Inventory Cost Accounting Manager

Job Summary

The Inventory Cost Accounting Manager is responsible for overseeing the accurate recording and analysis of inventory costs within the organization. This role requires a detail-oriented and analytical individual who can manage complex inventory systems, ensure compliance with accounting standards, and provide strategic insights to improve financial performance.

Responsibilities

• Inventory Cost Management: Oversee the accurate recording of inventory transactions, including purchases, transfers, adjustments, and disposals. Ensure that inventory costs are allocated correctly and reflect the true cost of goods sold.
• Cost Analysis and Reporting: Prepare detailed cost analysis reports and financial statements related to inventory. Identify opportunities and provide recommendations for process improvements to reduce inventory time to complete and increase accuracy.
• Compliance and Auditing: Ensure compliance with Generally Accepted Accounting Principles (GAAP) and other relevant regulations. Coordinate and manage internal and external audits related to inventory accounting.
• Inventory Valuation: Conduct regular inventory valuation and reconciliation processes. Monitor inventory levels and assess the impact of inventory fluctuations on financial performance.
• Inventory reserve calculations and analysis, collaborate with supply chain on items to reserve.
• Collaboration: Work closely with the supply chain and operations team to ensure accurate inventory tracking and costing. Provide financial insights and support to cross-functional teams.
• Oversight of general accounting month close functions for related inventory areas and webstore processes and webstore sales tax filings processed through Avalara.
• Team Leadership: Manage and mentor a team of inventory accountants. Provide guidance, training, and performance evaluations to ensure a high level of competence within the team.
• Collaborate with FPA on analyzing variances between actual and budgeted costs and provide explanations and corrective actions.
• Continuous Improvement: Identify opportunities for process improvements and implement best practices in inventory cost accounting. Stay updated with industry trends and advancements in inventory management technologies.

Requirements

• Bachelor’s degree in accounting. CPA certification is preferred.
• Minimum of 5 years of experience in inventory accounting or cost accounting, with at least 1 year in managerial role.
• Proficiency in accounting software and inventory management systems. Advanced Excel skills and familiarity with ERP systems are essential. Experience with SAP BusinessOne preferred.
• Strong analytical and problem-solving abilities. Ability to analyze complex data sets and provide actionable insights.
• High level of accuracy and attention to detail in financial reporting and analysis.
• Excellent verbal and written communication skills. Ability to present financial information clearly and concisely to non-financial stakeholders.
• Proven leadership and team management skills. Ability to motivate and develop a high-performing team.
• Interpersonal Skills: Strong interpersonal skills and the ability to work effectively with cross-functional teams.
• Organizational Skills: Excellent organizational and time management skills. Ability to prioritize tasks and manage multiple projects simultaneously.
• Adaptability: Ability to adapt to changing business needs and work in a fast-paced environment.

Company Summary:

eos Products is an iconic global beauty brand that has sold nearly a billion lip balms worldwide. Our company was founded on an innovative and entrepreneurial spirit that revolutionized how people experience daily beauty routines. As a brand of choice among gen z and millennial consumers, eos aims to drive everyday experiences forward, creating the joy that beautifully designed, expertly crafted products can bring to people’s lives. From our iconic lip balm to our cult-favorite body lotion, eos products create delight where there was once utility, happiness where there was only function.

Equal Opportunity Employer:

eos Products offers equal employment opportunity to qualified individuals without regard to race, religion, color, national origin, age, gender, disability, medical condition, sexual orientation, gender identity, gender expression, marital status, veteran status, or any other characteristic protected by law. Minorities, women, veterans, and individuals with disabilities are encouraged to apply.

FLSA Status:

FLSA exempt.