About the job
About the Role
We are seeking a talented and experienced Inventory Accounting Manager to become a key member of our Accounting team. In this pivotal role, you will play a significant part in fortifying the financial structure of our organization by ensuring precise inventory recordkeeping, enhancing accounting processes, and facilitating effective communication between our operations and accounting teams.
Your expertise will be instrumental in designing, implementing, and scaling inventory accounting processes that are in line with our rapid growth and global operations.
What You’ll Do
- Oversee monthly close activities related to inventory, ensuring accurate reconciliation of General Ledger to subledgers across all locations and entities, managing goods in transit, and conducting COGS analysis.
- Maintain and update standard costs of inventory for all SKUs (domestic and international), taking into account standard purchase prices, freight, and duty components.
- Conduct quarterly analyses of FIFO accounting adjustments and validate purchase price variance (PPV) balances.
- Collaborate with Product Development and Purchasing teams to establish standard costs for all new SKUs.
- Manage accounting for all landed costs (including freight and duties), analyze variances against standards, and investigate the drivers of these variances.
- Partner with the Inventory Control team on annual physical inventory counts and cycle count processes.
- Review inventory aging reports to identify excess or obsolete inventory exposure, maintain reserves, and report on disposals or write-offs.
- Assist with audit requests by preparing necessary documentation, schedules, and rollforwards.
- Keep process documentation current and identify opportunities for automation and efficiency improvements.
- Prepare and deliver ad-hoc reports to support Financial Planning & Analysis (FP&A) and management assessments.
Interested?
If you are passionate about enhancing financial accuracy and efficiency within a growing global organization, we encourage you to apply!
