Inventory Management Specialist Lead
4 days ago
**Job Title:** Inventory Management Specialist Lead
Recruiting Resources, Inc. is seeking an experienced Inventory Management Specialist Lead to lead our supply chain function at their Los Angeles, CA headquarters. This role will oversee a team responsible for inventory reconciliations, variance analysis, and driving value creation initiatives within the supply chain.
The ideal candidate will have a strong understanding of inventory management, cost accounting principles, and supply chain operations. He or she should also have experience in reviewing and analyzing inventory data, including reconciliations and variance analysis.
This position requires strong analytical and problem-solving skills, with a focus on continuous improvement and value creation. The successful candidate will be able to translate financial insights into actionable business recommendations and drive process improvements across functions.
Responsibilities:
- Review inventory reconciliations between our ERP system and third-party Warehouse Management Systems (WMS) to ensure accuracy and alignment.
- Oversee inventory adjustments, including write-offs, and ensure compliance with our control framework.
- Partner with the Operations team to monitor Slow Moving and Obsolete Inventory (SLOB) and recommend actions to minimize business waste.
- Analyze consumption and purchase price variances, and conduct expected vs. actual costing analysis by SKU to identify cost-saving opportunities.
- Lead Transfer Price reconciliations related to the new Liquid IV plant at Jefferson City, ensuring accurate allocation and reporting of costs.
- Conduct gross margin variance analysis to identify key drivers impacting profitability and recommend corrective actions.
- Drive value creation initiatives within the supply chain, including sourcing optimization, cost reduction strategies, and savings monitoring.
- Collaborate cross-functionally with Operations, Procurement, and Finance teams to implement process improvements and cost-saving initiatives.
- Mentor and develop a team of finance professionals to enhance their skills and capabilities in supply chain finance.
Qualifications:
- Bachelor's degree in finance, Accounting, Supply Chain Management, or related field; MBA or advanced degree preferred.
- 7+ years of progressive experience in finance, with at least 3 years in a supply chain finance or related role.
- Strong understanding of inventory management, cost accounting principles, and supply chain operations.
- Experience in reviewing and analyzing inventory data, including reconciliations and variance analysis.
- Advanced proficiency in ERP systems (preferably Microsoft D365) and MS Excel for data analysis and reporting.
- Excellent analytical and problem-solving skills with a focus on continuous improvement and value creation.
- Proven leadership abilities with experience managing and developing a team.
- Strategic thinker with the ability to translate financial insights into actionable business recommendations.
- Strong communication and interpersonal skills to collaborate effectively across functions and levels of the organization.
Estimated Salary Range: $120,000 - $180,000 per year
We offer a competitive salary range of $120,000-$180,000 per year, commensurate with experience. If you are a motivated and results-driven professional looking to take your career to the next level, we encourage you to apply for this exciting opportunity.
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