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Inventory Accountant

2 months ago

Newport Beach, United States Lugano Diamonds Full time

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.

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