Senior Cost Accountant

SBH Fashion; New York (NY); On-site; USD 113,000 - 138,000; Full time

Job summary

SBH Fashion in New York seeks a Senior Cost Accountant to join our fast-paced fashion label, focused on inventory controls, reconciliations across retail and omni-channel operations, and standard cost systems.

You will own variance analysis, lead balance sheet reconciliations, oversee annual physical counts, and collaborate with product development and logistics. Strong Excel, ERP/ Dynamics experience and a BS in Accounting are required.

Qualifications

• 5–7 years of inventory management with standard cost accounting experience.
• Experience with FIFO inventory accounting, capitalization and variances.
• Proficiency in Excel and ERP/inventory GL applications.

Responsibilities

• Reconcile and oversee inventory sub-ledger to 3PLs and stores.
• Perform wholesale sales and margin analysis.
• Drive balance sheet reconciliations and process improvements.
• Identify root causes of variances and establish inventory controls.
• Maintain cost accounting system and update standards with product development.
• Develop inventory analysis reporting and analyze variances.
• Oversee annual physical inventory counts.

Skills

Inventory control

Standard costing

Variance analysis

FIFO accounting

Excel proficiency

ERP/GL systems

Month-end close

Analytical skills

Communication skills

Education

BS in Accounting

Tools

Microsoft Dynamics

Excel

ERP software

Job description

Job Title: Senior Cost Accountant

Summary

This position offers an opportunity to work in a fast-paced and dynamic work environment for a fashion label in the retail industry. The successful candidate must have a deep understanding of inventory controls, experienced reconciling inventory in a retail / omni-channel environment, and have a comprehensive understanding of standard cost systems, along with strong inter-personal skills.

PRIMARY RESPONSIBILITIES

• Responsible for daily and monthly reconciliation and oversight of the Company’s inventory sub-ledger (ERP) to 3PL’s and store inventory for its retail and wholesale business.
• Responsible for wholesale sales and margin analysis
• Help drive balance sheet reconciliations and process improvements
• Identify, analyze and communicate root cause of variances, establishing inventory controls, and making required adjustments, as needed working with retail operations team and logistics
• Maintain cost accounting system including updating of standards, working with product development team
• Develop inventory analysis reporting and analyze variances from standard
• Oversee annual physical inventory counts

Knowledge, Skills And Abilities

• Inventory control experience
• Experience with inventory standard costing, including managing and accounting for standard costs, and analysis of variances
• Good working knowledge of first-in, first-out inventory accounting, including capitalization and expensing of cost variances i.e. purchase price, freight, and duty variances
• Results orientated, flexible, resourceful and self-motivated
• Detail oriented , accurate, well organized and able to prioritize
• Strong analytical skills and initiative
• Strong verbal and written communication skills
• Strong time-management skills and ability to adhere to month-end close timelines
• Ability to work independently and provide solutions to questions
• Proficiency in Excel and inventory general ledger applications
• Demonstrated curiosity about what is happening in the business and why.

Education And Experience

• 5- 7 years of experience in managing inventory with standard cost accounting experience
• Microsoft Dynamics preferred, but not required
• Retail / wholesale industry experience a plus
• BS in Accounting

Salary $125,000