Inventory Accounting Analyst

BJ's Wholesale Club • Marlborough, MA

1d • $58,000 - $74,000 • Hybrid

About The Position

We are seeking a highly motivated Inventory Account Analyst to join our Shared Serivices Inventory Accounting team. This role is responsible for inventory cost and gross margin accounting across all retail sales channels. As a key business partner, you will collaborate with Merchandising, Logistics, Operations, and Accounts Payable to resolve costing discrepancies, enhance financial accuracy, and support operational improvements. The role is responsible for providing clear and effective communication to our Shared Service Inventory Accounting team [based in Bangalore, India], monitoring and evaluating the performance of the offshore team, implementing strategies to enhance productivity and accuracy, and fostering a culture of continuous improvement. This role will also assist with month-end close activities, account reconciliations, and system testing. Strong communication, collaboration, curiosity, and analytical abilities are essential.

Requirements

• Bachelor’s degree in Accounting or Finance preferred.
• 3–5 years of relevant experience, preferably in the retail or consumer goods industry.
• Strong accounting foundation with excellent analytical and problem‑solving skills.
• Curious mindset with the ability to identify issues and recommend solutions.
• Exceptional attention to detail and a high degree of accuracy.
• Strong written and verbal communication skills.
• Ability to manage multiple priorities in a fast‑paced environment.
• Experience working within or alongside a Shared Services model, preferred.
• Demonstrated ability to oversee offshore teams and manage service delivery expectations.
• Ability to work independently and collaboratively with cross‑functional teams.
• Proficiency in Microsoft Excel and Word; SAP experience is a plus.

Responsibilities

• Analyze weekly and monthly cost of goods sold (COGS), gross margin, and freight activity across all retail sales channels.
• Review pricing and “This Week/Last Week” (TW/LW) reporting prepared by the shared service team.
• Partner with Merchants, Logistics, Operations, and Accounts Payable to research and resolve costing discrepancies and margin inquiries.
• Support month-end close processes, including preparation of journal entries and account reconciliations.
• Assist with system testing, enhancements, and implementation of improvements.
• Collaborate with Accounts Payable to resolve invoicing discrepancies and payment issues.
• Ensure compliance with internal audit controls, documentation standards, and SOX requirements.
• Analyze and research U.S. Customs tariff payments and take necessary corrective action
• Support special projects and provide ad hoc reporting as needed.
• Collaborate with and oversee the team based in India to ensure seamless service delivery and operational efficiency.
• Provide leadership and guidance to the shared service team, fostering a culture of continuous improvement and high performance.
• Monitor and evaluate the performance of the shared service team, implementing strategies to enhance productivity and quality of service.
• Facilitate effective communication and collaboration between the team and other departments to ensure cohesive and integrated service delivery.

Benefits

• Weekly Pay: Get paid every week so that you can manage your money on your terms.
• Free BJ’s Memberships: Enjoy a complimentary The Club Card Membership, plus a free Supplemental Membership for someone in your household.
• Generous Paid Time Off: Take the time you need with vacation, personal, sick days, holidays, bereavement, and jury duty leave.
• Flexible and Affordable Health Benefits: Choose from three medical plans, and access optional dental, vision, Health Savings Account (HSA), and flexible spending account options to fit your lifestyle.
• 401(k) Retirement Savings Plan: Build your financial future with a company match (available to team members 18 and older).
• Employee Stock Purchase Plan: Accumulate funds through after-tax payroll deductions that can be used to purchase shares of BJ’s common stock at a 15% discount.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level