Senior Inventory Accountant

Posted:
10/23/2024, 10:19:40 AM

Experience Level(s):
Senior

Field(s):
Accounting

Workplace Type:
Remote

A pioneer in K–12 education since 2000, Amplify is leading the way in next-generation curriculum and assessment. Our core and supplemental programs in ELA, math, and science engage all students in rigorous learning and inspire them to think deeply, creatively, and for themselves. Our formative assessment products help teachers identify the targeted instruction students need to build a strong foundation in early reading and math. All of our programs provide educators with powerful tools that help them understand and respond to the needs of every student. Today, Amplify serves more than 10 million students in all 50 states. For more information, visit amplify.com.

Amplify has grown rapidly, particularly over the past three years primarily based on its high quality instructional materials. In May 2023, Amplify raised a major Series C financing led by Cox Enterprises, which joined Amplify’s lead investor, Emerson Collective (which was founded by Laurene Powell Jobs), Learn Capital, and A-Street Ventures.

As we continue to expand our operations, we are seeking a talented and experienced Senior Inventory Accountant to join our finance team and play a pivotal role in driving our success. You will be responsible for performing all aspects of inventory accounting, cost analysis, and financial reporting related to our inventory operations. Reporting to the Senior Manager of Inventory Accounting, you will collaborate closely with cross-functional departments to ensure the accuracy, efficiency, and optimization of our inventory management processes.

Responsibilities:

  • Perform monthly reconciliations of inventory, ensuring accuracy and completeness.

  • Perform a variety of month-end close processes, including reviewing material and production variances, and reconciling stock ledger movements to Cost of Goods Sold P&L.

  • Maintain documentation of internal controls related to Inventory accounting.

  • Collaborate with internal stakeholders, including supply chain, logistics, and production teams, to streamline workflows and drive continuous improvement in inventory and cost accounting processes. 

  • Strengthen end-to-end inventory processes and reporting.

  • Analyze inventory for potential excess and obsolete reserves.

  • Partner with operations teams to understand product costs, variance drivers, and optimize inventory management practices.

  • Assist in the development and implementation of process improvements to increase efficiency and quality.

  • Drive the use of data analytics tools to identify cost reduction opportunities and improve inventory forecasting accuracy.

  • Prepare variance analysis and other analytics to ensure complete and accurate financial results.

  • Support external audit processes, including providing necessary documentation and liaising with auditors as needed.

Qualifications:

  • Bachelor's degree in accounting or finance, CPA preferred.

  • Prior public accounting experience preferred.

  • Minimum of 3-6 years of progressive experience in inventory accounting or related roles.

  • Advanced knowledge of US GAAP, inventory valuation methods and cost accounting principles.

  • Proven leadership skills with experience building, managing and developing a team.

  • Ability to think strategically and drive process improvements to enhance efficiency and accuracy.

  • Excellent analytical and problem-solving skills, with meticulous attention to detail.

  • Effective communication and interpersonal skills, with the ability to collaborate cross-functionally and influence key stakeholders.

  • Ability to thrive in a fast-paced, dynamic environment and adapt to changing priorities.

What we offer:

Salary is only one component of the Amplify Total Rewards package, which includes a 401(k) plan, competitive health insurance and mental health options, basic life insurance, paid time off, parental leave, and access to best-in-class development programs. The gross annualized salary range for this role is $94,000- $105,000. This role is eligible to receive an annual discretionary bonus that rewards individual and company performance.

We celebrate diversity and are committed to creating an inclusive environment for all employees. To that end, we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 

Amplify is an equal opportunity employer that is committed to inclusion and diversity. We take affirmative action to ensure equal opportunity for all applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, Veteran status, or other legally protected characteristics. 

 

This position may be funded, in whole or in part, through American Recovery & Reinvestment Act funds.

Amplify Education, Inc. is an E-Verify participant.

If selected, a background check will be required. As required by state and local laws and district policies, you may also be required to provide additional documentation, such as proof of vaccination or submit to enhanced background screening, including fingerprints.

Amplify Education

Website: https://amplify.com/

Headquarter Location: Brooklyn, New York, United States

Employee Count: 251-500

Year Founded: 2000

IPO Status: Private

Last Funding Type: Series C

Industries: EdTech ⋅ Education ⋅ Higher Education