What are the responsibilities and job description for the Senior Staff Accountant (Hybrid) position at Magnolia Bakery?
Magnolia Bakery, the world’s most famous 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 been cherished for offering fresh-made classic American baked goods and for our warm inviting atmosphere. With locations in New York City, LA and Chicago, a D2C business shipping nationwide and international locations in the Middle East and Southeast Asia, Magnolia Bakery is beloved across the world.
Role: Senior Staff Accountant (Hybrid)
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 & Treasury Activities: Support daily cash management routines and assist with bank reconciliations, ensuring accurate, timely visibility into cash activity and balances.
- Expense Management: Review and process employee expense submissions and corporate card activity, maintaining proper coding, documentation, and adherence to company policy.
- Balance Sheet Ownership: Take increasing ownership of assigned balance sheet accounts by preparing and maintaining reconciliations, supporting documentation & controls to ensure accuracy and readiness for review.
- Journal Entry Preparation: Prepare and record recurring and non‑recurring journal entries with appropriate support, including areas such as prepaids, insurance, rent, fixed assets, depreciation, and other operational accounts.
- Accruals & Period-End Close: Contribute to the monthly and annual close process by preparing accruals, analyzing account activity, and meeting deadlines with organized, accurate workpapers.
- Audit & Compliance Support: Assist with internal and external audit requests by developing schedules, gathering documentation, and ensuring compliance with established accounting policies and internal controls.
- Process & Controls Improvement: Participate in identifying opportunities to streamline workflows, strengthen internal controls, and enhance operational efficiency across accounting processes.
- Scalable Procedure Development: Collaborate with the Accounting Manager to build and implement repeatable, scalable accounting procedures and documentation standards that support long‑term growth, including expansion into franchise operations.
Qualifications & Ingredients for Success
- Education: Bachelor’s degree in accounting required.
- Experience: 3–5 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
- 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
- Life Insurance
- Vacation & Sick Time
- Employee discount
*Magnolia Bakery is an Equal Opportunity Employer and participates in E-Verify.
Salary : $76,800 - $96,000