Senior Cost Accountant at Cents

United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Technology, SaaSIndustries

Requirements

Bachelor’s degree in Accounting, or related field preferred
Minimum of 7 years of experience in accounting and bookkeeping
Proficiency in accounting software, specifically Xero, NetSuite, Ramp, Airbase, Avalara, Salesforce, and others
Strong understanding of GAAP

Responsibilities

Collaborate with Operations on inventory management to ensure all inventory is reconciled and accurately reflected on the balance sheet for upcoming audits
Oversee inventory valuation, reconciliation processes, and actively support Operations in resolving discrepancies
Prepare and organize cost and inventory documentation for external auditors, supporting the financial audit process
Partner with Operations, Production, and Supply Chain teams to drive improvements in inventory controls and cost efficiency
Analyze production costs, including materials, labor, and overhead, and compare them to standard or budgeted costs. Investigate and explain variances to management, identifying root causes and recommending solutions
Assist in the month-end close process related to cost of goods sold (COGS) and inventory. This includes preparing and posting journal entries and conducting account reconciliations
Play a critical role in developing the annual budget and cost forecasts. Provide cost projections and help with financial models for new products or special projects
Generate detailed financial reports, including cost analysis, profitability reports, and key performance indicators (KPIs), to inform management decision-making
Identify and implement improvements to existing cost accounting procedures and systems to increase accuracy and efficiency. Ensure compliance with internal controls and company policies
Provide financial insights and recommendations to management

Skills

Key technologies and capabilities for this role

Cost AccountingInventory ReconciliationProduction Cost AnalysisFinancial AnalysisAudit PreparationBudgetingForecastingVariance AnalysisGAAP

Questions & Answers

Common questions about this position

What is the employment type for this Senior Cost Accountant role?

This is a full-time position.

What salary or compensation does this role offer?

This information is not specified in the job description.

What are the key responsibilities of the Senior Cost Accountant?

Key responsibilities include collaborating with Operations on inventory management and reconciliation, overseeing inventory valuation, preparing cost documentation for audits, partnering with teams to improve controls and efficiency, analyzing production costs and variances, and assisting in month-end close.

What is the company culture like at Cents?

Cents has a team of passionate technology experts obsessed with supporting and empowering SMBs, with a unique responsibility to elevate the laundry industry; they are a fast-growing, profitable startup backed by top investors.

What makes a strong candidate for this Senior Cost Accountant position?

A strong candidate is highly skilled, detail-oriented, with experience in cost accounting, inventory reconciliation, production cost analysis, GAAP standards, and the ability to collaborate across Operations, Production, and Supply Chain teams to drive efficiency and support audits.

Cents

Software solutions for laundromat operations

About Cents

Cents provides software solutions specifically designed for laundromat businesses. Its platform helps laundromat owners streamline their operations and manage their businesses more effectively. One of the key features is pickup and delivery management, which allows owners to offer these services without needing their own drivers or insurance, potentially increasing business volume by 20%. The software consolidates all business data onto a single platform, making it easier for owners to oversee and grow their operations. The user-friendly interface is accessible even to those who are not very tech-savvy. Cents distinguishes itself from competitors with its strong customer support and success team, which is dedicated to helping clients achieve their business goals. The company likely operates on a subscription or usage-based fee model, generating revenue while providing valuable tools that help laundromats save money and expand their services.

San Francisco, CaliforniaHeadquarters

2019Year Founded

$43.8MTotal Funding

SERIES_BCompany Stage

Consumer Software, Enterprise SoftwareIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Remote Work Options

Paid Holidays

401(k) Company Match

Work-from-home and commuter benefits

Employee Discounts

Mental Health Support

Risks

Increased competition from platforms like CleanCloud and LaundryCard threatens market share.

Integration of third-party delivery services may lead to increased costs for laundromat owners.

Acquisition of Starchup Inc. may cause integration challenges and service disruptions.

Differentiation

Cents integrates payments, employee management, and machine tracking for laundromats and dry cleaners.

The platform offers pickup and delivery management, increasing business volume by 20%.

Cents provides industry-leading customer support, enhancing client satisfaction and business growth.

Upsides

Cents raised $40M in Series B funding, boosting its growth potential.

Partnerships with Uber, DoorDash, and Gopuff enhance delivery services for laundromat owners.

Integration with Reserve with Google increases visibility and customer acquisition for laundromats.

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