Senior Manager of Inventory Accounting

Job Title: Senior Manager of Inventory Accounting

Our Client, a pioneer in K–12 education and the technology sector since 2000 is building a dynamic and innovative team dedicated to driving success at the Company. As a Senior Manager of Inventory Accounting, you will have the opportunity to make a significant impact on our financial operations, contribute to our growth strategy, and advance your career in a supportive and collaborative environment.
 

Our client has grown rapidly, particularly over the past three years primarily based on its high quality instructional materials.

Our client is seeking a talented and experienced Senior Manager of Inventory Accounting to join their finance team and play a pivotal role in driving our success.

Position Overview: As the Senior Manager of Inventory Accounting, you will be responsible for overseeing all aspects of inventory accounting, cost analysis, and financial reporting related to our inventory operations. Reporting to the Controller, you will build and lead a team of skilled professionals and collaborate closely with cross-functional departments to ensure the accuracy, efficiency, and optimization of our inventory management processes.

Responsibilities:

·       Oversee the reconciliation of inventory ledgers on a monthly basis, ensuring accuracy and completeness.

·       Lead the month-end close process, including reviewing material and production variances, and reconciling inventory-related liabilities.

·       Establish and maintain internal controls on accounting processes.

·       Collaborate with internal stakeholders, including supply chain, logistics, and production teams, to streamline workflows and drive continuous improvement in inventory and cost accounting processes.

·       Strengthen end-to-end inventory processes and reporting.

·       Analyze inventory for potential excess and obsolete reserves.

·       Partner with operations teams to understand product costs, variance drivers, and optimize inventory management practices.

·       Train, supervise and develop a team of accounting professionals, providing guidance, coaching, and support to ensure their success and professional growth.

·       Develop and implement process improvements to improve efficiency.

·       Drive the use of data analytics tools to identify cost reduction opportunities and improve inventory forecasting accuracy.

·       Present analysis results and recommendations to senior management, supporting informed decision-making and strategic planning initiatives.

·       Support external audit processes, including providing necessary documentation and liaising with auditors as needed.

Qualifications:

·       Bachelor's degree in accounting or finance, CPA preferred.

·       Prior public accounting experience preferred.

·       Minimum of 8-12 years of progressive experience in inventory accounting or related roles.

·       Advanced knowledge of US GAAP, inventory valuation methods and cost accounting principles.

·       Proven leadership skills with experience building, managing and developing a team.

·       Ability to think strategically and drive process improvements to enhance efficiency and accuracy.

·       Excellent analytical and problem-solving skills, with meticulous attention to detail.

·       Effective communication and interpersonal skills, with the ability to collaborate cross-functionally and influence key stakeholders.

·       Ability to thrive in a fast-paced, dynamic environment and adapt to changing priorities.

Desired Skills:

·       Advanced proficiency in Microsoft Excel, Access, and data analytics tools such as Alteryx, Tableau and Power BI.

·       Proficiency with ERP systems, with experience in NetSuite or similar platforms preferred.

·       Knowledge of internal control best practices.

·       Passion for continuous learning and professional development.

Our client is building a dynamic and innovative team dedicated to driving success.  As a Senior Manager of Inventory Accounting, you will have the opportunity to make a significant impact on our financial operations, contribute to our growth strategy, and advance your career in a supportive and collaborative environment.

Location: Fully remote or option for hybrid in the NYC area. Occasionally in person meetings will occur throughout the year.

Compensation: 150-170k base plus Bonus and Equity