Senior Inventory Accountant


Los Angeles, CA, US
  • Job Type: Full-Time
  • Function: Accounting/Finance
  • Post Date: 04/03/2021
  • Website:
  • Company Address: , Los Angeles, CA

About FabFitFun

FabFitFun is a lifestyle membership that inspires women to lead happier, healthier lives through product and brand discovery. Its flagship product, the FabFitFun Box, delivers a curated collection of full-size products across beauty, fashion, wellness, fitness, home, technology and beyond - to more than one million members - each season. In addition to the box, FabFitFun members receive access to FabFitFunTV, a streaming video service offering on-demand wellness videos, daily lifestyle content, the FabFitFun online Community and year-round exclusive sales and shopping experiences.

Job Description

FabFitFun is searching for a Senior Inventory Accountant to join our Finance and Accounting team. This individual will report to the Director, Inventory Accounting and have the opportunity to greatly impact and improve inventory processes within a growing eCommerce business. We are looking for someone who is excited to work with a high volume of inventory at a fast-paced warehouse. 

*Please note, this role will be located at our Fulfillment Center in Chino once we return to the office


What You’ll Do:

  • Manage and report warehouse inventory levels by product line and SKU; including inventory excess and obsolete balances, inventory projections, inventory turns, and other inventory management measures
  • Work closely with Merchandising, Operations, Warehouse, and other cross-functional departments to identify and implement strategic objectives for improving inventory performance
  • Partner with Data Engineering to update and maintain the inventory management business intelligence dashboard to make sure data is relevant and accurate
  • Publish weekly and monthly inventory KPI’s; such as inventory value, inventory turns, weeks of supply and reserve balances by product type to share with key stakeholders
  • Maintain inventory accounting reports that compare open PO’s, inventory receipts and matched receipts, with adequate variance analysis
  • Review bill of material costs to ensure accuracy in the warehouse management system, and approve item and box build standard costs as needed
  • Perform balance sheet inventory account reconciliations and cost of goods sold analysis
  • Responsible for accurate tracking of RTV, donations, liquidations, and disposition of related inventory, and collaborate with the Director of Inventory Accounting to make sure resulting inventory adjustments and valuations are accurately reported in the financial statements
  • Orchestrate the month end close process; complete pre-close tasks, run month end inventory reports, analyze and understand gross margin fluctuations period over period, compare and understand AOP cost of goods sold assumptions and communicate on significant variances and transactional activities to Operations team
  • Collaborate with Accounts Payable team to improve GL coding accuracy and inventory accruals
  • Create quarterly bank debt covenant reporting
  • Support timely internal and external audit requests
  • Assist physical inventory reconciliations, performance measure analysis, and other ad hoc projects

 What You'll Bring:

  • Bachelor's degree in Accounting/Finance or equivalent field, CPA a plus
  • 4+ years of relevant accounting experience
  • Strong knowledge of GAAP
  • Excellent analytical skills with a focus on inventory management and control systems
  • Advanced knowledge in Microsoft Excel
  • Demonstrate an ability to work independently, think critically, and execute well in a fast-paced environment
  • Effectively communicate and collaborate with teams across all departments 

Bonus Points:

  • Background in MRP planning and inventory management and reporting
  • Experience with a retail, merchandising, or manufacturing preferred
  • Familiarity with warehouse management systems, High Jump (WMS) preferred
  • Knowledge of inventory accounting for both purchased and manufactured goods at a high volume

What You'll Get:

  • Amazing benefits including medical, dental, vision, FSA, and 401k
  • The​​ opportunity​ ​to​ ​work​ ​in​ ​a​ ​collaborative environment​ ​full​ ​of​​ bright, driven, and happy​ ​people​
  • Be a part of one of the fastest growing companies in the US that is revolutionizing eCommerce
  • Flexible PTO
  • Free FabFitFun subscription and quarterly credit in the Add-Ons store

FabFitFun sits at the intersection of content, commerce, and community. We inspire over one million members to lead happier, healthier lives through product and brand discovery and continuously find innovative ways to offer our members value beyond the box. To achieve this, we are building a talented team of collaborative individuals with strategic minds and entrepreneurial identities.

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Disclaimer: Local Candidates Only
This company does NOT accept candidates from outside recruiting firms. Agency contacts are not welcome.