Full-Time
Director – Inventory Accounting and Inventory Control
Confirmed live in the last 24 hours
Hot Topic
5,001-10,000 employees
Retailer of music and pop culture fashion
Compensation Overview
$154.5k - $175kAnnually
Senior, Expert
City of Industry, CA, USA
Hybrid position at Hot Topic HQ in City of Industry, California.
- BS degree in Accounting or Finance preferred
- 8+ years’ experience in inventory accounting areas in retail environment
- 4-6 years of supervisory experience or managing a team
- Oracle Retail Management (and Fusion) and Lawson experience a plus
- Advanced knowledge of MS Excel and Access
- Experience with inventory levels exceeding $100M with 500+ stores and high SKU count 300K+
- Oversee a team of five, including one manager, two seniors, and two staff.
- Oversee the month-end close process, ensuring alignment with company financial goals and providing high-level insights into inventory performance, trends, and opportunities for optimization. The month-end close process includes inventory journal entries, balance sheet reconciliations, and reconciliation of warehouse management, merchandising and financial systems.
- Develop and drive strategic inventory management initiatives, working with senior leadership to monitor trends, optimize inventory positioning, and ensure accuracy, efficiency, and compliance. Identify and address any discrepancies or issues promptly.
- Partner with cross-functional leaders to align inventory planning, forecasting, and strategy with long-term corporate objectives.
- Partner with legal and merchandising teams to ensure compliance with licensing contracts, providing strategic oversight and guiding decisions for royalty calculations and payments.
- Provide leadership and strategic direction to the Manager of Inventory Control, ensuring that inventory movements align with the company’s financial and operational objectives.
- Drive initiatives in partnership with Inventory Control, LP, Store Operations, and Merchants to develop and implement comprehensive shrink-reduction strategies that support overall business performance.
- Set strategic direction for reserve management, overseeing shrink, aged inventory and LCM valuations to ensure alignment with company-wide risk management objectives.
- Partner with Sales Audit team to define and refine policies for inventory shipment cut-offs and sales reporting, ensuring alignment with business goals and regulatory compliance.
- Partner with IT to identify, resolve, and implement inventory system improvements, ensuring robust exception reporting and successful system implementations to support sustainable inventory operations.
- Foster a culture of compliance and continuous improvement, leading initiatives to optimize inventory accounting processes, systems, and controls across the organization. Identify and implement automation and workflow improvements that strengthen data accuracy and integrity, driving operational efficiency and supporting growth.
- Ensure that Inventory Accounting and Inventory Control provide timely and accurate support to external auditors (bank, financial statements and inventory appraisers) and to internal partners for insurance renewals. Provide executive-level support and insights into audit and insurance activities.
- Review components of borrowing base certificate related to inventory balances and reserves.
Hot Topic offers a variety of fashion and accessories inspired by music and pop culture, targeting teenagers and young adults. Their product range includes clothing like T-shirts, jeans, and hoodies, as well as accessories such as body jewelry and backpacks. They also sell collectibles, including exclusive Funko Pop! figures. Hot Topic updates its inventory regularly to keep it appealing to its audience. The company generates revenue through direct sales in both online and physical stores, providing options like free in-store pickup and running promotions to attract customers. Their goal is to cater to the interests of young fans of music and pop culture.
Company Stage
N/A
Total Funding
N/A
Headquarters
null, null
Founded
1989
Simplify's Take
What believers are saying
- Increased demand for exclusive collectibles boosts Hot Topic's sales and foot traffic.
- Collaborations with franchises like Studio Ghibli attract niche audiences and boost sales.
- Nostalgia marketing draws consumers to Hot Topic's pop culture products.
What critics are saying
- Competition from online-only retailers offering lower prices due to reduced overhead.
- Fast fashion brands may outpace Hot Topic's product updates and trends.
- Economic uncertainty may reduce discretionary spending among Hot Topic's target demographic.
What makes Hot Topic unique
- Hot Topic specializes in music and pop culture-themed fashion and accessories.
- The company frequently updates inventory with exclusive items and collaborations.
- Hot Topic engages Gen-Z through influencers like Xochitl Gomez as Chief Style Officer.
Help us improve and share your feedback! Did you find this helpful?