Key Responsibilities:
• Financial Reporting: Oversee the preparation, review, and analysis of inventory-related financial statements, including inventory valuation, cost of goods sold (COGS), and inventory reserves. Ensure compliance with relevant accounting standards (such as GAAP) and regulatory requirements (SOX).
• Inventory Control: Establish and maintain robust internal controls over inventory accounting processes. Monitor and analyze inventory levels, movements, and costs to ensure accuracy, efficiency, and compliance. Identify and address any discrepancies or issues promptly.
• Process Improvement: Continuously evaluate and enhance inventory accounting processes, systems, and controls. Identify opportunities for automation, streamlining workflows, and improving data accuracy and integrity. Leverage technology solutions to optimize inventory accounting operations.
• Collaboration: Collaborate with cross-functional teams, including purchasing, operations, finance, and IT, to ensure effective coordination and communication regarding inventory-related matters. Provide insights and recommendations to support inventory planning, forecasting, and decision-making.
• Audit and Compliance: Coordinate and support internal and external audits related to inventory accounting. Ensure compliance with accounting policies, procedures, and regulatory requirements. Address audit findings and implement corrective actions as needed.
• Risk Management: Identify and mitigate risks associated with inventory accounting, such as inventory obsolescence, valuation issues, and shrinkage. Implement controls and monitoring mechanisms to safeguard inventory assets and minimize financial risks.
• Stakeholder Engagement: Communicate effectively with key stakeholders, including senior management, finance teams, and operational leaders. Present inventory accounting reports, findings, and insights in a clear and concise manner. Provide guidance on inventory-related financial matters.
• Develop and implement long-term strategies to advance objectives and drive growth.
• Oversee day-to-day operations, ensuring efficiency, quality, and cost-effective management of resources. Monitor performance metrics and implement continuous improvement initiatives.
• Lead, build, and mentor a high performing team based on collaboration, innovation, and high performance. Foster a culture that exemplifies Company’s Mission, Vision, and Values.
Qualifications:
• Bachelor’s degree in accounting, Finance, or a related field. CPA preferred
• 5-7+ years of leadership experience, preferably in the retail or consumer goods industry. Proven track record of driving business growth and operational excellence.
• Significant experience in inventory accounting, preferably in a managerial or leadership role.
• Strong knowledge of accounting principles, financial reporting, and inventory valuation methods (such as FIFO, LIFO, and weighted average).
• Thorough understanding of internal controls, compliance requirements, and accounting standards (e.g., GAAP).
• Proficiency in ERP (Enterprise Resource Planning) systems and inventory management software.
• Experience with Microsoft Dynamics D365 preferred.
• Excellent analytical and problem-solving skills, with a keen attention to detail.
• Strong leadership, decision-making, and communication skills. Ability to drive organizational change and innovation.
• Excellent communication and interpersonal skills, with the ability to interact effectively with stakeholders at all levels.
• Ability to collaborate across functions, influence stakeholders, and drive process improvements.
• Ability to work in a fast-paced, dynamic environment and manage multiple priorities effectively.
For immediate consideration, email your resume to Thyra at thyra@southwestaccountingresources.com