Inventory Accounting Director
Dollar Tree
**Summary of Position:**
The Inventory Accounting Director will work with various financial and operational leaders within the organization to oversee the day-to-day functioning of the Company’s inventory accounting department. On a monthly basis, the Director will lead the closing of our inventory subledgers and prepare and / or review general ledger entries for gross margin. The Director will prepare budgets and forecasts and analyze variances from period to period. This role requires a balance of general accounting experience including inventory, internal controls (i.e. SOX), budgeting and forecasting, as well as baseline understanding of the retail business. The Director should also have experience leading a team and keeping to strict financial reporting deadlines.
**Principal Duties and Responsibilities:**
+ Responsible for the monthly closing cycle for inventory accounting including all subledger and general ledger entries for gross margin.
+ Conduct the monthly review and adjustment of any inventory reserves (shrink and MD) and inventory capitalization entries for distribution costs.
+ Provide reporting of the Company’s monthly gross margin under the retail inventory method and assess variances to budget, forecasts and prior year.
+ Prepare annual budget and monthly forecasts for gross margin including merchandise cost, shrink, markdowns, etc.
+ Assist with preparing presentations for management on key gross margin line items.
+ Supervise, support and develop the inventory accounting team.
+ Assist, as necessary, in resolving issues related to markdowns, transfers, physical inventory (stores), DC inventory and other financial statement-related issues.
+ Provide assistance to Operations, Logistics and Asset Protection with any financial issues related to inventory.
+ Participate in IT projects related to inventory including system enhancements and conversions including user acceptable procedures.
+ Ensure internal controls (SOX) are in place and executed for key inventory accounting steps and processes.
+ Participate in the annual financial statement audit and quarterly reviews.
+ Assist the VP Financial Reporting and Inventory Accounting when appropriate
**Minimum Requirements/Qualifications:**
+ Bachelor’s degree in accounting.
+ 10+ years of accounting experience, including a minimum of 6-7 years in public accounting, Big 4 preferred.
+ Will consider candidates with a mix of public accounting and private company experience in financial reporting.
+ Generalized knowledge of inventory transactions and costing methods.
+ Working knowledge of internal control requirements including SOX.
+ Strong computer skills, including Microsoft Excel, Word, Powerpoint, and Adobe PDF.
+ Baseline knowledge of financial systems including query tools (SQL, Showcase, etc.)
+ Retail experience preferred with knowledge of the retail inventory method (RIM).
+ Good communication and interpersonal skills, both verbal and written.
+ Good analytical skills and attention to detail
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