Basic Function:

In collaboration with the Financial Planning & Analysis department, responsible for maintenance and review of inventory cost standards. Responsible for timely and reliable internal and external financial reporting for key areas (including inventory related reporting, supply chain reporting, and other areas as assigned) of month/quarter/year-end close process, and in directly supporting external and internal audit reviews of such areas.

Responsible for oversight and coordination of Company inventory reporting processes, related detailed tracking and reconciliation support for inventory, monthly reporting on book to physical inventory reconciliation and detailed views of standard cost variance areas to financial and operating management, received but not invoiced liabilities, inventory markdown reserves and supply chain related activities. Responsible for coordinating and supporting physical inventory process (i.e., cycle count program, wall to wall physical) for all warehouse and distribution locations.

This position provides support and ad hoc analysis to the corporate accounting functions and systems as managed by the VP of Finance, Controller and the CFO. This includes cross-training and providing recurring support as required in such efforts.

This position will be directly responsible for preparation of certain deliverables as needed for the achievement of departmental and corporate goals in a fast-paced, deadline-driven environment.

Specific Responsibilities:

1. Supports the maintenance of an accurate integrated Cost Management system database on a timely basis for all inventory items on-hand and/or being forecast for purchase by the Company.
2. Supports the execution of Company-wide revision to standard costs on all existing and forecasted styles on a bi-annual basis. Supports the coordination of required information for this revision process with FP&A, China Sourcing and Supply Chain for anticipated costs and rates for freight and duty.
3. Executes month-end close support processes for assigned areas, including Inventory related and other designated entries, as part of the Accounting Team’s month-end close process. Performs review and adjustments within that schedule to support timely and reliable internal and external financial reporting.
4. Performs reconciliations, analysis and review with focus on freight and duty variance, book to perpetual inventory reconciliation, received but not invoiced detail to ledger reconciliation, purchase price detailed analysis and summary view, and supply chain related activities.
5. Coordinates and manages all aspects of the physical inventory process for all business units with all internal and external parties, including external auditors and third-party logistics/warehousing providers.
6. Provides support, documentation and testing in inventory (physical) and valuation areas.

7. Administers and provides managerial review in Inventory activities as required (within Accounting) associated with:

• Month-end close and inventory related reporting.
• Cost record maintenance.
• Accounts Payable controls associated with invoice matching against Receiver report and disposition of related discrepancies.
• Team goals and monitoring against goals.
• Annual taking of physical inventories.

8. Works directly with Operations Management in providing:

• Identification of key issues and resolution (related to costing and inventory reporting).
• Anticipate changes occurring in the company and be proactive to establish methodologies and processes.
• Establish formalized procedures/policies to provide adequate control over Duties/Costing/Inventory Reporting activities within the Department and within the company.

9.Establishes, coordinates and administers a plan of internal controls to:

• Ensure adequate controls exist to support reliable financial reporting over existing operations as well as any new business processes established by the Company.
• Continually review the present system of internal control for areas of improvement
• Communicate management’s policy on maintaining strong internal controls and prompt investigation and correction of discovered weakness in the system.
• Safeguard company assets

10. Provides project support in inventory, costing, supply chain, or other areas as requested by Team or Company management, including the CFO, Vice President, Controller and Assistant Controller.

11. Provides direct support to the CFO, the Vice President, Controller and Assistant Controller in all areas of responsibility and systems or process knowledge by effective cross training and recurring involvements as required over time.

12. Supports implementation of Cycle Count Program, management and support to 3PL (currently, Ryder and any new 3PL providers in the future) and interactions with and validation by external auditors.

13. Provides direct support to integration of future business acquisitions in all aspects of costing, inventory valuation, inventory reserves, etc.

Qualifications:

1. Bachelor’s Degree in business administration with an Accounting Major or equivalent preferred; extensive related experience in accounting areas can serve as alternative basis.
2. Must have a minimum of 2-5 years of accounting experience, with mix of public and industry accounting experience preferred; extensive experience in accounting, inventory reporting, and inventory costing can provide alternative basis for this position as well.
3. Extensive Experience with Microsoft applications as well as enterprise level financial and operating systems is required.
4. Strong analytical and problem-solving skills is a must.
5. Experience in manufacturing or wholesale businesses is preferred.
6. Ability to read, analyze and interpret financial reports is required.
7. Must possess a working knowledge of General Accepted Accounting Principles and Practices.
8. Ability to meet deadlines, prioritizes tasks, and anticipates issues is a must.
9. Ability to work within functional and cross-functional teams is required.
10. Ability to maintain confidentiality is a must.