Inventory is extremely important to our business. The Director, Inventory Accounting and Inventory Control supports stores, distribution centers, internet fulfillment centers and HQ departments by ensuring timely and accurate completion of inventory records and physical inventory reconciliation. Partners directly with cross functional departments to stay on top of all inventory movements and valuation.
WHAT YOU'LL DO
- Oversee a team of five, including one manager, two seniors, and two staff.
- Oversee the month-end close process, ensuring alignment with company financial goals and providing high-level insights into inventory performance, trends, and opportunities for optimization. The month-end close process includes inventory journal entries, balance sheet reconciliations, and reconciliation of warehouse management, merchandising and financial systems.
- Develop and drive strategic inventory management initiatives, working with senior leadership to monitor trends, optimize inventory positioning, and ensure accuracy, efficiency, and compliance. Identify and address any discrepancies or issues promptly.
- Partner with cross-functional leaders to align inventory planning, forecasting, and strategy with long-term corporate objectives.
- Partner with legal and merchandising teams to ensure compliance with licensing contracts, providing strategic oversight and guiding decisions for royalty calculations and payments.
- Provide leadership and strategic direction to the Manager of Inventory Control, ensuring that inventory movements align with the company’s financial and operational objectives.
- Drive initiatives in partnership with Inventory Control, LP, Store Operations, and Merchants to develop and implement comprehensive shrink-reduction strategies that support overall business performance.
- Set strategic direction for reserve management, overseeing shrink, aged inventory and LCM valuations to ensure alignment with company-wide risk management objectives
- Partner with Sales Audit team to define and refine policies for inventory shipment cut-offs and sales reporting, ensuring alignment with business goals and regulatory compliance.
- Partner with IT to identify, resolve, and implement inventory system improvements, ensuring robust exception reporting and successful system implementations to support sustainable inventory operations.
- Foster a culture of compliance and continuous improvement, leading initiatives to optimize inventory accounting processes, systems, and controls across the organization. Identify and implement automation and workflow improvements that strengthen data accuracy and integrity, driving operational efficiency and supporting growth.
- Ensure that Inventory Accounting and Inventory Control provide timely and accurate support to external auditors (bank, financial statements and inventory appraisers) and to internal partners for insurance renewals. Provide executive-level support and insights into audit and insurance activities.
- Review components of borrowing base certificate related to inventory balances and reserves.
WHAT YOU'LL NEED
- BS degree in Accounting or Finance preferred
- 8+ years’ experience in inventory accounting areas in retail environment
- 4-6 years of supervisory experience or managing a team
- Oracle Retail Management (and Fusion) and Lawson experience a plus
- Advanced knowledge of MS Excel and Access
- Experience with inventory levels exceeding $100M with 500+ stores and high SKU count 300K+
