Senior Accountant - Inventory

POSITION PROFILE

Design Within Reach is looking for an Inventory Senior Accountant to join our team. You'll independently support and oversee key inventory accounting activities across multiple brands and locations, ensuring the accuracy and integrity of inventory and cost of goods sold financial results. You'll be responsible for the accurate recording of financial transactions in accordance with GAAP, including preparation and analysis of financial information and reports, reconciliation of general ledger accounts, and maintenance of subsidiary ledgers.

You will analyze inventory results and variances, identify issues and trends, recommend corrective actions, and partner with Finance Manager and Controller to strengthen inventory accounting processes and controls. You will support inventory counts across our US fleet of HM, DWR, Knoll, Outlet and warehouse locations and report to the Inventory Accounting Manager.

Financial Controls and Accounting

• Own key elements of the monthly inventory accounting close process, including reconciliations, journal entries and accruals for inventory, COGS, inventory movements, shrinkage and goods in transit.
• Maintain SOX-compliant controls and processes for inventory and COGS, identify control gaps and recommend process or control improvements.
• Analyze inventory and COGS variances, investigate discrepancies and partner with Finance Manager and Controller to resolve root causes.
• Review account activity for accuracy, completeness and compliance with US GAAP and established accounting policies.
• Research and resolve moderately complex inventory accounting issues, escalating significant or unusual matters as appropriate.
• Support internal and external audit requests related to inventory accounting and controls.
• Cross-train in other general ledger and accounts payable functions and serve as a resource to team members on inventory accounting processes.

Inventory Operations

• Coordinate and support physical inventory activities across multiple brands and locations, partnering with local teams to ensure adherence to established procedures and controls.
• Prepare and analyze on-hand inventory reports and train employees on their effective use.
• Perform and analyze the results of weekly cycle counts, investigating variances and identifying recurring issues or trends.
• Train studio employees on physical inventory processes and provide guidance on inventory accounting and control requirements.
• Prepare and maintain inventory scheduling and training resources through Teams channels.
• Partner with Finance and operational stakeholders to identify opportunities to improve inventory accuracy, processes and financial controls.
• Lead or participate in inventory accounting process-improvement initiatives and system enhancements.

Qualifications

• BA/BS degree in Accounting, Finance or related field, or equivalent relevant experience.
• 3–5+ years of progressive accounting experience, including inventory or related accounting experience.
• Strong knowledge of US GAAP, inventory accounting and SOX controls.
• Demonstrated ability to independently analyze financial information, investigate variances and resolve accounting issues.
• Ability to exercise judgment within established accounting policies and identify when issues require escalation.
• Experience partnering with cross-functional stakeholders to resolve accounting or operational issues.
• Strong Excel skills, including PivotTables and lookup functionality.
• NetSuite experience highly preferred.
• Retail industry experience preferred.
• Strong written and verbal communication skills.
• Ability to prioritize multiple responsibilities and meet deadlines in a fast-paced environment.
• Demonstrated initiative and ability to work independently with limited day-to-day direction.