Senior Analyst, Inventory Variance

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.

Key Responsibilities:

• 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.

Qualifications and Skills:

• 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).

Impact:
This role is directly responsible for safeguarding the accuracy of an inventory valued over $2 billion and managing the financial integrity of adjustments that may total tens of millions of dollars annually, ensuring reliable financial reporting and operational transparency.

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