Sr. Manager, Cost Accounting

Vuori•Carlsbad, CA

2d•$150,000 - $175,000

About The Position

Vuori is looking for a Senior Manager, Cost Accounting to lead and manage all aspects of inventory cost accounting (moving average cost and purchase price variance accounting & analysis (including cost, freight and duty)), and inventory accounting & reconciliation (including inventory valuation, monthly journal entries related to inventory and cost of sales to record inventory movement, accruals for inventory in transit and amortization of capitalized variances). Additionally, this role will provide strategic insights to optimize Vuori’s operational efficiency and profitability. Vuori is a fast-growing business with opportunities to build and enhance processes for scale. As a result, this role will require an enthusiastic, outgoing, and detail-oriented team player who has strong experience in large retail/DTC businesses to draw from and apply to new and existing processes. This role will be a key player in continuing to build a strong and scalable cost accounting framework at Vuori. This role will report to the VP, Accounting, and will oversee one cost accountant. This role will regularly support and interact with our sourcing, operations, planning, logistics, and inventory control teams.

Requirements

Bachelor’s degree in finance, accounting, or related field or equivalent years of experience preferred.
10+ years of progressive work experience in inventory and cost accounting, preferably in the retail or apparel industry.
Strong knowledge of inventory cost accounting principles, inventory accounting, margin analysis, and US GAAP.
Excellent communication and presentation skills, with the ability to convey complex financial concepts to non-financial stakeholders.
A strong ability to create new processes or data insights from raw data or high-volume data in a concise, consistent, and summarized way.
Strategic mindset with a focus on driving business outcomes and delivering actionable insights.
4+ years of progressive leadership experience, including the ability to motivate and develop a high-performing team in a fast-paced environment.
Strong analytical skills – Advanced analysis and excel skills, and familiarity using and extracting data from various systems.
Flexible team player that enjoys hands on responsibilities, with an ability to be proactive and self-starter.
Ability to thrive in a dynamic, fast-paced, high-volume environment and adapt to changing priorities and business needs.

Nice To Haves

Experience with D365 ERP is a plus.

Responsibilities

Cost Analysis and Reporting Monitor, analyze and report on product costs, including changes in moving average costs, landed cost variances, and master data discrepancies.
Oversee moving average cost calculations as well as ensuring inventory movements and costs are appropriately monitored and accurately captured.
Monitor purchase price variances (cost, freight, duty, etc.), perform research, corrective actions, and provide fluctuation analysis.
Provide day-to-day costing support to product, sourcing, planning, logistics and finance teams.
Assist in costing reviews for new style/season set ups, including analyzing costs and recommending & executing updates to the moving average cost templates.
Accounting Develop, document and maintain cost accounting systems, processes, controls and procedures to ensure accuracy and compliance with accounting standards and best-in-class internal control environments.
Manage all aspects of the monthly close process for global inventory across multiple entities including preparing various inventory and cost-related journal entries, completing corresponding account reconciliations, and providing cost of goods sold and inventory analysis & reporting.
Continuously monitor perpetual inventory balances, cost of goods sold, and inventory adjustments.
Partner with the Inventory Control team to prepare and present regular inventory valuation and aging reporting, partnering in identification and proper valuation of risk in inventory levels or aging (slow moving, excess, obsolescence and shrink).
Prepare and/or review journal entries and account reconciliations to ensure inventory is properly valued in the company’s financials.
Work with external auditors by providing audit support and analysis as it relates to costing and inventory
Prepare and/or review monthly reconciliations for all inventory related accounts across all global operating territories.
Financial Analysis Collaborate with cross-functional teams to provide insight into actual cost trends to inform annual budgets and forecasts.
Monitor actual performance against budgeted and forecasted costs for initial gross margin and landed cost assumptions.
Identify and communicate variances, investigating root causes, and proposing corrective actions as needed.