Cost Accountant

Overview

The Senior Accountant is responsible for overseeing the accurate reporting of inventory balances and identifying opportunities to improve processes for greater efficiency. This role plays a critical part in understanding inventory adjustments and their impact on the organization's financial results. The Senior Accountant leads the month-end inventory close process and ensures compliance with GAAP valuation standards.

Responsibilities

• Lead inventory-related month-end close activities, including journal entries, accruals, and inventory roll-forwards.
• Perform monthly inventory reconciliation between the warehouse management system (WMS) subledger and the general ledger, resolving discrepancies promptly.
• Understand and verify that all inventory transactions are accurately recorded in the general ledger, including impacts from new initiatives or system changes.
• Ensure segregation of duties and SOX compliance for all inventory-related activities.
• Calculate standard costs and analyze purchase price variances to maintain accurate inventory valuation.
• Calculate and maintain inventory valuation reserves such as Excess & Obsolete (E&O) and Lower of Cost or Net Realizable Value (LCNRV).
• Monitor and assign ownership for monthly inventory adjustments, track activity against KPIs, and forecast financial impacts.
• Review monthly shrink results for accuracy and assist sites with root cause analysis of unusual gains or losses.
• Monitor inventory aging and collaborate with merchants and inventory planning teams to support business decisions.
• Utilize inventory warehouse management software to troubleshoot and resolve issues in collaboration with cross-functional teams.
• Partner with inventory and distribution center teams to improve inventory visibility, reporting, and productivity.
• Collaborate with Supply Chain, Procurement, and logistics to accurately track and capitalize landed costs, freight, and tariffs.
• Support periodic cycle counts and annual physical inventory processes to ensure compliance with policy.
• Review and monitor inventory levels across all locations for accuracy.
• Compile information for internal and external audit requests.
• Lead automated process improvements to reduce manual interventions.
• Participate in team efforts to achieve departmental and organizational goals.
• Demonstrate organizational values through work behaviors, decision-making, and interpersonal interactions.

Requirements

• Bachelor's degree in Accounting or related field; equivalent work experience considered.
• Minimum of 5 years of relevant accounting experience.
• CPA or CMA certification is a plus.
• Experience with Manhattan WMS/MAO is advantageous.
• Strong attention to detail and problem-solving skills.
• Proficient in Microsoft Excel, including advanced functions such as pivot tables and VLOOKUP.
• Excellent written and verbal communication skills.
• Strong organizational and time management abilities with the capacity to manage multiple tasks.
• Authorization to work in the United States without sponsorship.

Physical Environment & Travel

• Travel required less than 10% for company meetings, programs, or events.
• Approximately 90% of work involves sitting; 10% standing.
• Continuous arm, hand, and wrist movement (e.g., typing).
• Occasional reaching, twisting, and bending.
• Work environment noise level comparable to casual conversation.
• Work performed in cubicle or office setting.
• Temperature range typically between 65 - 75 degrees Fahrenheit.

Compensation & Benefits

• Salary range: $70,000 to $100,000 per year.
• Eligibility to participate in the company bonus program.
• Multiple medical plan options.
• Dental and vision insurance plans.
• Medical and dependent care flexible spending accounts.
• Health savings account with company contributions.
• Company-paid life insurance and accidental death & dismemberment (AD&D).
• Company-paid short-term disability.
• Voluntary benefits including accident, critical illness, hospital indemnity, long-term disability, and supplemental life insurance.
• 401(k) plan with employer match.
• Parental leave.
• Paid holidays including New Year's Day, Martin Luther King Jr. Day, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving Day, Christmas Eve, and Christmas Day.
• Paid time off with a flexible policy for exempt employees.
• Daily pay availability.
• Employee discount of 40%.
• Flexible Fridays (option to work from home).
• Onsite fitness center.

Location

This position is based at the organization's headquarters near Madison, Wisconsin. The work schedule includes in-office presence Monday through Thursday, with the option to work remotely on Fridays.