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Senior Inventory Accountant at Elfbeauty

Elfbeauty · Ahmedabad, India · Hybrid

Microsoft Office

Microsoft Excel

SAP

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Description

About the Company

e.l.f. Beauty, Inc. stands with every eye, lip, face and paw. Our deep commitment to clean, cruelty free beauty at an incredible value has fueled the success of our flagship brand e.l.f. Cosmetics since 2004 and driven our portfolio expansion. Today, our multi-brand portfolio includes e.l.f. Cosmetics, e.l.f. SKIN, pioneering clean beauty brand Well People, Keys Soulcare, a groundbreaking lifestyle beauty brand created with Alicia Keys and Naturium, high-performance, biocompatible, clinically-effective and accessible skincare.

In our Fiscal year 25, we had net sales of $1 Billion and our business performance has been nothing short of extraordinary with 26 consecutive quarters of net sales growth. We are the #2 mass cosmetics brand in the US and are the fastest growing mass cosmetics brand among the top 5. Our total compensation philosophy offers every full-time new hire competitive pay and benefits, bonus eligibility (200% of target over the last four fiscal years), equity, and a hybrid 3 day in office, 2 day at home work environment. We believe the combination of our unique culture, total compensation, workplace flexibility and care for the team is unmatched across not just beauty but any industry.

Visit our Career Page to learn more about our team: https://www.elfbeauty.com/work-with-us

Position Summary

We are looking for a detail-driven, collaborative and organized Senior Inventory Accountant to join our dynamic, high-growth beauty company.

The Senior Inventory Accountant will be responsible for assisting with all aspects of inventory accounting, including the analysis of system to 3PL variances, inventory costing under US GAAP and performing related account reconciliations for the e.l.f. Cosmetics brand. As Senior Inventory Accountant, you will also have a hand in executing monthly financial and operational reporting surrounding inventory, be responsible for performing inventory and cost analysis, and maintaining financial reports, records and general ledgers.
 
The ideal candidate will have experience in public accounting and/or a publicly traded, corporate accounting environment. SAP S/4 HANA experience required.

Department: Accounting & Finance
Location: Ahmedabad
Reporting Relationship: Manager, Inventory Accountant
Shift timings: 4:30 PM to 1:30 AM IST / 5:30 PM to 2:30 AM (Extendable when support required)

Responsibilities

  • Closely monitor the monthly cycle count process and system reconciliations with the Operations team. Research variances between book and physical inventory values and work with Operations to resolve inventory variances.
  • Prepare period-end entries, account reconciliations, and account analyses with appropriate internal control documentation and support when required for assigned areas of the company's operations, including but not limited to, prepaid inventory, inventory, inventory in transit, inventory received not billed, landed cost accruals, Operation’s accruals, cost of goods sold, purchase price variances and inventory adjustments.
  • Investigate and resolve accounting discrepancies and reconciling items.
  • Perform detailed variance analysis on assigned accounts to understand reasons for changes and help assure accuracy.
  • Assist in the monthly and annual financial statement closing process and prepares preliminary results for variances, reasonability, etc.
  • Support period-end closings by ensuring the accurate and timely completion of the inventory close-related responsibilities while working to drive the reduction of the close timeline.
  • Evaluate and develop accounting and operational policies and procedures for owned areas, with an emphasis on improving accuracy and timeliness, reducing risk and strengthening compliance; especially the reduction of manual, Excel-based activities
  • Performs transactional and financial research and analyzes internal and external issues related to inventory shrink, landed cost, margin, etc.
  • Responsible for preparation of schedules and analysis that support inventory valuations.
  • Play a hands-on role in the day-to-day inventory accounting operations and work closely with cross-functional groups to develop and maintain effective and efficient processes, procedures and policies.
  • Recommend, support and implement process improvements to the company's accounting processes, policies and procedures.
  • Adhere to company policies and procedures with a focus on internal controls; assist in the improvement of internal control activities.
  • Create ad-hoc reports and analysis as required.
  • Ability to analyze current and dynamic environment with appropriately responding to business and finance requests with ongoing change in the supply chain environmental changes
  • Work with internal clients to understand the activities of the business and the effect on the company's accounting.
  • Other projects as requested by management

    • Requirements

  • Bachelor’s degree or equivalent in accounting or business-related field; Chartered Accountant (CA), Certified Public Accountant (CPA), or similar professional certification.
  • Minimum of 4 years’ audit or accounting-related experience (i.e. month end close, etc.), with a minimum of 2 years of Inventory experience. 
  • Inventory accounting experience
  • Experience working for a publicly traded company in a corporate accounting role, ideally in beauty or consumer products.
  • Advanced knowledge in Excel and proficiency in Microsoft Office
  • Excellent knowledge and application of US GAAP
  • Strong work ethic, integrity, and commitment to excellence
  • Big Four accounting firm experience is a plus
  • SAP S/4HANA experience is required
  • Experience in automation is a plus

    • Additional Information

    This job description is intended to describe the general nature and level of work being performed in this position. It also reflects the general details considered necessary to describe the principal functions of the job identified, and shall not be considered, as detailed description of all the work required inherent in the job. It is not an exhaustive list of responsibilities, and it is subject to changes and exceptions at the supervisors’ discretion.

    e.l.f. Beauty respects your privacy. Please see our Job Applicant Privacy Notice (www.elfbeauty.com/us-job-applicant-privacy-notice) for how your personal information is used and shared.
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