Sr. Inventory Accountant

At Home Group•Coppell, TX

1d•Hybrid

About The Position

The Senior Inventory Accountant owns key inventory accounting and financial close activities, ensuring accurate inventory valuation and cost-of-goods-sold reporting in accordance with U.S. GAAP, internal controls, and company policies. The role analyzes complex inventory transactions and account fluctuations, resolves discrepancies, and supports improvements to inventory-related processes and systems. It works closely with Accounting, Merchandising, Distribution Centers, Retail Operations, Loss Prevention, Accounts Payable, Transportation, and IT in a fast-paced retail environment. The position is based at the Home Office in Coppell, Texas, with a hybrid schedule: onsite Tuesdays, Wednesdays, and Thursdays, and working from home Mondays and Fridays. The role also supports audits, physical inventory counts, financial close, and cross-functional process and system improvements.

Requirements

Five or more years of progressive accounting experience, including general ledger accounting, month-end close, account reconciliations, and inventory or cost accounting within an ERP environment.
Strong working knowledge of U.S. GAAP, inventory valuation, cost of goods sold, accruals, reserves, and internal controls.
Strong analytical skills and attention to detail, with the ability to work independently in a fast-paced environment.
Advanced Microsoft Excel skills, including pivot tables, lookup functions, complex formulas, and analysis of large data sets.
Ability to meet deadlines, manage multiple priorities, and collaborate across departments.
Self-motivated, results-oriented, and committed to supporting the company’s growth and success.
Must be able to remain stationary at a desktop workspace for extended periods and move about an office environment.

Nice To Haves

Bachelor’s degree in Accounting or a related field; equivalent experience will be considered.
Retail industry experience.
SAP experience.

Responsibilities

Prepare and reconcile inventory-related journal entries, accruals, reserves, and balance sheet accounts.
Reconcile inventory subledger activity to the general ledger, including JDA-to-SAP posting differences, and investigate and resolve system, timing, and transaction-level variances.
Calculate and validate inventory reserves, including Lower of Cost or Market (LOCM) and Sales Return Reserve, and perform quarterly lookbacks for audit support.
Calculate monthly partnership royalty accruals and prepare quarterly payment approvals based on contractual obligations and retail sales.
Analyze and reconcile Goods Receipt/Invoice Receipt activity weekly and monthly, researching and resolving discrepancies and aged items with cross-functional teams.
Perform monthly inventory and cost-of-goods-sold fluctuation analysis, identify unusual trends or discrepancies, and explain material balance-sheet and P&L movements.
Support quarterly and annual physical inventory counts and research and resolve variances with Loss Prevention, store, and distribution center teams.
Partner with distribution centers, merchandising, and marketing teams on new store openings, sourcing activities, and SKU changes.
Research complex inventory, costing, receiving, and financial-reporting discrepancies, determine root causes, and coordinate timely resolution.
Identify and implement process, reporting, control, and system improvements, including participation in user acceptance testing (UAT) and automation initiatives.
Support interim and year-end audits by preparing documentation and responding to auditor requests, while ensuring compliance with GAAP and company accounting policies.
Collaborate cross-functionally to support a timely and disciplined month-end and quarter-end close.
Assist in developing and documenting accounting processes and strengthening internal controls.
Provide timely and accurate accounting information to internal stakeholders.
Serve as a subject-matter resource for inventory accounting processes and guide team members and cross-functional business partners.