Inventory Cost Analyst (Hybrid: Onsite and Remote)

About the role

Join Our Community of Food People! The Inventory Cost Analyst will play a critical role in managing and analyzing inventory costs, ensuring accurate financial reporting, and supporting decision-making processes within our retail operations.

Responsibilities

• Manage and oversee inventory costing processes, including standard costing and inventory valuation.
• Conduct regular analyses of inventory transactions and adjustments to ensure accuracy and adherence to accounting standards.
• Collaborate with cross-functional teams to coordinate, reconcile and investigate physical inventory counts and variances with financial records.
• Prepare and analyze inventory-related financial reports, including variance analysis and trend analysis.
• Monitor and report on inventory levels, aging, and slow-moving items to support inventory management decisions.
• Assist in the month-end and year-end close processes related to inventory, including preparing journal entries and reconciliations.
• Develop and maintain inventory cost models and ensure consistency across all inventory-related activities.
• Implement and improve inventory control procedures to enhance accuracy and efficiency in inventory management.
• Provide insights and recommendations to management on cost-saving opportunities and inventory management strategies.
• Ensure compliance with accounting policies, procedures, and internal controls related to inventory.
• Reconcile and approves cost and quantity variances at PO and invoice level.

Requirements

Minimum Qualifications

• 3+ years of proven experience as an Inventory Cost Accountant, Inventory Analyst, or similar role within the retail industry.
• Strong understanding of inventory costing methods and inventory management principles.
• Proficiency in ERP systems, advanced Excel skills (vlookup, pivot tables), and experience with inventory management software.
• Excellent analytical skills with the ability to interpret complex data and identify trends.
• Knowledge of retail operations and familiarity with retail industry trends is preferred.

Preferred Qualifications

• Detail-oriented approach: must pay very close attention to details and have the drive to get things right.
• High comfort level working in ambiguous, rapidly changing environments and ability to manage multiple projects simultaneously.
• Ability to present information and communicate complex ideas clearly and succinctly.
• Able to prioritize activities in a multi‑tasked environment.
• Regularly provides work that is accurate, thorough and consistent.
• Strong analytical skills: analyzes complex information, makes accurate decisions and solves complex problems with little direction.
• Works independently on most assignments, brings forward ideas for improvement.
• Collaborates well with team members and other work associates.
• High degree of reliability including accountability for daily, weekly, and long‑term projects.
• Excellent organizational skills and communication skills, both written and verbal.
• Ability to interact positively with wide variety of employees at all skill levels.
• Excellent customer service skills, with the ability to work through obstacles to achieve a goal.
• Possesses a high degree of professionalism, tact, and persistence.
• Up to 10% travel.

Education

• Bachelor’s degree in Accounting, Finance, or related field, or equivalent experience.
• CPA or CMA certification is a plus.

Benefits

• Health insurance
• Pre‑tax spending accounts
• Retirement benefits
• Paid time off
• Short‑term and long‑term disability
• Employee stock purchase plan
• Life insurance

Pay

Compensation depends on relevant experience and/or education, specific skills, function, geographic location, and other factors as applicable by law. The expected base rate for this role is between $65,000 - $105,000. An annual incentive plan bonus is also offered.

Schedule

Schedule: Sunday, Monday, Tuesday, Thursday and Friday (work days); Off: Wednesday and Saturday. Hybrid arrangement – in‑office on Tuesday and Thursday; remote work on Sunday, Monday, and Friday.