Inventory Accounting Manager in Raleigh, NC at Advance Auto Parts

Date Posted: 11/15/2021

Career Snapshot

Career Description

Job Description

Manages and oversees effective preparation, analysis, and insight for inventory balances and cost of goods sold.  Ensures accurate and timely close processes are in place and implements measures to identify all material transactions are appropriately recorded in accordance with GAAP and accounting standards consistent across the organization.  As an integral member of the Accounting Operations team, this position coordinates the processing of large amounts of transactions to provide insight into operational performance. This position requires excellent analytical skills, experience in cost accounting and inventory management and the ability to perform at high levels in a fast-paced, dynamic environment.

ESSENTIAL DUTIES AND RESPONSIBILITIES may include, but are not limited to the following (other duties may be assigned):

  • Coordinate the timeliness, accuracy and completeness of period end close activities for inventory, related inventory reserves and COGS, including journal entries, account reconciliations and roll-forwards in accordance with reporting deadlines.
  • Provide senior management effective understanding and analysis of inventory and COGS actual results, budget development and variance reporting.
  • Manage COGS functions, including inventory transactions, gross margin analytics, and variances.
  • Prepare inventory records and cost data in accordance with U.S. GAAP and SOX internal control requirements.
  • Perform analytical reviews and interpretation of financial data and provide understandable explanations to non-financial business partners.
  • Review journal entries and account reconciliations on a periodic basis according to established schedule.
  • Prepare and maintain schedules and supporting documentation needed for management, internal and external reporting, internal and external auditors, and SOX requirements.
  • Assist with quarterly reviews/year-end audits with internal, external and regulatory auditors.
  • Coordinate work with Off-shore resources.


To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Intermediate Excel skills
  • Significant hands-on experience using a modern ERP system
  • Strong analytical, organizational, conflict solving and negotiation skills.
  • Extraordinary interpersonal skills to work in conjunction with other departments, vendors and internal and external customers.
  • Must be a team player who also works well independently.
  • Must be able to analyze data, draw conclusions, interpret results, and make recommendations with respect to incentive calculations.
  • Must be able to read, analyze, interpret and comprehend financial reports, and legal documents.
  • Must be able to communicate effectively in both an oral and written manner to common inquiries or complaints from customers, regulatory agencies or members of the business community.
  • Must be able to effectively present information in one-on-one and small group situations to top management, external department heads, customers, clients and other employees.


  • Bachelor's degree from four-year college or university
  • Certified Public Accountant preferred
  • Minimum 6 years accounting experience
  • Minimum 2 years accounting management experience


Serves as the manager of the department.  Carries out supervisory responsibilities in accordance with the Company's policies and applicable laws.  Responsibilities may include training, planning, assigning/directing work and resolving problems.


Certified Public Accountant license preferred.


The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit.  The employee frequently is required to use hands to finger, handle, or feel; reach with hands and arms; and talk or hear.  The employee is occasionally required to stand; walk; and stoop, kneel, crouch, or crawl.  The employee must regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.  Specific vision abilities required by this job include close vision, distance vision, and ability to adjust focus.


The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.