About the RoleThe
Inventory Accounting Manager is responsible for the integrity of the inventory financial data for a large division of the Company. This role oversees the end-to-end accounting for inventory, cost of goods sold, and margin analysis. You will be the primary subject matter expert on US GAAP compliance regarding inventory valuation, ensuring that global operating territories for the division are reconciled and that variances are analyzed to drive business profitability. This is a hands-on people manager role: you'll both manage and coach the team and be directly involved in complex investigations, reconciliations, and escalations.
What You'll Do:- Responsible for all accounting, reporting, and analysis related to inventories, gross margins, and standard costs.
- Prepare and review monthly journal entries related to inventory and COGS, including recording inventory movement, accruals for inventory in transit, and the capitalization of freight and tariffs.
- Ensure inventories are properly valued and appropriately reserved under US GAAP (including evaluations for slow-moving, excess, and obsolete stock) in conjunction with the monthly financial close.
- Ensure liabilities related to inventory purchases are properly stated, gross margins are accurate, and any significant variances between budgeted and actual margins are investigated and explained to management.
- Prepare and review monthly reconciliations for all inventory-related accounts across all global operating territories.
- Identify and analyze key cost drivers of variances between standard and actual costs and take proactive action to improve cost accuracy.
- Partner with Product and Sales Managers to establish and maintain accurate standard product costs.
- Develop and deliver reporting that provides clear visibility into major cost components, such as product, duty, and freight, to enable informed business decisions.
- Understand and document the division's current end-to-end inventory processes to ensure operational transparency.
- Build and manage a strong set of internal controls for our new division. You will lead the effort to create SOX-compliant processes from scratch to make sure our financial reporting is accurate and is compliant.
- Act as the primary finance liaison in physical inventory counts, review monthly cycle count results, and investigate variances as needed.
- Establish and maintain inventory and COGS-related internal controls and assist in preparing necessary documentation for internal and external auditors.
- Work with IT to automate accounting processes and assist with cost testing required for ERP patches, fixes, or system issues.
What You Bring:- Bachelor's degree in Accounting with a minimum of 7 years of experience in revenue accounting including 2+ years in a supervisory role.
- Good communication skills and someone capable of working on their own. Someone that pays a great deal of attention to detail.
- Essential application proficiency in: SAP and other systems
ZT Systems assesses market data to ensure a competitive compensation package is created for all our employees. The typical base salary for this position is expected to be between $118,125 and $160,000 per year. If hired, the final base salary will be determined on an individual basis taking into consideration experience, skills, knowledge, education and/or certifications.
Base salary is just one component of ZT Systems total rewards philosophy. We take pride in offering a wide range of benefits and perks that appeal to the variety of needs across our diverse employee base. Other rewards may include bonus, paid time off, generous 401k match, tuition reimbursement, wellbeing resources, and more.
We are dedicated to building a diverse, inclusive, and authentic workplace, so if you're excited about this opportunity but your experience doesn't align perfectly with every qualification in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles.
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