Accounts Payable & Receivable Specialist

Accounts Payable & Receivable Specialist

Million Dollar Baby Co. started in 1990 and is proudly family-owned and operated in Los Angeles. Since then, MDB has grown to 7 distinct brands of children's furnishings ranging in style, aesthetic, and price, while carrying some of the industry's most eco-conscious and award-winning designs. We can be found in retailers like Target and Amazon, and specialty retailers like Pottery Barn Kids and Crate & Barrel. Under the Million Dollar Baby Co. parent company are our family of brands: Babyletto, daVinci, Nursery Works, and Namesake. We're proud to offer the most Greenguard Goldcertified cribs on the market and to use FSC-certified sustainable wood across our brands whenever possible. We've also pioneered Styrofoam-free packaging for several of our best-selling collections an innovation that reduces waste while protecting our products during shipment.At Million Dollar Baby Co., our team members are our #1 priority, and we partner with exceptional partners and retailers around the world who share our core values: Treat Your Team Like Family, Make an Impact, Drive Results, Deliver a "Wow" Customer Experience Every Time, Strive for Continuous Improvement & Learning, Cultivate Quality Conversations. Over the years, our commitment to people, innovation, and a positive workplace culture has earned us five consecutive "Best Place to Work" awards, one of the best workplaces by Built in LA, a 4.6 rating on Glassdoor, and 13 years on the Inc. 5000 Fastest Growing Companies list recognitions that reflect the heart of who we are and the community we're proud to build.

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.

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.
• 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.
• Experience with Shopify and managing large accounts, a plus.

California pay range $30 $35 USD

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 wellness and enrichment subsidy programs
• Tuition reimbursement
• Matching charitable donations to the nonprofit organization of your choice
• 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.

Million Dollar Baby Company is committed to providing reasonable accommodations for qualified individuals with disabilities in our job application and/or recruitment process.

Million Dollar Baby Co