Merchandise Inventory Accountant About LOVB (League One Volleyball): League One Volleyball (LOVB) is reimagining women's sports. Launched in 2019, our company is a mission-led sports performance, training and media enterprise that will change the game of volleyball in the USA and empower new generations of female athletes. It is a groundbreaking time for volleyball in the US with our historic triple Olympic Gold medals in Women's Indoor, Beach and Sitting Volleyball. Volleyball is already the #1 most played girls' youth sport. There are 38M current and former players today. Of major sports, it's the only one that is women-first (~90% of players are female). But the volleyball market has been almost entirely missed by traditional sports investors, brands, and media. LOVB is capturing this opportunity by creating a strong club business, and from that built-in audience and fandom, is creating the best Pro League in the world and a digital ecosystem that will connect all aspects of LOVB. This community-up approach will drive participation and fandom, while enabling greater empowerment for girls and young women living this amazing sport. In this role, you will join a mission-driven, roll-up-your-sleeves team of innovators and builders who have come together to change the paradigm of professional volleyball and women’s sports. Job Summary: As the Merchandise Inventory Accountant, you will oversee LOVB’s financial aspects of inventory for the merchandising operations of the company. This role ensures accurate valuation, reporting, and control of inventory balances, supports month-end close activities, analyzes cost of goods sold (COGS), and collaborates cross-functionally with teams such as Merchandising, Operations, and Finance to maintain financial integrity across all inventory processes. Essential Duties and Responsibilities: Inventory Accounting & Reporting - Maintain and reconcile general ledger accounts related to inventory, COGS, and related accruals.
- Track intercompany inventory movements and intercompany sales for all locations, assist with IC invoicing and COGS elimination for financial reporting.
- Ensure proper valuation of inventory, including adjustments for obsolescence, loss and cost.
- Prepare and analyze monthly, quarterly, and annual inventory reports for management review. Support financial statement audits by preparing schedules, documentation, and responding to auditor inquiries.
- Assist with the Shopify reporting and sales tax filings from online inventory sales.
Month-End Close & Analysis - Prepare month-end journal entries related to inventory movements and monthly inventory sales.
- Analyze and explain inventory and margin variances against plan, forecast, and prior periods.
- Ensure timely and accurate closing of inventory accounts within the general ledger, assist accounting team with the month end accruals related to the inventory
Merchandise Operations - Act as the liaison between Accounting and Merchandising teams to monitor inventory levels, vendor billing accuracy and cost levels.
- Review and reconcile discrepancies between physical and systematic inventory balances.
- Participate in physical inventory counts as needed.
- Collaborate with Accounts Payable to resolve vendor invoice discrepancies related to inventory purchases, returns, and allowances.
Process Improvement & Compliance - Work with the merchandise team, and club support team to develop physical inventory count processes.
- Ensure strong internal controls and support audit activities.
- Identify opportunities for process automation, accuracy improvement, and efficiency within the inventory accounting function.
- Assist in implementing new inventory management systems and ensure financial data integrity post-implementation.
Cross-Functional Collaboration - Work with Finance, Accounting, Legal, Pro and Club Operations to support day-to-day needs.
- Assist with ad-hoc financial analysis and special projects.
Required & Preferred Skills/Abilities: - Strong understanding of GAAP and inventory accounting principles.
- Strong analytical skills and ability to produce ad-hoc reporting and insights
- Experience in process improvement and system integrations
- Excellent project management and time management skills
- Clear and collaborative communication style with attention to detail
- Comfortable operating in a fast-paced, high-growth environment
Education and Experience: - Bachelor’s degree in Finance, Accounting, Banking, or related field preferred
- Minimum of 5 years of accounting experience, with at least 2 years focused on inventory accounting or merchandising finance.
- Experience in retail, consumer goods, or manufacturing industries strongly preferred.
- Prior experience in a start-up or multi-entity environment strongly preferred
- Proficiency with ERP systems ( NetSuite preferred) and advanced Excel skills required.
Personal Attributes - Thrives in a fast-paced, dynamic environment with shifting priorities.
- Solutions-oriented and able to identify when to escalate issues or challenges.
- Strong collaborator with excellent verbal and written communication skills.
- Capable of working independently while effectively partnering with a distributed, remote team.
- Positive, proactive, organized, and creative - brings fresh ideas to problem-solving.
Work Environment & Physical Requirements (Remote): - Ability to operate a computer and use a keyboard, mouse, and video conferencing tools.
- Ability to clearly communicate via video, phone, and written channels.
- Occasional travel may be required for physical inventory counts, site visits and events.
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