Full-Time

Senior Accountant

Confirmed live in the last 24 hours

OpenStore

OpenStore

51-200 employees

Acquires and manages online businesses for resale

Consulting
Consumer Goods

Senior

Miami, FL, USA

Category
Financial Accounting
Financial Analysis
Management Accounting
Accounting
Required Skills
NetSuite
Supply Chain Management
Inventory Management
Requirements
  • 3+ years of relevant accounting experience; a mix of public and industry experience is a plus.
  • Bachelor of Accounting or similar, CPA Preferred.
  • Experience with Inventory Management and/or Supply Chain Management industry preferred.
  • Organized and able to efficiently prioritize, multi-task, and adapt in a fast-paced, often ambiguous environment; ability to meet deadlines.
  • Strong technical accounting knowledge with an understanding of US GAAP and ability to document accounting conclusions.
  • Ability to work under pressure and perform several tasks concurrently in a deadline driven environment.
  • Excellent critical thinking and problem-solving skills, and superior attention to detail.
  • Excellent verbal and written communication skills with the ability to interact at all levels of the organization.
  • Exceptional analytical skills, including Excel.
  • A proactive, self-directed approach with the ability to multi-task, think creatively, and learn quickly in a fast-paced environment.
  • Able to work independently as well as collaboratively with a team.
  • Familiarity with monthly close procedures including generating journal entries and preparing balance sheet reconciliations and variance analyses.
  • Prior experience with NetSuite, Bill.com, and/or Ramp is a plus.
Responsibilities
  • Own the preparation of month-end close processes in relation to inventory management ensuring accurate and timely reporting.
  • Work cross functionally with various departments to manage expenses and improve processes.
  • Serve as a key player during the monthly close process to ensure accurate and transparent representation of financial results.
  • Analyze monthly/quarterly/annual financial results and prepare variance analyses.
  • Support ad-hoc accounting projects including the creation of new processes and implementation of new systems as the organization continues to evolve and grow.
  • Responsible for monthly financial closing activities, procedures, journal entries and account reconciliations.
  • Assist with the design and test work leading up to the implementation and enhancements of our ERP system (NetSuite) and automation of new brand integrations, close, and accelerated reporting.
  • Provide support to external auditors on the annual financial audit, including preparing schedules and responding to audit inquiries.
  • Help implement internal controls through policies and procedures.
  • Create best practice procedures for accounting activities and recommend process improvements where they already exist.

OpenStore operates in the e-commerce sector by acquiring online businesses, managing them for a year, and selling curated products from exclusive brands. The company guarantees original owners a set monthly income during the management period, providing financial security regardless of the business's performance. This model appeals to online store owners looking to sell their business and those preferring a hands-off approach. OpenStore differentiates itself with a hassle-free acquisition process, often finalizing purchases in as little as two weeks. The goal of OpenStore is to create a seamless transition for business owners while generating revenue through product sales and the resale of acquired businesses.

Company Stage

Late Stage VC

Total Funding

$133.3M

Headquarters

Miami, Florida

Founded

2021

Growth & Insights
Headcount

6 month growth

-12%

1 year growth

-18%

2 year growth

-14%
Simplify Jobs

Simplify's Take

What believers are saying

  • OpenStore's SMS marketing strategies significantly boost customer engagement and sales.
  • Hosting events like OpenStore Live enhances brand visibility and community among entrepreneurs.
  • Expanding office spaces with wellness areas improves employee satisfaction and productivity.

What critics are saying

  • Increased competition from e-commerce aggregators like Thrasio and Perch.
  • Potential overvaluation of acquired businesses could lead to financial strain.
  • Dependence on Shopify's platform poses a risk if terms or fees change.

What makes OpenStore unique

  • OpenStore offers a unique blend of acquisition, management, and resale services.
  • The company guarantees a set monthly income to sellers during the transition period.
  • OpenStore finalizes business purchases in as little as two weeks.

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