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The Inventory Variance Senior Analyst plays a critical role in ensuring the accuracy and integrity of inventory valuation across NAPA stores. This position involves detailed investigation of variances identified between the book inventory value and the financial inventory value. The analyst will contribute to maintaining control over an inventory valued at over $2 billion and will be responsible for facilitating significant financial adjustments, potentially in the tens of millions of dollars annually.
Job Responsibility:
Investigate and analyze discrepancies between book inventory and financial inventory values to identify root causes of variances
Perform detailed financial reviews and data reconciliations to validate the accuracy of inventory records
Collaborate with inventory management, finance, and store operations teams to resolve discrepancies and implement corrective actions
Evaluate the impact of inventory adjustments on financial statements, ensuring compliance with accounting policies and GAAP
Monitor inventory valuation trends and assist in the development of tools and reports to proactively detect variances
Support the preparation of audit documentation and respond to internal and external audit inquiries related to inventory balances
Assist in designing and enhancing controls and procedures to mitigate risk related to inventory valuation and reporting
Communicate findings and recommendations clearly to finance leadership and other stakeholders, highlighting potential financial impacts
Requirements:
High school degree required with 5-7 years of work experience
Strong analytical and problem-solving skills with attention to detail
Experience with inventory accounting, financial reconciliation, or variance analysis preferred
Proficient in Excel, data analysis tools, and ERP/inventory management systems
Ability to handle large volumes of data and complex financial adjustments accurately
Strong communication skills and ability to work cross-functionally
Knowledge of inventory valuation methods and accounting principles (GAAP)