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Sr. Director, Global Inventory Controller in Woodcliff Lake, NJ at Party City Corporation

Date Posted: 1/22/2023

Job Snapshot

  • Employee Type:
    Full-Time
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    1/22/2023
  • Pay Range
    $0.00 - $0.00 per hour

Job Description

Job Overview:

Reporting to the Chief Accounting Officer and Treasurer, the Global Inventory Accounting Controller will lead all aspects of inventory accounting across the company. Responsibilities include regularly partnering with key team members to: (1) ensure accuracy of inventory close data and reporting and (2) improve the processes and internal controls related to these areas. They will play a lead role interfacing with our Business Process Outsourcing provider (Infosys) and the outsourced Inventory Accounting team in India.

Responsibilities and Duties:

Inventory and Cost Accounting

  • Participate in and manage monthly corporate processes related to consolidations and eliminations of intercompany inventory and gross profit eliminations; must have a detailed understanding of the business cost accounting and inventory control functions, and involves frequent coordination with those teams; includes data gathering and analysis across the company’s manufacturing, wholesale, and retail businesses
  • Prepare, review, and conduct detailed analysis of inventory eliminations at the consolidated level; could include reviews of month end accounting close related activities such as balance sheet reconciliations, standard cost setting, inventory management, and related overhead absorptions
  • Thoroughly understand and monitor accuracy of standard costing, with robust variance analysis. Participates in the company’s transfer pricing and contract manufacturing processes
  • Reviews business unit E&O and other inventory reserves
  • Work with business units to ensure accuracy of the physical inventory (including shrink) and reported results in compliance with internal controls; provide detailed operational support/guidance to businesses on physical inventory counts, research solutions to improve inventory accounting processes; conduct analysis of inventory variances in (raw materials, finished goods, Purchase Price Variance, Usage Variance, Efficiency Variance and Labor Rate Variance)
  • Provides comprehensive financial updates to management regarding inventory and costing at the consolidated level by evaluating, analyzing, and reporting appropriate data points.
  • Drive short-term process improvements with an eye toward longer term finance transformation improvements
  • Participate in evaluation of potential new systems, specifically with regard to procure-to-pay and intercompany modules
  • Contribute to the COGS and inventory budget and forecast
  • Review, report and provide commentary/analysis of costs against prior periods, plan, and latest forecast, includes ad-hoc reporting, research on cost accounting questions and assistance with special projects as requested
  • Contribute toward development and documentation of controls, processes and procedures related to inventory and cost accounting.

 

Skills Required:

  • Solid knowledge of GAAP
  • Expertise with cost and inventory accounting is required
  • Strong financial/cost analysis and budgeting/forecasting skills.
  • Excellent analytical capabilities including Microsoft Excel skills and spreadsheet analysis techniques required with strong attention to detail
  • Manufacturing, retail, or consumer packaged goods industry experience preferred
  • Knowledge of finance, general ledger accounting, accounts payable and receivables, as well as budgeting and cost control principles
  • Knowledge of automated financial and accounting reporting systems
  • Excellent knowledge of accounting and financial processes and an understanding of how materials and records flow through an operation

Leadership Influence:

  • Direct Reports: 2
  • Total Organizational responsibility
  • Indirect Oversight: 5 local (Wholesale and Retail inventory team members) and 7 remote Infosys team members based in India
  • Demonstrated ability to collaborate cross-culturally with BPO provider while providing effective leadership to deliver functional KPIs
  • Able to manage multiple tasks, exercise initiative and creativity to meet deadlines and goals
  • Demonstrated ability to identify problems and correct before they become significant
  • Detail oriented, well organized and with effective collaboration methods, and able to deal with ambiguity in a constantly evolving environment
  • Excellent planning and team building skills
  • Strong interpersonal skills and strong verbal and written communication skills
  • Ability to effective partner and communicate cross-culturally
  • Ability to interact with all levels of the organization and build positive relationships within finance and non-finance teams to make recommendations, implement process/policies, etc.
  • Able to effectively communicate complex matters to all employee levels through company-wide communications

Job Requirements

Qualifications

  • 10+ years of overall experience accounting/finance experience and 3+ years’ experience in cost accounting and/or manufacturing
  • CPA and/or MBA preferred
  • BS in Accounting or Finance
  • Solid knowledge of GAAP
  • Expertise with cost and inventory accounting is required

Expected Salary Range: 157,080 - $196,350

The salary range offered for this position is a good faith description of the expected salary range this role will pay. PCHI reserves the right to pay more or less than the stated range based on a variety of factors such as experience, geography, etc.

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