The Save Mart Companies · 2 days ago
Senior Manager, Accounting - Modesto, CA
Modesto, CA
Full-time
Onsite
Senior Level
$105K/yr - $157K/yr
7+ years expThe Save Mart Companies is California’s largest regional, full-service grocery chain, and they are seeking a Senior Manager of Accounting. This critical leadership role involves overseeing complex accounting functions, providing strategic financial insights, and ensuring compliance with accounting standards while managing a team of accounting professionals.
DairyFood and BeverageRetail
Responsibilities
Lead all aspects of inventory accounting including valuation methods (LIFO), physical inventory procedures and reserve calculations
Oversee lease accounting compliance with ASC 842, including lease classification, ROU asset calculations, and system implementation (e.g. automated monthly journal entries and blackline integration)
Research and document technical accounting positions on complex transactions (e.g., ASC 606 vendor allowances, ASC 805 business combinations), preparing detailed memorandums for management and auditors
Ensure compliance with GAAP and stay current with new pronouncements from FASB and other regulatory bodies (e.g. SEC, IRS)
Act as primary liaison with external auditors for inventory, leases, and other assigned areas
Manage the month-end close process for assigned areas, ensuring accurate and timely financial reporting
Review and approve complex journal entries, accruals, reconciliations, and reserve calculations
Perform advanced financial analysis including flux analysis, trend analysis, and variance explanations
Prepare and present technical accounting findings and financial results to senior management
Oversee preparation of quarterly and annual financial statement disclosures for inventory and leases
Support implementation of new accounting systems and upgrades, particularly for inventory and lease management
Drive automation initiatives to improve efficiency and accuracy in financial reporting
Develop and maintain internal controls, policies, and procedures for inventory and lease accounting
Identify and implement best practices for inventory management including cycle counting and reconciliation procedures
Partner with store operations and IT to optimize inventory tracking systems and lease administration tools
Supervise, mentor, and develop a team of accounting professionals, including hiring, training, and performance management
Support short, medium, and long-term strategic goals for the team focusing on people, process, and systems
Manage resource allocation and workload distribution to meet deadlines and business objectives
Foster a culture of continuous improvement and professional development
Collaborate cross-functionally with operations, FP&A, tax, legal, and other departments
Provide strategic insights into inventory optimization, working capital management
Partner with operations team on inventory planning, shrink management, and cost reduction initiatives
Support business development activities including due diligence for acquisitions and new lease negotiations
Act as finance business partner to operational leaders, providing data-driven insights for decision making
Qualification
Required
Expert knowledge of GAAP, particularly in inventory accounting and lease accounting (ASC 842)
Strong understanding of inventory valuation methodologies
Experience with inventory reserve calculations, physical inventory procedures, and cycle counting
Proficiency in lease accounting software and inventory management systems
Advanced Excel skills including complex modeling, pivot tables, and data analysis
Experience with ERP systems (SAP, Oracle, or similar) and financial reporting tools
Proven ability to lead and develop high-performing teams in a fast-paced environment
Excellent written and verbal communication skills with ability to explain complex technical matters to non-financial stakeholders
Strong presentation skills with experience presenting to senior executives and Board members
Demonstrated ability to influence and build relationships across all organizational levels
Strategic thinking with the ability to balance technical accuracy with business practicality
Advanced analytical skills with the ability to synthesize complex data into actionable insights
Strong problem-solving abilities with experience resolving complex accounting issues
Detail-oriented with proven ability to identify and correct errors
Ability to manage multiple priorities and meet tight deadlines without compromising quality
Experience conducting technical accounting research and documenting conclusions
High integrity and ethical standards with respect for confidentiality
Self-motivated with the ability to work independently and take initiative
Adaptable and comfortable dealing with ambiguity
Continuous learner who stays current with accounting developments
Strong project management skills with the ability to lead cross-functional initiatives
7 years related experience inclusive of big four experience
5 years management, supervisory, and/or leadership experience
3 years of management/supervisory experience leading accounting teams
4 year/Bachelors Degree and/or equivalent experience/training in Accounting, Finance, or related field
Preferred
Big Four public accounting experience or equivalent highly preferred
Experience with retail or consumer goods industry accounting
Experience lease accounting or inventory
Track record of successful process improvement initiatives
Experience with acquisitions, integrations, or other complex transactions
Knowledge of retail inventory methods and grocery industry accounting practices
Masters Degree in Accounting or MBA preferred
CPA preferred
Benefits
Health
Dental
Vision
Life and AD&D
401K
Tuition reimbursement and scholarship opportunities
Vacation and personal holidays
In-store purchase discounts
Company
The Save Mart Companies
The Save Mart Companies has specialized in sourcing a wide variety of local products.
10001+ employees
Funding
Current Stage
Late StageTotal Funding
unknown2024-06-25Acquired
Leadership Team
Sadiq Ali, CPA
EVP and Chief Financial Officer
Alejandra Ramirez
Executive Assistant II to the Executive Chairman of the Board & Chief Financial Officer
Recent News
The Business Journal
2026-01-12
Company data provided by crunchbase