About the Company
e.l.f. Beauty, Inc. stands with every eye, lip, face and paw. Our deep commitment to clean, cruelty free beauty at an incredible value has fueled the success of our flagship brand e.l.f. Cosmetics since 2004 and driven our portfolio expansion. Today, our multi-brand portfolio includes e.l.f. Cosmetics, e.l.f. SKIN, pioneering clean beauty brand Well People, Keys Soulcare, a groundbreaking lifestyle beauty brand created with Alicia Keys and Naturium, high-performance, biocompatible, clinically-effective and accessible skincare.
In our Fiscal year 24, we had net sales of $1 Billion and our business performance has been nothing short of extraordinary with 21 consecutive quarters of net sales growth. We are the #2 mass cosmetics brand in the US and are the fastest growing mass cosmetics brand among the top 5. Our total compensation philosophy offers every new hire competitive pay and benefits, bonus eligibility (200% of target over the last four fiscal years), equity given to every full-time employee as a part of their new hire package, flexible time off, year-round half-day Fridays, and a hybrid 3 day in office, 2 day at home work environment. We believe the combination of our unique culture, total compensation, workplace flexibility and care for the team is unmatched across not just beauty but any industry.
Position Summary
The Inventory Accounting Manager will be responsible for assisting with all aspects of inventory accounting, including the analysis of system to 3PL variances, inventory reserve calculations, and performing related account reconciliations for the Naturium brand. As the Inventory Accounting Manager, you will also have a hand in both designing and executing monthly financial and operational reporting surrounding inventory, be responsible for performing inventory and cost analysis, and maintaining financial reports, records and general ledgers.
Responsibilities:
Corporate Accounting
• Closely monitor the quarterly cycle count process and system reconciliations with the Operations team. Research variances between book and physical inventory values and work with Operations to resolve inventory variances.
• Set-up and run monthly pre-close meetings with business partners.
• Prepare quarterly excess and obsolescence inventory analysis and evaluate reserves proposing adjustments, as needed.
• Prepare and/or review period-end entries, account reconciliations, and account analyses with appropriate internal control documentation and support when required for assigned areas of the company's operations, including but not limited to, prepaid inventory, inventory, inventory in transit, inventory received not billed, landed cost accruals, Operation’s accruals, cost of goods sold, purchase price variances and inventory adjustments.
• Review, investigate, and resolve accounting discrepancies and reconciling items.
• Perform detailed variance analysis on assigned accounts to understand reasons for changes and help assure accuracy.
• Assist in managing the monthly and annual financial statement closing process and reviews preliminary results for variances, reasonability, etc.
• Act as point inventory liaison for external auditors for audits, including preparing work papers for the auditors and analyzing data. Collaborate with internal team and external and internal auditors to ensure successful audit results and compliance.
• Facilitate period-end closings by ensuring the accurate and timely completion of the inventory close-related responsibilities while focusing on strategies to drive the reduction of the close timeline.
• Evaluate, develop, implement, and monitor accounting and operational policies and procedures for owned areas, with an emphasis on improving accuracy and timeliness, reducing risk and strengthening compliance; especially the reduction of manual, Excel-based activities
• Performs transactional and financial research and analyzes internal and external issues related to inventory shrink, landed cost, margin, etc.
• Responsible for preparation of schedules and analysis that support inventory valuations.
• Play a hands-on role in the day-to-day inventory accounting operations and work closely with cross-functional groups to develop and maintain effective and efficient processes, procedures and policies.
• Recommend, support and implement process improvements to the company's accounting processes, policies and procedures.
• Adhere to company policies and procedures with a focus on internal controls; assist in the improvement of internal control activities.
• Maintain ownership of key controls related to corporate accounts and processes; update SOX narratives and flowcharts as needed and perform all assigned controls to ensure a strong control environment over assigned processes.
• Continuously evaluate internal controls in response to changing systems/processes and work with department leadership and Controller to identify and implement necessary control changes.
• Provide internal and external auditors with requested documentation on a timely basis.
• Create ad-hoc reports and analysis as required.
• Ability to analyze current and dynamic environment with appropriately responding to business and finance requests with ongoing change in the supply chain environmental changes
• Work with internal clients to understand the activities of the business and the effect on the company's accounting.
• Other projects as requested by management
Technical Accounting Based on US GAAP
• Research US GAAP, document thorough analysis and accounting treatment conclusions for non-routine areas.
• Document key estimates and judgments based on historical trends and benchmarked research.
Project Management and Execution
• Lead Accounting related system or automation projects.
• Document business continuity plans and test plans semi-annually.
• Participate in process and post-system implementation improvement projects.
• Participate in accounting operational effectiveness projects.
• Flexibly support the finance and executive team on ad-hoc requests.
Requirements:
Basic Requirements
• Bachelor’s degree in accounting or finance, with 7+ years Accounting experience, including supervision and management of accounting staff.
• CPA is required with 3+ years of audit experience from a global or national Accounting firm (Big 4 a plus)
• Public Company experience and/or consumer products company experience a plus
• Inventory accounting experience.
• Excellent knowledge and application of US GAAP
• Advanced knowledge and experience in Excel and proficiency in Microsoft Office
• Strong project management skills
• Direct experience with Accounting ERP systems (NetSuite | SAP preferred)
Personal Attributes and Capabilities Requirements
• Strong leader with proven ability to motivate and guide the team to deliver excellent results
• Proven ability to operate and thrive in a fast-paced, high-growth company by maintaining focus, strong organization, and time management skills
• Ability to communicate clearly and concisely, verbally and in writing
• Ability to perform tasks concurrently with ease and professionalism
• Must have excellent interpersonal and customer service skills
• Motivated to seek career growth professional development opportunities
• Flexible to respond to requests and work cross-functionally
• Possess strong organization and time management skills
• Strong work ethic, integrity, and commitment to excellence.
\nThis job description is intended to describe the general nature and level of work being performed in this position. It also reflects the general details considered necessary to describe the principal functions of the job identified, and shall not be considered, as detailed description of all the work required inherent in the job. It is not an exhaustive list of responsibilities, and it is subject to changes and exceptions at the supervisors’ discretion.
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