugh-out-loud product names like "Touch Me Then Try to Leave" ...Cream and an eye shadow shade called "My Date's My Brother," Benefit is the beauty queen of creating easy-to-use "fake its & fix its" for a flawless face. With a double dose of creativity and know-how, co-founding twin sisters Jean and Jane Ford have taken Benefit from their first San Francisco boutique to a worldwide phenomenona-laughing all the way.

Benefit's corporate headquarters is a highly charged environment filled with both laughter and hard work - making Benefit a unique place to hang your hat. We offer beauty-full opportunities for growth and development and represent a wide variety of skills and backgrounds. If you're the type of person who puts the word 'no' before the word 'problem,' then we may have a fabulous opportunity for you.

Description

Benefit Cosmetics is currently seeking a GL Accountant based in San Francisco. Reporting to the GL Supervisor, the primary functions of this position are to oversee the day-to-day operational activity related to the Canadian subsidiary general ledger and prepare monthly bank reconciliation, daily processing of invoices, assisting with the timely processing and payment of receivables and other accounting duties described below:

Essential Duties and Responsibilities:

• Maintain accuracy of accounting records
• Own transactional details for significant accounts
• Responsible for proper month-end closing accruals
• Accumulate and prepare journal entries and supporting schedules for monthly closing process
• Perform monthly account reconciliations
• Assist in preparation of internal monthly financial statements
• Work with audit and income tax professionals
• Reconcile bank statements
• Monitor daily operating cash position
• Maintain fixed asset database and reconcile to GL
• Inputting invoices into accounting system after verifying proper authorization & coding
• Processing invoices in a timely manner in accordance with vendor payment terms
• Reviewing ageing of vendor invoices on a monthly basis and resolving any invoice overdue by 60 days
• Prepare requests for vendor payments through US & International funds transfers
• Review wholesale A/R receipts and customer deductions for appropriateness.
• Investigate and resolve unauthorized customer deductions.
• Analyze wholesale customer deductions (demonstration, returns, violations, etc.) and perform quarterly audits by customer of deductions taken.
• Confirm and reconcile intercompany balances each month (to be completed each month by the 2nd business day).
• Reconcile A/R (trade and group) and sales accounts on a monthly basis (to be completed each month by the 4th business day).
• Review A/R (trade and group) aging and contact customers as necessary to ensure timely payment.
• Analyze, calculate and record A/R reserves (e.g. demonstration, bad debt, returns, co-op advertising and other chargebacks), in coordination with the Revenue Supervisor on a monthly basis (to be completed each month by 4th business day).
• Responsible for completeness of monthly manual invoicing; including affiliate and non-trade invoices and credit memos.
• Meet deadlines, accept change, and work unscheduled and short notice overtime
• Other work related tasks as may assigned from time to time

Qualifications:

• Motivated and eager to learn
• Team player is a must
• Detail oriented and organized
• Ability to prioritize and work under pressure
• Strong communication skills, both written and oral
• Excellent data entry skills and strong knowledge of Excel, Word, FAS
• Knowledge of Axapta and/or 1^st tier ERP system preferred

• Accounting degree and a minimum of 3 years accounting experience
• Minimum three years experience reconciling complex bank statements involving multi-store deposits including Visa, Mastercard, American Express
• Must have the ability to adapt well in a fast-paced and continuously growing environment and integrate into an already established accounting team.

Benefit Cosmetics is an Equal Opportunity Employer
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