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.
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 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.