Inventory Accounting Manager - job 1 of 2
WHY JOIN ALO?
Mindful movement. It’s at the core of why we do what we do at Alo—it’s our calling. Because mindful movement in the studio leads to better living. It changes who yogis are off the mat, making their lives and their communities better. That’s the real meaning of studio-to-street: taking the consciousness from practice on the mat and putting it into practice in life.
OVERVIEW
Manage all aspect of inventory accounting, cost accounting and inventory valuation for a large manufacturing entity. This would include responsibility for all monthly closing activity and margin analysis. An additional crucial aspect of the job will be to work with our Business Technology Solutions group on process/reporting improvements.
RESPONSIBILITIES
- Responsible for all accounting, reporting and analysis related to inventories, gross margins, and standard costs
- Work with Product, Sourcing and Logistics departments to establish accurate standard costs for all product styles
- Work closely with Sales leadership (both domestic and international) and Category Managers to provide costing information on new and existing products so that these teams can establish product pricing that achieves targeted margin metrics for both the product category and the Company overall
- Continuously monitor inventory balances and report on inventory adjustments as well as cost of goods sold (COGS)
- Prepare and/or review monthly journal entries related to inventory and COGS to record inventory movement, accruals for inventory in transit and amortization of capitalized variances
- In conjunction with the monthly financial close, ensure that inventories are properly valued and appropriately reserved under US GAAP (including an evaluation of slow moving, excess and obsolete inventories), 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/or review monthly reconciliations for all inventory related accounts across all global operating territories
- Understand and document the Company's current end to end inventory processes
- Act as 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 inventory and COGS related information for both internal and external auditors
- Monitor low margin, slow moving inv., and provide related financial reporting to relevant departments so that appropriate actions can be taken
QUALIFICATIONS
- Minimum of 5 years of cost analysis experience in a complex manufacturing environment, preferably in the apparel industry
- Bachelor’s degree in Finance or Accounting
- Strong cost systems background
- Excellent analytical skills
- Sound understanding of accounting principals, including expertise in standard costing
- Exceptional project management skills and presentation skills
- Experience with implementing ERP systems that support manufacturing
- CPA qualification preferred
- Effective and professional communication skills
- Challenge conventional practices and use creativity and information to lead, innovate, problem solve, and implement ideas to contribute to the growth of the organization
- Collaborates with co-workers to achieve common goals
The base salary range for this position is $140,000-$160,000 per year which represents the current range for the base salary for this exempt position. Please note that actual salaries will vary based on factors including but not limited to location, experience, and performance. As such, on occasion and when applicable, there is the possibility that the final, agreed-upon base salary may be outside of the upper end of the range. Please also note the range listed is just one component of the company’s total rewards package for exempt employees. Other rewards may include performance bonuses, long term incentives, a PTO policy, and many other progressive benefits.
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Alo is seeking an experienced Inventory Accounting Manager to join our dynamic team in Commerce, California. If you’re passionate about mindful movement and want to contribute to an environment that inspires better living, this role is perfect for you! In this position, you will oversee all aspects of inventory accounting, including cost accounting and inventory valuation for our growing manufacturing entity. You'll be hands-on with all monthly closing activities while conducting detailed margin analyses. Collaborating closely with our Business Technology Solutions group will allow you to significantly improve our reporting processes. You'll be responsible for accounting, reporting, and analysis related to inventories and gross margins. You will partner with our Product, Sourcing, and Logistics departments to accurately establish standard costs for our various product styles. Your insights will guide our Sales leadership in setting strategic pricing that meets our margin objectives. Monitoring inventory balances, preparing journal entries related to inventory movements, and ensuring compliance with US GAAP standards are just some of the key responsibilities you’ll embrace. Your expertise in cost analysis, combined with your strong quantitative skills, will enable you to support proactive inventory management. If you’re ready to lead innovative practices in an organization that values creativity and teamwork, we want you on our team at Alo!
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Spreading mindful movement, inspiring wellness and creating community. These goals inspire everything we do at Alo. We are relentless about making the best yoga clothing in the world explicitly to inspire yogis (and yogis to be) to have more yog...
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