Assistant Controller

About Us:
Honeylove is a leading women’s shapewear brand known for its commitment to quality, comfort, and inclusivity. Our mission is to provide women with products that empower them to feel confident and beautiful in their own skin. We are seeking a highly skilled and detail-oriented Assistant Controller with experience in inventory management to join our growing finance team. The ideal candidate will have strong financial acumen, a passion for retail operations, and hands-on experience working with inventory processes in a fashion or apparel company.

Job Overview:
The Assistant Controller will support the Controller in managing the overall financial operations of the company, with a focus on inventory control and financial reporting. This role will require a deep understanding of inventory accounting, cost of goods sold (COGS), and financial analysis within the context of a fast-paced, fashion-focused business. The Assistant Controller will ensure accurate financial reporting, help streamline inventory processes, and assist with audits and month-end close.

Key Responsibilities:

• Inventory Management & Accounting:
• Oversee the accounting of inventory, ensuring accurate records of product costs, valuation, and reconciliation.
• Monitor and report on inventory levels, turnover rates, and any discrepancies or variances.
• Manage the calculation and reporting of Cost of Goods Sold (COGS) and assist with periodic physical inventory counts and cycle counts.
• Coordinate with the supply chain team to ensure accurate tracking and recording of inventory transactions (purchases, transfers, adjustments, etc.).
• Financial Reporting & Analysis:
• Prepare and review monthly, quarterly, and annual financial statements, with a focus on inventory-related accounts.
• Perform detailed analysis of inventory performance, highlighting opportunities for cost optimization and process improvements.
• Support the Controller in analyzing margin trends and providing insights into inventory valuation and related financial metrics.
• Month-End & Year-End Close:
• Assist in the monthly and year-end close processes, ensuring timely and accurate posting of inventory and related financial transactions.
• Review and approve journal entries, reconciliations, and month-end close processes.
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• Audit & Compliance:
• Assist with internal and external audits, ensuring that inventory processes and financial reporting meet regulatory standards and internal controls.
• Support the Controller in identifying and implementing improvements to internal controls and processes.
• Oversee local, state, and federal tax compliance, ensuring accurate filing of business, sales, and payroll tax returns.
• Reconcile payroll tax accounts and address discrepancies with tax authorities or payroll providers.
• Cross-Functional Collaboration:
• Work closely with the operations, logistics, and purchasing teams to align on inventory levels, product costs, and inventory management strategies.
• Partner with the merchandising and planning teams to ensure accurate inventory projections and reporting.
• Process Improvement:
• Continuously evaluate and recommend improvements to inventory tracking, reporting processes, and systems to increase efficiency and reduce errors.
• Help streamline systems related to the financial management of inventory (ERP systems, spreadsheets, etc.).

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field. CPA, CMA, or CGMA designation is highly preferred.
• 4-8 years of accounting experience, preferably in the apparel, fashion, or retail industry. At least 2 years in an Accounting Manager capacity.
• Strong knowledge of inventory management and accounting practices (FIFO, LIFO, standard costing, etc.).
• Experience with ERP systems (e.g., NetSuite, SAP, Microsoft Dynamics) and proficiency in Microsoft Excel.
• Excellent analytical and problem-solving skills with attention to detail.
• Strong communication skills, with the ability to collaborate cross-functionally and present financial information clearly.
• Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities.

Preferred Experience:

• Experience in a women's fashion or intimates brand.Familiarity with retail accounting processes, including markdowns, returns, and product lifecycle.
• Knowledge of retail pricing strategies and their impact on inventory valuation and profitability.
• Experience with inventory reconciliation, cycle counts, and physical inventory processes.
• Experience in payroll, state, and local taxes filings. 

Why Work With Us?
At Honeylove, we value creativity, innovation, and teamwork. Joining our team means contributing to a brand that celebrates women’s strength and individuality. We offer competitive compensation, benefits, and opportunities for growth in an exciting, fast-paced industry. If you are passionate about fashion, finance, and making a difference, we want to hear from you!