Inventory and COGS Accounting Manager

About the role

The Accounting Manager, Inventory and COGS will lead the financial integrity of inventory and cost of goods sold across the business. Key responsibilities include:

• Leading monthly close processes, managing and improving controls.
• Partnering closely with Operations, FP&A, and third-party logistics providers to ensure accurate and timely reporting of inventory and COGS in the ERP system.
• Oversight of key processes such as purchase accruals, inventory movements, and costing methodologies.
• Identifying opportunities to improve and standardize inventory and COGS accounting across locations.
• Playing a key leadership role within Accounting and Finance, driving scalable solutions for long-term success.

Responsibilities

Lead the monthly close process for inventory and COGS, including journal entries, reconciliations, and internal reporting.

• Achieve accurate inventory costing and valuation, including landed cost, freight, duties, variances, and other COGS components.
• Own the inventory subledger and ensure alignment with the general ledger.
• Oversee purchase accrual processes and work with Procurement and AP to ensure accuracy and completeness.
• Build, manage, mentor, and lead the Inventory Accounting group, including thoughtful hiring, onboarding, coaching, and continuous feedback.
• Maintain oversight of inventory movements, including in-transit, consignment, write-offs, and returns, ensuring appropriate accounting treatment.
• Drive process improvements related to inventory and COGS accounting, including documentation of policies and procedures.
• Partner with FP&A and Operations to provide timely and accurate analysis of COGS trends and inventory balances, along with insights and reporting regarding inventory and margin drivers.
• Collaborate with cross-functional teams and external partners to implement inventory reporting tools and automation in our ERP.
• Support the annual financial audit, including the preparation of spreadsheets or reports that support the financial statement numbers (e.g., inventory balances, COGS breakdown, inventory adjustments) and responses related to inventory and COGS.
• Monitor and analyze inventory movements, including in-transit, consignment, write-offs, and returns, and ensure appropriate accounting treatment.
• Support physical inventory and cycle count processes and ensure results are reflected properly and timely in financial statements.

Requirements

Required qualifications include:

• 5+ years of progressive accounting experience, with at least 2 years in inventory and/or COGS accounting.
• 1+ years of people management experience.
• Strong mix of technical accounting knowledge and operational mindset.
• Experience leading or auditing month-end close processes and being comfortable owning a complex area of the P&L and balance sheet.
• Detail-oriented but also able to step back and see the big picture.
• Proactive, solution-oriented mindset and not afraid to challenge the status quo.
• Comfortable working in ERP systems, especially NetSuite.
• Ability to thrive in a fast-paced and ambiguous environment, naturally curious and proactive self-starter, constantly on the lookout for new opportunities and solutions.
• Owner mentality, excellent problem-solving skills, and effective task prioritization.
• Self-starter who excels in managing multiple projects simultaneously.
• Skilled communicator who can absorb and distill complexity into simple terms to drive decision-making.
• Loves dogs.

Qualifications

Preferred qualifications include:

• Experience in a similar role within a rapidly growing startup.
• Knowledge of industry best practices and standards for inventory and COGS accounting.
• Experience with inventory management software and ERP systems.
• Experience with financial audits and compliance requirements.