Full-Time

Sr. Accountant

Posted on 8/29/2024

Betterment

Betterment

501-1,000 employees

E-commerce platform for branded lifestyle products

Consumer Software
Consumer Goods

Compensation Overview

$100k - $120kAnnually

+ Incentive Bonus

Mid, Senior

New York, NY, USA

Hybrid position requiring three days a week in-office.

Category
Financial Accounting
Financial Analysis
Management Accounting
Accounting
Required Skills
NetSuite
Requirements
  • Bachelor’s degree in Accounting, Finance, or a related field. CPA or CMA certification preferred
  • 3-5 years of experience in accounting or finance, with a strong background in both private and public industry sectors, including audit, financial reporting, and variance analysis
  • Strong understanding of financial statements and US GAAP
  • Demonstrated expertise in financial reporting, with a high level of accuracy and keen attention to detail in variance analysis and financial data interpretation
  • Excellent verbal and written communication skills, with the ability to convey complex financial information to non-financial stakeholders
  • Willingness to take on new challenges, responsibilities, and assignments
  • Desire to work within a diverse, collaborative, and driven professional environment
  • Proficiency in Excel
  • Experience with Netsuite preferred
Responsibilities
  • Assist in the month-end close process, ensuring timely and accurate recording of journal entries, meticulous account reconciliation, and insightful variance analysis to inform strategic decision-making
  • Oversee and optimize the management of fixed assets, prepaid assets, and revenue to ensure compliance, efficiency, and accurate financial reporting
  • Continuously seek and implement innovative process improvements within the accounting function to drive operational efficiency, ensure compliance, and enhance overall financial integrity
  • Assist in the development and implementation of scalable, robust accounting processes that ensure timely and accurate financial reporting, enabling the business to scale effectively
  • Play a key role in our annual external audit process by preparing necessary documentation, responding to auditor inquiries, and implementing audit recommendations
  • Perform additional ad-hoc requests which arise throughout the year

Betterment operates an online retail platform that specializes in selling branded apparel, accessories, and gifts. The company designs and offers a variety of products, including t-shirts, hoodies, onesies, beanies, mugs, and tote bags, all aimed at promoting a positive lifestyle and happiness. Customers can purchase these items directly from Betterment's website, where products are listed at regular and occasional sale prices, making them accessible to a wide audience. Unlike many competitors, Betterment focuses on creating a unique brand identity that resonates with individuals who appreciate lifestyle-oriented merchandise. The company's goal is to attract a diverse clientele and encourage a pursuit of happiness through its products.

Company Stage

Debt Financing

Total Funding

$325.9M

Headquarters

New York City, New York

Founded

2010

Growth & Insights
Headcount

6 month growth

11%

1 year growth

14%

2 year growth

15%
Simplify Jobs

Simplify's Take

What believers are saying

  • Betterment's expansion into ESG portfolios taps into growing sustainable investing demand.
  • The launch of Bitcoin and Ethereum portfolios aligns with the cryptocurrency integration trend.
  • Betterment's mobile-first approach enhances user engagement and satisfaction.

What critics are saying

  • Increased competition from traditional financial institutions may saturate the robo-advisory market.
  • Higher management fees could deter cost-sensitive investors, affecting customer acquisition.
  • Recent layoffs and office closures may signal financial instability or strategic restructuring.

What makes Betterment unique

  • Betterment offers a unique combination of automated investing and personalized financial advice.
  • The company integrates cryptocurrency portfolios, aligning with modern investment trends.
  • Betterment's RetireGuide provides tailored retirement planning through AI and machine learning.

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