Inventory Accounting Supervisor

Inventory Accounting Supervisor

North Kansas City, Missouri

THE DEPARTMENT:
The Accounting Department supports the product, people, promotion, place, and profit strategies of the company by providing centralized delivery of all financial services. Internally, Accounting provides financial services to all divisions of the company. Externally, Accounting provides financial information and reporting to the parent company, Berkshire Hathaway, as well as state and federal regulatory agencies. The Accounting Department is divided into four areas: (1) General Accounting, which includes financial reporting, fixed assets, financial system integration, and treasury management; (2) Inventory Control, which includes inventory accounting and merchandise payables; (3) Accounts Payables, which includes expense payables and travel processing; and (4) Payroll, which includes all payroll and bonus processing and payroll tax reporting.

POSITION SUMMARY:
The Inventory Accounting Supervisor is responsible for overseeing all aspects of inventory accounting, ensuring accuracy in inventory valuation, and supporting financial reporting. This position plays a key role in implementing inventory policies, driving process improvements, and reducing discrepancies. The Inventory Accounting Supervisor will prepare and analyze inventory reports, assist with month-end closing activities, and provide insights to management. Additionally, this role involves supervising a team, fostering staff development, and ensuring adherence to internal controls and audit requirements. The ideal candidate will possess strong data analysis skills, advanced Excel proficiency, and a deep understanding of inventory accounting functions.

PRINCIPAL ACCOUNTABILITIES:

• General Responsibilities: Answer store or other department questions related to inventory, shrink, and perpetual inventory variances to provide information to make business decisions. Provide second-level review of inventory adjustments and various complex store transactions to determine optimal resolution and identify potential loss prevention strategies. Make transactional adjustments to correct inventory balances. Provide reporting on transfers, inventory aging, on-hand variances, and work with stores to determine variance resolution.

• Month-End Responsibilities: Enter and review monthly journal entries for inventory-related items as assigned and reconcile sub-ledger balances to general ledger balances. Review and correct inventory and supporting schedules to provide accurate data for financial statements. Work with team members to prepare detail shrink/loss reporting. Prepare and review inventory aging and obsolete reserve analysis. Perform backup duties for the Inventory Control Manager and other department members as required. Prepare and review reporting for assigned general ledger accounts to key stakeholders.

• Physical Inventory Responsibilities: Work with team and other departments to coordinate semi-annual physical inventory process as well as the periodic inventories. Make appropriate corrections to inventory. Update inventory documentation for both Store Support Center(SSC) and Store users. Review inventory results reporting.

• System conversions and releases: Work with IT and other departments to test system implementations, conversions, and releases. This includes the development of testing plans, transaction-level testing, documentation, and reporting.

• Bachelor’s degree in accounting or finance required.
• Three to five years accounting experience required, preferably with the Average cost method of accounting.
• At least one year of previous supervisory experience preferred.
• Strong inventory system skills desired.
• Knowledge of the cost accounting and auditing procedures required.
• Extremely detail oriented.
• Strong Microsoft Excel and Word, Tableau, and data analysis tool skills.
• Strong analytical, research and communication skills required.
• Hybrid schedule with predictable onsite attendance required three or more days per week to perform essential functions involving interactive behaviors with co-workers and managers, operation or manipulation of equipment and/or materials located only on site, and direct interaction with internal and/or external customers.