Inventory Accountant, Senior

The Vitamin Shoppe • Secaucus, NJ

104d

About The Position

The Senior Inventory Accountant plays a critical role in ensuring the accuracy, integrity, and transparency of the company's inventory-related financial information. This position requires deep expertise in inventory accounting and strong analytical skills to support operational decision-making, margin analysis, and resource allocation. The Senior Inventory Accountant will be the subject-matter expert for inventory-related accounting matters and will partner cross-functionally to drive continuous improvement in inventory management and reporting processes.

Requirements

• Bachelor's Degree in Accounting or Finance required; Master's a plus.
• CPA or CPA candidate strongly preferred.
• 4-6 years of progressive accounting experience with a minimum of 3 years focused on inventory accounting.
• Strong understanding of inventory valuation methods (FIFO, LIFO, weighted average, standard cost, lower of cost or market, etc.), reserves, and shrink.
• Hands-on experience with cycle counts, physical inventories, and reconciliations.
• Proficiency with ERP systems and advanced Microsoft Excel (pivot tables, lookups, complex formulas).

Nice To Haves

• Exceptional attention to detail and accuracy, with a passion for maintaining clean ledgers.
• Strong problem-solving and analytical skills, with the ability to explain inventory results to both finance and non-finance stakeholders.
• Ability to thrive in a fast-paced environment, manage multiple priorities, and meet deadlines.
• Collaborative team player who can build strong partnerships across finance, operations, and supply chain.
• Demonstrated ability to translate data into insights and actionable recommendations for management.

Responsibilities

• Lead the preparation, reconciliation, and analysis of inventory balances, reserves, and adjustments to ensure accurate reporting.
• Analyze physical inventory results and collaborate with store managers and operations leaders to resolve discrepancies in a timely and accurate manner.
• Oversee physical inventory counts and cycle count programs, including planning, execution, and reconciliation.
• Post physical results to the perpetual inventory system, ensuring ledger integrity and compliance with GAAP.
• Maintain and monitor the accuracy of all inventory ledgers, sub-ledgers, and related accounts.
• Own the monthly close process for inventory accounts, including journal entries, account reconciliations, and reserve calculations.
• Prepare detailed variance, margin, and trend analysis to identify drivers of inventory performance and profitability.
• Support preparation of the monthly financial package, providing clear insights into inventory results and risks.
• Partner with FP&A and operational teams to integrate inventory data into budgeting, forecasting, and margin analysis.
• Develop and enhance internal controls and procedures related to inventory transactions and reporting.
• Partner with cross-functional teams (finance, supply chain, operations, IT) to improve processes, strengthen accuracy, and reduce variances.
• Lead inventory-related audit requests, ensuring compliance and providing documentation for internal and external auditors.
• Participate in special projects, system implementations, and process improvement initiatives to enhance efficiency and accuracy of inventory reporting.

What This Job Offers

• Industry: Health and Personal Care Retailers
• Education Level: Bachelor's degree