Director of Inventory Accounting

Director Of Accounting, Inventory

AEG Vision ("AEG") is the market-leading manager of full-scope optometry practices throughout the country. The optometry practices under management maintain the local brand, practice staff, practice associates, and patients, while AEG invests in medical equipment, technology, infrastructure, and the team in order to elevate the patient experience. AEG's core purpose is to "improve the health of our community by helping our neighbors see better and look their best, one patient at a time." We are assembling a team of experienced industry professionals to help build AEG into the best place to work and ensure that each patient of the practices under management has an outstanding patient experience.

The Director of Accounting, Inventory is responsible for leading a team of accountants and directing all inventory accounting functions. This person is responsible for implementing and maintaining a system of internal controls that will ensure the company assets are adequately safeguarded and that all financial reporting is prepared in compliance with all financial policies. The Director of Accounting, Inventory will ensure, establish and maintain inventory accounting principles, practices, procedures and initiatives.

Responsibilities:

• Lead all inventory accounting functions, including valuation, reserves, costing, reconciliations, and reporting.
• Responsible for hiring, coaching, and developing the inventory accounting team
• Establish and maintain accounting policies related to inventory in compliance with Generally Accepted Accounting Principles (GAAP) and internal controls.
• Partner with operations and supply chain teams to improve inventory accuracy and cost efficiency.
• Ensure accurate inventory reporting in financial statements and disclosures.
• Support external audits, internal audits, and compliance reviews.
• Research and implement new accounting guidance affecting inventory.
• Develop and enhance inventory reconciliation and bi-annual count procedures.
• Oversee physical inventory counts and ensure timely resolution of discrepancies.
• Drive automation and continuous improvement initiatives across inventory accounting processes.
• Collaborate with IT teams on system implementations and enhancements.
• Work closely with supply chain, procurement, manufacturing, logistics, FP&A, and operations leadership. Provide financial analysis and inventory insights to support strategic business decisions.
• Coordinate and oversee the AEG activities relative to internal controls documentation and testing and segregation duties
• Provide advice and counsel on matters to the SVP – Controller
• Promote AEGs core values

Key Deliverables:

• Effectively lead a high performing team of accountants
• Provide subject matter expertise on implementation of AEG's accounting principles
• Assist in the preparation of accounting entries and accurate trial balances at a practice level
• Oversee audit processes and proactively communicate with auditors on accounting for complex transactions
• Support SVP – Controller with special accounting projects and process improvements

Qualifications:

• Bachelor's degree in Accounting, Finance, or related field is required
• Master's degree preferred
• CPA preferred
• 10+ years of Accounting experience with significant inventory exposure.
• Leadership experience managing accounting teams
• Strong knowledge of GAAP, SOX, inventory valuation, and ERP systems.
• Healthcare experience is a plus
• Equivalent combination of education and/or experience may be considered

Knowledge, Skills and Abilities:

• Proficiency in using MS Office.
• Knowledge of GAAP
• Ability to use software to develop spreadsheets and perform data analysis
• Ability to interpret data and make recommendations
• Ability to identify, initiate and execute plans for process improvement
• Ability to prioritize and manage multiple tasks concurrently with a sense of urgency
• Demonstrated ability to form, lead and develop high performing teams
• Excellent verbal and written communication skills: demonstrating effective listening through concise, clear verbal and written communication
• Ability to maintain confidentiality