Assistant Manager Accounting
Who we are:
Elevate K-12 is a Series C funded, rapid growth stage start-up focused on solving the crisis-level teacher shortage in US K-12 schools changing the way classrooms work live, virtual instruction that gives students access to high quality, certified teachers who help them prepare for the world of the future! For our teacher community, we open new work opportunities proprietary platform and curriculum, enabling them to deliver live remote instruction across multiple subjects in elementary, middle, and high schools across the US. Our goal is to enable high quality live teaching for every learner in the U.S., from kindergarten through their first jobs, so they can receive the education they need to identify and pursue their unique passions in life. We are the new way to the classroom!
We live the mission of Elevate K-12, and we’re getting better each day, if all of this sounds exciting to you – We want to hear from you!
The Role:
We are seeking a highly skilled and detail-oriented Assistant Manager Accountingto join our accounting department. As an Assistant Manager Accounts, you will play a crucial role in performing month end close activities and managing various financial aspects of the company, including fixed assets, internally developed software, and content curriculum intangible assets. Additionally, you will be responsible for conducting research, preparing memos, and developing accounting procedures in accordance with US Generally Accepted Accounting Principles (GAAP).
What you will do:
Month End Close Activities:
- Execute month end close processes, which includes preparing journal entries relating to venture loan debt, fixed & intangible assets, leases, 401k, payroll, prepaids, interest earned and other accounts. Ensuring the timely reconciliation of the balance sheet and accurate financial reporting.
- Collaborate with cross-functional teams to gather necessary financial data and resolve any discrepancies.
- Manage prepaid expense account amortization schedules
Fixed Assets Management:
- Oversee the fixed asset accounting function, including the recording, tracking, and reconciliation of fixed assets.
- Conduct periodic physical audits to verify the existence and condition of fixed assets.
Intangible Assets Management:
- Manage the accounting for internally developed software and content curriculum intangible assets, including capitalization, amortization, and impairment assessments.
- Work closely with technology and content teams to accurately identify, track, and record relevant costs associated with software development and content creation projects.
- Prepare accounting memos to document the accounting procedures for intangible assets in accordance with US GAAP
- Stay up to date with changes in US GAAP and other relevant accounting regulations, ensuring compliance with accounting standards and best practices.
- Develop and implement accounting procedures and controls to enhance financial accuracy and mitigate risks.
Financial Reporting and Analysis:
- Assist in the preparation of financial statements, including balance sheets, income statements, and cash flow statements.
- Perform analytical reviews of financial data to identify trends, variances, and areas for improvement.
- Support the finance team in budgeting, forecasting, and financial planning activities.
- Provide support during various financial audits.
Qualifications:
- Bachelor's degree in Accounting, Finance, or a related field. CPA designation is good to have.
- 5-7 years of experience in accounting, preferably with a focus on month end close activities and intangible asset management.
- Strong knowledge of US GAAP and experience in researching and applying accounting principles to complex transactions.
- Proficiency in accounting software and ERP systems (e.g., NetSuite (must have), QuickBooks, SAP, Oracle) and advanced proficiency in Microsoft Excel.
- Excellent attention to detail and organizational skills, with the ability to prioritize tasks and meet deadlines.
- Strong analytical and problem-solving abilities, with a track record of developing and implementing accounting procedures.
- Effective communication skills, both written and verbal, to interact with cross-functional teams and present financial information clearly.
- Ability to adapt in a fast-paced, dynamic start-up environment and handle multiple projects simultaneously.
What we offer:
- An amazing team of “Elevaters” with a strong, inclusive, and diverse work culture
- Competitive compensation
- 21 PTO (Paid Time Off), 14 Annual holidays, 7 Sick leaves and 7 Bereavement leaves
- Employee Assistance Program
- Benefits – Mediclaim for Employee + Spouse + 4 Kids (5 Lakh of sum insured). Additionally, employees have the option to enroll in parental mediclaim coverage, which provides an additional ₹5 lakhs of coverage. The premium for this benefit will be shared equally, with 50% covered by the organization and the remaining 50% borne by the employee
- Internet reimbursement
- Hybrid/Work from home setup with flexible working hours
We are an equal employment opportunity employer. Qualified candidates are considered for employment without regard to race, color, religion, gender (including gender identity, gender expression, change of sex, and transgender status), sexual orientation, national origin, ancestry, age, military or veteran status, physical or mental disability, medical condition, pregnancy, marital status, genetic information, or any other characteristic protected by applicable law. If you need assistance or accommodation during the application process because of a disability, it is available upon request.
