Inventory Accountant

3 months ago

Newport Beach, United States Lugano Diamonds Full time
Job DescriptionJob Description

About Us

Guided by our core values – The Lugano Way – our team embodies a proactive mindset that fuels our drive for success. We work with a people-first mentality and foster an environment of continuous learning and mutual growth. Our ultimate goal? To consistently find a path to YES and deliver remarkable in all we do. Through innovation, teamwork, and collaboration, we bring this to life. Join us in shaping a future of brilliance and endless possibilities.

About You

You have a strong background in inventory accounting and experience managing high-value, complex, customized inventory. You will play a critical role in managing and maintaining accurate inventory records, conducting regular reconciliations, and ensuring compliance with internal controls. Reporting to the CFO, you will collaborate with various departments, including operations, sales, and procurement, to ensure seamless inventory management and reporting.

What You Will Do

  • Manage monthly, quarterly, annual financial closing processes for complex, multifaceted, high-value goods.
  • Monitor inventory purchases and assist the production team with financial support and analysis. Prepare the purchases reconciliation at the end of each month.
  • Prepare the annual budget and develop labor /overhead rates on a semi-annual basis for the Workshop, our internal manufacturing unit.
  • Prepare and troubleshoot account variance analysis with a focus on inventory and cost accounting, gross margin, cost of goods sold, international and intercompany transactions.
  • Assist the Controller in managing the Company's SOX compliance program, including ensuring SOX compliance with the Accounting and IT department's processes.
  • Assist the Controller in managing the external audit/prepared by client schedules assigned to the accounting team for timeliness and accuracy.
  • Ensure timeliness, completeness, and accuracy of journal entries and balance sheet account reconciliations.
  • Perform additional accounting and analysis projects as required.

What You Will Bring

  • Strong understanding of manufacturing operations, inventory and cost accounting (luxury retail environment preferred).
  • Significant hands-on experience using a modern ERP system (NetSuite is a plus)
  • Advanced Excel skills, including the ability to analyze large datasets and perform complex calculations
  • Excellent attention to detail and organizational skills
  • Strong analytical and problem-solving abilities
  • Ability to work independently and collaboratively within a team environment
  • Excellent communication and interpersonal skills

Pay Transparency

Targeted base compensation is $110,000 plus annual bonus. The total compensation package is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.

Our Work Environment

Our workplace is clean, orderly, appropriately lighted and ventilated with the proper safety compliance. Noise levels are considered low and daily physical activities are considered light: office work, seldom lifting up to 25 pounds, bending, stooping, kneeling, or walking. Employees must have the stamina to work long hours if assigned. Hours and days of work may vary by position. Reasonable accommodation may be made to allow people with disabilities to perform the essential functions of their job within the environment.

Our Benefits

Lugano Diamonds is a fast-growing company with many opportunities for you to master your craft and grow your career. We are proud to offer employees a generous compensation package that includes commission and bonus plans for all employees, multi-option healthcare plans, 401k with match, and paid time off. Join the team and carve your own path to the future.

Being You at Lugano

Lugano is committed to creating a diverse work environment that recruits and rewards employees based on capabilities and performance. We are inclusive, celebrate our differences, and welcome a broad range of perspectives and ideas without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Join Our Team – Where People, Leadership, Innovation, and Passion come first.

CCPA disclosure notice here.

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