GL Accountant

LVMH Group; San Francisco (CA); Hybrid; USD 72,000 - 108,000; Full time

Benefits offered by this job

Health plan

401(k) with company match

Dental plan

Vision plan

Paid time off

Life insurance

Disability insurance

Flexible spending accounts

Job summary

Benefit Cosmetics is seeking a General Ledger Accountant to ensure accurate financial statements through diligent accounting, review, and analysis. You will perform monthly close activities, manage journal entries, and provide insights on balance sheet fluctuations to support senior management.

The role requires 3-5 years in accounting, a BA/finance degree, and GAAP knowledge. Hybrid work at Benefit HQ with comprehensive benefits including health and retirement plans.

Qualifications

• 3-5 years of experience in accounting or related field.
• Bachelor’s degree in accounting or finance is required.
• Demonstrate high level of knowledge and understanding of GAAP.
• Experience with accounting software/ERP systems.
• Month end reconciliation and analysis.
• Experience with auditing financial statements and documents.
• Prepare journal entries such as accruals and reclasses for month end/year end close.

Responsibilities

• Perform monthly financial close activities including general ledger maintenance and journal entries.
• Analyze balance sheet fluctuations to identify risks and opportunities for improvements.
• Review monthly P&Ls and perform variance analysis; explain major discrepancies.
• Contribute to departmental and company initiatives to improve processes and financial impact.
• Manage US and CA tax compliance filings and issues with tax teams and advisors.
• Analyze tax data to ensure proper tax is reflected on returns and documentation.
• Support audits and tax return preparation by providing data and analysis.
• Lead ad-hoc projects as needed.

Skills

GAAP knowledge

Month end close

Journal entries

Financial analysis

Auditing

Education

Bachelor's degree in accounting or finance

Tools

Accounting Software/ERP

Job description

The General Ledger Accountant ensures the completeness and accuracy of the financial statements through the management, review, and the analysis of accounting processes. This requires not only technical accounting expertise, but also the regular exercise of independent review and judgement of general ledger accounts.

This individual will be providing thorough reporting and analysis on technical and operational tasks and is to communicate with management on findings.

Job responsibilities

What You’ll Do:

• Perform both technical and operational tasks of the monthly financial close activities. Activities include general ledger maintenance, preparing journal entries and verifying proper general ledger coding for different cost centers to ensure accurate financial reporting.
• Analyze the balance sheet account fluctuations to identify potential areas of risk and opportunities for business operations. Provide insights to improve financial performance.
• Collaborate with the finance team to review monthly P&Ls for assigned cost centers and perform variance analysis of actuals to forecast and budget, investigate, and explain any major discrepancies, and provide insightful actionable recommendations.
• Actively contribute to the department and company initiatives to improve processes and demonstrate an ability to understand / translate its financial impact.
• Manage US and CA statutory tax compliance filings and issues including, but not limited to, Sales and Use tax, SF gross receipts, VAT; working with 3rd party advisors and LVMH, Inc. tax teams, as needed.
• Analyze sales and use tax data from the accounting systems/POS system to ensure the proper tax is collected and reflected on tax returns and supporting documentation.
• Communicate errors or discrepancies noted and assist in mentioned corrective actions.
• Support internal/external audits and tax return preparation by gathering requested data, conducted analysis of data and tax laws and to resolve open issues.
• Independently lead special, ad-hoc projects, as needed.

Profile

Qualifications:

• 3-5 years of experience in accounting or related field
• Bachelor’s degree in accounting or finance
• Demonstrate high level of knowledge and understanding of GAAP.
• Experience with accounting software/ERP systems.
• Month end reconciliation and analysis.
• Knowledge of technical accounting functions and experience in financial record keeping.
• Experience with auditing financial statements and documents.
• Prepare journal entries such as accruals and reclasses for month end/year end close.

Additional information

Schedule:

• Hybrid – Onsite presence required at Benefit HQ 3x per week

The target salary range for this position is $72,000-$108,000 annually. The actual salary offered is based on market location and will depend on a variety of factors, which may include, as applicable, years of relevant experience; certifications or other professional licenses held; other legitimate, non-discriminatory business factors specific to the position; and the geographic location in which the applicant lives and/or from which they will perform the job. This position is eligible to earn an annual bonus. This position is also eligible for the following benefits, including but not limited to: comprehensive health, dental and vision plans; a 401(k) plan with employer matching, various paid time off programs; employee discounts/perks; life insurance; disability insurance; flexible spending accounts.

Benefit Cosmetics was founded in 1976 by twins Jean & Jane Ford in San Francisco in a quest to shake up the status quo and redefine beauty as whatever makes you feel good.
Since then, Benefit has served up innovative, uncomplicated beauty products & services...always with a fun, creative twist. Our iconic product packaging, whimsical names, and the irreverent spirit behind everything we do are an invitation to embrace the joy in beauty.
The relentlessly innovative, never-say-never spirit of our founders is why today, Benefit has reached prestige powerhouse status, operating in 50+ countries with 3,200+ locations worldwide and growing. So, whether you want a beauty solution you can trust or just need a good laugh, Benefit has your brows AND your back.
*Based on estimated total global prestige brow product retail sales January - December 2023

Crafting Dreams Starts With Yours

At LVMH, people make the difference in the art of crafting dreams.Our people fuel our dynamic, entrepreneurial culture. We value collective ambitions, encouraging our talents to push boundaries and champion a curious, audacious state of mind. Our commitment to excellence is reflected in nurturing every individual with a growth mindset and development opportunities, consistently empowering them to reach their full potential. We are actively committed to positive impact through an inclusive environment that supports and gives back to our talented community. Join us at LVMH, where your talent is at the heart of our collective successes.