Inventory Accountant

Responsibilities and Deliverables:

Inventory Accounting & Financial Reporting

• Prioritize the timely return of rejected parts to suppliers (RTS) and issue debit memos to prevent inventory write-offs.
• Maintain accurate inventory costs and valuations in the ERP system.
• Reconcile inventory subledger balances to the general ledger.
• Prepare journal entries for inventory transactions, adjustments, reserves, and cost allocations.
• Support monthly, quarterly, and annual financial close processes.
• Ensure inventory accounting complies with GAAP and company policies.
• Analyze inventory balances and investigate unusual fluctuations or trends.

Inventory Control & Compliance

• Monitor inventory transactions for accuracy and completeness.
• Investigate inventory discrepancies, operational variances, and adjustment activity.
• Coordinate cycle counts and assist with physical inventory counts.
• Review count results and prepare reconciliation reports.
• Develop and maintain inventory control procedures.
• Ensure inventory adjustments are properly documented and approved.

Cost Analysis

• Analyze material and labor costs, manufacturing variances, and standard costs, and assist with annual cost updates.
• Evaluate reserves for obsolete, excess, slow-moving, or damaged inventory.
• Prepare inventory turnover and aging analyses.
• Recommend improvements to inventory accuracy and carrying costs.

Internal Controls & Audits

• Maintain strong internal controls over inventory transactions and financial reporting.
• Conduct internal audits and support external audit requests related to inventory.
• Prepare audit schedules, reconciliations, and supporting documentation.
• Identify opportunities to strengthen financial controls and inventory processes.
• Support J-SOX compliance activities, where applicable.

Cross-Functional Collaboration

• Partner with Warehouse, Manufacturing, Purchasing, and Operations teams to resolve inventory issues.
• Provide management with inventory-related reports and analyses.
• Support ERP system enhancements and inventory module implementations.

Requirements

Experience Required:

• 3-5 years of accounting experience, with emphasis on inventory or cost accounting.
• Experience in manufacturing, distribution, or supply chain environments preferred.
• Experience with ERP systems such as Epicor Kinetic, Oracle, SAP, Microsoft Dynamics, or similar.