Inventory – Accountant I (Corporate)

Job Description

ACCOUNTANT I | Sally Beauty

The Tone:
This is a hybrid role at Sally Beauty, located in Plano, Texas, working from our Legacy West Support Center. Sally Beauty Holdings operates a significant retail, distribution, and corporate network, providing beauty products to a wide customer base. This Accountant I position is crucial for supporting the comprehensive accounting and financial reporting related to the company’s vast inventory across all operational facets. The individual in this role ensures that all inventory transactions are accurately recorded, reconciled, and reported, thereby supporting critical month-end close processes, inventory valuations, and adherence to internal controls, which is vital for financial compliance and sound business decision-making.

The TL;DR
• Role: Early Career
• Location: Hybrid – Plano, TX

• Mission: Responsible for supporting the accounting and financial reporting activities related to company inventory across Sally Beauty Holdings’ retail, distribution, and corporate operations.
• Tech Stack: Microsoft Excel, ERP or accounting systems such as Lawson, SAP, Oracle

What You’ll Actually Do
• Reconciliation: Perform detailed inventory account reconciliations and meticulously investigate any identified variances to ensure the integrity and accuracy of financial reporting.
• Transaction Processing: Prepare and analyze various inventory-related journal entries and general ledger transactions, ensuring proper classification and recording in the financial system.
• Close Support: Actively support critical month-end and year-end closing activities specifically pertaining to inventory accounting processes.
• Compliance Review: Review a wide range of inventory adjustments, transfers, reserves, and write-offs, along with other inventory transactions, to confirm their accuracy and compliance with company policies.
• Discrepancy Resolution: Collaborate and partner closely with key teams such as Supply Chain, Distribution Centers, Merchandising, and Operations to effectively resolve any identified inventory discrepancies.
• Analysis & Reporting: Analyze inventory trends and generate relevant reporting to provide insights that support informed business decision-making across departments.
• Audit Assistance: Assist with internal and external audits by gathering and providing comprehensive inventory-related documentation and analytical support.
• Process Improvement: Identify and propose opportunities to enhance inventory accounting processes, improve reporting accuracy, and boost overall operational efficiency.

The Must-Haves
• Background: Possess a Bachelor’s degree in Accounting, Finance, or a closely related field, establishing foundational knowledge for the role. This is an early career position.
• Experience: Bring 1 to 3 years of progressive accounting experience, ideally with exposure to inventory, cost accounting, retail, distribution, or supply chain environments. Demonstrate experience in supporting month-end close processes and general ledger reconciliations.
• Skills: Exhibit advanced proficiency in Microsoft Excel for data analysis and reporting. Possess strong analytical and problem-solving skills to investigate discrepancies and develop solutions. Demonstrate strong written and verbal communication skills for effective collaboration with various teams.
• Bonus: Knowledge of SOX compliance and internal control requirements is preferred. Experience utilizing ERP or accounting systems such as Lawson, SAP, Oracle, or similar platforms is also preferred.