Inventory Accounting Manager

Posted Yesterday
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Commerce, CA
115K-135K Annually
Mid level
Retail
The Role
Manage all aspects of inventory accounting, cost accounting, and inventory valuation for a large manufacturing entity. Responsible for accounting, reporting, and analysis related to inventories, gross margins, and standard costs. Collaborate with various departments to establish accurate standard costs and provide costing information on new and existing products for pricing strategies. Ensure inventories are properly valued and facilitate internal controls for inventory and COGS.
Summary Generated by Built In

WHY JOIN BELLA+CANVAS?

BELLA+CANVAS is the brand behind the T-Shirt movement. Headquartered in Los Angeles, we are the largest manufacturer of premium wholesale apparel in North America. Specializing in high quality, fashion-forward styles, we provide blank garments to decorators, promotional distributors, and brands all over the world.

At BELLA+CANVAS, we're all about providing a place where the entrepreneurial spirit thrives. It’s a collaborative environment where everyone has a voice and great ideas can come from anyone. We seek to ignite the BE DIFFERENT mentality throughout the organization. 

OVERVIEW

Manage all aspect of inventory accounting, cost accounting and inventory valuation for a large manufacturing entity. This would include responsibility for all monthly closing activity and margin analysis. An additional crucial aspect of the job will be to work with our Business Technology Solutions group on process/reporting improvements.

RESPONSIBILITIES  

  • Responsible for all accounting, reporting and analysis related to inventories, gross margins, and standard costs
  • Work with Product, Sourcing and Logistics departments to establish accurate standard costs for all product styles
  • Work closely with Sales leadership (both domestic and international) and Category Managers to provide costing information on new and existing products so that these teams can establish product pricing that achieves targeted margin metrics for both the product category and the Company overall
  • Continuously monitor inventory balances and report on inventory adjustments as well as cost of goods sold (COGS)
  • Prepare and/or review monthly journal entries related to inventory and COGS to record inventory movement, accruals for inventory in transit and amortization of capitalized variances
  • In conjunction with the monthly financial close, ensure that inventories are properly valued and appropriately reserved under US GAAP (including an evaluation of slow moving, excess and obsolete inventories), liabilities related to inventory purchases are properly stated, gross margins are accurate and any significant variances between budgeted and actual margins are investigated and explained to management
  • Prepare and/or review monthly reconciliations for all inventory related accounts across all global operating territories
  • Understand and document the Company's current end to end inventory processes
  • Act as primary finance liaison in physical inventory counts, review monthly cycle count results, and investigate variances as needed
  • Establish and maintain inventory and COGS related internal controls and assist in preparing inventory and COGS related information for both internal and external auditors
  • Monitor low margin, slow moving inv., and provide related financial reporting to relevant departments so that appropriate actions can be taken

QUALIFICATIONS

  • Minimum of 5 years of cost analysis experience in a complex manufacturing environment, preferably in the apparel industry
  • Bachelor’s degree in Finance or Accounting
  • Strong cost systems background
  • Excellent analytical skills
  • Sound understanding of accounting principals, including expertise in standard costing
  • Exceptional project management skills and presentation skills
  • Experience with implementing ERP systems that support manufacturing
  • CPA qualification preferred
  • Effective and professional communication skills
  • Challenge conventional practices and use creativity and information to lead, innovate, problem solve, and implement ideas to contribute to the growth of the organization
  • Collaborates with co-workers to achieve common goals

The base salary range for this position is $115,000-$135,000 per year which represents the current range for the base salary for this exempt position. Please note that actual salaries will vary based on factors including but not limited to location, experience, and performance. As such, on occasion and when applicable, there is the possibility that the final, agreed-upon base salary may be outside of the upper end of the range. Please also note the range listed is just one component of the company’s total rewards package for exempt employees. Other rewards may include performance bonuses, long term incentives, a PTO policy, and many other progressive benefits.

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The Company
HQ: Beverly Hills, CA
376 Employees
On-site Workplace
Year Founded: 1992

What We Do

BELLA+CANVAS is the brand behind the T-Shirt movement. Headquartered in Los Angeles, we are the largest manufacturers of wholesale apparel in the USA. Specializing in high quality, fashion-forward styles, we provide blank garments to decorators, promotional distributors and brands all over the world.

Founding partners Danny Harris and Marco DeGeorge have built a culture where the entrepreneurial spirit thrives. From manufacturing, to marketing, to design, each department embraces the company’s motto to BE DIFFERENT. We look for ways to inspire positive change for both the company and the planet, manufacturing in a socially and environmentally responsible way since day one. Daily yoga classes, a Zen garden and a workout facility help create a clear mind and creative environment for our team of movers and shakers.

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