What are the responsibilities and job description for the Inventory Control Analyst- Corporate Headquarters, NJ position at The Children's Place?
Job Summary:
The Inventory Control Analyst will support the inventory control functions within the Finance Department. The Inventory Control Analyst will be responsible for the accuracy of inventory activity and levels, maintaining records, identifying and resolving inventory issues and variances, and providing solutions to improve efficiency and accuracy in inventory systems and financial statements. The Analyst will also assist with month-end closes, SOX testing, audits, cycle counts and physical inventories. This position will work closely with other departments as needed to ensure accurate and timely transmission of data in order to maintain accurate systems, prepare financial statements and support other reporting requirements.
Responsibilities:
Key Accountabilities:
- Conduct monthly closing of the inventory accounts
- Monitor and assist with daily cycle count activities
- Perform account reconciliations including perpetual inventory, Duty, Freight and accrued receipts
- Analyze Average Unit Cost by Category and Department
- Research to identify opportunities to improve efficiencies in processes or implement new systems
- Reconcile cycle counts and annual physical inventories for retail stores and Distribution Center inventory
- Analyze on hand inventory to assist in supporting the business to identify and manage distressed inventory
- Identify, research, and resolve inventory variance between the physical quantities and those in the system
- Report any inventory variances over the predetermined threshold to loss prevention to further research
- Monitor records to ensure all valid POs placed by the company are received at the correct location and correct in the system; research open POs to resolve as necessary
- Complete special projects and ad hoc requests
- Maintain daily, weekly, and monthly reporting and analysis models that track inventory and average costs
- Perform additional duties or responsibilities as needed
Education and Experience:
- Bachelor's degree in accounting, finance or related field
- 3-5 years of experience in inventory control or related areas
- Retail experience a plus
Skills and Behaviors:
- Proficient in Microsoft Office with excellent skills in Excel
- Effective verbal and written communication skills
- Must be highly organized with strong attention to detail
- Strong analytical and problem solving skills
- Strong multi-tasking ability with disposition that remains calm and unaffected by changing direction
- Flexibility during month-end and year-end inventory process which is fast-paced and extremely time-sensitive
- Familiarity with general ledger and stock ledger/merchandising systems a plus
- Familiarity with SAP and Cognos a plus
