Senior Inventory & COGS Accounting Manager

Alo; Los Angeles (CA); On-site; USD 140,000 - 160,000; Full time

Job summary

Alo in Los Angeles is seeking a skilled Accounting Manager to own inventory accounting and valuation for a large retail operation. You will manage monthly close, analyze margins, and partner with Finance, Operations, and Business Technology Solutions to improve reporting and processes.

The ideal candidate has 6+ years in accounting, a Finance or Accounting degree, strong analytical and communication skills, and experience with standard costing and US GAAP.

Qualifications

• Minimum of 6+ years of accounting experience, preferably in public accounting and/or the apparel retail industry.
• Bachelor’s degree in Finance or Accounting.
• Excellent analytical skills.
• Sound understanding of accounting principles, expertise in standard costing a plus.
• Exceptional project management skills and presentation skills.
• Effective and professional communication skills.
• Experience leading and coaching teams, with a track record of improving team performance and advancing individual skill development.
• 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.

Responsibilities

• Responsible for all accounting, reporting and analysis related to inventories, gross margins, and standard costs
• 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
• Identify and analyze key cost drivers of variances between standard and actual costs and take action to improve cost accuracy. Partner with Product, Sales and Category Managers to establish and maintain accurate standard product costs. Develop and deliver reporting that provides clear visibility into major cost components (product, duty, freight, etc.), enabling informed business decisions and reviews.
• 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

Skills

Analytical skills

Communication skills

Project management

Leadership

Team coaching

Problem solving

Education

Bachelor's degree in Finance or Accounting

Job description

Alo in Los Angeles is seeking a skilled Accounting Manager to own inventory accounting and valuation for a large retail operation. You will manage monthly close, analyze margins, and partner with Finance, Operations, and Business Technology Solutions to improve reporting and processes.

The ideal candidate has 6+ years in accounting, a Finance or Accounting degree, strong analytical and communication skills, and experience with standard costing and US GAAP.