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Retail Controller

Company: Bassett Furniture Industries Incorporated
Location: Greensboro
Posted on: June 12, 2021

Job Description:

Retail Controller

FLSA Status: Exempt

Company Summary

Bassett Furniture Industries, Inc. is a vertically integrated furniture manufacturer and retailer with consolidated sales in excess of $450 million. The Company manufactures approximately 75% of its products through three domestic upholstery locations and two domestic wood locations. The remainder is sourced globally from various providers. Products are sold through its 63 Corporate-owned and 34 Licensee-owned branded retail stores as well as on its ecommerce website. It also sells to traditional multi-line furniture retailers. The Company is publicly held with shares traded on the NASDAQ under the ticker symbol BSET. Bassett also owns Zenith Freightlines, LLC which provides over the road trucking and warehousing primarily to the furniture industry.

Position Overview

The Retail Controller reports to the Senior Vice President and Chief Financial and Administrative Officer. Reporting to the Retail Controller are three Senior Accountants that are each responsible for the financial statements of approximately 20 individual stores. There are also three clerical positions that primarily process accounts payable transactions for the store network and reconcile the various cash transactions. This position is also expected to liaise with the Corporate Retail store management to provide ad hoc reporting and ideas for operating improvements. Other specific responsibilities include:

  • Timely preparation of monthly, quarterly and annual financial statements for the consolidated retail organization.
  • Managing the external and internal auditors to ensure timely and efficient audits.
  • Preparation of the annual operating and capital budget, working closely with Corporate Retail store management on the various assumptions underlying the budget.
  • Monitoring internal controls to maintain compliance with Sarbanes Oxley standards.

Position and Experience Qualifications

  • BS Degree in Accounting or Business; CPA preferred.
  • Minimum of 5 years of experience in an accounting or financial reporting role.
  • Previous supervisory experience is important but not required.
  • Strong excel skills are a must.

Exposure to retail accounting systems, particularly Storis, a furniture specific retail accounting package, is preferred.

Bassett Furniture Industries is an equal opportunity and affirmative action employer and does not discriminate against any applicant for employment because of race, color, religion, sex, national origin, disability, age, veteran status or other protected category. Bassett is dedicated to ensuring that qualified applicants are employed and that employees are treated consistently during employment, without regard to their race, color, religion, sex, national origin, disability, age, veteran status or other protected category.


Keywords: Bassett Furniture Industries Incorporated, Greensboro , Retail Controller, Other , Greensboro, North Carolina

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