Manager, Accounting
Peloton
ABOUT THE ROLE
We are currently seeking an Accounting Manager to join and support our Accounting & Finance department. The ideal candidate for this role will possess exceptional business acumen and strong proficiency in using software tools like Excel to enhance process efficiency and effectiveness. A solid understanding of U.S. GAAP and internal controls is required, along with experience collaborating with both internal and external auditors. We are seeking an analytical and data-driven professional who can effectively support cross-functional work streams. Experience working within both SaaS and Retail business models is highly valued.
YOUR DAILY IMPACT AT PELOTON
- Facilitate and manage the month-end close process, ensuring adherence to timelines and providing assistance to staff as required.
- Oversee part of the Accounts Payable process, verifying proper approval of invoices and travel and entertainment expenses, and resolving any outstanding billing issues.
- Assume responsibility for the timely and accurate completion of monthly account reconciliations for critical areas, including payroll, marketing, capital expenditures, leases, bank accounts, and occupancy costs.
- Maintain fixed asset schedules and ensure compliance with internal policies, capitalise assets from Construction in Progress (CIP) and (FAAS), and record depreciation journal entries.
- Prepare and be responsible for monthly payroll journal entries and all payroll-related balance sheet accounts for all entities.
- Review and reconcile marketing expenses in collaboration with the marketing team to manage the monthly marketing spend analysis, including scrutiny of required month-end accruals.
- Prepare and review rent and occupancy reconciliations, including information gathering for key lease data and validation of rent schedules under U.S. GAAP standard ASC 842 and IFRS 16.
- Own the monthly analysis of financial statements and report on variances against plan and prior forecasts.
- Prepare and review Studio Profit and Loss statements, including information gathering and monthly meetings.
- Assist with financial and tax audits and any ad hoc filings.
- Play an integral role in new system rollouts to the International markets.
- Undertake other assigned projects, including participation in special projects, ERP and other system implementations, internal controls, and ad hoc analyses.
- Manage and oversee third-party teams, including training, onboarding, and efficiency management
YOU BRING TO PELOTON
- Bachelor’s or higher degree in Accounting or Finance
- ACCA/CIMA qualified or equivalent
- In-depth knowledge of Accounting theory and application of U.S. GAAP
- 4-6 years post-qualification experience
- Big Four or similar-paced industry experience highly preferred
- Experience with working in a complex ERP system
- Experience in technology, retail and/or e-commerce preferred
- Excellent communication skills; proven ability to communicate effectively with internal and external business partners at various levels in a clear and concise manner
- Proactive self-starter who enjoys a fast-paced environment and an ability to prioritize, multi-task and meet pressing deadlines
- Team player with a strong work ethic
- Demonstrable people management experience
ABOUT PELOTON:
Peloton (NASDAQ: PTON) provides Members with expert instruction, and world class content to create impactful and entertaining workout experiences for anyone, anywhere and at any stage in their fitness journey. At home, outdoors, traveling, or at the gym, Peloton brings together innovative hardware, distinctive software, and exclusive content. Founded in 2012 and headquartered in New York City, Peloton has millions of Members across the US, UK, Canada, Germany, Australia, and Austria. For more information, visit www.onepeloton.com.
Peloton is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws. Equal employment opportunity has been, and will continue to be, a fundamental principle at Peloton, where all team members, applicants, and other covered persons are considered on the basis of their personal capabilities and qualifications without discrimination because of race, color, religion, sex, age, national origin, disability, pregnancy, genetic information, military or veteran status, sexual orientation, gender identity or expression, marital and civil partnership/union status, alienage or citizenship status, creed, genetic predisposition or carrier status, unemployment status, familial status, domestic violence, sexual violence or stalking victim status, caregiver status, or any other protected characteristic as established by applicable law. This policy of equal employment opportunity applies to all practices and procedures relating to recruitment and hiring, compensation, benefits, termination, and all other terms and conditions of employment. If you would like to request any accommodations from application through to interview, please email: [email protected].
At Peloton, we embrace technology, including AI, to enhance productivity and accelerate innovation in the work we do for our members, However, in our hiring process, our priority remains in getting to know you and your unique qualifications. To ensure a fair and equitable process, we do not permit the use of AI tools during any stage of the application and interview process. In considering you as an applicant, we want to understand your skills, experiences, and motivations without mediation through an AI system. We also want to directly assess your communication skills without the use of an AI tool.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance and the San Francisco Fair Chance Ordinance, as applicable to applicants applying for positions in these jurisdictions.
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