Staff Accountant – Groupon Goods

Chicago, IL, US

Job Description / Skills Required

Requisition ID: R13606
At Groupon, Accounting isn’t your typical month-end close type of department. While we’re focused on providing financial information to the business, that’s only the tip of the iceberg. We’re building out financial systems to support every new business line and product, so our Accountants get a granular view and understanding of how a business is built from the ground up. The knowledge to gain is vast, as is the potential of our organization to continue growing.

Groupon is looking for a talented, highly motivated individual to join its accounting team as a Staff Accountant responsible for various financial and operational accounting aspects of the Groupon Goods business, with a specific focus around inventory.

Core Responsibilities

Responsible for month end close processes surrounding Groupon Goods, including:
Reconciliation of Inventory, including:
Quarterly physical inventory procedures
Monthly & quarterly inventory reports received from third party warehouses as well as Groupon owned fulfillment center
Weekly rollforwards of inventory, by location, including receipts, fulfillments, adjustments, etc.
Work closely with Finance on a variety of ongoing projects related to inventory functions/reports/automation
FIFO costing of inventory
Calculating and when necessary, discuss with inventory personnel and upper level management, monthly LCM calculations and related inputs
Examination and booking of entries for Groupon Goods and external sales partners related activity
Work with various project managers, development personnel, and finance personnel in launching a variety of initiatives surrounding the further development of Groupon Goods, including automation and globalization.
Reconciliation of sales tax accruals and payments
Booking of Liquidation Revenue for sale of Goods as well as any other inventory related receivables as they arise
Work closely with various departments within the Company such as the Tax, Finance, Sales, Logistics, and Operations departments to:
Revise/formulate processes surrounding accounting reporting requirements, etc.
Provide input into logistical processes, surrounding improving lead times on shipments and payments, liquidation timing, returned products, etc.
Provide explanations and briefs to the Finance department surrounding explaining month-end financial entries, helping to explain fluctuations in margins, etc.
Coordinate with the Tax department on sales tax payments and other adjustments
Become a fundamental fixture in the Goods channel revolving around inventory, including identifying new operations within the business that require specific accounting treatment
Assist management with Sarbanes-Oxley procedures, tax, and audit requests surrounding Groupon Goods
Respond to a myriad of internal daily questions
Specific projects and other ad hoc assignments as required
Key Competencies

Sound understanding of US GAAP and general ledger / month-end processes.
MS-Office proficiency, specifically intermediate to advanced Excel skills.
Strong communication skills and ability to multi-task in a fast paced environment.
Strong personality is required; this position is not for the meek of heart!

A Bachelor’s degree in accounting.
1-2 years accounting experience; Public Accounting or Manufacturing industry experience a plus

Groupon provides a global marketplace where people can buy just about anything, anywhere, anytime. We’re enabling real-time commerce across an expanding range of categories including local businesses, travel destinations, consumer products, and live or lively events. At the same time, we are providing advertising options and tools that merchants can use to grow and manage their businesses. Culturally, we believe that great people make great companies and that starting with the customer and working backward moves us forward. Community matters to us on an internal, local and global scale—it’s fundamental to our company’s growth and to the well-being of the world at large. We also value self-awareness, candor, lunch and WiFi. If we match with you, please apply to join us.