Inventory Accounting Manager

<div class="content-intro"><p><strong>WHY JOIN ALO?</strong></p> <p>Mindful movement. It’s at the core of why we do what we do at ALO—it’s our calling. Because mindful movement in the studio leads to better living. It changes who yogis are off the mat, making their lives and their communities better. That’s the real meaning of studio-to-street: taking the consciousness from practice on the mat and putting it into practice in life.</p></div><p><strong>OVERVIEW</strong></p> <p>We are seeking a highly skilled and driven Inventory Accounting Manager to join our team. In this key role, you will own all aspects of inventory accounting, cost accounting, and inventory valuation for our large retail and manufacturing entity. This includes managing monthly closing activities, working closely with our Finance and Operations business partners to analyze and report on business trends, and working closely with our Business Technology Solutions group to enhance processes and reporting. The ideal candidate is a self-starter who thrives in a dynamic environment, effectively manages multiple priorities, and works well both independently and within a team. A critical part of this role will involve partnering with our Business Technology Solutions group to implement meaningful enhancements in reporting and operational efficiency.</p> <p><strong>RESPONSIBILITIES&nbsp;&nbsp;</strong></p> <ul> <li>Responsible for all accounting, reporting and analysis related to inventories, gross margins, and standard costs</li> <li>Prepare and/or review monthly journal entries related to inventory and COGS to record inventory movement, accruals for inventory in transit and amortization of capitalized variances</li> <li>In conjunction with the monthly financial close, ensure that inventories are properly valued and appropriately reserved under US GAAP (including an evaluation of slow moving, excess and obsolete inventories), liabilities related to inventory purchases are properly stated, gross margins are accurate and any significant variances between budgeted and actual margins are investigated and explained to management</li> <li>Prepare and/or review monthly reconciliations for all inventory related accounts across all global operating territories</li> <li>Identify and analyze key cost drivers of variances between standard and actual costs and take action to improve cost accuracy. Partner with Product, Sales and Category Managers to establish and maintain accurate standard product costs. Develop and deliver reporting that provides clear visibility into major cost components (product, duty, freight, etc.), enabling informed business decisions and reviews.</li> <li>Understand and document the Company's current end-to-end inventory processes</li> <li>Act as primary finance l