SEC Compliance Manager

Karat By Lollicup, headquartered in Chino, CA, is the manufacturer of Karat® food disposable goods and TeaZone® beverage products, the distributor of other leading brands’ coffee & tea ingredients, & specializes in custom print and innovative packaging. We have been recognized for our thermoforming plastic capabilities in North America to produce cups and food packaging products that allow us to offer competitive pricing throughout our distribution network (currently 5 regional warehouses are located in CA, SC, WA, TX, & NJ), and services to chain accounts such as Panda Express, Flame Broiler, The Coffee Bean & Tea Leaf, and more.

Corporate Website: www.karatpackaging.com

Management Responsibilities

  • Oversee the accounting and finance department, including supervising and delegating department staff
  • Responsible for monitoring and enforcing Company policies and procedures
  • Act as liaison between accounting & finance and the other departments of the Company
  • Manage outsourced function
  • Responsible for establishing, monitoring, and enforcing internal controls

Transaction & Financial Reporting Responsibilities

  • Review budgets and forecast and making recommendations to executives, calculate and issue financial and operating metrics
  • Analyze financial statements by reviewing budget to actuals, reviewing and investigating variances
  • Responsible for consolidation of financial statements
  • Review reports of key metrics and financial health of the Company to present to executives and board of directors
  • Responsible for ensuring compliance with federal, state, and local legal requirements by studying existing and new legislation; anticipating future legislation; enforcing adherence to requirements; filing financial reports; advising management on needed actions
  • Maintain a system of controls over accounting transactions
  • Issue timely and complete financial statements
  • Coordinate the preparation of the corporate annual report, lead the audit process by reviewing and providing information to external auditors
  • Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations
  • Monitor debt levels and compliance with debt covenants
  • Responsible for the filing of quarterly (10-Q) and annual reports (10-K) with the SEC
  • Review journal entries prepared by accounting team for appropriateness
  • Oversee the Company’s inventory accounting
  • Record and calculate stock-compensation expense for options and stock issuance through the Company’s Stock Option Plan
  • Ability to research and analyze accounting transactions for proper treatment under U.S. GAAP, including researching appropriate literature, perform analysis, write-up of findings, arrive at appropriate conclusion, and preparing support to record the transaction in the general ledger
  • Monitor and lead the quarterly and year-end close process to ensure timely close of the Company’s financial statements
  • Day to day financial management

Desired Qualifications

  • Bachelor’s degree in business, finance and/or accounting
  • 8-10 years of experience, with 3-4 years in a management position overseeing accounting staff and 7-10 years of public accounting experience with a national firm
  • CPA desired
  • Solid understanding of inventory cost accounting, including standard costing
  • Understanding and application of ASC 718, Stock-based compensation, ASC 606 Revenue Recognition, ASC 842 Lease Accounting
  • Experience with consolidating financial statements
  • Experience drafting financial statements with applicable disclosures in accordance with U.S. GAAP
  • Experience with analyzing accounting transactions by researching accounting literature and arriving at appropriate conclusion
  • Experience preparing and reviewing supporting schedules for quarterly and annual filings with the SEC

Job Type: Full-time

Pay: $100,000.00 – $120,000.00 per year DOE

Benefits:

  • 401(k)
  • Dental insurance
  • Health insurance
  • Paid time off
  • Parental leave
  • Vision insurance

Schedule:

  • 8 hour shift
  • Day shift
  • Monday to Friday

Education:

  • Bachelor’s (Preferred)

Experience:

  • Microsoft Powerpoint: 1 year (Preferred)
  • Banking: 7 years (Preferred)

Work Remotely:

  • No

COVID-19 Precaution(s):

  • Personal protective equipment provided or required
  • Plastic shield at work stations
  • Temperature screenings
  • Social distancing guidelines in place
  • Virtual meetings
  • Sanitizing, disinfecting, or cleaning procedures in place