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Director Inventory Accounting

3 months ago

Phoenix, United States Sprouts Farmers Market Full time

Overview:

Sprouts Farmers Market is seeking an experienced Director of Inventory Accounting to oversee all aspects of inventory, cost and margin-related accounting functions. The Director of Inventory Accounting will lead the successful application and use of accounting policies, processes, systems and tools to strengthen inventory, cost and margin related financial reporting timeliness and accuracy as it relates to month end close and monthly and quarterly management reporting. This position is responsible for inventory related projects and representing the Accounting team through company initiatives and working with operations on process improvement and store inventory management procedures. This position is based at the Sprouts Support Office in Phoenix, Arizona and manages a team of approximately 3 FTE's.

Position reports into the Store Support Office in Phoenix , AZ

Flexible Hybrid Schedule

Essential Functions:
  • Review all period-end entries, account reconciliations, and account analyses as it relates to margin and inventory related accounts with appropriate internal control documentation and support when required.
  • Evaluate, develop, implement, and monitor accounting and operational policies and procedures for owned areas, with an emphasis on improving accuracy and timeliness, reducing risk and strengthening compliance; especially the reduction of manual, Excel-based activities
  • Continuously evaluate internal controls in response to changing systems/processes and work with department leadership and Controller to identify and implement necessary control changes.
  • Build and develop a talented and highly motivated team, including creating establishing and managing goals that are aligned with overall departmental and company objectives.
  • Work with cross-functional team leads and leadership to establish priorities, understand scope, define and refine requirements around cost and inventory accounting, inventory management and systems.
  • Maintain periodic store inventory count schedule with stores and third-party inventory service
  • Maintain relationship with inventory service vendors
  • Create and prepare inventory and margin analytics and reporting to assist operations in improving processes and margins
  • Perform testing to help assure accuracy of inventory costing
  • Assist operations in designing and implementing improvements in inventory management and costing
  • Manage accounting for supplier rebates to help assure that all rebates are properly recorded, classified and applied
  • Maintain support for and facilitate external audit for inventory related items
  • Evaluate the ability of existing processes to absorb anticipated volume growth and create improvements where needed to be able to support 5+ year growth plans.
  • Other projects as needed 

#LI-MS1

Knowledge, Skills, Abilities and Physical Requirements:
  • Ability to lead a team in a fast-paced and high-volume environment with emphasis on accuracy and timeliness.
  • Excellent written and verbal communication skills with all levels of the organization.
  • Exceptional analytical, problem identification and problem-solving skills.
  • Knowledge of inventory related accounting principles and practices and the analysis and reporting of financial data
  • Possess a strong understanding of retail operations and inventory accounting within a company with 25k+ sku's and over 400 stores.
  • Able to influence others when working across departments to achieve key objectives
  • Strong accounting principles knowledge with the initiative to remain current on accounting and other regulatory changes.
  • Excellent documentation skills, research and resolution skills, data analysis
  • Organized and extremely detail-oriented; ability to manage multiple projects and workstreams.
  • Holds self and others accountable for ensuring that results are achieved; seizes opportunities to produce results without direct supervision; takes action on items beyond formal job responsibility; sets high expectations
Benefits:

In addition to a rewarding career, Sprouts offers a comprehensive program to help support you and your family. These programs include:

  • Competitive pay
  • Sick time plan that you can use to support you or your immediate families health
  • Vacation accrual plan
  • Opportunities for career growth
  • 15% discount for you and one other family member in your household on all purchases made at Sprouts
  • Flexible schedules
  • Employee Assistance Program (EAP)
  • 401(K) Retirement savings plan with a generous company match
  • Company paid life insurance
  • Contests and appreciation events throughout the year full of prizes, food and fun

Eligibility requirements may apply for the following benefits:

  • Bonus based on company and/or individual performance
  • Affordable benefit coverage, including medical, dental and vision
  • Health Savings Account with company match
  • Pre-tax Flexible Spending Accounts for healthcare and dependent care
  • Company paid short-term disability coverage
  • Paid parental leave for both mothers and fathers
  • Paid holidays

Get Paid Every Day

Sprouts Farmers Market offers DailyPay - if you're hired as an eligible employee, you'll be able to transfer the money you've already earned at no extra cost, and get it the next business day, for free.  We offer DailyPay so you don't have to wait for payday to access the money you've already worked for. With DailyPay, you can see how much you've made every day and you can transfer your money any time before payday.

 You can learn more by visiting  .

Why Sprouts:

Grow with us

If you have a passion for inspiring people and a flair for fresh food, consider applying for a job at Sprouts With a focus on customer service, our neighborhood grocery stores offer high-quality, farm fresh produce, natural meats, plenty of scoop-your-own bulk goods and much more in a fun, friendly, old-fashioned farmer's market setting.  Come grow your career in healthy living with a fast-paced, rapidly growing company and teams that pride themselves on empowering others along their journey.

The above statements are intended to describe the general nature and level of the work being performed by people assigned to this work. This is not an exhaustive list of all duties, responsibilities, and requirements. Sprouts' management reserves the right to amend and change duties, responsibilities, and requirements to meet business and organizational needs as necessary.

Sprouts will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Fair Chance in Hiring Ordinance.

California Residents: We collect information in accordance with California law, please see here for more information.