Inventory Accounting Director

2 months ago

Phoenix, Arizona, United States Southwest Accounting Resources, Inc Full time
Director of Inventory Accounting Job Description

Southwest Accounting Resources, Inc is seeking a highly skilled Director of Inventory Accounting to join our team. As a key member of our finance department, you will be responsible for overseeing the preparation, review, and analysis of inventory-related financial statements.

Key Responsibilities:
  • Financial Reporting: Ensure compliance with relevant accounting standards (such as GAAP) and regulatory requirements (SOX) for inventory valuation, cost of goods sold (COGS), and inventory reserves.
  • Inventory Control: Establish and maintain robust internal controls over inventory accounting processes, monitor and analyze inventory levels, movements, and costs to ensure accuracy, efficiency, and compliance.
  • Process Improvement: Continuously evaluate and enhance inventory accounting processes, systems, and controls, identify opportunities for automation, streamlining workflows, and improving data accuracy and integrity.
  • Collaboration: Collaborate with cross-functional teams to ensure effective coordination and communication regarding inventory-related matters, provide insights and recommendations to support inventory planning, forecasting, and decision-making.
  • Audit and Compliance: Coordinate and support internal and external audits related to inventory accounting, ensure compliance with accounting policies, procedures, and regulatory requirements.
  • Risk Management: Identify and mitigate risks associated with inventory accounting, such as inventory obsolescence, valuation issues, and shrinkage, implement controls and monitoring mechanisms to safeguard inventory assets and minimize financial risks.
  • Stakeholder Engagement: Communicate effectively with key stakeholders, present inventory accounting reports, findings, and insights in a clear and concise manner, provide guidance on inventory-related financial matters.
Qualifications:
  • Education: Bachelor's degree in accounting, finance, or a related field, CPA preferred.
  • Experience: 5-7+ years of leadership experience, preferably in the retail or consumer goods industry, proven track record of driving business growth and operational excellence.
  • Skills: Strong knowledge of accounting principles, financial reporting, and inventory valuation methods, thorough understanding of internal controls, compliance requirements, and accounting standards, proficiency in ERP systems and inventory management software.

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