Job Location: Corporate Headquarters - Fountain Valley, CA
Position Type: Full Time
Education Level: 4 Year Degree
Travel Percentage: None
Job Shift: Day
Job Category: Accounting
Description:
Reporting to the Controller, this role will perform accounting and analysis for the purchasing, inventory, disbursements and cost of goods accounting cycle for a sporting goods consumer products business with global product sourcing. This role will assist with the general ledger financial close including the preparation of assigned journal entries and account reconciliations. Also, will assist with monthly financial statements, external audits and miscellaneous tax items.
ESSENTIAL FUNCTIONS:
Calculate and maintain standard costs for overhead cost components (freight and duties). Also verify that factory costs and subcomponent costs are accurate.
Perform monthly reconciliation of inventory subledger to general ledger and research/adjust for variances.
Prepare all journal entries and account reconciliations for all balance sheet and P&L accounts impacted by the inventory/COGS cycle including inventory, capitalized cost variances, accounts payable, accrued expenses, direct COGS, indirect COGS variances and royalty expense.
Manage all reserves for excess, discontinued and obsolete inventory.
Validate and record results of periodic inventory cycle counts and/or annual physical inventory count.
Work closely with the product development and supply chain teams to ensure that all new inventory items are subjected to cost/price/margin analysis.
Develop and maintain pricing analysis model (derived from cost analysis).
Oversee the preparation of all quarterly royalty reports and remittances. Work closely with business development team to ensure that all new license agreements are accounted for properly. Maintain accounting for royalty accruals and prepaid minimum guarantees.
Calculate and file all duty drawback claims.
Assist outside legal counsel in all duty protest claims.
Analyze margins at month end paying particular attention to variances due to cost changes, product mix shifts and customer mix.
Assist in preparation of annual budget and semiannual reforecast.
Develop better reporting tools in ERP and Business Intelligence systems to analyze gross margins by product, customer, region, sales representative, etc.
Familiarity with Great Plains ERP system is a plus.
Other projects as assigned
POSITION SPECIFICS:
This position is based out of the Fountain Valley, CA office
This is a full-time position
Typical work hours and days are Monday – Friday, 8:00 a.m. to 5:00 p.m.
No travel is expected for this position.
Pay Transparency
The Company is committed to fair, equitable, and transparent compensation. Final compensation will be determined by various factors such as your relevant work experience, education, certifications, skills, and geographic location.
The salary range for this role in Fountain Valley, CA is $95,000 – $105,000
In addition, you may be eligible for additional compensation, such as a bonus. Employees may also be eligible for a wide range of other benefits, including health & wellness benefits, retirement, time off, employee discounts, and others.
SUPERVISORY RESPONSIBILITIES:
This position does not have any direct supervisory responsibilities; however, the role requires significant collaboration with employees across multiple functions and includes analyzing, reviewing and certifying the work of others prior to entries being posted in the ledgers.
Qualification:
REQUIRED EDUCATION AND EXPERIENCE:
Bachelor’s degree required (Preferred major in Accounting, Finance or related business degree)
5-10 years accounting experience. Consumer product or retail industry experience is preferred
Familiarity with Great Plains ERP system is a plus.
Strong user in Excel (e.g., pivot tables, V-lookups) and other MS Office applications
