Sr. Inventory Accountant (Fixed Term)

Introduction

The Senior Inventory Accountant will report to the Sr Manager International Accounting and will be based in Madrid or London with exposure to the corporate headquarters accounting organization in the United States as well as to the EMEA regional teams. He/she will be part of a high performing team and will be expected to lead, take ownership of his/her areas of responsibility, and ensure accurate and timely completion of company reporting requirements.

This is a fixed term employment for 12 months.

What You Will Do:

• Responsible for accounting of Cost of Sales, Inventory, and Operating Expenses
  • Own inventory accounting processes
    • Excess & obsolete valuation, scrap analyses
    • Review of accruals for freight, duties, warehouse
    • Perform monthly inventory cost, overhead and absorption variance analysis and propose and record adjustments as needed
    • Perform monthly warranty analysis and prepare monthly journal entry. Analyse warranty rate based on historical claims analysis as well as collaborating with Customer Care on future expectation. Ensure assumptions are fully documented and updated as appropriate
  • Document and communicate required process and level of granularity to support detailed review of COGS accounts
  • Regular review of inventory 3-way PO reports to ensure items are receipted in the system in a timely manner
  • Monthly contract manufacturing statement review and cutoff procedures
  • Month-end BS reconciliations of key accounts
  • Monthly review of P&L and BS and explanation of variances
  • Maintenance of financial records that support both US GAAP and local statutory requirements
• Oversight of treasury activities and close collaboration with treasury team for cash needs and excess cash management
  • Weekly cash reconciliations in cash management
  • Monthly cash forecast preparation and variances investigation
  • Key point of contact for Oracle cash management module developments
  • Oversight of intercompany cash pooling transactions between UK and European subsidiaries
• Other accounting and reporting responsibilities
  • Ensure compliance of key accounting controls for Sarbanes Oxley purposes
  • Support of quarterly reviews and annual audits by internal and external auditors
  • Communicate with the business to capture changes in processes, supplier relationships, or new reporting needs related to a fast-changing environment
• Continuous process improvements
  • Supporting IT projects due to business growth and changing environment, including systems integration with external service providers
  • Explore and optimize ERP data to build meaningful reports using BI software (typically Tableau)

To Be Successful You Will Have:

• Bachelor's Degree in Accounting
• Previous public accounting experience or similar accounting role
• Understanding of US and UK GAAP
• Strong experience with Oracle or similar ERP system
• Analytical skills including strong Excel knowledge
• Attention to detail as well as analytical and problem solving skills
• Highly effective communication skills, both oral and written
• Willingness to respond to changing business needs of a growing company
• Working knowledge of Sarbanes Oxley desirable
• Accounting qualification (CPA, ACCA) preferred