General Finance (June - December 2021)
General Finance Co-op
June 28 - December 17, 2021
IMPORTANT APPLICATION INFORMATION: WAYFAIR CO-OP PRIORITY DEADLINE February 29
All candidates who apply on or before February 29, and who advance in our interview process, will receive an offer decision from the team by March 29. After February 29, we will continue the interview process to fill any remaining roles not filled during the Priority Period.
The Finance team consists of detail-oriented, highly organized individuals who oversee the company's financial well-being while supporting operational and general business planning. We solve challenging accounting problems and provide financial analyses to determine key operational decisions within a growing and diversifying organization. We are dedicated to meeting new challenges head on at each milestone in Wayfair's development and can adapt to changes within a dynamic, fast-paced environment.
What You’ll Do:
- Daily cash reporting and reconciliation
- Perform reconciliation of credit card charges and check payments
- Assisting in the centralization of invoice receipt and ACH enrollment
- Assisting with ad hoc audit requests
- Vendor invoice entry
- Issue vendor payments
- Filing records and assisting in any other miscellaneous tasks that may arise
- Review T&E submissions
- Interfacing with both external vendors and internal stakeholders in gathering & creating spend reports
- Work closely with key stakeholders to support in development of effective sourcing strategies for the relevant category in order to ensure quality of services and improve value to Wayfair
- Collaborate with other teams within Finance
- Review and research payroll tickets to solve inquiries by collecting data and analyzing
- Maintains payroll operations by following policies and procedures; reporting needed changes
What You’ll Need:
- Strong Excel skills
- Detail oriented
- Ability to work independently
- Positive attitude
- Familiarity with e-commerce and the internet
Teams available for placement include:
Customer AR: The Wayfair Customer AR Co-op program is an opportunity to gain insight into the process of receiving and recording daily transactions deposited into the company's bank accounts. This position will allow students to gain experience with maintaining billing systems, performing account reconciliations, recording daily journal entries, and conducting Month End Close to lock paid dates. This role will serve as direct support to Senior Managers, Senior Associates and fellow Co-ops/Contractors on the AR Team.
Supplier AR: The Supplier Accounts Receivable team is responsible for all of Wayfair’s suppliers facing business lines, including our logistics network and our media and advertising programs. Wayfair’s suppliers facing business lines generate more than $1 billion in annual revenues from our more than 16,000 Suppliers. Our goal is to provide our stakeholders and suppliers with the best, and fastest, financial services possibles through: 1) visibility into accurate financial information; 2) standardization of financial processes throughout Wayfair; 3) technological process improvements; and 4) holistic decision making, grounded in mutually beneficial revenue generating opportunities
Tax: The Wayfair Tax Co-op program is an opportunity to learn about indirect tax, accounting, and the key functions of a corporate tax team. This position allows students to gain experience with tax compliance & reporting, audit defense, tax accounting practices, and various software applications. The role will directly support Senior Managers and Senior Associates of the tax team.
Treasury: In Treasury some key tasks will include Daily Cash Reporting and Reconciliation, performing reconciliations of credit card charges and check payments, as well as reviewing Travel & Expense submissions.
CG Finance: The CastleGate Finance Co-op program is an opportunity to learn about Wayfair's proprietary logistics network and help drive the growth agenda of this fast growing business. In this group, you will help lead cross-functional projects that help drive the growth and profitability of CastleGate business and overall network. This includes developing go-to-market strategies including pricing and value props, and cost/ benefit analysis.
About Wayfair Inc.
Wayfair is one of the world’s largest online destinations for the home. Whether you work in our global headquarters in Boston or Berlin, or in our warehouses or offices throughout the world, we’re reinventing the way people shop for their homes. Through our commitment to industry-leading technology and creative problem-solving, we are confident that Wayfair will be home to the most rewarding work of your career. If you’re looking for rapid growth, constant learning, and dynamic challenges, then you’ll find that amazing career opportunities are knocking.
No matter who you are, Wayfair is a place you can call home. We’re a community of innovators, risk-takers, and trailblazers who celebrate our differences, and know that our unique perspectives make us stronger, smarter, and well-positioned for success. We value and rely on the collective voices of our employees, customers, community, and suppliers to help guide us as we build a better Wayfair – and world – for all. Every voice, every perspective matters. That’s why we’re proud to be an equal opportunity employer. We do not discriminate on the basis of race, color, ethnicity, ancestry, religion, sex, national origin, sexual orientation, age, citizenship status, marital status, disability, gender identity, gender expression, veteran status, or genetic information.