OVERVIEW
Manage all aspect of inventory accounting, cost accounting and inventory valuation for a large manufacturing entity. This would include responsibility for all monthly closing activity and margin analysis. An additional crucial aspect of the job will be to work with our Business Technology Solutions group on process/reporting improvements.
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
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 5 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 principals, 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 $115,000-$135,000 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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