Inventory Accounting Specialist

We are a fashion-lifestyle brand of big dreams, colorful confidence, and inspired design. Founded on Family, Fashion and Philanthropy, we believe that our employees and customers are the heart and soul of our brand, and that giving back is the truest form of success. Fashion meets innovation in the design of our two state-of-the-art facilities based in the heart of Austin, Texas, and overflows into the design of our growing retail environment across the country.   

 
Position Overview
The Inventory Accounting Specialist is responsible for the day-to-day execution of inventory accounting processes, ensuring the completeness, accuracy, and timeliness of inventory transactions, supplier payments, and inventory reconciliations. This role serves as the primary accounting liaison with Production, Inventory Control, Operations, and third-party logistics (3PL) providers to maintain accurate inventory records, resolve transactional issues, and support month-end close activities. The ideal candidate has experience working in Oracle Inventory and Accounts Payable modules and possesses a strong understanding of inventory accounting, procure-to-pay processes, and has experience with internal controls. This position reports to the Cost Accounting Manager and plays a key role in maintaining the integrity of inventory financial data while supporting audit readiness and operational excellence.
Responsibilities

• Perform three-way matching of purchase orders, receiving documentation, and supplier invoices for inventory purchases, ensuring accurate and timely processing of inventory-related payments.
• Review open purchase orders and inventory-related exception reports, including paid unmatched purchase orders, negative inventory stock-on-hand balances, and items without weighted average cost (WAC). Collaborate with Production, Inventory Control, and Receiving to investigate and resolve discrepancies.
• Process inventory-related supplier payments and maintain effective communication with vendors regarding invoice status, discrepancies, and payment inquiries in collaboration with Product teams.
• Prepare monthly inventory reconciliations, inventory roll forwards, recurring journal entries, inventory in-transit accruals, and related account reconciliations to support the month-end close process.
• Maintain and reconcile inventory records for third-party warehouses, distribution partners, and inventory locations outside the Company's ERP system to ensure accurate inventory valuation and financial reporting.
• Monitor inventory transactions and period-end cutoff to ensure inventory activity is recorded completely, accurately, and in the appropriate accounting period.
• Maintain organized supporting documentation for inventory reconciliations, journal entries, supplier invoices, and other accounting records to support internal controls and audit readiness.
• Support physical inventory counts and cycle count activities by preparing reconciliations, recording inventory shrink accruals and adjustments, researching count variances, and assisting with audit observation and documentation.
• Support internal and external financial statement audits by preparing inventory roll forwards, weighted average cost (WAC) validation schedules, reconciliations, and other requested supporting documentation.
• Identify and recommend process improvements that enhance inventory accuracy, payment processing, reconciliation efficiency, and internal controls.
• Perform other inventory accounting responsibilities as assigned.

• Bachelor's degree in Accounting or Finance, CPA or aspiring CPA is preferred
• 2+ years of progressive accounting experience; big 4 accounting experience is highly preferred
• Experience with general ledger reconciliations, accounts payable, and three-way-match process
• Understanding of inventory accounting principles, including inventory valuation and weighted-average costing.
• Experience supporting financial statement audits; focus on physical inventory and other inventory audit procedures is preferred
• Advanced proficiency in Microsoft Excel.
• Excellent analytical, organizational, and problem-solving skills.
• Strong written and verbal communication skills with the ability to collaborate effectively across multiple departments.
• Experience with Oracle ERP is preferred
• Experience in a manufacturing, consumer products, retail, or distribution, including third-party logistics, is preferred

• Strong knowledge of inventory and cost accounting principles
• Experience with general ledger activity and account reconciliations
• Familiarity with accounts payable and procure-to-pay processes
• High attention to detail, with a focus on completeness, accuracy, and timely follow-through
• Ability to collaborate cross-functionally with Accounting, Operations, Inventory Control, Production, and external partners
• Strong financial analysis, research, and problem-solving skills
• Continuous improvement mindset with the ability to identify process efficiencies and support operational excellence