Senior Accountant, Inventory Accounting

Job title: Senior Accountant, Inventory Accounting

Job description: Description & Requirements

Who we are

lululemon is a yoga-inspired technical apparel company up to big things. The practice and philosophy of yoga informs our overall purpose to elevate the world through the power of practice. We are proud to be a growing global company with locations all around the world, from Vancouver to Shanghai, and places in between. We owe our success to our innovative product, our emphasis on our stores, our commitment to our people, and the incredible connections we get to make in every community we are in.

About the Inventory Accounting Team

As part of the Finance team, we are responsible for the overall integrity, controls and reporting of lululemon’s global inventory. With over $700M in inventory spread across 490+ stores and 8 distribution centers, we take pride in providing the business and our investors with accurate inventory information.

A day in the life:

Working closely with the Manager, Sales and Inventory Accounting, this person will play a pivotal role in accurately accounting for lululemon’s inventory. The individual will need to take a hands-on approach and will have overall responsibility to ensure accuracy and integrity in reporting for all inventory related activities.

They are responsible for assigned G/L inventory accounts from journal entries to analysis and internal/external reporting. They will become the subject matter expert for their assigned accounts and will be called upon to apply and advise on applicable accounting principles. They will also highlight trends, create reports and provide insight into the activities of the account to the business. They will collaborate closely with inventory control in assessing accounting implications related to inventory movement and issues. As new inventory system functionality is created, they will be involved in considering accounting requirements and testing the functionality.

Core Accountabilities:

• Month end journal entry preparation & account analysis;
• Monthly reconciliation and review of assigned B/S and P&L accounts;
• Analysis and application of GAAP requirements related to inventory and sales and adoption of new accounting standards and policies as applicable;
• Resolving accounting issues related to inventory and sales that have been escalated and concise documentation of conclusions;
• Preparation and documentation of supporting information as needed for internal, external and regulatory audits;
• Performing monthly & quarterly control requirements and regular assessment of control needs;
• Develop procedures to improve processes;
• Review and update procedure documents and policies;
• Work cross functionally with other teams and departments to support appropriate accounting of inventory;
• Act as a resource to accounting and other departments as it relates to accounting for inventory.

Qualifications:

• A business degree in accounting or finance;
• A CPA designation or equivalent;
• 3+ years of professional work experience
• Month end close and reporting experience is an asset
• Sales and inventory accounting experience an asset
• Experience with Oracle eBS and Spreadsheet Server, or equivalent, an asset
• Good working knowledge of MS Office with strong skills in Excel
• Excellent teamwork & interpersonal skills;
• Excellent written and verbal communication skills;
• Ability to work well under pressure and capable of meeting tight timelines;
• Ability to suggest alternatives and ideas for continuous improvement.
• Knowledge of US GAAP is an asset

Must haves:

• Acknowledges the presence of choice in every moment and takes personal responsibility for their life.
• Possesses an entrepreneurial spirit and continuously innovates to achieve great results.
• Communicates with honesty and kindness, and creates the space for others to do the same.
• Leads with courage, knowing the possibility of greatness is bigger than the fear of failure.
• Fosters connection by putting people first and building trusting relationships.
• Integrates fun and joy as a way of being and working, aka doesn’t take themselves too seriously.

Only those applicants under consideration will be contacted. Please accept our utmost appreciation for your interest. lululemon is an Equal Employment Opportunity employer. Employment decisions are based on merit and business needs, and not on race, color, creed, age, sex, gender, sexual orientation, national origin, religion, marital status, medical condition, physical or mental disability, military service, pregnancy, childbirth and related medical conditions or any other classification protected by federal, state or provincial and local laws and ordinances. Reasonable accommodation is available for qualified individuals with disabilities, upon request. This Equal Employment Opportunity policy applies to all practices relating to recruitment and hiring, compensation, benefits, discipline, transfer, termination and all other terms and conditions of employment. While management is primarily responsible for seeing that lululemon equal employment opportunity policies are implemented, you share in the responsibility for assuring that, by your personal actions, the policies are effective.

lululemon is committed to providing reasonable accommodation to applicants with disabilities. If you would like someone from our team to contact you for individualized support, email us at . In your email, please include the position title, the location of the position and the nature of your request.

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