Production Inventory Control Accountant

Job Description

Accountant, Beauty Inventory Control | Victoria’s Secret & Co.

The Tone:
This is a full-time role at Victoria’s Secret & Co., located in Reynoldsburg, OH, with an opportunity for travel 3-4 times per year. Victoria’s Secret & Co. is a world-leading specialty retail brand recognized globally for innovation and excellence in lingerie and fashion. The company sets the standard for retail by placing customers at the center of everything, creating products and experiences that bring joy. This role ensures the financial integrity of beauty inventory held at vendor manufacturing facilities, directly impacting supply chain efficiency and accurate financial reporting for a globally recognized brand.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person, Reynoldsburg, OH
• Pay: $59300–$77805 yearly
• Mission: To manage Beauty-owned inventory at vendor manufacturing facilities, ensuring accurate financial transactions and reconciliations in SAP.
• Tech Stack: SAP, Excel, Word

What You’ll Actually Do
• Manage and reconcile: Manage Beauty-owned inventory residing at vendor manufacturing facilities, actively working with vendors to resolve unprocessed receipts, production, or shipments and performing inventory reconciliations with vendor sites to transact resulting inventory differences.
• Ensure proper transaction processing: Ensure all vendor transactions are accurately processed in SAP, encompassing receipts, production, shipments, shrink, and damages, and partner with vendors to ensure adequate cut-offs and reporting for PI/B2B reconciliations.
• Address discrepancies and issues: Research and resolve aged vendor metric issues, including MRBR, GR/IR, and Failed IDOCs, and address blocked invoice issues in partnership with AP to ensure vendors are paid within payment terms and resolve invoice pricing discrepancies.
• Monitor and account for inventory conditions: Ensure damaged or rejected items at suppliers are properly recorded in SAP, communicate disposal schedules to vendors and track adjustments, and identify Excess & Obsolete (E&O) reserved items during physical inventory to account for them accordingly.
• Report and communicate financial status: Complete monthly journal entries, prepare GR/IR, MRBR, and In Transit metrics for weekly team meetings, communicate the status of aged/blocked invoices, and report balance sheet variances to upper management in monthly blackbook meetings.

The Must-Haves
• Background: Entry-Level. Bachelor’s degree in accounting or finance preferred, with core domain knowledge in accounting and/or finance operations.
• Experience: Minimum of one-year experience in accounting and/or finance operations, preferably with a company with annual volume exceeding $100MM. Experience in journal entry preparation, auditing, and balance sheet reconciliation is preferred.
• Skills: Advanced PC skills, including Excel and Word; excellent customer service, verbal, and written communication skills; strong problem-solving and organizational skills.
• Bonus: Relevant SAP experience; advanced degree or CPA.