A Better Future for Surplus

Chief Accounting Officer

Company Overview

 

Every organization has surplus – assets or inventory no longer required. Liquidity Services (NASDAQ: LQDT) works with clients to ensure surplus is intelligently transformed from a burden into a liquid opportunity that fuels the achievement of strategic goals. Our superior service, unmatched scale, and ability to deliver results enable us to forge trusted, long-term relationships with over 10,000 clients, including Fortune 1000 and Global 500 organizations as well as government agencies. With $7 billion in completed transactions, over 3 million registered buyers, and reach into almost 200 countries and territories, we are the proven market leader in delivering smart surplus solutions.

 

Liquidity Services operates in an entrepreneurial, collaborative, and vibrant workplace. We’re looking for team members who enjoy working in a fast-paced, relaxed environment – a place where you'll be challenged and empowered to perform. Our core values – which include integrity, customer focus, relentless improvement, innovation to support leadership, and mutual trust and accountability – drive our individual and corporate success.

 

General Overview

 

The Chief Accounting Officer will partner closely with the CFO and executive team to lead the accounting and financial reporting for all facets of the business and manage the strategic direction of the record to report process, internal controls, SEC reporting activities and accounting operations, as well as having a leadership role in the company’s ERP and ecommerce software transformation projects. The role interacts heavily with LSI’s general counsel, VP of Human Resources, and CIO and their staff, as well as with other key direct reports into the CFO (including senior directors of tax, FP&A and finance).  There are three senior directors of finance that work with our major business units and also oversee business unit accounting.

 

Responsibilities

 

• Proactively lead global record to report process, including accounting operations, technical accounting and consolidated internal and external financial reporting
• Lead and direct the timely and accurate completion of the consolidated financial statements and related reports, to include the month end, quarter end and year end close and consolidation processes
• Responsible for internal control over financial reporting and consistent accounting standards in compliance with laws and regulations (e.g., Generally Accepted Accounting Principles (GAAP), Sarbanes Oxley, FCPA, SEC, etc.)
• Oversee periodic filing with Securities and Exchange Commission (SEC)
• Lead the company’s efforts to assess and implement new accounting standards, including related to revenue recognition and leases, and the development of appropriate policies and procedures
• Responsible for ensuring sufficiency of all accounting and internal control aspects of new systems implementations (ERP and ecommerce), and act as lead finance decision maker on the systems projects 
• Support investor/debt relations function with accurate financial information and corresponding insights on trends, correlation and causation
• Participate in M&A initiatives, including portfolio review, financial due diligence/modeling, acquisition integration and financial evaluation of past mergers
• Work collaboratively across the organization to drive operational improvement of the business 
• Help focus the Company on achieving measurable results while driving profitable growth. This may include streamlining decision-making, eliminating redundancies, removing costs, outsourcing activities, etc.
• Perform monthly reviews of financial results (“CAO Reviews”), including balance sheets and income statements. These reviews are intended to identify any unusual variances and any significant accounting judgments made that may require review or disclosure.
• Review key judgment areas, such as bonus accruals, inventory valuation reserves, asset impairment assessments, revenue recognition timing
• Identify and implement process improvements in key accounting areas including Accounts Payable processing, month-end close and consolidations
• Oversee and act as primary reviewer of the Form 10-Q
• Manage the production of Audit Committee presentations – on results, key accounting issues and other matters
• Act as lead company executive in coordinating with external auditors (EY) and our SOX outsourcer (Grant Thornton)
• Assist with ERP and ecommerce system implementations, as needed (To be led by others.)
• Assist with revenue recognition implementation project, as needed (To be led by others.)
• Assist with special requests and projects from CFO and CEO

• There are approximately 70 finance and accounting staff, most of whom report in to the three senior directors of finance. However, the CAO is ultimately responsible for the proper accounting and reporting of results, and thus sets policy and has final approval on accounting conclusions.

 

Qualifications

 

• 15+ years of increasingly responsible executive level accounting management experience in a public company required, preferably with some experience in public accounting
• 10+ years management experience with demonstrated success implementing process improvements
• Experience in a global, multi-segment public company and within a global shared services environment preferred
• CPA required
• SEC reporting experience required
• Knowledge of the new revenue recognition standard and experience with its implementation (KPMG is currently assisting us with our implementation project)
• Experience with ERP implementations (especially if it is with Oracle Fusion)
• Exposure to the ecommerce or similar technology industry

 

#LI-POST

#HPIND123

#CB