Director, Inventory Accounting

About Us

 

Centric Brands is a leading lifestyle brand collective that designs, sources, markets and sells high quality products in multiple segments, including women’s, men’s and kid’s apparel, accessories, entertainment and beauty. Centric Brands is focused on our customers and our brands that will drive the company’s future growth. We are defined by innovation as we seize new opportunities and thrive in an environment informed by creativity and thinking that is both analytical and outside the box. Centric Brands reflects a team built on respect, for others and for the hard work it takes to achieve our goals and build our bright future together.

 

Whether you are an entry-level Analyst or our CFO, a career in Finance with Centric Brands will give you exciting opportunities to impact our bottom-line results. Our Finance team supports the business in a variety of ways – from P&L statements to budget projections and forecasts, cost analyses, vendor and supplier billing and even payroll. A career here can provide you with numerous opportunities to advance your career as you work cross-functionally with other teams both internally and externally.

Specific Responsibilities Would Include

Position Summary

The Director, Inventory Accounting is responsible for the overall leadership, integrity, and financial reporting of the Company's inventory accounting function. This role oversees inventory valuation, reserves, manufacturing accounting, inventory close, internal controls, and inventory-related financial analysis across the organization.

 

The Director serves as a key business partner to Finance, Operations, Manufacturing, Supply Chain, Logistics, Treasury, and other cross-functional leaders to ensure accurate inventory reporting, effective controls, and sound financial decision-making. This role will lead a team of three direct reports and will drive process improvements, strengthen accounting policies and procedures, support the Company's audit requirements, and provide senior management with meaningful insights into inventory performance, risks, and opportunities.

Key Responsibilities

Inventory Accounting & Financial Leadership

• Own the Company's inventory accounting function and ensure accurate, timely, and compliant accounting and reporting of inventory across all businesses and locations.
• Lead the monthly inventory close process, including inventory reconciliations, journal entries, KPI reporting, variance analysis, and management reporting.
• Oversee preparation and review of monthly journal entries related to work in process, inventory adjustments, goods in transit, expense accruals, amortization, and other inventory-related activities.
• Oversee inventory valuation for existing and new businesses and ensure appropriate accounting treatment in accordance with US GAAP and Company policies.
• Direct inventory reserves analysis, production overhead capitalization, purchase price variance analysis, direct shipment programs, deferred revenue, intercompany sales activity, and gross profit review.
• Monitor inventory accounting and related system reports for accuracy, completeness, and consistency.
• Analyze and present key SAP FICO reports and inventory-related financial results to senior management, highlighting trends, risks, opportunities, and actionable recommendations.
• Establish and maintain appropriate inventory accounting policies, procedures, and methodologies in accordance with US GAAP and Company policies.

Inventory Controls, Risk & Compliance

• Establish, maintain, and continuously improve a strong inventory control environment designed to protect the Company's assets and ensure the accuracy and completeness of financial reporting.
• Oversee inventory-related SOX controls, including control design, execution, documentation, testing, and remediation.
• Identify and assess inventory accounting and operational risks and develop appropriate mitigation strategies.
• Oversee reconciliation of warehouse transfers and ensure timely investigation and resolution of discrepancies.
• Maintain strong working knowledge of warehouse and manufacturing operations, including inventory transfers, cycle count adjustments, physical inventory procedures, and related system transactions.
• Partner with Inventory Control to strengthen inventory accuracy, controls, and operational processes across the Company's businesses.
• Collaborate with Treasury on borrowing-base requirements, inventory appraisals, field audits, and related inventory reporting.

Cross-Functional & Operational Leadership

• Lead cross-functional partnerships with FP&A, Accounts Payable, Production, Operations, Logistics, Supply Chain, and Inventory Control to ensure accurate recordi