Staff Accountant

Job Description

Staff Accountant – Inventory Accounting | Lids

The Tone:
This is a full-time role at Lids, located in Indianapolis, IN. Lids Sports Group, with over 1,300 stores, fuels fandom by bringing sports, fashion, and culture together through licensed headwear, apparel, and unique customization. They build immersive retail experiences and deliver premium, fan-driven products. This role is crucial for maintaining the accuracy and integrity of the company’s financial records, particularly in inventory, ensuring informed business decision-making and compliance.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person, Indianapolis, IN

• Team: Reports to the Senior Manager, Inventory Accounting
• Mission: This person ensures accurate financial reporting and supports informed business decision-making by managing and reconciling financial transactions, with a focus on inventory.
• Tech Stack: D365 F&O (AR, AP, GL, Inventory Management), Microsoft Excel, Microsoft Office applications

What You’ll Actually Do
• Financial Reporting: Assist in preparing, analyzing, and reconciling monthly financial statements to ensure accuracy and compliance with company policies.
• Cross-functional Collaboration: Partner with Supply Chain, Accounts Receivable, Corporate Programs, and Treasury teams to gather, validate, and record financial information critical to the month-end close process.
• Inventory Management: Maintain and monitor inventory transactions that occur in the normal course of business, understanding GAAP and SOX procedures.
• Data Analysis & Insights: Prepare recurring and ad hoc reports on key business and financial performance metrics, identifying trends, variances, and opportunities for improvement.
• Reconciliation & Investigation: Perform account reconciliations and investigate variances to ensure the accuracy and completeness of financial records.

The Must-Haves
• Background: Bachelor’s level degree in Accounting or Finance. Strong understanding of accounting principles, financial reporting concepts, GAAP, and inventory accounting procedures involving SOX.
• Experience: 1-2 years of experience in accounting, finance, financial analysis, or related business functions. 1-2 years of experience supporting accounts receivable, accounts payable, and retail inventory movement.
• Skills: Advanced proficiency in Microsoft Excel for organizing, analyzing, and interpreting large datasets; strong analytical, problem-solving, and critical thinking skills; exceptional attention to detail and commitment to maintaining accurate financial records.
• Bonus: Experience with Microsoft Dynamics 365 (D365) is preferred, including understanding or experience with key financial modules like AR, AP, GL, and Inventory Management.