Accounting Manager – Wholesale Inventory
RaceTrac•Atlanta, GA
•Hybrid
About The Position
The Wholesale Fuel Inventory Accounting Manager is responsible for overseeing the accounting, reconciliation, valuation, reporting, and control processes related to wholesale fuel inventory operations. This role ensures accurate financial reporting of fuel inventory, supports operational efficiency, maintains compliance with accounting standards and internal controls, and partners closely with supply, trading, logistics, and operations teams to manage inventory risk and performance.
Requirements
- Bachelor's degree from four-year College or University with a concentration in finance, accounting or related field of study
- 5+ years’ accounting experience; preferably fuel and/or inventory experience
- Strong understanding and working knowledge of US GAAP
- Advanced experience using MS Office Suite, particularly Excel
- Proficiency with ERP system (Workday) and Commodity Trading Risk Management system (RightAngle), nice to have.
- Bachelor's degree from four-year College or University with a concentration in finance, business, accounting or related field of study
- 3-5 years accounting experience
- 1-2 years supervisory experience
- Strong understanding and working knowledge of US GAAP
- Advanced experience using MS Office Suite, particularly Excel
- CPA is a plus
Nice To Haves
- Proficiency with ERP system (Workday) and Commodity Trading Risk Management system (RightAngle)
Responsibilities
- Manage all accounting activities related to wholesale fuel inventory, including: Inventory valuation, Cost accounting, Inventory movements, Gain/loss analysis, Shrink and over/short reconciliation
- Ensure timely and accurate month-end close processes for inventory accounting.
- Prepare and review journal entries, account reconciliations, and inventory reserve calculations.
- Maintain compliance with GAAP and Company accounting policies.
- Support preparation of financial statements and management reporting related to fuel inventory.
- Leads daily, weekly, and monthly reconciliation of: Terminal inventories, Pipeline movements, Exchange balances, Bulk plant inventories, In-transit fuel volumes
- Investigate inventory discrepancies and coordinate corrective actions with operations and supply teams.
- Develop and maintain strong internal controls over inventory accounting processes.
- Support internal and external audits related to inventory and fuel accounting.
- Partner with Supply & Trading, Logistics, Operations, Treasury, Tax, and Commercial teams.
- Provide financial analysis and insights related to fuel inventory positions and operational performance.
- Support forecasting and budgeting for inventory-related costs and working capital.
- Manage inventory accounting processes within ERP and fuel management systems.
- Identify opportunities to improve automation, reporting accuracy, and operational efficiency.
- Support implementation of new systems, integrations, and process enhancements.
- Develop KPI dashboards and inventory analytics tools.
- Lead and develop inventory accounting staff. Establish performance expectations and support professional development. Coordinate workload prioritization and cross-functional collaboration.
- Manages the day-to-day accounting tasks and responsibilities of the retail accounting team
- Reviews all margins and shrink data before approving the financial book schedules that are assigned to the Inventory Accounting department at month end
- Ensures RaceTrac accounting policies and practices are in accordance with current Generally Accepted Accounting Principles (GAAP). Monitors changes and assesses the impact to RaceTrac.
- Promotes communication and strong relationships between Inventory Accounting and other internal departments, such as: Category Management, Supply Chain, Marketing, Cash Management, Payment Systems, and Operations
- Helps to professionally develop Inventory Accounting team members
- Creates efficiencies for all tasks and processes used by the Inventory Accounting team
- Carries out ad hoc reports/assignments as needed
- Partners with Senior Manager in the development and maintenance of department wide plans, goals, and deadlines
- Develops and maintains strong working relationships with internal departments and outside vendors
- Supports special projects and workflow process improvements as needed.
- Promotes a compliant and professional team in alignment with RaceTrac’s core values and leadership qualities.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
