Cost Staff Accountant

LOVESAC COMPANY•Stamford, CT

5d•$70,000 - $80,000•Remote

About The Position

As our Cost Staff Accountant, you are responsible for supporting the timely completion of monthly close activities related to Cost Accounting. This includes preparation of journal entries, Cost Accounting reconciliations, gathering audit requests, and assisting with lease administration and cross functional projects as needed. This position is remote and will report into Lovesac Corporate HUB based in Stamford, CT. Candidates must fully reside in the United States at all times during employment and should have the ability to travel as needed.

Requirements

Minimum of 2-4 years of experience in cost accounting preferably with a retailer who also manufactures their own brands.
Experience working with a public company, preferred.
Understanding of manufacturing environments and related financial and cost accounting processes
Working knowledge of supply chain operations, inventory flow, inventory valuation, and manufacturing principles
Strong analytical skills with the ability to quickly learn new systems, analyze transactional level data, and clearly communicate insights
Proven problem solving ability, including identifying root causes, evaluating options, and recommending or implementing solutions
Experience analyzing detailed data within an ERP system and presenting key findings to management
Software requirements – Microsoft Office, Advanced Excel Skills
Exemplify each of our Lovesac values, at all times, be results driven and utilize knowledge to meet or exceed key performance indicators (KPIs), goals and deadlines.
Must be able to travel using various forms of transportation, as required by the Company in its sole discretion, for mandatory meetings and conferences held either at our offices or offsite (i.e. quarterly team connection weeks, companywide meetings and events, vendor visits).
Must comply with all policies and procedures outlined in the Lovesac Employee Handbook and work collaboratively with fellow employees, treating all clients, both internal and external with dignity and respect at all times.

Responsibilities

Support month end close activities related to cost accounting, including recording and reviewing accruals and allocations for freight, warehouse expenses, obsolete inventory, warranty reserves, sales returns, and cost of merchandise sold
Prepare balance sheet account reconciliations and provide analytical commentary on budget to actual variances, with a focus on cost of merchandise and inventory
Partner with Inventory Control to maintain accurate costing in NetSuite, reconcile physical inventory counts, and review, process, and post validated inventory adjustments
Assist with inventory cycle counts and physical inventory processes, identifying variances and opportunities for improvement
Prepare routine and ad hoc cost analysis, accounting schedules, and variance reporting to support internal management and external reporting requirements
Analyze key cost drivers, including purchase price variances, invoice to PO variances, cost revaluations, and work order variances. Collaborate cross functionally with Supply Chain and Inventory Control to resolve SKU level costing issues and support initiatives impacting inventory and cost of merchandise sold
Participate in ERP, manufacturing system, and warehouse management system implementations and upgrades as needed
Support external audits, including quarterly reviews, year end audits, bank audits, and inventory appraisals related to sales and inventory valuation
Maintain SOX documentation and assist with internal controls testing, including updating cost accounting controls, processes, and procedures
Support special projects and ad hoc reporting requests as assigned
Assist with lease administration tasks as needed
Perform any other reasonable duties for this role as requested by management.

Benefits

Financial Benefits: Annual Bonus Program, Annual and Inaugural Grant Equity Awards, 401K Matching Contribution, Financial Wellness Tools.
Health and Wellness Benefits: Medical, Dental, Vision, Health Savings and Flexible Spending Accounts, Paid Parental Leave, Life/AD&D, Short Term and Long-Term Disability, Critical Illness and Accident Insurance, Employee Assistance Program.
Paid Time Off: Up to 160 hours of paid time off within our fiscal calendar year, prorated from date of hire, 8 paid company recognized holidays.
Pet Insurance and generous Associate Discounts.
Eligibility and terms for all benefits listed are as outlined in Lovesac’s policy and plan documents.
Associate pay will vary based on factors such as qualifications, experience, skill level and competencies.
Lovesac is an Equal Opportunity Employer and considers all applicants for employment without regard to race, color, religious creed, ancestry, national origin, ethnicity, religion, sex, sexual orientation, gender (including gender-related identity, gender nonconformity),, pregnancy, age, national origin, marital status, physical or mental disability, military status, genetic information or any other characteristic protected by applicable law.
Non-New York City Applicants Only: To the extent permitted by law, conditional offers of employment will be contingent upon successful completion of a background check, including but not limited to education verification, employment history verification, reference checks, criminal history and motor vehicle history (if vehicle required). All qualified applicants with criminal histories will be considered in accordance with applicable local, state, and federal law.
Lovesac participates in E-Verify as required by law.
Immigration sponsorship is not available for this role.
Lovesac is committed to the principles of equal employment opportunity and providing reasonable accommodations to candidates with disabilities. If you need an accommodation during the application process, please reach out to us at: [email protected].