Internship

Corporate Accounting Co-op

Posted on 9/13/2024

Wayfair

Wayfair

10,001+ employees

E-commerce platform for home goods sales

Consumer Software
Consumer Goods

No H1B Sponsorship

Boston, MA, USA

4-day in-office expectation; work in office Monday-Thursday, remote on Friday.

Category
Auditing
Financial Accounting
Financial Analysis
Accounting
Requirements
  • Current Sophomore, Junior, or Senior student pursuing an undergraduate degree in a quantitative discipline (e.g., accounting, finance, economics, business administration) with a 3.0 GPA minimum
  • Must be returning to the course of study following the completion of the Co-op
  • The ability to commit to working 40 hours/week (9am-5pm, Monday-Friday) from January 6 to June 20, 2025 in our Boston office
  • You must be authorized to work in the United States without visa sponsorship by Wayfair now or in the future
  • Strong Excel skills
  • Strong interest in or experience in accounting
  • Detail-oriented
  • Ability to work independently
  • Positive attitude
Responsibilities
  • Preparation of journal entries
  • Preparation of account reconciliations
  • Account fluctuation analysis
  • Assist in preparation of SEC 10Q and 10K Filings
  • Ad-hoc audit and internal audit requests
  • Miscellaneous reporting requests for both Finance stakeholders and business partners
  • Collaborate with other teams within Finance

Wayfair specializes in selling home goods through its online platform, wayfair.com. It offers a wide variety of products, including furniture, lighting, cookware, and appliances, catering to different styles and budgets for customers ranging from homeowners to interior designers. The company operates a marketplace model that connects consumers with over 5,000 brands, allowing it to provide a large selection of items without needing to manage extensive inventory. Revenue is generated through product sales and advertising fees from suppliers promoting their products on the site. Wayfair's extensive product range includes smart kitchen appliances and curated collections, making it a convenient one-stop shop for home-related needs. Its goal is to simplify the shopping experience for customers looking to improve their homes.

Company Stage

IPO

Total Funding

$341.4M

Headquarters

Boston, Massachusetts

Founded

2002

Growth & Insights
Headcount

6 month growth

2%

1 year growth

14%

2 year growth

-3%
Simplify Jobs

Simplify's Take

What believers are saying

  • Wayfair can capitalize on the demand for eco-friendly products by expanding green lines.
  • The rise of AR in e-commerce can enhance Wayfair's online shopping experience.
  • Increased remote work boosts demand for home office furniture, benefiting Wayfair's sales.

What critics are saying

  • COO Thomas Netzer's departure may lead to operational disruptions in 2024.
  • Closing a returns center and layoffs could negatively impact customer satisfaction.
  • Opening brick-and-mortar stores may divert focus from Wayfair's core online business.

What makes Wayfair unique

  • Wayfair offers a vast selection of home goods through a marketplace model.
  • The company provides curated collections, simplifying home improvement decisions for customers.
  • Wayfair's B2B division, Wayfair Professional, offers tailored services for business clients.

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