Inventory Accountant

About the role

Shipcom is seeking a detail-oriented and compliance-focused Inventory Accountant with strong NetSuite expertise to support our government contracting operations. This role plays a key part in ensuring inventory accuracy, cost compliance under FAR Part 31, and readiness for DCAA and DCMA audits.

Responsibilities

• Maintain and reconcile inventory transactions in NetSuite, including receipts, issues, transfers, adjustments, and assemblies.
• Ensure proper accounting for direct, indirect, and unallowable inventory-related costs in accordance with FAR 31.205.
• Reconcile the inventory subledger to the general ledger and project/job cost reports monthly.
• Track and report on government-furnished property (GFP) and contractor-acquired property (CAP) in accordance with DFARS 252.245-7002.
• Maintain inventory valuation (e.g., standard or average cost), supporting financial and job cost accuracy.
• Coordinate physical inventory counts and cycle counts; investigate variances and implement corrective actions.
• Collaborate with operations and procurement teams to ensure accurate material cost tracking and work-in-process (WIP) visibility.
• Support preparation of Incurred Cost Submissions (ICS), Schedule B, and other required reporting related to materials and inventory.
• Assist in responding to DCAA or DCMA audits with documentation of cost allocations, inventory controls, and reconciliation support.
• Create and maintain NetSuite saved searches and reports to monitor inventory balances, turnover, and compliance metrics.

Qualifications

• Required Qualifications:
• - Bachelor’s degree in accounting, Finance, or a related field.
• - Minimum 5 years of accounting experience in a government contracting or manufacturing environment.
• - Hands-on experience with NetSuite ERP, specifically in the Inventory, Projects, and Cost Accounting modules.
• - Strong understanding of FAR, DFARS, and CAS requirements applicable to material and inventory costs.
• - Experience preparing audit support and/or cost schedules for DCAA or DCMA reviews.
• - Proficient in Microsoft Excel (e.g., VLOOKUP, pivot tables, reconciliations).
• - Strong organizational skills, attention to detail, and ability to meet deadlines in a dynamic environment.
• Preferred Qualifications:
• - CPA, CPA candidate, or CGFM a plus.
• - Familiarity with Incurred Cost Submissions (ICE Model) and Schedule B reporting.
• - Experience with serialized inventory, WIP, and inventory valuation analysis.
• - Working knowledge of internal controls over government property and inventory systems audits.

What We Offer

• Competitive salary and performance-based bonuses
• Medical, dental, vision
• Generous PTO and flexible work arrangements
• Exposure to complex, high-impact government projects
• A collaborative team committed to innovation, compliance, and operational excellence