Senior Inventory Accountant

Hot Topic, Inc.; California; On-site; USD 90,000 - 120,000; Full time

Job summary

Hot Topic, Inc. is seeking a Senior Inventory Accountant to safeguard our inventory valuation, COGS, and stock ledger integrity. You will collaborate with merchandising, logistics, IT and finance to keep inventory accurate and support profitable operations.

The role is onsite at City of Industry, CA three days per week, with opportunities to streamline processes, perform monthly close duties, and contribute to audits and variance analysis.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• 5+ years of inventory or cost accounting experience.
• Solid understanding of GAAP and internal controls.
• Advanced Excel and large data handling.

Responsibilities

• Prepare month-end journal entries for freight, allowances, accruals under GAAP
• Prepare month-end reconciliations
• Provide inventory and COGS variance analyses
• Research and resolve stock ledger discrepancies
• Audit e-comm orders in local stores quarterly
• Reconcile and report semi-annual physical inventory
• Collaborate with auditors to ensure compliance
• Improve inventory accounting processes
• Support inventory team during peak periods
• Perform ad hoc analyses and reporting

Skills

Inventory accounting

GAAP knowledge

Analytical skills

Communication

Education

Bachelor’s degree in Accounting or Finance

Tools

Oracle Fusion

Excel (Advanced)

Job description

We’re a fast-paced retail company with a sharp eye for growth, great customer experience, and data-driven decision making. Our stores (and online presence) are thriving, and we’re looking for a detail-driven Senior Inventory Accountant to help account for our inventory.

The Senior Inventory Accountant is the backbone of our inventory financial operations — ensuring accuracy in inventory valuation, COGS, stock ledger integrity, and reporting. You’ll work closely with the merchandising, logistics, IT, and finance teams to keep inventory accurate and the business running smoothly and profitably.

This position will require being onsite at our City of Industry, CA office three (3) days a week.

WHAT YOU WILL DO:

• Prepare month-end journal entries such as domestic/international freight, material allowances, inventory shrink reserves, accruals, reclasses and amortizations in compliance with company policies and GAAP
• Prepare month-end account reconciliations
• Provide insightful inventory and COGS variance analyses, analyzing forecast and prior year trends
• Research and resolve all stock ledger and inventory discrepancies by coordinating with IT, warehouse, and other system owners
• Perform quarterly audits of e-comm orders in local stores
• Assist in the reconciliation and reporting of the semi-annual physical inventory for the stores, DCs and Internet, through activities such as researching discrepancies, following up with the cross-functional partners, and reporting results
• Collaborate with external and internal auditors to ensure successful audit results and compliance for areas of responsibility
• Continuously improve processes to make inventory accounting faster, smarter, and cleaner
• Support other inventory team members during peak periods
• Perform ad hoc analyses and reporting, as needed

WHAT YOU WILL NEED:

• Bachelor’s degree in Accounting, Finance, or related field
• 5+ years of inventory or cost accounting experience (retail or wholesale industry experience preferred)
• Solid understanding of GAAP and internal controls for related areas
• Proficiency with ERP/accounting systems (Oracle Fusion preferred)
• Working knowledge of stock ledger and reconciling to GL (Oracle Retail Management experience a plus)
• Advanced Excel skills and comfort working with large data sets; AI experience a plus
• Exceptional attention to detail and organizational skills
• Strong communication and collaboration abilities
• Meets deadlines, prioritizes appropriately, shift gears comfortably with change, and maintains composure under pressure.
• Is accountable for results, approaches obstacles proactively and looks for ways to resolve problems and issues
• A curious and critical mindset, able to challenge the status quo
• A genuine passion for retail and the ever-evolving customer landscape