Senior Accountant, Inventory Accounting

Alto is America’s leading digital pharmacy, transforming a $500 billion industry. Founded in 2015, Alto’s better pharmacy model is centered on the critical role of pharmacists as the final link in a person’s health journey. Alto combines expert pharmacist care with purpose-built technology to deliver a more convenient and affordable experience for those who need medication. To date, Alto has fulfilled more than three million prescriptions, expanded to twelve markets, and built a mobile app experience that makes it easier than ever to manage medications and chat with a pharmacist. As Alto continues its rapid growth, it remains customer obsessed, with an industry-leading NPS score of 86.

Alto is building the world's most patient-centric, tech enabled pharmacy, and we are seeking an Sr. Accountant, Inventory Accounting to be a key member of our quickly growing Accounting team. You will be responsible for all inventory accounting, cost accounting and inventory control functions. You will play a critical role in ensuring the accuracy of Alto’s inventory and you will be the go-to person for inventory accounting in the company. As a result, you will gain exposure to senior-level decision making and develop lasting relationships across the company.

The ideal candidate will have a forward-thinking approach to efficient accounting processes in a fast paced, high growth environment and the ability to clearly communicate deliverables and recommendations. This role reports to the Controller. 

 

Accelerate your Career as You:

• Responsible for all aspects of inventory accounting, including system improvements and implementation.

• Participate in month end inventory close processes including preparation of month end journal entries, fluctuation analysis, and reconciliation of inventory, good received not invoiced and PPV accounts.

• Prepare summarized month end reporting for the senior management team around product costs, month over month and quarter over quarter improvements, and cost drivers.

• Work with internal finance, engineering, and operations teams to strengthen the end-to-end inventory processes, identify and implement automation efforts and document controls.

• Prepare weekly standard costing / purchase price variances analysis including identifying and explaining variances to product costs.

• Work with operations teams to analyze inventory for potential excess and obsolete reserves and make related entries in accordance with the company’s policies.

• Implement three-way matching process and maintain accurate costing of all products and ensure compliance with US Generally Accepted Accounting Principles (GAAP).

• Identify opportunities to improve processes throughout the supply chain, while collaborating with cross-functional teams on owned processes, to drive greater efficiency and effectiveness.

• Manage the overall physical inventory process, work closely with operations and auditors to ensure a robust inventory counting process.

• Act as point inventory liaison for external auditors for year-end audits, including preparing work papers for the auditors and analyzing data. Collaborate with internal teams and external auditors to ensure successful audit results and compliance.

 

A Bit About You:

Minimum Qualifications:

• 7+ years of inventory and cost accounting experience.

• Experience managing high volumes of inventory with a large number of SKU’s.

• Bachelor Degree in Accounting or Finance required.

• Intermediate proficiency in Microsoft Word and Excel.

• Passionate about building a young company and comfortable working in a fast-past changing environment.

• Ability to effectively work across teams, both within the accounting functions, and across the organization.

• Ability to multitask and prioritize work; work well under pressure to meet deadlines – must be comfortable getting into the details.

• A passion for Alto’s mission and values!

Preferred Qualifications: 

• Experience with Intacct, Coupa, Concur and Floqast

• Experience with ERP system implementation is a strong plus.

• CPA or equivalent.

• Healthcare experience.

• In-house GL Management.

• Prior supervisory experience.

• Experience with G Suite.

Additional Physical Job Requirements:

• Read English, comprehend, and follow simple oral and written instructions.  The worker is required to have close visual acuity to perform an activity such as