Inventory and Cost Staff Accountant

Overview

Key member of the Finance team focusing on Inventory and Cost accounting responsibilities which will include but not limited to: working directly with General Accounting, FP&A and Distribution Centers, preparing management reporting, performing the stock ledger to general ledger reconciliation in SAP, and performing the freight clearing accounts to ensure accurate global cost.

Responsibilities

Accounting

  • Key player in business changes that impact inventory and cost accounting
  • Global Reconciliation between the Inventory Stock Ledger and General Ledger
  • Key player in month end close and responsible for ensuring the close process is completed smoothly
  • Ensure in-transit inventory is properly reported and accounted for
  • Review and report results and reconcile variances
  • Day-to-day inventory accounting operations and work closely with cross-functional counterparts in our distribution centers and supply chain functions to develop and maintain policies and processes to handle new or existing transaction streams
  • Process various month-end journals applicable to inventory, revenue and COGS and prepare related month-end reconciliations
  • Analyze month end reports for variances to forecast and budget and follow up on unusual variances to ensure understanding
  • Support process flow initiatives conducted by Supply Chain and ensure that accurate accounting and valuation of inventory is maintained
  • Assist with year-end audits 
  • Assist with preparation of various audit and financial statement schedules 
  • Complete monthly flux analysis
  • Prepare physical inventory roll-back/ roll-forwards

Analysis, Inventory and Cost

  • Continuous research on new ways to improve the receipt and disbursement of merchandise and freight
  • Assist with creating, monitoring and reporting KPI’s for all aspects of inventory and cost accounting
  • Assist with merchandising/ planning partners in analyzing aging of inventory
  • Review cost reports, gross margin reporting and variance analysis
  • Inventory receipt tracking and analysis
  • Maintaining and validating the Style Cost Master report to ensure costing integrity
  • Test styles on a weekly basis and ensure that the system cost matches the cost on the style cost master/ODS
  • Partner with team to deliver accurate and timely actual costs data on all requests from customers both internal and external
  • Work with customer service to ensure proper coding in place for free of charge orders
  • Provide ad hoc analyses

Reporting

  • An understanding of finance and accounting pertaining to sales, inventory, COGS and margin analysis
  • Inventory, general ledger and/or supply chain support required 
  • Must have strong skills in understanding detail mapping and understanding transactional inventory process flows
  • Required to deep dive into details with minimal information provided
  • Ability to present results to the business partners
  • Perform special year end audit reports for external auditor document review

Cost Audit

  • Support and provide auditors with costing documents for annual audit.
  • Perform special year end audit reports for external auditor document review.
  • Process physical inventory adjustments where indicated.

Qualifications

  • Minimum of 5 - 7 years of experience in a retail, manufacturing, or consumer products environment.
  • For this position, ideal candidate should possess excellent communications skills and be able to demonstrate problem-solving and follow through capabilities
  • Proficient in Excel and Word
  • Strong written and verbal communication skills
  • Strong analytical skills
  • Detail-oriented in a high volume environment
  • Highly motivated self-starter with the ability to work with sense of urgency, accuracy, teamwork and cooperation
  • Experienced with Inventory systems a plus (SAP, Manhattan WMI, EPICOR systems)
  • Bachelor’s degree required
  • Available to travel 10% of the time
  • Excellent communication, interpersonal and presentation skills 
  • Ability to work in a fast-paced and dynamic environment
  • Strong interpersonal skills: works well as part of a cross-functional team
  • Required to work cross-functionally with other departments
  • Self-starter that takes the initiative to tackle issues and solve problems
  • Proven track record to drive and implement process improvements and maintain compliance on key business processes
  • Includes record retention, all individual filing, and Ad hoc projects
  • Additional items and/or Special projects as assigned
  • Procedures updates (ongoing updating and maintenance of all procedure manuals)


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