Senior Accountant - Inventory
About The Position
Design Within Reach is seeking an Inventory Senior Accountant to independently support and oversee key inventory accounting activities across multiple brands and locations. The role ensures the accuracy and integrity of inventory and cost of goods sold (COGS) financial results through GAAP-compliant transaction recording, financial analysis and reporting, general ledger reconciliations, and subsidiary ledger maintenance. The position reports to the Inventory Accounting Manager. The Senior Accountant analyzes inventory results and variances, identifies issues and trends, recommends corrective actions, and partners with the Finance Manager and Controller to improve inventory accounting processes and controls. The role also supports inventory counts across the US fleet of HM, DWR, Knoll, Outlet, and warehouse locations, and works with finance and operational stakeholders on inventory accuracy and process improvements.
Requirements
- BA/BS degree in Accounting, Finance, or a related field, or equivalent relevant experience.
- 3–5+ years of progressive accounting experience, including inventory or related accounting experience.
- Strong knowledge of US GAAP, inventory accounting, and SOX controls.
- Ability to independently analyze financial information, investigate variances, and resolve accounting issues.
- Ability to exercise judgment within established accounting policies and identify when issues require escalation.
- Experience partnering with cross-functional stakeholders to resolve accounting or operational issues.
- Strong Excel skills, including PivotTables and lookup functionality.
- Strong written and verbal communication skills.
- Ability to prioritize multiple responsibilities and meet deadlines in a fast-paced environment.
- Initiative and ability to work independently with limited day-to-day direction.
Nice To Haves
- NetSuite experience is highly preferred.
- Retail industry experience is preferred.
Responsibilities
- Own key elements of the monthly inventory accounting close, including reconciliations, journal entries, and accruals for inventory, COGS, inventory movements, shrinkage, and goods in transit.
- Maintain SOX-compliant inventory and COGS controls and processes; identify control gaps and recommend improvements.
- Analyze inventory and COGS variances, investigate discrepancies, and partner with the Finance Manager and Controller to resolve root causes.
- Review account activity for accuracy, completeness, and compliance with US GAAP and accounting policies.
- Research and resolve moderately complex inventory accounting issues, escalating significant or unusual matters when appropriate.
- Support internal and external audit requests related to inventory accounting and controls.
- Cross-train in other general ledger and accounts payable functions and serve as a resource to team members on inventory accounting processes.
- Coordinate and support physical inventory activities across multiple brands and locations, working with local teams to follow established procedures and controls.
- Prepare and analyze on-hand inventory reports and train employees to use them effectively.
- Perform and analyze weekly cycle counts, investigate variances, and identify recurring issues or trends.
- Train studio employees on physical inventory processes and provide guidance on inventory accounting and control requirements.
- Prepare and maintain inventory scheduling and training resources through Teams channels.
- Partner with Finance and operational stakeholders to identify opportunities to improve inventory accuracy, processes, and financial controls.
- Lead or participate in inventory accounting process-improvement initiatives and system enhancements.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
