Inventory Accountant
About The Position
Delta Galil USA is seeking an experienced Inventory Accountant to join our Finance team. This role is responsible for ensuring the accuracy of inventory accounting, supporting month-end close, maintaining inventory reconciliations, and partnering with cross-functional teams to ensure the integrity of inventory transactions and financial reporting. The ideal candidate is analytical, detail-oriented, and thrives in a fast-paced environment. This individual will work closely with Accounting, Supply Chain, Operations, and Production to support inventory accuracy, strengthen internal controls, and drive process improvements.
Requirements
- Bachelor's degree in Accounting, Finance, or a related field.
- Minimum of 5 years of accounting experience, with significant experience in inventory accounting
- Strong understanding of inventory accounting principles, including inventory valuation methods such as FIFO and standard costing.
- Experience working within an ERP system, preferably SAP.
- Advanced Microsoft Excel skills, including PivotTables, VLOOKUP/XLOOKUP, and data analysis.
- Strong analytical, organizational, and problem-solving skills with exceptional attention to detail.
- Ability to manage multiple priorities while meeting deadlines in a fast-paced environment.
- Excellent communication skills with the ability to collaborate effectively across departments.
- Experience in the apparel, consumer products, manufacturing, or wholesale industry is preferred.
Responsibilities
- Prepare inventory-related journal entries and participate in the monthly, quarterly, and year-end close processes.
- Reconcile inventory subledger to the general ledger and investigate discrepancies to ensure timely resolution.
- Analyze inventory transactions and monitor inventory variances, including purchase price variances, write-offs, shrinkage, and obsolescence.
- Prepare and maintain inventory reserve calculations, including excess and obsolete inventory reserves.
- Support physical inventory counts and cycle count programs by analyzing results and recording appropriate adjustments.
- Review inventory movement and costing to ensure accurate inventory valuation and cost of goods sold.
- Partner with Supply Chain, Operations, Distribution, and Purchasing teams to ensure inventory transactions are recorded accurately and timely.
- Assist with inventory accounting for new products, transfers, returns, and adjustments.
- Maintain and improve internal controls related to inventory accounting and inventory management processes.
- Prepare schedules and documentation for internal and external audits.
- Analyze inventory trends and provide financial insights to support business decisions.
- Identify opportunities to improve inventory accounting processes, reporting, and efficiencies.
Benefits
- Multi-brand merchandise discount, including Splendid, 7 For All Mankind, and PJ Salvage
- Comprehensive Health Coverage: Medical, Dental, and Vision Insurance, as well as Basic Life/Voluntary Life/Disability/Critical Illness
- Financial Wellness: 401(k) Retirement Program with Company match and 529 College Savings Plan, as well as Tax-Advantage Health & Transit Accounts
- Personal and sick time off, vacation time, floating days, and company-observed holidays
- Paid Volunteer Time Off to dedicate your skills and time towards charitable activities
- Weekly breakfasts and monthly milestone celebrations
- Leadership-led panels
- Team-building events
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
