Inventory Accounting Manager

OVERVIEW

We are seeking a highly skilled and driven Inventory Accounting Manager to join our team. In this key role, you will own all aspects of inventory accounting, cost accounting, and inventory valuation for our large manufacturing and retail entity. This includes managing monthly closing activities and working closely with our Business Technology Solutions group to enhance processes and reporting. The ideal candidate is a self-starter who thrives in a dynamic environment, effectively manages multiple priorities, and works well both independently and within a team. A critical part of this role will involve partnering with our Business Technology Solutions group to implement meaningful enhancements in reporting and operational efficiency.

RESPONSIBILITIES  

• Responsible for all accounting, reporting and analysis related to inventories, gross margins, and standard costs
• Work with Product, Sourcing and Logistics departments to establish accurate standard costs for all product styles
• Work closely with Sales leadership (both domestic and international) and Category Managers to provide costing information on new and existing products so that these teams can establish product pricing that achieves targeted margin metrics for both the product category and the Company overall
• Calculate and maintain accurate standard costs for bill of materials
• Continuously monitor inventory balances and report on inventory adjustments as well as cost of goods sold (COGS)
• Prepare and/or review monthly journal entries related to inventory and COGS to record inventory movement, accruals for inventory in transit and amortization of capitalized variances
• In conjunction with the monthly financial close, ensure that inventories are properly valued and appropriately reserved under US GAAP (including an evaluation of slow moving, excess and obsolete inventories), liabilities related to inventory purchases are properly stated, gross margins are accurate and any significant variances between budgeted and actual margins are investigated and explained to management
• Prepare and/or review monthly reconciliations for all inventory related accounts across all global operating territories
• Understand and document the Company's current end to end inventory processes
• Act as primary finance liaison in physical inventory counts, review monthly cycle count results, and investigate variances as needed
• Establish and maintain inventory and COGS related internal controls and assist in preparing inventory and COGS related information for both internal and external auditors
• Monitor low margin, slow moving inv., and provide related financial reporting to relevant departments so that appropriate actions can be taken

QUALIFICATIONS

• Minimum of 6+ years of cost analysis experience in a complex manufacturing environment, preferably in the apparel industry
• Bachelor’s degree in Finance or Accounting
• Strong cost systems background
• Excellent analytical skills
• Sound understanding of accounting principles, including expertise in standard costing
• Exceptional project management skills and presentation skills
• Experience with implementing ERP systems that support manufacturing
• CPA qualification preferred
• Effective and professional communication skills
• Challenge conventional practices and use creativity and information to lead, innovate, problem solve, and implement ideas to contribute to the growth of the organization
• Collaborates with co-workers to achieve common goals

The base salary range for this position is $140,000-$160,000 per year which represents the current range for the base salary for this exempt position. Please note that actual salaries will vary based on factors including but not limited to location, experience, and performance. As such, on occasion and when applicable, there is the possibility that the final, agreed-upon base salary may be outside of the upper end of the range. Please also note the range listed is just one component of the company’s total rewards package for exempt employees. Other rewards may include performance bonuses, long term incentives, a PTO policy, and many other progressive benefits.

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