Title: Staff Accountant, Inventory
Salary Range: The anticipated base salary range for this position is $75,000 to $85,000 annually. Exact salary depends on several factors such as experience, skills, and budget.
What You’ll Be Responsible For:
The Staff Accountant will report to the Inventory Manager. The Staff Accountant will support the Operations teams by performing day-to-day inventory accounting functions and related accounting activities including month-end close and financial audit support (e.g., year-end audits). The Staff Accountant will work closely with other accounting team members, as well as IT and retail store personnel.
- Prepare journal entries and account reconciliations for areas such as inventory, accruals and prepaid accounts
- Process inventory adjustments in the subledger and review inventory adjustments processed by retail stores and warehouses to ensure proper support and approvals were obtained
- Reconcile 3rd party distribution center inventory balances to inventory subledger and investigate differences
- Monitor inventory balances for international retail stores in Teamworks to ensure all transactions are posted in AX and intercompany transactions balance
- Perform month end balance sheet account reconciliations and analyze account variances to prior periods
- Prepare rollforwards and verify accuracy of all monthly activity, including warehouse adjustments (i.e., cycle counts, damages, etc.)
- Work closely with distribution personnel to review invoices to ensure accurate recording / coding of distribution costs and ensure costs are appropriately accrued
- Provide support for analysis of inventory obsolescence reserves
- Coordinate physical inventory counts and support cycle counting procedures
- Generate reporting and analysis for inventory costing
- Work with business partners to ensure accurate and timely recognition of packaging and shipping costs
- Coordinate with FP&A team and related business partners to ensure corporate expense accruals are recorded accurately and in a timely manner
- Use analysis and research to ensure prepaid balances and related amortization expense is recorded properly and within established company guidelines
- Support our year-end financial audit
- Assist with special projects and research on an as needed basis
Qualifications/Experience We’re Looking For:
- Bachelor’s degree in accounting
- Two to three years of experience, with focus on inventory accounting/control
- Strong organizational skills and attention to detail
- Ability to perform critical analysis and thinking, prioritize and problem solve
- Ability to work under pressure and multitask with time sensitive constraints
- Excellent verbal and written communication skills
- Proactive individual who can work in a dynamic, fast-paced, and evolving environment
- Work effectively within the department and across departments
- Desire to identify and implement process improvement opportunities
- Prior experience working with Microsoft Dynamics AX, Teamworks and/or New Store preferred
- Strong background with Microsoft Excel particularly pivot tables, v-lookups, and sum-if functions
Benefits at Vince:
- Robust healthcare options for medical, dental, vision, flexible spending, and health savings account with employer funding
- 401(k) with employer match
- Generous paid time off plans for vacation, sick, and personal, volunteer time, as well as company holidays
- Hybrid and flexible work options available for roles that can be done remotely
- Clothing allowance & merchandise discounts
- $400 annual gym reimbursement
- Monthly data/phone stipend for eligible roles
- Mental health support tools and telehealth psychology and psychiatry
- Family and caregiving benefits including a competitive paid parental leave program as well as supplemental infertility coverage
- Life, accidental death & dismemberment, short-term disability, and long-term disability insurance
- Supplemental hospital indemnity, specified disease, and accident coverage
- Pre-tax commuter benefits including transit and parking
- Discounted pet, home & auto, and legal insurance
V Opco, LLC is an equal opportunity employer and does not discriminate against any applicant or employee because of race, color, religion, sex, sexual orientation, national origin, disability, genetic information, age, or military or veteran status or any other status protected by applicable federal, state or local law. V Opco, LLC also provides reasonable accommodation to qualified individuals with disabilities in accordance with applicable laws.