Inventory Accounting Manager
Job Overview
WHY JOIN ALO?
Mindful movement. It’s at the core of why we do what we do at ALO—it’s our calling. Because mindful movement in the studio leads to better living. It changes who yogis are off the mat, making their lives and their communities better. That’s the real meaning of studio-to-street: taking the consciousness from practice on the mat and putting it into practice in life.
OVERVIEW
We are seeking a highly skilled and driven Inventory Accounting Manager to join our team. In this key role, you will own all aspects of inventory accounting, cost accounting, and inventory valuation for our large retail and manufacturing entity. This includes managing monthly closing activities, working closely with our Finance and Operations business partners to analyze and report on business trends, and working closely with our Business Technology Solutions group to enhance processes and reporting. The ideal candidate is a self-starter who thrives in a dynamic environment, effectively manages multiple priorities, and works well both independently and within a team. A critical part of this role will involve partnering with our Business Technology Solutions group to implement meaningful enhancements in reporting and operational efficiency.
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
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
- CPA qualification preferred
- 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
The base salary range for this position is $140,000-$160,000 per year which represents the current range for the base salary for this exempt position. Please note that actual salaries will vary based on factors including but not limited to location, experience, and performance. As such, on occasion and when applicable, there is the possibility that the final, agreed-upon base salary may be outside of the upper end of the range. Please also note the range listed is just one component of the company’s total rewards package for exempt employees. Other rewards may include performance bonuses, long term incentives, a PTO policy, and many other progressive benefits.
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