Inventory Accountant - 144474

Our client is a global fashion retailer looking to add an Inventory Accountant to their team.

Salary/Hourly Rate

$110k+

Position Overview

The Inventory Accountant will be responsible for managing and overseeing all aspects of inventory accounting and control. This role requires a detail-oriented individual with strong analytical skills to ensure the accuracy and integrity of inventory records and financial reporting. The ideal candidate will have experience in the fashion/apparel industry, a solid understanding of inventory accounting principles, and the ability to work collaboratively with cross-functional teams.

Responsibilities Of The Inventory Accountant

• Inventory Management: Maintain accurate inventory records, including tracking of stock levels, adjustments, transfers, and disposals. Perform regular reconciliations of physical inventory counts with system records and investigate discrepancies. Monitor and report on inventory valuation, including cost of goods sold (COGS) and inventory obsolescence.
• Financial Reporting: Prepare and review monthly, quarterly, and annual inventory-related financial statements and reports. Assist in the preparation of year-end financial statements and audit schedules related to inventory. Ensure compliance with GAAP and company accounting policies.
• Cost Accounting: Analyze and update standard costs for all inventory items, including raw materials, work-in-progress, and finished goods. Monitor and analyze variances between actual and standard costs, and provide explanations and recommendations for corrective actions.
• Process Improvement: Identify and implement process improvements to enhance inventory tracking, reporting, and accuracy. Collaborate with supply chain, production, and merchandising teams to optimize inventory management processes and reduce costs.
• Systems Management: Maintain and update the inventory management system to ensure accurate data entry and reporting. Work with IT and other departments to troubleshoot and resolve inventory system issues.
• Compliance and Controls: Develop and document internal controls and procedures for inventory management and accounting. Ensure compliance with internal policies, industry regulations, and external audit requirements.
• Cross-Functional Collaboration: Partner with operations, procurement, and sales teams to forecast inventory needs and manage stock levels. Provide financial insights and support for inventory planning and decision-making.
• Ad-Hoc Analysis: Conduct ad-hoc analyses and projects related to inventory management, cost control, and financial performance.
  
  

Qualifications For The Inventory Accountant

• Minimum of 3 – 5 years of inventory accounting experience, preferably in the fashion/apparel industry.
• Strong knowledge of GAAP and inventory accounting principles.
• Proficiency in inventory management software and ERP systems (e.g., NetSuite, SAP, and Oracle).
• Advanced Excel skills and experience with data analysis and reporting tools.
• Excellent analytical, organizational, and problem-solving skills.
• Strong communication and interpersonal skills, with the ability to work effectively with cross-functional teams.
• Detail-oriented with a high level of accuracy and integrity in financial reporting.
  
  

Education Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.
• CPA or CMA is preferred.
  
  

Benefits

• Health insurance, dental, and vision.
• PTO.
• 401k.
  
  

As a woman-owned firm, we value diversity. We are an equal opportunity and affirmative action employer and will consider all applications without regard to race, sex (including gender, pregnancy, sexual orientation and gender identity), age, color, religion or creed, national origin or ancestry, veteran status, disability (physical or mental), genetic information, citizenship or any other characteristic protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Candidates who apply for roles through the Atrium website will be added to our candidate pool and may be considered for additional roles of a similar title. Please contact us to request an accommodation.

EOE/M/F/D/V/SO

Position ID: 144474