Inventory Control Cost Accountant

Inventory Control Cost Accountant

Job Summary of Inventory Control Cost Accountant:

You will plays a vital role within the Finance Department by managing and analyzing inventory costs, ensuring accurate valuation and costing methods, and supporting inventory control processes. This position partners with operations, accounting, and finance teams to monitor inventory levels, investigate variances, and optimize inventory accuracy. The role contributes to precise financial reporting and supports continuous improvements in inventory systems and controls.

Job Duties and Responsibilities of Inventory Control Cost Accountant:

• Assist in reviewing and applying appropriate costing methods to determine accurate inventory valuation.
• Perform monthly and quarterly reconciliations and adjustments related to inventory.
• Prepare journal entries for inventory reserves with thorough documentation and analysis.
• Generate detailed cost analysis reports, including variances between standard and actual costs.
• Conduct regular reviews of inventory turnover, obsolescence, and slow-moving stock.
• Ensure compliance with US GAAP and internal policies regarding inventory costing and controls.
• Maintain strong internal controls to safeguard inventory assets and prevent discrepancies.
• Collaborate with auditors to provide necessary documentation for inventory-related audits.
• Execute inventory movements and transactions within SAP.
• Communicate effectively with Distribution Centers, Finance Operations, and Store Operations to resolve inventory issues and deliver solutions.
• Reconcile cycle counts and physical inventories for retail stores and distribution centers, including offsite and third-party logistics locations.
• Support month-end, quarter-end, and year-end closing activities related to inventory costing.
• Complete special projects and analyses as assigned by management.

Qualifications and Experience of Inventory Control Cost Accountant:

• Bachelor’s degree in Accounting or related field.
• 2-5 years of experience in accounting or inventory-related roles; public accounting experience is a plus.
• Solid understanding of US GAAP and accrual accounting principles.
• Proficiency with accounting systems such as SAP; experience with Hyperion Essbase is advantageous.
• Familiarity with inventory management tools integrated within ERP systems.
• Advanced Microsoft Excel skills, including pivot tables and VLOOKUP.
• Strong organizational skills, attention to detail, and ability to multitask in a fast-paced environment.
• Excellent verbal and written communication skills, able to clearly explain financial data to non-financial stakeholders.
• Self-motivated with the ability to work independently and collaboratively within a team.

Benefits of Inventory Control Cost Accountant:

• Competitive salary and performance bonuses.
• Comprehensive health coverage including medical, dental, and vision plans.
• 401(k) retirement plan with company match.
• Paid time off, holidays, and wellness programs.
• Professional development opportunities and continuing education support.
• Inclusive and supportive workplace culture fostering diversity and teamwork.

About The Children's Place:

The Children’s Place is a leading children’s apparel retailer dedicated to delivering quality products and exceptional service across North America. Operating both physical stores and e-commerce platforms under The Children’s Place and Gymboree brands, the The Children’s Place values innovation, diversity, and collaboration to drive sustainable growth and customer satisfaction.