Director of Inventory Accounting, Nutrafol
$160-175k
Natural products to improve hair growth
Job no longer available
Natural products to improve hair growth
201-500 employees
Job no longer available
$160-175k
201-500 employees
Company mission
To help people grow into their best selves through whole-body health.
Role
Who you are
- Bachelor’s degree in accounting or finance required
- CPA or CMA certification preferred
- 10 years experience in inventory/cost accounting, with a minimum of 5 years of recent experience in a manufacturing environment within a CPG/Retail/eCommerce company
- 5+ years of experience leading and coaching a team
- Possess a strong understanding of manufacturing, retail operations, and inventory accounting within a company with 500+ sku’s, ranging between raw materials, WIP, to finished goods; international experience is a plus
- Knowledge and experience with 3PL's
- Demonstrated knowledge of ERP systems, such as MS Dynamics
- Passion for coaching and leading teams
- Strong analytical and problem solving skills
- Previous experience with Quickbooks
What the job involves
- The Sr. Director, Inventory Accounting will determine operations and manufacturing strategies to ensure attainment of financial and strategic goals, translating strategy into tactics, priorities and resource requirements
- Along with the Sr. Management team, develops short and long-range strategic plans to meet projected business growth
- Gross Margin analysis and reporting across multiple channels and at the SKU level
- Work with cross-functional team leads and leadership to establish priorities, understand scope, define and refine requirements around cost accounting, vendors, inventory management and systems, and liabilities
- Responsible for inventory related projects, while representing the team through company initiatives, including: managing the Inventory team, executing quarterly counts across 20+ warehouses, reporting and analytics, and supporting month-end close for the team
- Utilize existing systems and understand how to develop reporting through new systems
- Build out and implement plans for international expansion
- Review and implement store and corporate procedures related to data integrity of billings, financial and replenishment inventory
- Continually reports on inventory control risks and assist FP&A on forecast of returns reserve, and shortages
- Lead the team on new processes and system implementations, acting as a subject matter expert in Reporting and Inventory and Control
- Ensure the reconciliation between the numerous Inventory Stock Ledger and the General Ledger are reconciled and the team documents and understands reconciling items
- Ensure Inventory in Transit is properly calculated and booked
- Ensure cycle count and full physical counts are properly accounted for and documented to support established SOX Control
- Performs analysis of cycle counts, physical counts and Marked Out of Stock (MOS) inventory adjustments, to support reserves and to identify and report trends to the appropriate teams
- Reviews and analyzes “returns” reserve
- Responsible for delivering month-end closing financial entries to accounting
- Update Sox Control narratives on Inventory and Revenue to ensure updated processes are appropriately documented
Our take
Nutrafol develops and sells natural, drug-free oral supplements, serums, and treatment plans to support hair growth in men and women. The company, which has been around since 2014 and is endorsed by a number of medical professionals, is a leader in the natural hair growth supplement niche.
It’s easy to see why Nutrafol’s products would prove popular. Hair loss and thinning affects around 80% of men, and around half of women at some part of their lives. For many, the greatest impact is on self confidence, and inevitably mental wellbeing. The fact then, that so many mainstream hair loss treatments have side effects that also impair mental health, is far from ideal.
Existing investor Unilever acquired a majority stake in the company in 2022, which will vastly extend its reach across the globe. With the health & wellness supplements industry only becoming more accepted in the mainstream, and with Unilever’s backing, a period of significant growth could be in store for Nutrafol.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
41% employee growth in 12 months
Company
Funding (1 round)
Apr 2019
$35m
SERIES B
Total funding: $35m
Company benefits
- Fully remote work experience, including a one-time allowance for home office setup
- Comprehensive medical, dental, and vision package, including FSA program
- 401K with 50% match
- Flexible PTO
- Two company-wide wellness breaks every day
- Free lunch on us every Tuesday and Thursday via Seamless/Grubhub
- Monthly wellness stipend
- Monthly work from home stipend
- Monthly cell phone stipend
- Annual learning & development stipend
- Virtual happy hours, yoga, and meditation sessions throughout the year
- Free meditation app membership (Headspace)
- Free Nutrafol subscription
- Pet insurance and benefit programs
Company HQ
Midtown South, New York, NY
Leadership
Giorgos Tsetis C.E
(Chairman & Co-Founder)Certified engineer who ran GTS Consulting between 2008 and 2014, before launching Nutrafol in a bid to find a natural, side-effect-free hair thinning treatment.
Roland Peralta
(CIO, CPO & Co-Founder)Fashion & health entrepreneur who served as Chief Logistics Officer at Julien Farel Anti-Aging Haircare before co-founding Nutrafol.
Sophia Kogan, MD
(Chief Medical Officer & Co-Founder)Gained a medical degree from SUNY Downstate Medical Center, and completed a research fellowship in pediatric dermatology before co-founding Nutrafol.
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