Senior Manager, Accounting - Modesto, CA

Job Summary:

The Senior Manager of Accounting is a critical leadership role responsible for overseeing complex accounting functions including inventory management, lease accounting, and the periodic financial close process for the company and its subsidiaries. This position requires advanced technical expertise in GAAP, strategic thinking capabilities, and strong leadership skills to guide a team of accounting professionals. The Senior Manager will serve as a subject matter expert on inventory valuation, lease accounting (ASC 842), and other technical accounting matters while partnering with executive leadership to provide strategic financial insights and ensure compliance with accounting standards. This role demands a proven leader who can drive process improvements, implement accounting standards, and develop talent while managing multiple priorities in a fast-paced environment.

Responsibilities:

• Technical Accounting Leadership
  • Lead all aspects of inventory accounting including valuation methods (LIFO), physical inventory procedures and reserve calculations
  • Oversee lease accounting compliance with ASC 842, including lease classification, ROU asset calculations, and system implementation (e.g. automated monthly journal entries and blackline integration)
  • Research and document technical accounting positions on complex transactions (e.g., ASC 606 vendor allowances, ASC 805 business combinations), preparing detailed memorandums for management and auditors
  • Ensure compliance with GAAP and stay current with new pronouncements from FASB and other regulatory bodies (e.g. SEC, IRS)
  • Act as primary liaison with external auditors for inventory, leases, and other assigned areas
• Financial Reporting and Analysis
  • Manage the month-end close process for assigned areas, ensuring accurate and timely financial reporting
  • Review and approve complex journal entries, accruals, reconciliations, and reserve calculations
  • Perform advanced financial analysis including flux analysis, trend analysis, and variance explanations
  • Prepare and present technical accounting findings and financial results to senior management
  • Oversee preparation of quarterly and annual financial statement disclosures for inventory and leases
• Process Improvement and Systems
  • Support implementation of new accounting systems and upgrades, particularly for inventory and lease management
  • Drive automation initiatives to improve efficiency and accuracy in financial reporting
  • Develop and maintain internal controls, policies, and procedures for inventory and lease accounting
  • Identify and implement best practices for inventory management including cycle counting and reconciliation procedures
  • Partner with store operations and IT to optimize inventory tracking systems and lease administration tools
• Team Leadership and Development
  • Supervise, mentor, and develop a team of accounting professionals, including hiring, training, and performance management
  • Support short, medium, and long-term strategic goals for the team focusing on people, process, and systems
  • Manage resource allocation and workload distribution to meet deadlines and business objectives
  • Foster a culture of continuous improvement and professional development
  • Collaborate cross-functionally with operations, FP&A, tax, legal, and other departments
• Strategic Business Partnership
  • Provide strategic insights into inventory optimization, working capital management
  • Partner with operations team on inventory planning, shrink management, and cost reduction initiatives
  • Support business development activities including due diligence for acquisitions and new lease negotiations
  • Act as finance business partner to operational leaders, providing data-driven insights for decision making