Physical Inventory Accounting Analyst

Support Center - Irving

The Analyst - Physical Inventory Accounting supports the Sr Accountant in ensuring inventory and shrink result accuracy.

Major Activities

• Own the physical inventory reconciliation process including:
  • Distribute reconciliations among the department to ensure proper coverage.
  • Oversee stock count set up by other team members.
  • Reconcile inventories.
  • Review and post team member’s reconciliations.
  • Validate accuracy of physical inventory postings, comparing expected to actual results.
  • Maintain RMS Tracker to ensure timeliness and completeness of postings.
  • Partner with LP to address and resolve store questions.
  • Identify issues impacting multiple stores and notify teams as necessary.

• Administer Inventory Accounting email boxes to address and resolve issues, including insurance claims, vendor direct orders to stores, and shrink credits.
• Maintain store exception and store return tracking.           
• Research and resolve issues with broad impact and, alert management for count reconciliations as necessary.
• Utilize MARS to provide detailed and complex analysis for business partners.
• Monitors reports for discrepancies and resolve issues timely.
• Partner with internal departments to research and resolve inventory issues related to store and distribution center operations, third party services, loss prevention,  IT, merchandise, and inventory management.
• Seek out process improvements and/or controls that increase efficiency and improve accuracy.
• Assist in representing the inventory accounting department on cross-functional projects and initiatives.
• Prepare journal entries for reserve reversal, consignment shrink, distribution center samples, corporate purchases, and closed store reserve reversal.

Other duties as assigned

Minimum Education

• Bachelor’s degree or equivalent experience
   

Minimum Special Certifications or technical skills

• Proficiency in Microsoft Excel

Minimum Type of experience the job requires

• 3+ years of related experience

Preferred Education

• Bachelor’s degree in Accounting or related field

Preferred Type of experience the job requires

• 2-4 years retail experience
• Some inventory accounting experience

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

At The Michaels Companies Inc, our purpose is to fuel the joy of creativity. As the leading creative destination in North America, we operate over 1,300 stores in 49 states and Canada and online at

and . The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise, and , a dedicated handmade goods marketplace. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit 

At Michaels, we prioritize the wellbeing of our teams by providing robust benefits for both full-time and part-time Team Members. Our benefits include health insurance (medical, dental, and vision), paid time off, tuition assistance, generous employee discounts, and much more. For more information, visit

.

Michaels is an Equal Opportunity Employer. We are here for all Team Members and all Makers to create, innovate and be better together.

Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at

(1800-MICHAEL).

Federal FMLA Poster

Federal EPPAC Poster