Inventory Accountant

Job Description

Inventory Accountant | Delta Galil Industries

The Tone:
Delta Galil USA, Inc. is a global manufacturer and marketer of branded and private label apparel, founded in 1975, dedicated to creating products with a “body-before-fabric” philosophy, emphasizing comfort, aesthetics, and quality. The company produces a wide array of items including seamless apparel, intimate wear, and activewear under owned brands like Schiesser, P.J. Salvage, and Delta, alongside licensed brands such as adidas and Tommy Hilfiger. This role is a full-time position within the Finance team, located in Montoursville, PA, operating on a hybrid schedule requiring four days in the office. The Inventory Accountant is pivotal for maintaining the accuracy of inventory accounting, facilitating the month-end close, and ensuring robust inventory reconciliations, which directly supports the integrity of financial reporting across the company’s diverse product lines.

The TL;DR
• Role: Full Time
• Type: Full Time
• Location: Hybrid, Montoursville, PA
• Pay: $80000–$85000 yearly
• Team: Finance team, collaborating with Accounting, Supply Chain, Operations, and Production.
• Mission: Ensure accuracy of inventory accounting, support financial close, and maintain inventory reconciliations to uphold the integrity of inventory transactions and reporting.
• Tech Stack: SAP, Microsoft Excel (PivotTables, VLOOKUP/XLOOKUP, data analysis)

What You’ll Actually Do
• Financial Close: Prepare inventory-related journal entries and participate in the monthly, quarterly, and year-end close processes.
• Reconciliation: Reconcile inventory subledger to the general ledger and investigate discrepancies to ensure timely resolution.
• Variance Analysis: Analyze inventory transactions and monitor inventory variances, including purchase price variances, write-offs, shrinkage, and obsolescence.
• Reserve Management: Prepare and maintain inventory reserve calculations, specifically for excess and obsolete inventory.
• Cross-Functional Collaboration: Partner with Supply Chain, Operations, Distribution, and Purchasing teams to ensure inventory transactions are recorded accurately and timely.

The Must-Haves
• Background: Bachelor’s degree in Accounting, Finance, or a related field, with a strong understanding of inventory accounting principles, including valuation methods such as FIFO and standard costing.
• Experience: A minimum of five years of accounting experience, with significant focus on inventory accounting, and practical experience working within an ERP system, preferably SAP.
• Skills: Advanced proficiency in Microsoft Excel, including PivotTables, VLOOKUP/XLOOKUP, and data analysis; strong analytical, organizational, and problem-solving abilities with exceptional attention to detail; excellent communication and cross-departmental collaboration skills.
• Bonus: Previous experience in the apparel, consumer products, manufacturing, or wholesale industry.