Staff Accountant Corporate Office / Hybrid at Magnolia Bakery

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

05 Jun, 26

Salary

81000.0

Posted On

07 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

NetSuite, General Ledger Maintenance, Bank Reconciliations, Journal Entries, Month-End Close, Year-End Close, Audit Support, Process Improvement, Microsoft Excel, US GAAP, Financial Record Keeping, Expense Reporting, Fixed Assets Accounting, Accrual Calculation

Industry

Retail

Description

Magnolia Bakery opened our first location on a quiet street corner in the heart of New York City’s West Village in 1996. From then to now, Magnolia Bakery has grown to become a globally famous, locally loved retail bakery and desserts brand. With locations in New York City, LA and Chicago, a nationwide e-commerce and wholesale business, international locations in the Middle East and Southeast Asia, and an emerging Grocery business in the US, Magnolia Bakery's whimsical spin on classic, American desserts is now in every neighborhood. Position: Staff Accountant Location: Corporate Office / Hybrid Reports to: Accounting Manager Pay Range: $64,800-$81,000 Role Overview As our Staff Accountant, you will be the backbone of our financial integrity. You’ll support the monthly close process, maintain meticulous financial records, and ensure our expenses—from flour deliveries to storefront rent—are recorded with precision. This role is perfect for a NetSuite-savvy professional who enjoys the "recipe" of a well-balanced sheet and thrives in a fast-paced, multi-entity environment. Key Responsibilities * Cash & Bank Management: Perform daily bank matching and monthly reconciliations within NetSuite to ensure 100% accuracy of cash balances. * Expense Oversight: Collect, review, and record employee expense reports, including corporate credit card management and petty cash oversight. * General Ledger Maintenance: Maintain and update supporting schedules for balance sheet accounts; perform timely reconciliations to ensure audit readiness. * Journal Entries & Schedules: Book journal entries and reconcile specific accounts including Prepaid Expenses, Insurance, Rent, Fixed Assets, Accumulated Depreciation, and Security/Advance Deposits. * Operating Accruals: Calculate and record monthly Opex, SG&A and occupancy accruals * Month-End & Year-End Close: Actively participate in the closing cycle, ensuring all deadlines are met and documentation is stored according to internal standards. * Audit & Compliance: Support internal and external audit requests by preparing schedules and providing necessary supporting documentation. * Process Improvement: Identify "bottlenecks" in our accounting workflows and suggest enhancements to procedures and internal controls. Qualifications & Ingredients for Success * Education: Bachelor’s degree in accounting required. * Experience: 2–4 years of accounting experience, ideally within a corporate, retail, or multi-entity environment. * Technical Proficiency: Direct experience with NetSuite or a similar ERP system is highly preferred. * Advanced Microsoft Excel skills (must be fluent in Pivot Tables, X-Lookup, V-Lookup, and SUMIF functions). * Knowledge: Strong foundational understanding of U.S. GAAP and general ledger accounting. * Soft Skills: High attention to detail, strong organizational habits, and the ability to communicate financial data clearly to both accounting and non-accounting team members. Company Benefits * Medical, Dental, Vison * 401k plan * Vacation & Sick Time * Employee discount *Magnolia Bakery is an Equal Opportunity Employer and participates in E-Verify.

Responsibilities

The Staff Accountant will support the monthly close process, maintain financial records, and ensure precise recording of all expenses, including daily bank matching and monthly reconciliations within NetSuite. Key duties involve booking journal entries, maintaining balance sheet schedules, calculating operating accruals, and actively participating in month-end and year-end closing cycles.