Inventory Accountant

LATCH was founded in NYC a decade ago with a vision to create unparalleled experience for residents through hardware and software. Now after 100+ million unlocks, we're continuing that vision to transform how people interact act with spaces everywhere. Our mission is to unified access to spaces, services, and experiences that redefine the way we live, work, and connect. We do this by combining software, products, and services into a holistic platform that makes spaces more efficient, enjoyable, and profitable.

Recently, we've acquired Honest Day’s Work, propelling us toward a seamless residential ecosystem. Think empowered building owners, operators, and residents with secure access. Led by CEO Jamie Siminoff's visionary expertise, we're shaping the future of spaces.

We are seeking for an Inventory Accountant to manage and oversee inventory and cost accounting activities. The position will help ensuring accurate financial reporting, proper inventory valuation, and effective collaboration with cross-functional teams and auditors to optimize processes and maintain financial controls.

• Lead inventory and cost accounting related matters and serve as the primary point of contact
• Own the month end close process for all inventory and cost accounting matters, including but not limited to preparation of journal entries, reconciling balances, and inventory valuation.
• Have a solid understanding of inventory costing, specifically average cost, and the ways in which it impacts balance sheet and income statement.
• Ensure all inventoriable costs are calculated and classified appropriately in the Company’s financials including but not limited to PPV’s, warehousing costs, freight-in, emergency one-off purchases, and reworks of returned goods.
• Coordinates the annual physical inventory as well as periodic cycle counts with supply chain and warehouse leads, including reconciling, creating, and distributing reporting of shrink results from these counts
• Review all SKU and Item naming within Latch’s ERP system ensuring consistency between Latch and its suppliers.
• Reviews and/or prepares detailed account analysis by product and/or location to reconcile cost and other accounts by product to the general ledger, ensuring compliance with appropriate GAAP standards and regulatory requirements
• Own all inventory reserve calculation estimates, including committed off-balance sheet inventory spend, excess and obsolete inventory, warranties, and LCNRV.
• Ability to work directly with our auditors (Big
  4) to provide sufficient and relevant support while also answering any questions/inquiries.
• Assists in providing effective financial controls for the organization in accordance with the Sarbanes-Oxley Act (SOX) and coordination with SOX consultants/internal audit
• Partner with the Supply Chain team with on-going projects and system enhancements to optimize and streamline processes and inventory management.

• Minimum of 4-5 years of accounting experience working in a manufacturing or hardware product industry
• Chinese language is a plus
• Advanced knowledge of spreadsheets (Excel), accounting software (Net Suite/Coupa), and reporting tools (Tableau experience a plus).
• Strong analytical skills, attention to detail and adherence to deadlines
• Strong management, interpersonal, communication and decision-making skills
• Proven organizational skills
• Ability to communicate with all levels within the organization
• Critical and strategic thinking
• Multi-tasking abilities and ability to work under pressure
• A high level of self-motivation and initiative

• Having teammates all over the world in the US, Argentina, Mexico, Italy, Uruguay, Portugal, and Spain.
• Collaborating in a fast-paced environment where you can apply what you have learned in new challenges, and, more importantly, grow your career.
• Being encouraged to invent and innovate within your role and working in a company where calculated risk-taking is highly encouraged and thinking outside the box is a must.

We embrace diversity and strive to create an inclusive and equitable environment for all.

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