Job description

TORQUE3 IS SEEKING A FULL-CHARGE BOOKKEEPER/INVENTORY MANAGER

• Full-time
• Onsite
• Hourly: $23 to $30 per hour
• This position reports to the CFO
• Works Closely with the General Manager (HR and Facilities) and Head of Manufacturing (Inventory and Purchasing)

JOB OVERVIEW

Torque3 is seeking a competent Bookkeeper/Inventory Manager to oversee our books, maintain accurate accounts, handle daily purchases, and categorize, organize, and track the inventory of our small prototyping shop.

The ideal candidate will have a strong bookkeeping background with an emphasis on accrual accounting, and good knowledge of GAAP accounting, accounting systems, and processes – preferably working at a manufacturing, machine shop, or fabrication company. This person will also be willing to take on the challenge of implementing effective inventory management for our small prototyping workshop.

Torque3 is a rapidly expanding MedTech startup that is developing a breakthrough neurorehabilitation solution. We are developing a realistic simulator that combines immersive VR, advanced robotics, and task-orientated therapy. Our integrated system is designed to help stroke and TBI survivors increase their neuroplasticity, and thus, make substantial gains faster. In other words, your work experience at Torque3 will be anything but dull!

DESIRED JOB CANDIDATE VALUES

• Wants to make a difference by being results and delivery focused.
• Shares our vision to improve the lives of stroke survivors and other neurodivergent populations.
• Reliable and trustworthy
• Team Player
• Self-starter / self-managed
• Great attitude
• Resilient and Flexible
• Ambitious and Capable of Growth

CORE RESPONSIBILITIES

• Full Charge Bookkeeping including, Banking, Accounting Records, Reconciliations, and Financial Reporting.
• Must be able to manage the trial balance and make any necessary adjusting journal entries to correct discrepancies, Month-end trial balance reconciliation for approval by the CFO prior to closing the books every month.
• Preparation of Financial Statements includes preparing the balance sheet and income statement at the end of the month.
• Handle the company's banking needs, including reconciling monthly bank statements, and monitoring cash flow.
• Work With the General Ledger
• Prepare Journal entries for accounts such as fixed assets and depreciation.
• At the end of each month, a trial balance is run to verify that general ledger accounts are in balance.
• Production of cash-flow forecasts
• Record and maintain all financial transactions in QuickBooks Online and SOS Inventory (which syncs to QBO)
• Inventory Management, Asset Management, Purchase Orders, and Receiving
• Handle daily purchase requests under $1,000.
• Receive, record, and track daily deliveries and shipments.
• Organize, categorize, and document our existing inventory and assets.
• Inspect and document the levels of equipment, supplies, parts, and raw materials to determine shortages.
• Inventory Management
• Order new supplies, avoiding excessive surplus or inefficiencies

QUALIFICATIONS/DESIRED TRAITS

Mandatory

• Minimum 3+ years of bookkeeping experience using the Accrual Method.
• Highly proficient with QuickBooks Online
• Strong working knowledge of accounting principles, financial statements, and GAP accounting
• Basic Accounting Knowledge - General Ledger, Trial balance, Bank Reconciliations
• Proficient in Excel
• Fixed Asset Register and Depreciation
• Loan repayments and interest
• Management of monthly bookkeeping cycle
• Production of monthly accounts
• GAAP accounting
• Must have experience creating purchase orders and entering invoices.
• Ability to accurately track inventory and create reports (or willing to learn)
• Experience working at a manufacturing/machine or fabrication shop is strongly preferred.
• Outstanding communication and interpersonal abilities
• Experience with Inventory Management software is a plus (we use SOS Inventory)

Desirable

• Experience working at a startup or small company.
• Knowledge of accounting for Equity instruments inc. SAFEs, stock purchase agreements, convertible notes.
• Budgeting
• Streamline Chart of Accounts
• Streamlining Purchasing and Accounting Processes
• Invoicing
• Degree in business administration, accounting, finance, or a relevant field preferred
• Permanent residence in the US is required and no visa sponsorship is available.
• Must live near Centerville, UT (just outside of SLC) or be willing to relocate – there’s phenomenal skiing, kayaking, hiking, fishing, etc. just minutes away!

WHAT WE OFFER

• Competitive pay Hourly: $23 to $30 per hour
• Paid time off
• An opportunity to work with a company on a mission to help society

ABOUT US:

Torque3 is on a mission to restore lost functionality and independence to people who have suffered a stroke or TBI. By joining the Torque3 team, you will be a part of something much greater than yourself. There are 8 million stroke survivors in the United States alone, and unfortunately, almost 800K new people will be joining that group each year. These people are facing months – even years of rehabilitation, with very little hope of ever getting back more than a fraction of their former lives. The Torque3 platform will help these people - and their families - to become whole again. Find out more at our LinkedIn page: https://www.linkedin.com/company/torque3/

Job Type: Full-time

Pay: $23.00 - $30.00 per hour

Benefits:

• Health insurance
• Paid time off

Physical setting:

• Office

Schedule:

• Monday to Friday

Ability to commute/relocate:

• Centerville, UT 84014: Reliably commute or planning to relocate before starting work (Required)

Application Question(s):

• Do you have any experience working at a manufacturing, machine shop, or fabrication company?
• Do you have any experience working at a startup? Specifically, do you know how to enter SAFEs, stock purchase agreements, convertible notes, etc.?
• Do you have any experience with managing inventory? If so, please briefly describe.

Experience:

• QuickBooks Online: 3 years (Required)
• Accrual Bookkeeping: 3 years (Required)

Work Location: In person

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