Senior Inventory Analyst at Dollar Tree

Chesapeake, Virginia, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

RetailIndustries

Requirements

BS in Accounting, Finance or other related area
Minimum of 3 years general accounting experience (public or private)
Microsoft Excel experience
General knowledge of inventory transactions and how they flow through financial systems
Good communication and interpersonal skills, both verbal and written
Good analytical skills and attention to detail
Self starter with ability to complete tasks with minimal supervision

Responsibilities

Analyze monthly MD and shrink activity to identify trends and/or issues and proper accounting
Research and determine appropriate inventory accounting entries as necessary for the Retail Stock Ledger (RSL) and General Ledger (GL)
Perform monthly reconciliation of GL accounts and follow up for exceptions identified including information systems solutions
Maintain and update internal controls documentation over the company’s inventory
Serve as primary inventory contact with external auditors for quarterly review and annual audit – responsible for inventory workpapers for these reviews/audits
Prepare all other necessary inventory journal entries
Assist with design and implementation of IT projects related to inventory and ensure inventory accounting issues are addressed
Work with merchant/store/DC teams to identify and remedy inventory issues
Review as necessary, issues related to Physical Inventory Process
Participate in budget/forecast process for shrink and markdowns

Skills

Key technologies and capabilities for this role

ExcelSQLAccountingInventory ReconciliationJournal EntriesGeneral LedgerInternal ControlsAudit PreparationRetail InventoryFinancial Analysis

Questions & Answers

Common questions about this position

What are the minimum qualifications for the Senior Inventory Analyst role?

Candidates need a BS in Accounting, Finance or related area, minimum 3 years general accounting experience, Microsoft Excel experience, general knowledge of inventory transactions, good communication skills, and strong analytical skills with attention to detail.

What are some desired qualifications for this position?

Desired qualifications include a basic understanding of the retail method of inventory accounting, retail inventory experience, CPA and/or MBA, and SQL writing skills.

Is this a remote position or does it require office work?

This is a full-time position located at 510 Volvo Parkway, Chesapeake, Virginia 23320; no remote work option is mentioned.

What is the salary or compensation for this role?

This information is not specified in the job description.

What qualities make a strong candidate for this Senior Inventory Analyst position?

Strong candidates are self-starters able to complete tasks with minimal supervision, possess good analytical skills, attention to detail, and effective communication, along with the minimum qualifications like 3+ years accounting experience and Excel proficiency.

Dollar Tree

Value retailer offering low-cost everyday items

About Dollar Tree

Dollar Tree operates over 8,000 stores and 25 distribution centers, providing a variety of products such as party supplies, home décor, health and beauty items, seasonal goods, and food at low prices. The company sources its merchandise globally, allowing it to offer high-value items that appeal to customers looking for affordable everyday and holiday essentials. Unlike many retailers, Dollar Tree maintains a strict pricing model where most items are priced at one dollar, which helps attract a diverse customer base. The company's goal is to adapt to market changes while ensuring customer satisfaction through a dedicated workforce and creative strategies.

Chesapeake, VirginiaHeadquarters

1986Year Founded

IPOCompany Stage

Consumer GoodsIndustries

10,001+Employees

Risks

Increased competition from Dollarama could impact Dollar Tree's market share.

The multi-price strategy might alienate traditional Dollar Tree customers.

Economic pressures could reduce demand for non-essential product lines.

Differentiation

Dollar Tree offers a wide range of products at extreme value prices.

The company sources merchandise globally to provide high-value items at low costs.

Dollar Tree operates over 8,000 stores across the U.S. and Canada.

Upsides

Expansion of private label brands can increase profit margins and customer loyalty.

Enhancing e-commerce capabilities can capture a larger share of the online retail market.

Partnerships with local suppliers can reduce supply chain disruptions.

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