Inventory Accountant

Truewerk•Denver, CO

6d•$95,000 - $115,000

About The Position

TRUEWERK is looking for a Inventory Accountant based in Denver, Colorado. This position is responsible for ensuring the accuracy and integrity of inventory records while overseeing the financial aspects of third-party logistics activities. This role resides within the accounting team and collaborates closely with Operations, Distribution, FP&A, IT, and external partners. The position manages key inventory accounting processes, internal controls, and reporting, actively contributing to enhancing data integrity, improving systems and workflows, and supporting strategic initiatives related to valuation and cost management. This role is ideal for a professional with a strong analytical mindset and meticulous attention to detail, who enjoys identifying, investigating, and resolving discrepancies. Success in this role necessitates excellent communication skills and the ability to work collaboratively across Operations, Finance, and with external partners to ensure timely resolutions and continuous improvements. Our perfect candidate will be enthusiastic about managing multiple priorities, meeting deadlines, and functioning effectively in a fast-paced environment while upholding accuracy and accountability.

Requirements

4+ years of progressive experience in inventory accounting, cost accounting, or supply chain finance, with direct responsibility for inventory valuation and reconciliations.
Strong working knowledge of costing and valuation methods (Average Cost, Standard Cost, FIFO) and their application in a multi-SKU environment.
Advanced ERP experience required (NetSuite, SAP, JDE, etc.), including oversight of inventory-related workflows, reconciliations, and reporting.
Advanced proficiency in Microsoft Excel / Google Sheets for complex reconciliations, variance analysis, and financial reporting.

Nice To Haves

Experience in apparel or outdoor industry working for a manufacturer or in similar fields with high SKU count, complex BOMs, seasonality, and landed cost considerations.
Comfortable collaborating with third-party logistics providers.
Experience supporting financial or inventory-related audits.
Proven track record in driving or supporting inventory, control, or system process improvements.
Familiarity with Power BI or similar business intelligence (reporting and dashboarding) tools.

Responsibilities

Take ownership of inventory accounting tasks, including valuation, reconciliations, variance analysis, and month-end closing.
Ensure that transactions (adjustments, transfers, returns, write-offs) are valid, well-supported, and accurately recorded.
Conduct regular reconciliations between NetSuite and 3PL data; promptly investigate and resolve discrepancies.
Review and validate product and landed costs through periodic reviews of BOM, freight, duties, tariffs, and consumption.
Collaborate with Operations and Distribution to address shrink, receiving issues, and variances; lead root-cause analysis and corrective actions.
Coordinate and supervise cycle counts and annual physical inventories.
Contribute to quarterly business reviews with 3PL partners with a focus on accuracy, compliance, and continuous improvement.
Manage inventory-related internal controls, including documentation, testing, and periodic self-assessment.
Identify control gaps and collaborate cross-functionally to enhance inventory handling, costing, and reporting controls.
Act as a key accounting contact for financial and inventory-related audits; support audit requests and resolution of findings.
Ensure adherence to GAAP and company inventory accounting policies.
Make sure that costs (freight, duties, tariffs, vendor costs, contract manufacturing costs) are recorded accurately and reflected in inventory and COGS.
Analyze cost variances, margin impacts, and cost changes; convey insights to Finance and Operations.
Validate landed cost allocations and cost rollups to ensure proper capitalization.
Collaborate with FP&A, Product, and Purchasing to evaluate cost changes and their downstream financial impact.
Support forecasting and budgeting by providing inventory and cost-related inputs.
Define, track, and report key metrics (e.g., inventory accuracy, shrink, aged inventory, cycle count results, fulfillment error rates).
Create dashboards and reporting packages for the accounting team and cross-functional partners regularly.
Identify trends, highlight risks and opportunities, and recommend corrective action plans to enhance financial and operational results.
Assess inventory workflows and collaborate with Operations and IT to enhance data integrity and streamline processes.
Act as the accounting liaison for NetSuite enhancements, testing, and system changes that impact inventory.
Develop, document, and maintain inventory accounting policies and procedures.
Provide training and support to stakeholders on inventory-related processes and policy updates.