Accounts Payable Processor
Remote, USA
About Stitch Fix, Inc.
Stitch Fix (NASDAQ: SFIX) is the leading online personal styling service that helps people discover the styles they will love that fit perfectly so they always look –and feel –their best. Few things are more personal than getting dressed, but finding clothing that fits and looks great can be a challenge.
Stitch Fix solves that problem. By pairing expert stylists with best-in-class AI and recommendation algorithms, the company leverages its assortment of exclusive and national brands to meet each client’s individual tastes and needs, making it convenient for clients to express their personal style without having to spend hours in stores or sifting through endless choices online.
Stitch Fix, which was founded in 2011, is headquartered in San Francisco.About the Team
The Stitch Fix Finance team enables our clients to be their best self. We broadly define our clients as customers, business partners, and shareholders. We drive value through business partner support, innovative and insightful analysis, and financial integrity.
We are looking for individuals who are bright, kind, and motivated by challenge and who succeed in a fast-paced environment and thrive in building and improving processes to scale the business to the next level.About the Role
As the Accounts Payable Processor, you will be responsible for all non-inventory and/or inventory AP functions, such as invoice processing, journal entries and reconciliations, and process improvements. You will have the chance to play a hands-on and integral part on the AP team, and serve as a key contributor to a high growth environment.You’re excited about this opportunity because you will…
- Assist with month-end close by performing journal entries, account reconciliations, and flux analyses related inventory and non-inventory accounts.
- Process high volume exceptioned non-inventory and/or inventory invoices using an automated three-way match process, including ensuring proper GL coding and approval.
- Identify, analyze and communicate discrepancies between invoiced style variants billed against PO line items.
- Process Return to Vendor and Vendor Chargeback debit memos.
- Understand the complexity of our Stitch Fix proprietary systems –and how it integrates with our ERP and OCR/IDR system.
- Understand various system holds related to three-way match and how this affects the goods received with no invoice account balance.
- Communicate with Business Partners and our vendors to resolve three-way match discrepancies. Reconcile vendor statements in a timely manner.
- Manage vendor tickets and respond to inquiries within 24-48 hours SLA.
- Adapt to complexities and manual workarounds to the process when deliveries are diverted or transferred to a different warehouse.
- Possess a strong understanding of AP debits and credits;systems logic is a PLUS.
- Partner with IT Systems Architects and/or the Engineering Team to resolve systems issues and to help enhance current processes and procedures.
- Participate in various UATs from enhancements to ad hoc projects.
- Work with AP leadership team to resolve transactions, monitor and resolve aged invoices and support the the team in various day to day activities and tasks.
- Identify opportunities for process improvements and draft simple desktop procedures.We’re excited about you because…
- You have 3+ years of Accounts Payable experience (retail or manufacturing) required;large company experience a PLUS.
- You are an experienced AP professional with a high volume 3-way match experience and are able to maintain excellent supplier relations.
- You have superior attention to detail, are inquisitive, analytical and have strong communication skills.
- You’re also a self-starter, systems savvy and a team player with a desire for career growth in accounts payable or general ledger accounting.
- You look for ways to improve the accounts payable process and its efficiency.
- You are a process-oriented individual who is flexible enough to thrive in a startup setting.
- You love getting ‘hands on’, have a strong work ethic, while also seeing the big picture.
- You have general understanding of AP impact to Accounting and SOX.
- You have the ability to adhere to deadlines in a fast-paced changing environment.Why you’ll love working at Stitch Fix…
- We are a group of bright, kind people who are motivated by challenge. We value integrity, innovation and trust. You’ll bring these characteristics to life in everything you do at Stitch Fix.
- We cultivate a community of diverse perspectives—all voices are heard and valued.
- We are an innovative company and leverage our strengths in fashion and tech to disrupt the future of retail.
- We win as a team, commit to our work, and celebrate grit together because we value strong relationships.
- We boldly create the future while keeping equity and sustainability at the center of all that we do.
- We are the owners of our work and are energized by solving problems through a growth mindset lens. We think broadly and creatively through every situation to create meaningful impact.
- We offer comprehensive compensation packages and inclusive health and wellness benefits.
Compensation and Benefits
Our anticipated compensation reflects the cost of labor across several US geographic markets, and the range below indicates the low end of the lowest-compensated market to the high end of the highest-compensated market. In addition, the position is eligible for medical, dental, vision, and other benefits. Applicants should apply via our internal or external careers site.
Salary Range $32.75 –$34.75 USD