POSITION TITLE: Inventory Accountant
The Inventory Accountant ensures that all product costs associated with the procurement or manufacture of GUESS inventory are correct and are accurately reflected in the Company's standard costs. The Accountant provides feedback to outside departments and facilitates the flow of costing information between Finance, Production and Merchandising while supporting the Cost Accounting Group in the timely reporting of financial results
Ensure accurate and timely reporting of financial transactions by preparing and analyzing month end journal entries to ensure the correct recording of sales, cost of sales and inventory. Prepare and analyze the monthly inventory and liabilities are accurately recorded. Prepare month end gross margin analysis for US, CA and e-Commerce.
Support Senior Accountants as required verifying exceptions, tracking costs, or analyzing events. Prepare schedules for management and the organization summarizing inventory, sales, or other key performance measures.
Perform account reconciliation to validate all licensee payments and receivers validating that there are no duplicate payments being released to the P & L. Work with MIS and Retail Buying to validate and or rectify and variances.
Provide support to Inventory Control by reviewing weekly store to store in-transit transactions. Reviewing exception notification for assigned process. Assist in reconciliation of Bi-Annual Physical inventories.
EDUCATION: Bachelor's Degree in Finance or Accounting
YEARS OF EXPERIENCE: 0-2 Years