Tory Burch

  • Inventory and Cost Staff Accountant

    Job Location US-NJ-Jersey City
  • Overview

    Key member of the Finance team focusing on Inventory and Cost accounting responsibilities which will include but not limited to: working directly with General Accounting, FP&A and Distribution Centers, preparing management reporting, performing the stock ledger to general ledger reconciliation in SAP, and performing the freight clearing accounts to ensure accurate global cost.


    FOCUS AREA #1 (Accounting)

    * Key player in business changes that impact inventory and cost accounting

    * Global Reconciliation between the Inventory Stock Ledger and General Ledger

    * Key player in month end close and responsible for ensuring the close process is completed smoothly

    * Ensure in-transit inventory is properly reported and accounted for

    * Review and report results and reconcile variances

    * Day-to-day inventory accounting operations and work closely with cross-functional counterparts in our distribution centers and supply chain functions to develop and maintain policies and processes to handle new or existing transaction streams

    * Process various month-end journals applicable to inventory, revenue and COGS and prepare related month-end reconciliations

    * Analyze month end reports for variances to forecast and budget and follow up on unusual variances to ensure understanding

    * Support process flow initiatives conducted by Supply Chain and ensure that accurate accounting and valuation of inventory is maintained

    * Assist with year-end audits

    * Assist with preparation of various audit and financial statement schedules

    * Complete monthly flux analysis

    * Prepare physical inventory roll-back/ roll-forwards


    FOCUS AREA #2 (Analysis, Inventory and Cost)

    * Continuous research on new ways to improve the receipt and disbursement of merchandise and freight

    * Assist with creating, monitoring and reporting KPI’s for all aspects of inventory and cost accounting

    * Assist with merchandising/ planning partners in analyzing aging of inventory

    * Review cost reports, gross margin reporting and variance analysis

    * Inventory receipt tracking and analysis

    * Maintaining and validating the Style Cost Master report to ensure costing integrity

    * Test styles on a weekly basis and ensure that the system cost matches the cost on the style cost master/ODS

    * Partner with team to deliver accurate and timely actual costs data on all requests from customers both internal and external

    * Work with customer service to ensure proper coding in place for free of charge orders

    * Provide ad hoc analyses


    FOCUS AREA #3 (Reporting)

    * An understanding of finance and accounting pertaining to sales, inventory, COGS and margin analysis

    * Inventory, general ledger and/or supply chain support required

    * Must have strong skills in understanding detail mapping and understanding transactional inventory process flows

    * Required to deep dive into details with minimal information provided

    * Ability to present results to the business partners

    * Perform special year end audit reports for external auditor document review.


    FOCUS AREA #4 (Cost Audit)

    * Support and provide auditors with costing documents for annual audit.

    * Perform special year end audit reports for external auditor document review.

    * Process physical inventory adjustments where indicated.



    * Excellent communication, interpersonal and presentation skills

    * Ability to work in a fast-paced and dynamic environment

    * Strong interpersonal skills: works well as part of a cross-functional team

    * Required to work cross-functionally with other departments

    * Self-starter that takes the initiative to tackle issues and solve problems

    * Proven track record to drive and implement process improvements and maintain compliance on key business processes

    * Includes record retention, all individual filing, and Ad hoc projects

    * Additional items and/or Special projects as assigned

    * Procedures updates (ongoing updating and maintenance of all procedure manuals)


    * Minimum of 5 - 7 years of experience in a retail, manufacturing, or consumer products environment.

    * For this position, ideal candidate should possess excellent communications skills and be able to demonstrate problem-solving and follow through capabilities

    * Proficient in Excel and Word

    * Strong written and verbal communication skills

    * Strong analytical skills

    * Detail-oriented in a high volume environment

    * Highly motivated self-starter with the ability to work with sense of urgency, accuracy, teamwork and cooperation

    * Experienced with Inventory systems a plus (SAP, Manhattan WMI, EPICOR systems)

    * Bachelor’s degree required

    * Available to travel 10% of the time


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