Job Description
Title: Manager, Inventory
Location: Remote (USA)
CRAFT MEETS COMFORT. At Resident, we believe your living space shouldn’t just look good, it should feel good. That’s why we’ve created a house of brands that focuses on quality materials, timeless style, and most importantly, comfort. Our current brands include the award-winning Nectar, DreamCloud, Awara, and Siena products and we continue to invest in new categories to broaden our offering and address our customer’s needs.
Since our inception in 2017, Resident has become one of the fastest-growing, scaled, and profitable omnichannel retailers in North America. We are a disruptor in the broader home furnishings category underpinned by deep and proven expertise in data science & analytics, performance marketing, and e-commerce technology. As our business continues to grow, we are focused on building world-class retail, finance, operations, logistics, data science, performance marketing, and customer success-driven teams that thrive in a modern work environment.
At Resident, our staff is dedicated to the values of Excellence, Customer Love, Big Thinking, Inclusivity, and Forward Momentum.
This is a fully remote position. To be considered for this opportunity you must reside within and have the right to work within the United States
About the Role:
In this newly created position on our Accounting Team, the Manager, Inventory will report into the Director of Accounting Operations and take full ownership of all Inventory Accounting responsibilities in a fast paced and growing ecommerce and retail business. In this leadership role, you will have full oversight of all Inventory Accounting with the support of a Sr. Accountant, Inventory.
Key Responsibilities:
- Account for inventory under US GAAP and in accordance with company accounting policies
- Review monthly inventory-related journal entries
- Review monthly inventory-related balance sheet account reconciliations
- Perform flux analysis on respective balance sheet and P&L accounts
- Execute completion of all month/quarter/annual close processes timely and in adherence to close calendar
- Ensure stock ledger is reconciled to 3PL reporting weekly, at a minimum
- Collaborate with Technical Accounting on appropriate accounting for inventory transactions
- Partner with FP&A on budget/forecast and close results
- Partner with Supply Chain/Ops on developing/revising processes and policies, creating budgets/forecasts, and providing/understanding actual results, etc.
- Understand and observe physical inventory processes and counts
- Perform inventory analysis to determine appropriate reserve and methodologies for shrink and excess/obsolete/slow-moving inventory
- Design, document, implement, and execute internal controls to ensure inventory transactions and balances are accurately reported
- Perform analysis and provide insight into account balance details and drivers of change, particularly around COGS
- Support external audit by providing timely and accurate support schedules as requested
- Continuous evaluation and identification of process improvements
- Cultivate strong partnerships with Accounting, Finance, Supply Chain/Ops, and other functions
- Mentor and develop junior staff members
- Conduct ad-hoc analysis and tasks as requested
- Handle special projects related to technology, systems, automation, new initiatives, or other requests
Skills/Competencies:
- Ability to work in ambiguous, unstructured, fast-paced and dynamic environment
- Accountable to content of work product and meeting deadlines
- Ability to multi-task with strong sense of urgency
- Excellent verbal and written communication skills
- Possess agility and ability to prioritize
- Collaborative with others at all levels within and outside Finance
- Self-motivated, proactive, and inquisitive
- Ability to work independently without a lot of guidance
- Strong organization skills and attention to detail
- Excellent work ethic
- Results-oriented
- Ability to turn a thought into execution
- Process mindset with continuous improvement mentality
- Analytical and problem-solving skills
- Experience with developing, implementing, and executing effective internal controls
- Comfortable with change and quick learner of new skills, processes, tools, and accounting concepts
- Strong computer skills, including proficiency in Excel (pivot tables, lookups, etc.)
Qualifications:
- Bachelor’s or Master’s degree in Accounting from an accredited university
- CPA (or path to it) required; MBA a plus
- 7+ years of work experience in an Accounting role
- Inventory accounting experience required
- Retail and/or e-commerce experience a plus
- Knowledge of US GAAP and internal controls
- Big 4 and or public company experience preferred
- NetSuite experience a plus
