Senior Inventory Accountant- Columbus, OH

Company: Babylist
Location: Columbus
Posted on: November 20, 2023

Job Description:

Who We Are

Babylist is the leading digital destination for growing families. For over a decade, Babylist has been the technology solution for expecting parents and the community that supports them, expanding from baby registry into a full-service platform that helps parents make decisions with confidence, stay connected and build happy and healthy families. Every year Babylist helps over 9M people make purchases through its registry, app, ecommerce shop and comprehensive product guides. The Babylist ecosystem now includes Babylist Health, which provides access to products and services including insurance-covered breast pumps, Expectul, a new voice in health and wellness for pre-pregnancy through postpartum care, and The Push, a branded content studio that works with the biggest companies in the baby space. With over 59M monthly pageviews and 1.2M TikTok followers, Babylist is a generational brand leading the $88 billion baby product industry. To learn more about Babylist's registry options, editorial content and more, visit www.babylist.com

Our Ways of Working

We have team members located across the United States spanning multiple time zones. This means we put in extra effort to make sure we connect and collaborate in ways that make sense for us. We know how valuable the flexibility of remote work is for our employees.

We know that personal connection is the foundation for the great work we do together. In order to build those relationships with team members in other cities, we meet with coworkers in person two times a year at a full company offsite and a departmental offsite. These offsites are expected of employees and are great opportunities to meet the people you work with every day and to do some of the work that is much more difficult to do virtually.

What the Role Is

Babylist is looking for a Senior Inventory Accountant to join our accounting team. As a Senior Inventory Accountant, you will play a crucial role in analyzing and recording inventory. You will be responsible for overseeing the financial aspects of inventory, participating in the month end close process, providing reporting for various departments, and reviewing the balance sheet/P&L and providing commentary.

• Oversight of inventory at multiple locations ensuring accurate and timely valuation and completion of transactional activities
• Perform month-end inventory reconciliations to the warehouse management system reports and create necessary journal entries
• Assist in the evaluation and implementation of costing methods that promote efficiency and effectiveness of the costing of inventory and cost of sales, as well as internal control structure, processes and monitoring.
• Analyze aging reports and review turnover of inventory/in-process materials for possible impairment and calculate any necessary reserves
• Review operational expenses such as freight, material cost, labor, and supplies and ensure proper accounting.
• Analyze inventory in-transit transactions and investigate delays to ensure timely recording of transactions
• Assist with internal and external inventory audits as they pertain to inventory accounting.
• Help develop and then ensure inventory policies are clearly defined and consistently implemented.
• Participate in process improvements to streamline the monthly financial close process.
• Provide inventory reporting for reference by cross functional departments
  • Consolidated 3PL reporting reconciliation
  • Month end closing inventory adjustment
  • PPV total and detail
  • Balance Sheet and P&L flux analysis for inventory accounts
  • Assist in various project and work effectively with cross functional business partners, including Finance, Merchandising & Inventory Management, Supply Chain, FP&A, Accounts Payable, Engineering, Product, IT and other teams Who You Are
    
    To excel in this role as a Senior Inventory Accountant, you should possess a unique combination of skills, experience, and personal qualities that make you an essential part of our team. Here are the qualifications and attributes we are looking for:
    • Educational Background: A bachelor's degree in accounting, finance, or a related field is required
    • Experience: You should have a minimum of 5 years of experience in inventory accounting. Experience in a manufacturing or retail environment is preferred. Costing accounting experience is desired
    • Technical Expertise: Proficiency in inventory accounting principles and methods is vital. You should be well-versed in using inventory management software and have strong Excel skills
    • Analytical Skills: Strong analytical skills, with the ability to interpret data, conduct variance analysis, and make data-driven decisions
    • Attention to Detail: Precision and a keen eye for detail are necessary to maintain accurate financial records
    • Communication Skills: Excellent verbal and written communication skills to collaborate with cross-functional teams and present financial data effectively
    • Problem-Solving: A proactive problem-solving attitude to address discrepancies and improve processes
    • Compliance Knowledge: Familiarity with accounting standards and regulatory compliance related to inventory accounting
    • Adaptability: The ability to adapt to changing business needs and a dynamic work environment How You Will Make An Impact
      
      In this role as a Senior Inventory Accountant, your contributions will have an impact on the organization in the following ways:
      • Financial Stewardship: Your meticulous approach to inventory management will directly impact the company's financial health
      • Strategic Decision Support: Your inventory reports and analysis will serve as a critical resource for strategic decision-making
      • Compliance and Auditing: Your commitment to maintaining compliant and accurate inventory records will ensure a smooth auditing process
      • Cross-Functional Collaboration: Your collaboration with various departments, such as procurement and supply chain, will foster better communication and alignment within the organization
      • Risk Mitigation: Your approach to variance analysis and discrepancy resolution will help the company identify and address potential risks in a timely manner Why You Will Love Working At Babylist
        • We invest in the infrastructure you'll need to be supported and successful: tools, opportunities to connect with colleagues, and a stipend to help you set up your office
        • We build products that have a positive impact on millions of people's lives
        • We work at a sustainable pace which means work/life balance is a real thing here
        • We believe technology and data can solve hard problems
        • We believe in exceptional management
        • We are an antiracist organization and doing the work to support differences of all kinds
        • We offer competitive pay and meaningful opportunities for career advancement
        • We have great benefits like company paid medical, dental, and vision, a generous paid parental leave policy, and 401k with company match
        • We care about employee wellbeing with perks for physical, mental and emotional health, parenting, childcare, and financial planning
          Babylist takes a market-based approach to pay, and pay may vary depending on your location. Your actual base salary will depend on factors such as your skills, qualifications, experience, and work location.
          
          The estimated pay range for this role is $79,000.00 - $94,000.00
          
          In addition, Babylist offers equity, bonus, and benefits, including company paid health, dental and vision insurance, 401(k) matching, flexible spending account, and paid leave (including PTO and parental leave) in accordance with our applicable plans and policies.
          
          If your experience is close to what we're looking for, please consider applying. Experience comes in many forms - skills are transferable, and passion goes a long way. We know that diversity makes for the best problem-solving and creative thinking, which is why we're dedicated to adding new perspectives to the team and encourage everyone to apply.
          
          #bi-remote

Keywords: Babylist, Columbus , Senior Inventory Accountant- Columbus, OH, Accounting, Auditing , Columbus, Ohio