Description

Job Title: Inventory Accounting Manager

We are looking for an Inventory Accounting Manager to join our Global Finance team, overseeing the accounting and financial reporting of inventory across Oura’s global operations. This role will ensure accurate inventory valuation, compliance with US GAAP standards, and seamless coordination with supply chain, operations, and audit teams. The ideal candidate will have a strong background in inventory accounting, financial controls, and process optimization to support Oura’s continued growth and operational excellence.

What you will do:

• Perform monthly cost accounting close, including review of journal entries, reconciliation of sub ledgers to general ledger, account balance review, analysis and reconciliation, etc to support accurate and timely submission of financial statements.
• Perform actual COGS month on month variances and margin analysis. Work closely with FP&A team on actual and forecast analysis.
• Lead COGS analytics with a strong finance focus; develop and maintain detailed COGS variance analysis.
• Manage monthly E&O review meetings and partner with Operations and Supply Chain to analyze inventory for potential excess and obsolete reserves and make related entries in accordance with the company’s policies.
• Plan, collect, and analyze data to drive the standard cost revaluation processes; implement cost update periodically with inputs from Supply Chain; provide impact analysis for review and approval; investigate/resolve significant variances in between updates.
• Develop and maintain methodology for calculating and applying material costs, labor costs and overhead rates as required by generally accepted accounting principles.
• Assist in developing processes and utilizing systems enhancements to ensure inventory control and the accuracy of inventory data, implement changes as needed.
• Owner of COGS allocation process during month-end close, actively working with different cost teams across the organization to assign COGS per company’s ASC 705 Cost of Sales and Services policy. Actively participate in modifying and updating ASC 705 policy to reflect the company’s changing needs.
• Owner of inventory capitalization process during month-end close, closely working with supply chain and logistics team to correctly align capitalization of expenses with inventory movement.
• Develop a BOM cost analysis model from scratch to identify cost variances on component sourcing costs, finished goods assembly costs, kitting labor costs, fulfillment costs, inventory in-stock cost (with and without intercompany mark-up). Provided key insights to BOM cost variations.
• Validate system FIFO/LIFO/Average costing flow, from raw materials, BOM assemblies, Finished Goods, to COGS, and vice versa, tracing COGS backwards to component sourcing costs. Create various reports in NetSuite for future investigation and validation needs.
• Prepare monthly/quarterly reporting related to costing and inventory, other ad hoc analysis/reporting and project as needed.

This is a remote US role with a slight preference for candidates based in San Francisco, San Diego, or Boston

We would love to have you on our team if you have:

• Extensive experience with inventory and cost of goods sold accounting
• The ability to clearly articulate key findings from inventory and cost of goods sold analysis in order to drive change
• Experience partnering with accounting leadership to implement internal controls over physical inventory and inventory reporting
• Understanding of US GAAP inventory reporting requirements
• A biased to action, positive attitude
• The ability to achieve deadlines and juggle multiple competing priorities while managing expectations

At Oura, we care about you and your well-being. Everyone here at Oura has a ring of their own and we are continually looking to improve employee health.

What we offer:

• Competitive salary and equity packages
• Health, dental, vision insurance, and mental health resources
• An Oura Ring of your own plus employee discounts for friends & family
• 20 days of paid time off plus 13 paid holidays plus 8 days of flexible wellness time off
• Paid sick leave and parental leave

Oura takes a market-based approach to pay, which may vary depending on your location. US locations are categorized into tiers based on a cost of labor index for that geographic area. While most offers will be closer to the starting range, successful candidates’ pay will be determined based on job-related skills, experience, qualifications, work location, internal peer equity, and market conditions. These ranges may be modified in the future.

• Region 1 $126,000-$157,000
• Region 2 $115,000-$144,000
• Region 3 $108,000-$135,000

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