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Senior Manager Inventory Accounting - Brooklyn New York
Company: Amplify Location: Brooklyn, New York
Posted On: 04/25/2024
A pioneer in K-12 education since 2000, Amplify is leading the way in next-generation curriculum and assessment. Our core and supplemental programs in ELA, math, and science engage all students in rigorous learning and inspire them to think deeply, creatively, and for themselves. Our formative assessment products help teachers identify the targeted instruction students need to build a strong foundation in early reading and math. All of our programs provide educators with powerful tools that help them understand and respond to the needs of every student. Today, Amplify serves more than 10 million students in all 50 states. For more information, visitamplify.com.As we continue to expand our operations, we are seeking a talented and experienced Senior Manager of Inventory Accounting to join our finance team and play a pivotal role in driving our success. You will be responsible for overseeing all aspects of inventory accounting, cost analysis, and financial reporting related to our inventory operations. Reporting to the Assistant Controller, you will build and lead a team of skilled professionals and collaborate closely with cross-functional departments to ensure the accuracy, efficiency, and optimization of our inventory management processes.Responsibilities: - Oversee the reconciliation of inventory ledgers on a monthly basis, ensuring accuracy and completeness.
- Lead the month-end close process, including reviewing material and production variances, and reconciling inventory-related liabilities.
- Establish and maintain internal controls on accounting processes.
- Collaborate with internal stakeholders, including supply chain, logistics, and production teams, to streamline workflows and drive continuous improvement in inventory and cost accounting processes.
- Strengthen end-to-end inventory processes and reporting.
- Analyze inventory for potential excess and obsolete reserves.
- Partner with operations teams to understand product costs, variance drivers, and optimize inventory management practices.
- Train, supervise and develop a team of accounting professionals, providing guidance, coaching, and support to ensure their success and professional growth.
- Develop and implement process improvements to improve efficiency.
- Drive the use of data analytics tools to identify cost reduction opportunities and improve inventory forecasting accuracy.
- Present analysis results and recommendations to senior management, supporting informed decision-making and strategic planning initiatives.
- Support external audit processes, including providing necessary documentation and liaising with auditors as needed.Qualifications:
- Bachelor's degree in accounting or finance, CPA preferred.
- Prior public accounting experience preferred.
- Minimum of 8-12 years of progressive experience in inventory accounting or related roles.
- Advanced knowledge of US GAAP, inventory valuation methods and cost accounting principles.
- Proven leadership skills with experience building, managing and developing a team.
- Ability to think strategically and drive process improvements to enhance efficiency and accuracy.
- Excellent analytical and problem-solving skills, with meticulous attention to detail.
- Effective communication and interpersonal skills, with the ability to collaborate cross-functionally and influence key stakeholders.
- Ability to thrive in a fast-paced, dynamic environment and adapt to changing priorities.Desired Skills:
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