Senior Manager, Accounting (Inventory)

AAP Global Capability Center LLP (380); India; Remote; INR 1,500,000 - 2,100,000; Full time

Job summary

Advance Auto Parts, Inc. is seeking a Senior Manager to lead the AIIC Inventory Accounting team in Hyderabad, India, ensuring timely, accurate, and well-controlled inventory accounting to support the financial close and external reporting, while mentoring staff and setting clear priorities.

You will oversee journal entries, reconciliations, inventory analyses, valuation, obsolescence, and reserves; manage SOX documentation and audit requests; coordinate with U.S.

Qualifications

• Experience leading accounting professionals and teams.
• Extensive exposure to monthly, quarterly, and annual close.
• Strong knowledge of U.S. GAAP, GL, and internal controls.
• Inventory accounting experience in valuation, shrink, obsolescence, or reserves.
• SOX compliance and audit support experience.
• Experience in a public company or shared service / GCC environment.

Responsibilities

• Lead and develop the AIIC Inventory Accounting team with clear priorities.
• Oversee close activities, journal entries, reconciliations, and reporting.
• Review inventory balances, valuation, shrink, obsolescence, reserves, and variances.
• Ensure compliance with U.S. GAAP and internal control standards.
• Coordinate with U.S. leadership and cross-functional partners to resolve issues.
• Maintain SOX documentation and respond to audit requests.
• Drive process improvements, controls, and automation initiatives.

Skills

Accounting leadership

US GAAP

Journal entries

Close processes

SOX compliance

Inventory accounting

Audit support

Internal controls

Public company experience

Cross-functional collaboration

Education

Bachelor's degree in Accounting/Finance

CA/CPA/CMA preferred

Tools

Oracle

BlackLine

AS400

Job description

Job Description Title : Inventory Accounting, Senior Manager

Location: Hyderabad, India

Position Summary :

The Senior Manager leads the AIIC Inventory Accounting team and is accountable for the timely, accurate, and well-controlled execution of inventory accounting activities supporting the financial close and external reporting processes. The role oversees journal entries, account reconciliations, inventory analyses, internal controls, audit support, process documentation, and issue resolution. As a senior leader within AIIC Controllership team, the Senior Manager partners with U.S. Inventory Accounting leadership and cross-functional teams, including Asset Protection, Supply Chain, Merchandising, Finance, Audit, and Technology. The role may also support other AIIC accounting processes, provide leadership coverage within Controllership, and help transition additional accounting activities from the United States to India.

Key Responsibilities

• Lead and develop the AIIC Inventory Accounting team, establish clear priorities, and ensure high-quality, timely delivery.
• Oversee monthly, quarterly, and annual close activities, including journal entries, account reconciliations, inventory analyses, and management reporting.
• Review inventory balances, valuation, shrink, reserves, obsolescence, and related accounting matters; investigate and resolve significant variances and reconciling items.
• Ensure inventory accounting complies with U.S. GAAP, company policies, and established close and documentation standards.
• Partner with U.S. Inventory Accounting leadership and cross-functional stakeholders to resolve accounting, data, process, and control issues.
• Support the design, implementation, monitoring, and continuous improvement of financial and operational controls.
• Lead targeted risk and control assessments and recommend practical control enhancements across business, financial, and technology processes.
• Maintain SOX documentation, including process narratives, flowcharts, risk and control matrices, testing support, and control evidence.
• Coordinate internal and external audit requests and ensure complete, accurate, and timely responses.
• Develop and maintain accounting policies, standard operating procedures, process flows, and supporting documentation.
• Lead process improvement and automation initiatives that improve accuracy, efficiency, scalability, and transparency.
• Design and monitor key reports and performance measures used to execute controls and manage accounting processes.
• Lead knowledge transfer, training, and process transitions between U.S. and India teams.
• Provide clear updates on risks, issues, projects, and results to Controllership and business leadership.
• Demonstrate sound judgment, integrity, and accountability in all activities.

Qualifications

• Demonstrated experience leading and developing accounting professionals.
• Experience managing monthly, quarterly, and annual financial close activities.
• Strong knowledge of U.S. GAAP, general ledger accounting, journal entries, account reconciliations, financial analysis, and internal controls.
• Experience with inventory accounting matters such as valuation, shrink, obsolescence, reserves, standard costing, landed cost, or related areas.
• Experience supporting SOX compliance and internal or external audits.
• Experience in a public company, shared service center, global capability center, multinational organization, or similarly matrixed environment.
• Strong analytical, organizational, problem-solving, and project management skills.
• Excellent written and verbal English communication, facilitation, and stakeholder-management skills.
• Ability to manage multiple priorities, work independently, and deliver accurate results within deadlines.
• High level of initiative, professional judgment, ethics, and integrity.
• Professional accounting qualification, such as Chartered Accountant, Certified Public Accountant, or Cost and Management Accountant, preferred.
• Experience with Oracle, BlackLine, and AS400 preferred.
• Retail, distribution, consumer products, automotive aftermarket, or other high-volume inventory experience preferred.

Education and Experience

• Bachelor’s degree in Accounting, Finance, Commerce, or a related discipline, or equivalent relevant experience.
• At least eight years of progressive accounting, controllership, or financial reporting experience.
• Meaningful experience in inventory accounting, cost accounting, general accounting, or a related operational accounting function.

Work Location

This position is located in Hyderabad, India.

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Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installers and do-it-yourself customers. As of October 5, 2024, Advance operated 4,781 stores primarily within the United States, with additional locations in Canada, Puerto Rico and the U.S. Virgin Islands. The company also served 1,125 independently owned Carquest branded stores across these locations in addition to Mexico and various Caribbean islands. Additional information about Advance, including employment opportunities, customer services and online shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com.