What are the responsibilities and job description for the Accounts Payable & Receivable Specialist position at Million Dollar Baby Co.?
About Million Dollar Baby Co.
Welcome to Million Dollar Baby Co.! We started in 1990 and are proudly family-owned and operated in Los Angeles. Since then, MDB Co. has grown to 7 distinct brands of children"s furnishings ranging in style, aesthetic, and price point, while carrying some of the industry"s most eco-conscious and award-winning designs. Our family of brands include : Babyletto, DaVinci, Nursery Works, Namesake, Monogram by Namesake, and Carter"s by DaVinci. We can be found in mass retailers like Target and Amazon to your local mom-and-pop baby shop to specialty retailers like Pottery Barn Kids and Crate and Barrel. At MDB Co., we credit all our success to our mighty, diverse team of more than 110 smart and fun individuals who make an impact every day! Our team members are our #1 priority and we partner with exceptional suppliers and retailers from around the world who share our values. Lastly, we are proud that we have been awarded Great Place to Work in "21, "22, "23, Built in LA Best of List "22, "23, Fortune Best Places to Work "23. It"s truly an amazing place to work! We welcome you to learn more about our company and our fantastic team.Teddy FongCEO
About the Role : As an Accounts Payable & Receivable Specialist at Million Dollar Baby Co., you will play a pivotal role in managing the company's financial transactions, from processing payments to handling incoming revenue. Your responsibilities will cover a broad range of financial activities, ensuring compliance with GAAP standards, managing both the accounts payable and receivable functions, and providing financial insights to guide business decisions.
What You'll Be Doing :
Accounts Payable Responsibilities :
Manage end-to-end accounts payable processes, including processing vendor invoices, reviewing pending payments, and managing supplier relationships.
Perform account reconciliations, variance analysis, and other regular closing tasks.
Ensure the accuracy and regulatory compliance for tax filings and reporting.
Prepare financial statements and assist with monthly, quarterly, and annual financial reporting for management and external stakeholders.
Prepare and assist with the annual audit process by liaising with external auditors.
Complete General Ledger ownership, maintaining accuracy in all entries and reporting.
Stay current on accounting regulations and legislation, ensuring compliance with GAAP standards.
Accounts Receivable Responsibilities :
Process and post daily incoming payments (Check, ACH, credit card, and Wire).
Apply payments to corresponding invoices, maintaining accurate records of account balances.
Provide collection assistance and resolve past-due discrepancies with customers.
Manage all chargebacks and disputes for resolution, reconciling accounts as necessary.
Send weekly statements to customers and provide AR reports for management review.
Perform daily AR aging reviews and analysis, collaborating with the sales team for account reconciliation.
What You Bring to the Table :
Bachelor's degree in Accounting or Finance required.
2-3 years of experience in an accounting role, preferably in accounts payable, receivable, or both, within wholesale distribution.
Strong knowledge of GAAP standards and financial reporting.
Proficiency in Microsoft Excel and accounting software (Navision, Databricks, Sigma, and Concur experience a plus).
Excellent communication and interpersonal skills.
Sharp analytical thinking and problem-solving skills.
Attention to detail and a high degree of accuracy.
Experience with Shopify and managing large accounts, a plus.
Our Benefits
100% of your health, dental and vision insurance monthly premiums paid by us!
Flexible PTO because we respect the need for work / life harmony
Company matching 401(k)
Vacation reimbursement and health & wellness subsidy programs
Tuition reimbursement
Matching charitable donations to the nonprofit organization of your choice
Company-wide monthly celebrations - lunch is on us!
Dog-friendly workplace, yes! You can bring your best friend to work
Free MDB Co. swag generous employee discount on products
At Million Dollar Baby Co., we're passionate about diversity and welcome applicants from all backgrounds. Our diversity, inclusion and equity committee (DIEC) strives to break barriers for minority communities, help educate the company on pertinent topics, and work to ensure equal opportunities for existing and potential employees. Since its formation in 2020, our committee has focused on multiple areas, some include hiring, community involvement and continuous learning about Diversity, Inclusion and Equity.As an important step in coming together as safely as possible, Million Dollar Baby Co. requires all employees to be fully vaccinated and boosted against COVID-19 as a condition of employment unless a medical or religious exemption is approved. Million Dollar Baby Company is committed to providing reasonable accommodations for qualified individuals with disabilities in our job application and / or recruitment process. If you need assistance or an accommodation due to a disability, you may contact us at TM@mdbmail.com The pay range for this role is : 30 - 35 USD per hour(Pico Rivera (Hybrid), CA)
PI259985825
Salary : $30 - $35
