Sr. Inventory Accountant

Grocery Outlet Inc.; Emeryville, Northern (CA, KY); Hybrid; USD 73,000 - 83,000; Full time

Benefits offered by this job

401(k) Profit Sharing

Job summary

Grocery Outlet Inc. is seeking a Senior Inventory Accountant to ensure the accuracy of our inventory across all stores. You will reconcile store inventories, support auditors, and drive the period-end close process.

The role requires a solid accounting background, strong analytical skills, and the ability to meet tight deadlines. Collaboration with warehouse teams and Independent Operators is essential to maintain precise inventory records.

Qualifications

• Bachelor’s degree in accounting/finance is required.
• Strong Microsoft Office/Excel skills and ERP experience (Oracle or SAP).
• Analytical, detail-oriented, and able to meet tight deadlines.

Responsibilities

• Reconciling retail store inventories across stores.
• Prepare/review store inventory reconciliations.
• Assist in delivering materials to auditors during quarter reviews and year-end audits.
• Coordinate period-end close processes to meet goals.
• Perform variance analysis and explain fluctuations.
• Handle month-end close activities and journal entries for inventories.
• Analyze general ledger details and prepare related journal entries.
• Process manual inventory transfer transactions in the inventory system.
• Monitor and improve accounting/reporting processes.
• Prepare expense accruals and explain variances.

Skills

Microsoft Office

Excel

ERP systems

Education

Bachelor's degree in accounting/finance

Tools

Oracle

SAP

Job description

Our Finance team’s mission is to drive efficiency as we support our company and business partners. We analyze data, create records and reports, and make key strategic decisions to keep the business running. Our passion and energy promote a creative and growth-oriented environment. The members of our team are resourceful, critical thinkers that pride themselves on integrity and efficiency.

About the role:

The Senior Inventory Accountant's primary focus is to ensure the accuracy of company’s inventory. This role will perform and review reconciliation of store inventories across our stores. The Inventory Accounting team works closely with our auditors, warehouse teams and our Independent Operators to ensure that our inventories are accurate. The ideal candidate will have a solid finance/accounting background, in-depth knowledge of accounting principles, strong analytical, detail-oriented, and problem-solving skills, and ideally a good understanding of retail business. Exceptional organizational skills are a must to meet tight deadlines of this role. This role reports to the Director - Accounting.

Responsibilities Include:

• Reconciling retail store inventories across our stores.
• Prepare and/or review the retail store inventories reconciliations across our stores.
• Assist in providing requested deliverables to the internal and external auditors in conjunction with quarter review and year-end audit processes.
• Understand the daily activities of the department and aid in coordinating and managing the period end close process to ensure daily and period goals and deadlines are met.
• Perform variance analysis for assigned areas of responsibility and partners with corporate department leaders and other company personnel to ensure variances are adequately explained.
• Perform month-end close activities including preparation of journal entries, reconciliations, and reports related to retail inventories.
• Perform account analysis on general ledger detail and prepare journal entries based on this analysis.
• Process certain manual inventory transfer transactions in the inventory system.
• Monitor and improve accounting and reporting processes.
• Prepares expense accruals, reconciliation and explain fluctuations.

About The Pay:

• Base Salary Range: $ 35 - $40 Hourly
• 401(k) Profit Sharing.
• Final compensation will be determined based upon experience and skills and may vary based on location.

About you:

• Bachelor’s degree in accounting/finance is required.
• Strong Microsoft Office/Excel skills and experience with an ERP system required (Oracle or SAP).
• Demonstrated analytical and problem-solving skills.
• Professional Attributes/Work Ethic: strong communication skills (Oral and Written), detail-oriented, organized, collaborative, innovative, self-motivated, decisive, accountable, and committed to excellence and high standards.
• May be required to work overtime on occasion.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.