Junior Accountant, Inventory Accounting

lululemon; Vancouver; On-site; CAD 57,000 - 70,000; Full time

Job summary

A retail performance apparel company is seeking a Junior Accountant for their Inventory Accounting team. The successful candidate will be responsible for accounting accuracy, preparing journal entries, and supporting financial audits. The ideal candidate holds a business degree and has a solid understanding of accounting principles. This full-time position is primarily in-person in Vancouver, offering a competitive compensation package and various employee benefits.

Benefits

Extended health and dental benefits

Paid time off

Savings and retirement plan matching

Generous employee discount

Fitness & yoga classes

Qualifications

• 1+ years of professional work experience required.
• Excellent written and verbal communication skills.
• Knowledge of US GAAP is an asset.

Responsibilities

• Ensure accurate accounting for inventory.
• Prepare month end journal entries and account analysis.
• Resolve accounting issues related to inventory.

Skills

Teamwork

Communication

Analytical skills

Excel proficiency

Education

Business degree in accounting or finance

Tools

Oracle EBS

Spreadsheet Server

MS Office

Job description

Overview

Join to apply for the Junior Accountant, Inventory Accounting role at lululemon.

Who we are

lululemon is an innovative performance apparel company for yoga, running, training, and other athletic pursuits. Setting the bar in technical fabrics and functional design, we create transformational products and experiences that support people in moving, growing, connecting, and being well. We owe our success to our innovative product, emphasis on stores, commitment to our people, and the incredible connections we make in every community we\'re in. As a company, we focus on creating positive change to build a healthier, thriving future. In particular, that includes creating an equitable, inclusive and growth-focused environment for our people.

About This Team

As part of the Finance team, we are responsible for the overall integrity, controls and reporting of lululemon’s global inventory. With over $1.5B in inventory spread across 1,000+ stores and 14+ distribution centers, we take pride in providing the business and our investors with accurate inventory information.

Core Responsibilities

• Working closely with the Inventory Accounting team, this person will ensure accurate accounting for lululemon’s inventory.
• Be responsible for assigned G/L inventory accounts from journal entries to analysis and internal / external reporting.
• Become the subject matter expert for assigned accounts and apply and advise on applicable accounting principles.
• Month end journal entry preparation & account analysis.
• Monthly reconciliation and review of assigned B/S and P&L accounts.
• Analysis and application of GAAP requirements related to inventory and sales and adoption of new accounting standards and policies as applicable.
• Resolving accounting issues related to inventory and sales that have been escalated and concise documentation of conclusions.
• Preparation and documentation of supporting information as needed for internal, external and regulatory audits.
• Performing monthly & quarterly control requirements and regular assessment of control needs.
• Review, document and develop procedures to improve processes.
• Work cross functionally with other teams and departments to support appropriate accounting of inventory.

Qualifications

A business degree in accounting or finance. 1+ years of professional work experience. Month end close and reporting experience is an asset. Sales and inventory accounting experience an asset. Experience with Oracle EBS and Spreadsheet Server, or equivalent, an asset. Good working knowledge of MS Office with strong skills in Excel. Excellent teamwork & interpersonal skills. Excellent written and verbal communication skills. Ability to work well under pressure and capable of meeting tight timelines. Ability to suggest alternatives and ideas for improvement. Knowledge of US GAAP is an asset.

Must Haves

Acknowledge the presence of choice in every moment and take personal responsibility for your life. Possess an entrepreneurial spirit and continuously innovate to achieve great results. Communicate with honesty and kindness and create the space for others to do the same. Lead with courage, knowing the possibility of greatness is bigger than the fear of failure. Foster connection by putting people first and building trusting relationships. Integrate fun and joy as a way of being and working, aka doesn’t take yourself too seriously.

Additional Notes

Immigration support is potentially available for this role.

Compensation And Benefits Package

lululemon’s compensation offerings are grounded in a pay-for-performance philosophy that recognizes exceptional individual and team performance. The typical hiring range for this position is from 57000 - 70000 annually; the base pay offered is based on market location and may vary depending on job-related knowledge, skills, experience, and internal equity. As part of our total rewards offering, permanent employees in this position may be eligible for our competitive annual bonus program, subject to program eligibility requirements.

At lululemon, Investing In Our People Is a Top Priority. We Believe That When Life Works, Work Works. We Strive To Be The Place Where Inclusive Leaders Come To Develop And Enable All To Be Well. Other Components Of Our Total Rewards Offerings Include Support Of Career Development, Wellbeing, And Personal Growth.

• Extended health and dental benefits, and mental health plans
• Paid time off
• Savings and retirement plan matching
• Generous employee discount
• Fitness & yoga classes
• Parenthood top-up
• Extensive catalog of development course offerings
• People networks, mentorship programs, and leadership series

Workplace And Role Details

This role is classified as In-Person.

Workplace Policy

In-person collaboration and / or office-based work is necessary or important for the role. Work is mainly performed onsite, 4-5 days per week depending on role requirements.

Seniority level: Entry level

Employment type: Full-time

Job function: Accounting / Auditing and Finance

Industries: Retail