Accounting Associate

Join our growing $50M online auction services company with 390+ employees. As a subsidiary of a publicly traded company, we facilitate thousands of transactions daily, connecting buyers and sellers across multiple states while managing complex commission structures, payment processing systems, and sales tax issues.

The Accounting Associate provides critical support in auction transaction posting, account reconciliation, and special accounting projects. The ideal candidate possesses strong analytical skills, meticulous attention to detail, and the ability to work independently while contributing to our auction-specific business model.

Responsibilities:

• Transaction Processing & Accounts Receivable:

• Review and enter customer information into accounting software system.

• Process invoice corrections and adjustments.
• Verify payment information is entered correctly and completely.
• Process customer payments and maintain customer records.
• Monitor aging reports and identify overdue accounts.
• Reconcile AR subsidiary ledger to general ledger.
• Investigate and resolve account discrepancies
• Transaction Processing & Accounts Payable:
• Review and enter vendor information into accounting software system.
• Verify invoice information is entered correctly and completely.
• Process vendor payments and maintain vendor records.
• Respond to vendor inquiries regarding payment status and account balances.
• Auction Transaction Support:
• Post and reconcile auction transactions, ensuring accuracy and completeness.
• Review transaction details for proper recording.
• Assist with seller settlement and buyer collection processes.
• Support high-volume daily transaction processing.
• Account Reconciliation:
• Conduct regular account reconciliations to identify and resolve discrepancies.
• Perform bank and payment processor reconciliations.
• Investigate and resolve variances in a timely manner.
• Maintain supporting documentation for all reconciliations.
• Month-End & Year-End Support:
• Support monthly, quarterly, and year-end closing processes.
• Prepare journal entries under supervision.
• Assist with financial statement preparation and supporting schedules.
• Collaborate with team members to meet closing deadlines.
• Cross-Functional Collaboration:
• Work with internal teams to gather financial information for reporting purposes.
• Respond to inquiries from other departments regarding transactions and accounts.
• Support audit processes by providing documentation and explanations.
• Communicate effectively across departments in fast-paced environment.
• Process Improvement & Special Projects:
• Participate in special accounting projects as assigned.
• Assist with accounting software implementation and optimization.
• Support process improvement initiatives.
• Maintain and update accounting records in compliance with company policies.
• Undertake additional assigned duties as requested.

Supervisory Responsibilities:

• None

Qualifications:

• Associates degree in Accounting or related field equivalent, Bachelor's preferred.
• Proficiency with MS Excel, Sage Intacct, and/or other accounting software.
• Preference will be given to candidates with 2+ years of applicable work experience.
• Effective communication within a fast-paced environment.
• Strong problem-solving, organizational and analytical skills.
• Ability to work independently and manage multiple tasks and priorities.
• Familiarity with auction or e-commerce industries is a plus.
• Spanish speaking bi-lingual candidates are encouraged to apply.
• Must be a U.S. Citizen or be eligible to work in the U.S
• Requires the ability to successfully complete a background check.

Working Settings:

• Full-time Non-Exempt, eligible for overtime.
• Office hours are 8am-5pm, Monday through Friday, additional hours may be required depending on priorities.
• Based in the Purple Wave Satellite Office in Manhattan, KS (2627 KFB Plz #201e, Manhattan, KS
• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.

Compensation:

• Hourly rate varies based on experience and qualifications, but typically ranges from $19.23per hour to $26.44 per hour and is paid bi-weekly.
• Monthly Bonus Program - determined by the Company's monthly revenue result and are paid on a "percent to plan" payout formula (90% = $300, 100% = $600, 110% = $900, 120% = $1,200).
• Health, Dental, and Vision starting the first of the month after start date.
• 401(k) plan with an employer match up to 4% starting the first day of employment
• Company-paid Life Insurance benefit of $25,000 with options to add more through employee contribution starting the first of the month after 60 days of employment.
• Fully paid Short-Term Disability provided by the Company.
• Personal Time Off (PTO) annual amount of 120 hours which is prorated based on the number of days between the 60th day of employment and the end of the calendar year.
• Eligible to participate in the Company Employee Stock Purchase Program (ESPP) after 90 days of employment, with enrollment opportunities each May and November.

About Purple Wave

Visit us at:

Purple Wave Auction is a leader in the equipment auction industry focusing on construction, ag, fleet, and government equipment. We are a data-driven, quickly changing and evolving, growing organization. Our focus is on marketing the assets we sell for our customers to find the highest quality bidders for the best recoveries for our sellers. We strive to make this transaction Straight, Simple, and Sold. We live daily by our core values of trust, team, care, and passion to be the place people want to work and our customers want to return to for their equipment buying and selling needs for their businesses.

Purple Wave Auction is the largest no-reserve Internet auction company in the Midwest.

• We have over 300 employees, nearly doubling in size in the last three years.
• We have a robust tech team and continue to invest in progressive techniques to enhance our services.
• While working at Purple Wave, you will have the opportunity to help our mission of being the easiest, most straightforward place to buy and sell used equipment.
• Purple Wave empowers its employees to solve problems effectively in a family-run business culture.
• We provide opportunities for continued education as you grow your career with tuition reimbursement. We have a generous benefits package in one of the fastest-growing companies in the area.

Purple Wave is looking for an enthusiastic person to join our growing team to support our customers as we bring our values of Trust, Team, Care and Passion to them.

Purple Wave Auction Core Values:

• TRUST: We are trustworthy…Our business depends upon our integrity and our customer's ability to trust Purple Wave and its people: to enforce a fair, transparent unreserved auction marketplace; to safeguard their bidding information; to give a full effort on behalf of their asset(s); We are transparent, accountable and fair.
• TEAM: WE ARE A TEAM…We respect, support, appreciate and inspire each other; We communicate and follow-through; We need each other. We do our best work when we work together.
• CARE: WE CARE…We care for our customers. We look out for their best interests. We work hard for them. We "go the extra mile".
• PASSION: WE ARE PASSIONATE…We are positive, we are enthusiastic, we take pride in our work, we own our responsibilities and we deliver; When we see problems, we fix them. We learn from our mistakes. We improve ourselves and Purple Wave every day; We believe Purple Wave can be the best marketplace for used equipment and we are committed to make it happen.

Equal Opportunity Employer

Equal Opportunity is a Purple Wave, Inc. policy. It is our practice to select the best-qualified candidate for each position in the organization. No employee of the Company will discriminate against an applicant for employment or a fellow employee because of race, creed, color, religion, sex, national origin, ancestry, age, or other physical or mental disability, military or veteran status.

Notice of Background Check

As a condition of your employment, you will be required to sign the Company's Authorization for Background Check, and to provide the Company with documents establishing your identity and right to work in the United States.