Opportunities in the Upfront Portfolio


Accounts Payable and Accounts Receivable Specialist



Accounting & Finance
United States · Remote
Posted on Friday, August 4, 2023
About Ritual
Ritual is a personal health brand that is building the future of daily essentials. Our mission is simple: we help turn healthy habits into a Ritual. We started by creating the first visible supply chain of its kind and reinventing the daily multivitamin from the ground up. Now, together with some of the world’s leading scientists, researchers and advisors, we’re developing a new standard of high-quality, traceable daily products across new categories. Hundreds of thousands of customers across generations trust us, and we are growing quickly.
We’ve built a team of over 120 (and counting) curious skeptics, world-class scientists, unconventional artists, expert marketers, and analytical strategists. We’re venture-backed and based in sunny Los Angeles. If you’re looking to challenge the status quo and be challenged to do the best work of your career, join us.
We are looking for an experienced and self-sufficient Accounts Payable and Accounts Receivable Specialist that is passionate about the Ritual brand, has a strong business acumen combined with a solid accounting background and is eager to learn and grow within the accounting team. This role reports directly to the Senior Accounting Manager and will manage the entire accounts payable process and will help the accounting team with completing the monthly close process with an emphasis on accruals. This role will also manage the Wholesale and Partnership areas of the Accounts Receivable Process as well. We are seeking candidates passionate about making an immediate impact in our organization, hard-working, takes ownership, and wants a platform from which to grow.
*This role is REMOTE but must reside on the West Coast

What you'll do:

  • Manage the entire global AP process which includes invoice processing, vendor management, expense reimbursement processing, and payment runs
  • Reviewing invoices for accuracy, completeness, timeliness, and compliance with company policies
  • Creating AP related monthly journal entries and aging reports
  • Develop and maintain AP controls and policies
  • Working cross functionally on inquiries related to invoices, expense reports, payment status, and maintaining company policies related to those areas
  • Managing the annual 1099 filing process
  • Assisting the Senior Accounting Manager with requests during the Annual Financial Statement Audit
  • Assist with tax and other regulatory filings as directed by the Senior Accounting Manager
  • Assisting Senior Accounting Manager to support ad-hoc accounting projects and analysis as needed
  • Manage the wholesale portion of the AR process which includes invoicing various wholesalers, applying payments, recording chargebacks and other deductions, inquiring on overdue invoices, and maintaining AR aging reports.

Who you are:

  • Analytical. You are detail oriented and understand the devil is in the details
  • Cross Functional. You are familiar and comfortable with communicating and working across different departments to obtain complete and accurate information.
  • Problem Solver. You take initiative looking for ways to improve existing procedures
  • Quick Learner. You are quickly able to observe, learn, and can take on new tasks and responsibilities throughout as a lifelong learner
  • Self Sufficient. After training you are able to perform your job with minimal supervision. You are also able to prioritize and manage competing tasks.

What you need:

  • Education: Bachelor's degree in accounting or finance.
  • Experience: 3+ years of accounting experience related to accounts payable and/or receivables
  • Proficient understanding of accounting theory (e.g. GAAP) especially in regards to accrual accounting
  • Proficiency in Excel (formulas like VLOOKUP & SUMIF, pivot tables) and Microsoft Suite
  • Experience with NetSuite or other ERP preferred, but not required
  • Experience with Accounts Payable and Expense Management Systems such as Airbase, Bill.com, Concur, Plate IQ, etc.

Compensation and Benefits:

  • PAY RANGE: $46,000 - $75,000
  • Your base salary is one part of your total compensation package. The salary range represents the entire compensation range for this position. Exact compensation will depend on a number of factors, which may include the successful candidate's skills, level, years of experience, technical expertise, and other qualifications. Not all candidates will be eligible for the upper end of the salary range. This role is also eligible for equity + generous benefits + 401k + unlimited PTO etc - see our list of perks/ benefits below.

Additional Compensation, Benefits and Perks:

  • Medical/Dental/Vision/Life Insurance
  • Healthcare & Dependent Care FSA
  • Equity participation
  • 401k Match - Up to 4%
  • Pet Insurance
  • Free Ritual Forever
  • Unlimited PTO - 10 days minimum to keep you fresh
  • 18 paid holidays
  • Bi-Annual Performance Reviews
  • "Ritual First Fridays" - Entire company takes off the first Friday of each month while we are working remotely
  • 5 months paid maternity/paternity leave and we cover health insurance during any additional time taken under-protected baby bonding time off
  • Flex time for returning to work birth-parents
  • Childcare stipend (monthly expense)
  • New hire set up stipend
  • Maven Clinic, a family planning platform for all Ritual and employees and dependents.
  • Periodic group workouts with trainers on Zoom
  • Annual wellness stipend
Why Ritual?
Since launching in October 2016, Ritual has grown to be a cultural revolution in the health industry. We’re not about pseudoscience, half-truths or health fads. We are simple, effective, and backed by real science. We have some pretty great benefits & perks for full-time employees related to our office environment, however, they have been limited due to the global health situation. See below for our adjusted available perks until we can get back into the office together!
Ritual is an Equal Opportunity Employer. We are committed to bringing together humans from different backgrounds and perspectives, providing employees with a safe and welcoming work environment free of discrimination and harassment. We strive to create a diverse & inclusive environment where everyone can thrive, feel a sense of belonging, and do impactful work together.