Full-Time

Accounting Manager

Updated on 12/5/2024

FIGS

FIGS

201-500 employees

Direct-to-consumer healthcare apparel brand

Healthcare
Consumer Goods

Compensation Overview

$110k - $120kAnnually

+ Equity + Annual Bonus

Mid

Santa Monica, CA, USA

Category
Financial Accounting
Financial Planning
Management Accounting
Accounting
Required Skills
NetSuite
Coupa
Data Analysis
Requirements
  • Bachelor’s or master’s degree in accounting.
  • In depth knowledge of US GAAP.
  • Current CPA.
  • Big 4/Public Accounting and SOX 404 experience.
  • 5-8 years’ experience with a combination of public accounting and/or public company industry experience, preferably at a rapidly growing e-commerce company.
  • Familiarity with international accounting processes, working with multiple currencies and international consolidations.
  • IFRS experience preferred.
  • NetSuite and Coupa experience strongly preferred.
  • Able to work with high volume of transactions in a fast-paced environment.
  • Able to maintain a high level of accuracy in preparing and entering financial information.
  • Strong teamwork and business partnering capabilities.
  • Forward looking thinker who can articulate the need for and implement process improvements.
  • Ability to leverage technology for efficient data gathering and analysis.
Responsibilities
  • Manage and oversee the month-end close processes including review and posting of journal entries, account reconciliations and reviewing the work of others.
  • Identify areas of opportunity around the month-end close process and the documentation of areas of responsibility. Lead projects to drive improvements in these areas with a focus on efficiency, the use of financial systems and reporting tools.
  • Consistently manage and execute the on-time completion of all month-end close responsibilities.
  • Collaborate with the Financial Planning and Analysis team to review monthly results and handle ad hoc financial reporting.
  • Maintain ongoing compliance of SOX controls including the preparation and retention of all necessary documentation. Monitor appropriate execution of the control environment, including leading control walkthrough meetings.
  • Assist with the development and implementation of accounting policies, procedures, and internal controls to ensure compliance with GAAP and other applicable regulations.
  • Coordinate with external auditors to provide required documentation and analysis for audits.
  • Support ad-hoc projects and initiatives related to process improvement, management reporting, technology integration, and data analytics.

FIGS specializes in healthcare apparel, particularly scrubs and other clothing designed for medical professionals like doctors and nurses. Their products are made to be comfortable, durable, functional, and stylish, addressing the needs of those in the healthcare field. FIGS operates on a direct-to-consumer model, which means they sell their products directly to customers without using middlemen. This allows them to control their brand and customer experience while offering competitive prices. Unlike many competitors, FIGS focuses specifically on the healthcare sector and has built the largest direct-to-consumer platform in this market, fostering a loyal customer base. The company's goal is to celebrate and empower healthcare professionals by providing them with high-quality apparel that meets their unique demands.

Company Stage

IPO

Total Funding

$70M

Headquarters

Culver City, California

Founded

2013

Growth & Insights
Headcount

6 month growth

5%

1 year growth

12%

2 year growth

28%
Simplify Jobs

Simplify's Take

What believers are saying

  • FIGS' multi-year partnership with the U.S. Olympic & Paralympic Committee positions it as a premium brand in the healthcare apparel market.
  • The opening of its first permanent retail location in Los Angeles signifies growth and increased market presence.
  • Expansion into medical devices through collaboration with Eko Health demonstrates FIGS' commitment to innovation and diversification.

What critics are saying

  • The direct-to-consumer model requires continuous investment in digital marketing and customer acquisition, which can be costly.
  • The healthcare apparel market is becoming increasingly competitive, with new entrants potentially eroding FIGS' market share.

What makes FIGS unique

  • FIGS operates on a direct-to-consumer model, allowing it to maintain control over its brand and customer experience, unlike competitors who rely on intermediaries.
  • The company focuses on technically advanced, stylish, and functional healthcare apparel, setting it apart from traditional, less innovative options in the market.
  • Strategic partnerships, such as with the U.S. Olympic & Paralympic Committee, enhance FIGS' brand visibility and credibility in the healthcare apparel sector.

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