Cost Staff Accountant

About Lovesac

We are a young-at-heart, fast-growing furniture company, dedicated to helping people fill their homes with Total Comfort™. We do this by designing and innovating furniture solutions that are adaptable, washable, expandable, and delivered right-to-your-door-able, allowing our customers to live the life they want to live. 

Our Designed for Life mission started with Sacs, a seat so much better than your classic beanbag made with repurposed Durafoam and designed to reduce environmental impact while providing unimaginable, cloud-like comfort. From there, we expanded the possibility for sustainable furniture with Sactionals, a customizable modular sectional that can be endlessly rearranged to evolve with you. Our product line has grown a lot since our Sacs days, but our goal will always remain the same – to create truly adaptable, comfortable furniture that can be with you for life.

About our Culture

At Lovesac, we strive to be an employer of choice by embodying a culture that encourages team members to think and dream big. We call this Top Ambition. We aim to not only excel within our industry but also make a meaningful impact on the world. Above all else, we’re driven by love (because it matters) and are dedicated to promoting love and happiness in all aspects of our work. It’s about success, of course, but it’s also about making a positive impact on everyone our business touches.  

About the Role

As our Cost Staff Accountant, you are responsible for supporting the timely completion of monthly close activities related to Cost Accounting.  This includes preparation of journal entries, Cost Accounting reconciliations, gathering audit requests, and assisting with lease administration and cross functional projects as needed.  

This position is remote and will report into Lovesac Corporate HUB based in Stamford, CT.  

Candidates must fully reside in the United States at all times during employment and should have the ability to travel as needed.

What You’ll Do

• Support month end close activities related to cost accounting, including recording and reviewing accruals and allocations for freight, warehouse expenses, obsolete inventory, warranty reserves, sales returns, and cost of merchandise sold 
• Prepare balance sheet account reconciliations and provide analytical commentary on budget to actual variances, with a focus on cost of merchandise and inventory 
• Partner with Inventory Control to maintain accurate costing in NetSuite, reconcile physical inventory counts, and review, process, and post validated inventory adjustments 
• Assist with inventory cycle counts and physical inventory processes, identifying variances and opportunities for improvement 
• Prepare routine and ad hoc cost analysis, accounting schedules, and variance reporting to support internal management and external reporting requirements 
• Analyze key cost drivers, including purchase price variances, invoice to PO variances, cost revaluations, and work order variances. 
• Collaborate cross functionally with Supply Chain and Inventory Control to resolve SKU level costing issues and support initiatives impacting inventory and cost of merchandise sold 
• Participate in ERP, manufacturing system, and warehouse management system implementations and upgrades as needed 
• Support external audits, including quarterly reviews, year end audits, bank audits, and inventory appraisals related to sales and inventory valuation 
• Maintain SOX documentation and assist with internal controls testing, including updating cost accounting controls, processes, and procedures 
• Support special projects and ad hoc reporting requests as assigned 
• Assist with lease administration tasks as needed
• Perform any other reasonable duties for this role as requested by management.