DescriptionRole Overview Delta Galil USA is seeking an experienced Inventory Accountantto join our Finance team. This role is responsible for ensuring the accuracy of inventory accounting, supporting month-end close, maintaining inventory reconciliations, and partnering with cross-functional teams to ensure the integrity of inventory transactions and financial reporting.
The ideal candidate is analytical, detail-oriented, and thrives in a fast-paced environment. This individual will work closely with Accounting, Supply Chain, Operations, and Production to support inventory accuracy, strengthen internal controls, and drive process improvements.
Responsibilities- Prepare inventory-related journal entries and participate in the monthly, quarterly, and year-end close processes.
- Reconcile inventory subledger to the general ledger and investigate discrepancies to ensure timely resolution.
- Analyze inventory transactions and monitor inventory variances, including purchase price variances, write-offs, shrinkage, and obsolescence.
- Prepare and maintain inventory reserve calculations, including excess and obsolete inventory reserves.
- Support physical inventory counts and cycle count programs by analyzing results and recording appropriate adjustments.
- Review inventory movement and costing to ensure accurate inventory valuation and cost of goods sold.
- Partner with Supply Chain, Operations, Distribution, and Purchasing teams to ensure inventory transactions are recorded accurately and timely.
- Assist with inventory accounting for new products, transfers, returns, and adjustments.
- Maintain and improve internal controls related to inventory accounting and inventory management processes.
- Prepare schedules and documentation for internal and external audits.
- Analyze inventory trends and provide financial insights to support business decisions.
- Identify opportunities to improve inventory accounting processes, reporting, and efficiencies.
Requirements- Bachelor's degree in Accounting, Finance, or a related field.
- Minimum of 5 years of accounting experience, with significant experience in inventory accounting
- Strong understanding of inventory accounting principles, including inventory valuation methods such as FIFO and standard costing.
- Experience working within an ERP system, preferably SAP.
- Advanced Microsoft Excel skills, including PivotTables, VLOOKUP/XLOOKUP, and data analysis.
- Strong analytical, organizational, and problem-solving skills with exceptional attention to detail.
- Ability to manage multiple priorities while meeting deadlines in a fast-paced environment.
- Excellent communication skills with the ability to collaborate effectively across departments.
- Experience in the apparel, consumer products, manufacturing, or wholesale industry is preferred.
This is a hybrid role, with 4 days in our NJ officePAY RATE: $80,000/yr-$90,000/yr At Delta Galil, we strive to hire and nurture amazing talent. Actual salaries will vary depending on factors including but not limited to experience, specialized skills, and internal alignment.
Company BenefitsAs a Delta Galil Associate, you'll be part of a global fashion company that values innovation, craftsmanship, and people. We're committed to offering comprehensive and competitive benefits that reflect our culture of care, creativity, and collaboration - but most importantly, benefits that fit you.
Our diverse range of programs is designed to support your total well-being - empowering you to make the best choices for yourself, your loved ones, and your lifestyle.
Below are a few of the benefits available to our Associates:
- Multi-brand merchandise discount, including Splendid, 7 For All Mankind, and PJ Salvage
- Comprehensive Health Coverage: Medical, Dental, and Vision Insurance, as well as Basic Life/Voluntary Life/Disability/Critical Illness
- Financial Wellness: 401(k) Retirement Program with Company match and 529 College Savings Plan, as well as Tax-Advantage Health & Transit Accounts
- Personal and sick time off, vacation time, floating days, and company-observed holidays
- Paid Volunteer Time Off to dedicate your skills and time towards charitable activities
- From weekly breakfasts and monthly milestone celebrations to leadership-led panels, and, team-building events, we offer plenty of fun ways to connect-both in person and virtually
