Inventory Accounting Manager
A dynamic and rapidly growing consumer brand is seeking an Inventory Accounting Manager to join its Accounting team. In this role, you will support the Senior Manager of Inventory Accounting and play a critical part in scaling accounting processes that keep pace with the company's expansion. You'll serve as a key bridge between operations and accounting, ensuring accurate recordkeeping, strong controls, and reliable inventory reporting across all locations and entities. This is an opportunity for someone who thrives in fast-moving environments and enjoys driving operational excellence through process improvement.
Key Responsibilities
- Manage all monthly close activities tied to inventory, including GL-to-subledger reconciliations, goods-in-transit accounting, COGS analysis, and preparation of necessary ERP journal entries.
- Maintain standard costs across all SKUsdomestic and internationalincluding purchase prices, freight, duties, and all related standard cost components.
- Perform quarterly analyses of FIFO accounting adjustments and validate purchase price variance (PPV) balances.
- Partner with product development and purchasing teams to build standard costs for new SKUs.
- Oversee accounting for all landed costs (freight, duties), analyze variances against standards, and investigate underlying drivers.
- Collaborate closely with the inventory control team to support annual physical counts, understand cycle count processes, and align on best practices.
- Analyze inventory aging reports to identify potential excess and obsolete inventory, maintain appropriate reserves, and track disposal and write-off activity.
- Support audit activities by preparing schedules, rollforwards, and detailed supporting documentation.
- Maintain and enhance process documentation while identifying automation and process improvement opportunities within daily accounting workflows.
- Develop and present ad-hoc inventory and cost reports to support FP&A and management decision-making.