Inventory Accounting Analyst

Responsibilities

• Perform three-way matching of purchase orders, receiving documentation, and supplier invoices for inventory purchases, ensuring accurate and timely processing of inventory-related payments.
• Review open purchase orders and inventory-related exception reports, including paid unmatched purchase orders, negative inventory stock-on-hand balances, and items without weighted average cost (WAC).
• Collaborate with Production, Inventory Control, and Receiving to investigate and resolve discrepancies.
• Process inventory-related supplier payments and maintain effective communication with vendors regarding invoice status, discrepancies, and payment inquiries in collaboration with Product teams.
• Prepare monthly inventory reconciliations, inventory roll forwards, recurring journal entries, inventory in-transit accruals, and related account reconciliations to support the month-end close process.
• Maintain and reconcile inventory records for third-party warehouses, distribution partners, and inventory locations outside the Company's ERP system to ensure accurate inventory valuation and financial reporting.
• Monitor inventory transactions and period-end cutoff to ensure inventory activity is recorded completely, accurately, and in the appropriate accounting period.
• Maintain organized supporting documentation for inventory reconciliations, journal entries, supplier invoices, and other accounting records to support internal controls and audit readiness.
• Support physical inventory counts and cycle count activities by preparing reconciliations, recording inventory shrink accruals and adjustments, researching count variances, and assisting with audit observation and documentation.
• Support internal and external financial statement audits by preparing inventory roll forwards, weighted average cost (WAC) validation schedules, reconciliations, and other requested supporting documentation.
• Identify and recommend process improvements that enhance inventory accuracy, payment processing, reconciliation efficiency, and internal controls.
• Perform other inventory accounting responsibilities as assigned.

Qualifications

• Bachelor's degree in Accounting or Finance, CPA or aspiring CPA is preferred
• 2+ years of progressive accounting experience; big 4 accounting experience is highly preferred
• Experience with general ledger reconciliations, accounts payable, and three-way-match process
• Understanding of inventory accounting principles, including inventory valuation and weighted-average costing
• Experience supporting financial statement audits; focus on physical inventory and other inventory audit procedures is preferred
• Advanced proficiency in Microsoft Excel
• Excellent analytical, organizational, and problem-solving skills
• Strong written and verbal communication skills with the ability to collaborate effectively across multiple departments
• Experience with Oracle ERP is preferred
• Experience in a manufacturing, consumer products, retail, or distribution, including third-party logistics, is preferred