About the job
Job Title: Inventory Accounting Manager
Job Type: Full-Time Remote
Time Zone: PST time zone
Overview
Join a dynamic and rapidly expanding consumer brand as an Inventory Accounting Manager within our dedicated Accounting team. In this pivotal role, you'll support the Senior Manager of Inventory Accounting, playing an essential part in refining accounting processes to align with the company’s growth trajectory. You'll act as a crucial liaison between operations and accounting, ensuring precise recordkeeping, robust controls, and trustworthy inventory reporting across all locations and entities. This role is ideal for individuals who thrive in fast-paced environments and are passionate about enhancing operational excellence through process innovation.
Key Responsibilities
- Oversee all monthly close activities related to inventory, including GL-to-subledger reconciliations, goods-in-transit accounting, COGS analysis, and preparing necessary ERP journal entries.
- Maintain standard costs for all SKUs, both domestic and international, covering purchase prices, freight, duties, and all relevant standard cost components.
- Conduct quarterly analyses of FIFO accounting adjustments and verify purchase price variance (PPV) balances.
- Collaborate with product development and purchasing teams to establish standard costs for new SKUs.
- Manage the accounting of all landed costs (freight, duties), analyze variances against standards, and investigate the underlying causes.
- Work closely with the inventory control team to facilitate annual physical counts, understand cycle count processes, and synchronize on best practices.
- Examine inventory aging reports to spot potential excess and obsolete inventory, maintain suitable reserves, and monitor disposal and write-off activities.
- Assist in audit processes by preparing schedules, rollforwards, and detailed supporting documentation.
- Enhance and maintain process documentation while identifying automation and process improvement opportunities within daily accounting operations.
- Create and present ad-hoc inventory and cost reports to support FP&A and management decision-making.
