Accounts Payable & Receivable Specialist

Million Dollar Baby Co•Los Angeles, CA

About The Position

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.

Requirements

Bachelor’s degree in Accounting or Finance required.
1-3 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.

Nice To Haves

Experience with Shopify and managing large accounts, a plus.

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.
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.