Accountant

F1 Arcade is on a mission to create the most memorable and competitively thrilling hospitality experiences, globally. F1 Arcade is a partnership with Formula 1 that creates a next-level competitive socializing experience. It brings immersive state-of-the-art F1 racing simulation to a mass audience with outstanding food and beverage. Because the racing SIM's offer team racing, head-to-head, tournament and multiple experience levels, F1 Arcade is well positioned to cater to families, corporate events, social gatherings, and everything in between. Our first US location is set to open in 2024 in the Boston Seaport District and many more are on the horizon throughout the United States.

OPPORTUNITY

One detail oriented and talented accountant will join our home office team with a mission to accurately track revenue streams, maintain the US cashflow and fixed assets and other key accounting functions. We believe that the only way to create sustainable enterprise value is through great people thriving in a great culture. This is a unique opportunity to get experience in multiple areas of the financial reporting process that goes into launching a new concept in the US.

Job Description

The position reports to the Finance Director and is responsible for the timely and accurate delivery of US financial reporting. This role will perform daily revenue collection and accounting functions to ensure the effective and accurate accounting of revenue through various point of sale systems in accordance with applicable polices and laws. This role will also maintain various weekly and month-end reporting schedules. This role will provide KPI data to key members of the team. Responsibilities include performing account reconciliations and month-end close process. This is the second role on the Finance team in the US and an exciting time as we look to open our first venue in Boston.

Job Responsibilities

Must effectively carry out the essential duties and responsibilities of this position in a manner that consistently demonstrates F1 Arcade's mission and core values in a positive manner. Other duties may be assigned.

1. Review, Reconcile and Report revenue accounting functions
2. a) Enhance procedures and processes to ensure accurate and timely reporting of all revenue streams (online and in venue)
3. b) Retrieve, import, and approve daily activity from income generating sources
4. c) Reconcile accounts and perform review to ensure financial accuracy of data
5. d) Post and reconcile revenue to NetSuite daily
6. Other Accounting/Finance responsibilities
7. a) Maintain US Budgets for venue builds along with balance sheet reconciliation
8. b) Oversee AP in bill.com
9. c) Track fixed asset purchases in NetSuite
10. d) Prepare and analyze accruals
11. e) Perform daily and weekly tasks for month-end and year-end close cycle
12. f) Provide support on other projects as needed
13. g) Provide assistance with outside auditors

Desired Skills And Experience

1. 3+ years of relevant work experience in high volume multi-unit hospitality business environment with demonstrated experience/proficiency in both revenue accounting and financial reporting.
2. Exceptional problem-solving skills, with high level of attention to detail.
3. Experience working directly with management in multiple departments.
4. Self-motivated, with the ability to work independently, identify solutions and see projects through to completion.
5. Ability to juggle multiple priorities in a fast-paced, dynamic environment, with a strong bias for action.
6. Excellent quantitative, verbal and written communications skills.
7. Availability to travel and dedicate time needed to ensure success at new venue openings and ongoing support of future locations.
8. Positive attitude and desire to learn new skills in an adaptive environment.
9. Bachelor's degree in Accounting, or Finance, required.

Compensation & Benefits

1. Industry-competitive base salary, depending on experience/qualifications.
2. Comprehensive individual and family medical, dental and vision plans.
3. Paid holidays and 3 weeks of PTO.