Inventory Accounting Manager

Found in: Resume Library US A2 - 3 weeks ago


Duluth Georgia, United States National Vision Full time
Job Description

This role manages a Staff Inventory Accountant, analyzes lab P&L, accounts for all retail inventory including reconciliations and amortizations, monthly analysis of inventory and other duties as assigned. This role is also a key liaison with other corporate functions such as Merchandising, Labs and Distribution Center.

What Would You Do? The Specifics.

Manages a direct report which includes reviewing and approving Journal entries or any monthly tasks completed by the direct report.

Reviews and approves Lab and DC’s P&L for accuracy and completeness.

Maintains and reviews Black Line matching to ensure no aging items are present.

Oversees the accuracy, valuation, and integrity of inventory records and transactions. This involves implementing and maintaining inventory accounting policies, procedures, and performing SOX controls to ensure compliance with regulatory requirements and company policies.

Ensures timely and accurate financial reporting related to inventory. This includes preparing and reviewing inventory-related financial statements, reconciliations, and variance analysis. Collaborating with the finance team to provide inventory-related information for external reporting purpose.

Conducts monthly forecasting of inventory reserves, which includes estimating and projecting the required provisions for potential inventory obsolescence, write-downs, or other adjustments.

Reviews store physical inventory results for accuracy and completeness.

Collaborates with other departments, such as labs, DC, store operations, and supply chain, to align inventory accounting practices with overall business objectives. Working closely with these teams to support inventory-related decision-making and resolve any discrepancies or issue.

Supports internal customers with ad hoc reports as requested.

Provides guidance and training to the inventory accounting team and other stakeholders on inventory accounting policies, procedures, and best practices. Develops the skills and knowledge of team members to ensure a high level of accuracy and compliance in inventory accounting.

Assists with Process improvement projects as assigned.

Participates in training classes for new store managers and provides them with inventory instructions, cheat sheets, and inventory procedures.


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