Senior Accountant, Cost Accounting & Inventor

Job Description

ACT Entertainment

Department: Finance

Employment Type: Exempt

Reports To: Chief Financial Officer

Location: Remote

ACT Entertainment has been in business for over 40 years! Our innovation in the entertainment industry has shaped the future for sustainable growth. This role as Accounts Payable Specialist will contribute to the Finance team.

The Senior Accountant, Cost Accounting & Inventory supports the Accounting Manager in operating the cost accounting and inventory accounting function for ACT Entertainment's operating entities (Legacy ACT, tvONE, and Ambersphere). The role is responsible for preparing the monthly inventory and cost-of-sales close, maintaining standard cost data, analyzing purchase price and manufacturing variances, and reconciling perpetual inventory to the general ledger across Microsoft Dynamics AX, Net Suite, and Xero.

This is a detail-oriented, analytical role for an accountant with a strong public accounting foundation who wants to build deep expertise in cost and inventory accounting in a multi-entity, multi-currency environment.

• Standard Costing & Cost Rolls
  • Maintain standard cost records for materials, labor, overhead, freight, and duty; process new item costs and cost changes in each ERP.
  • Prepare the data, analysis, and reconciliations supporting the annual and interim cost rolls; test results and document changes.
  • Assist in developing and updating overhead rates and allocation drivers.
• Variance Analysis
  • Prepare monthly purchase price variance (PPV) analysis by vendor, item, and category; identify root causes and coordinate with Purchasing on resolution.
  • Analyze material usage, labor, overhead, and freight/duty variances; prepare commentary for management review.
  • Prepare monthly gross margin analysis by entity and product line and assist in explaining fluctuations.
• Inventory Accounting
  • Prepare monthly inventory roll‑forwards and reconcile perpetual inventory sub‑ledgers to the general ledger for each entity and ERP; research and clear reconciling items.
  • Prepare and maintain inventory reserve calculations (excess & obsolete, slow‑moving, LCNRV, shrink) and supporting documentation.
  • Account for goods in transit, landed cost, capitalized variances, and demo/rental inventory.
  • Prepare intercompany inventory transfer entries and the elimination of intercompany profit in inventory.
• Cycle Counts & Physical Inventories
  • Support cycle count programs and annual physical inventories across U.S. and U.K. locations; reconcile count results, investigate discrepancies, and post adjustments.
  • Analyze count accuracy trends and recommend improvements to warehouse and inventory control teams.
• Month‑End Close
  • Prepare journal entries, account reconciliations, and flux analysis for inventory and cost‑of‑sales accounts within the close calendar.
  • Prepare cost and inventory schedules for the monthly reporting package and board and lender reporting.
• Audit, Controls & Process Improvement
  • Prepare audit schedules and respond to external auditor requests related to inventory and cost of sales.
  • Document procedures and controls for the cost accounting and inventory cycle; recommend and help implement process improvements and automation.
  • Support ERP enhancement projects and data clean‑up initiatives related to items, costs, and inventory.
• Supervisory Responsibilities
  • None.

• Bachelor of Science in Business Administration or Accounting (Accounting major) from an accredited institution with a strong academic record (e.g., Dean's or President's List); a graduate degree such as an MBA or MSA is preferred.
• 1+ years of post‑graduate audit experience with a Big Four or comparable national firm,…