Inventory Cost Analyst (Hybrid: Onsite and Remote)

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The Inventory Cost Analyst will play a critical role in managing and analyzing inventory costs, ensuring accurate financial reporting, and supporting decision-making processes within our retail operations.

Your primary responsibilities include overseeing inventory costing processes, conducting regular analyses of inventory transactions, preparing financial reports, and collaborating with cross-functional teams to optimize inventory control procedures.

Schedule: Sunday, Monday, Tuesday, Thursday and Friday

Off: Wednesday and Saturday

Hybrid - In office on Tuesday and Thursday, Remote work Sunday, Monday, and Friday

RESPONSIBILITIES:

• Manage and oversee inventory costing processes, including standard costing and inventory valuation.

• Conduct regular analyses of inventory transactions and adjustments to ensure accuracy and adherence to accounting standards.

• Collaborate with cross-functional teams to coordinate, reconcile and investigate physical inventory counts and variances with financial records.

• Prepare and analyze inventory-related financial reports, including variance analysis and trend analysis.

• Monitor and report on inventory levels, aging, and slow-moving items to support inventory management decisions.

• Assist in the month-end and year-end close processes related to inventory, including preparing journal entries and reconciliations.

• Develop and maintain inventory cost models and ensure consistency across all inventory-related activities.

• Implement and improve inventory control procedures to enhance accuracy and efficiency in inventory management.

• Provide insights and recommendations to management on cost-saving opportunities and inventory management strategies.

• Ensure compliance with accounting policies, procedures, and internal controls related to inventory.

• Reconcile and approves cost and quantity variances at PO and invoice level.

SUPERVISION :

• None

RELATIONSHIPS

• Internal : CHEF’STORE leadership, Finance and Accounting leaders and associates

• External : Vendors, Market/Industry sources, consultants, and outside vendors

WORK ENVIRONMENT

• Primarily work indoors in a climate-controlled environment. Operate Office equipment, including personal computer and phone.

MINIMUM QUALIFICATIONS

• 3+ years of proven experience as an Inventory Cost Accountant, Inventory Analyst, or similar role within the retail industry.

• Strong understanding of inventory costing methods and inventory management principles.

• Proficiency in ERP systems, advanced Excel skills (vlookup, pivot tables), and experience with inventory management software.

• Excellent analytical skills with the ability to interpret complex data and identify trends.

• Knowledge of retail operations and familiarity with retail industry trends is preferred.

Certifications/Training

• N/A

Licenses

• N/A

PREFERRED QUALIFICATIONS

• A detail-oriented approach: Must pay very close attention to details and have the drive to get things right.

• High comfort level working in ambiguous, rapidly changing environments and ability to manage multiple projects simultaneously.

• Ability to present information and communicate complex ideas clearly and succinctly.

• Able to prioritize activities in a multi-tasked environment required.

• Regularly provides work that is accurate, thorough and consistent.

• Strong analytical skills. Analyzes complex information.

• Able to make accurate decisions and solve problems, many of which are complex, with little direction.

• Works independently on most assignments. Brings forward ideas for improvement.

• Collaborates well with team members and other work associates.

• High degree of reliability including accountability for daily, weekly, and long-term projects

• Excellent organizational skills and communication skills, both written and verbal.

• Ability to interact positively with wide variety of employees at all skill levels.

• Excellent customer service skills, with the ability to work through obstacles to achieve a goal.

• Possesses a high degree of professionalism, tact, and persistence.

• Up to 10% of travel.

EDUCATION

• Bachelor’s degree in Accounting, Finance, or related field, or equivalent experience. CPA or CMA certification is a plus.

PHYSICAL QUALIFICATIONS

• Must be able to perform the following physical activities for described length of time.

This role will also receive an annual incentive plan bonus.

​Benefits for this role may include health insurance, pre-tax spending accounts, retirement benefits, paid time off, short-term and long-term disability, employee stock purchase plan, and life insurance. To review available benefits, please click here:

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Compensation depends on relevant experience and/or education, specific skills, function, geographic location, and other factors as applicable by law (for example: state or local minimum wage thresholds). The expected base rate for this role is between

$65,000 - $105,000

***EOE – Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/ Age/Genetic Information /Protected Veteran/Disability Status***