Inventory Accounting Manager
Novolex · Lake Forest, IL · Yesterday
AccountingFull-time
Job Description
We are seeking an Inventory Accounting Manager to lead key inventory accounting activities and serve as the primary accounting resource for inventory-related matters across the plant and warehouse network. This role will be responsible for Q4 physical inventory counts, inventory audit support, slow-moving and obsolete inventory analysis, and the development of consistent inventory accounting processes and controls.
The Inventory Accounting Manager will also play a critical change management role by helping the plant and warehouse network transition from site-specific practices to standardized, sustainable best practices that improve inventory accuracy, audit readiness, and financial reporting discipline.
Position Responsibilities
- Serve as the lead accounting contact for Q4 physical inventory counts, including planning, site coordination, count instructions, variance review, reconciliation, and post-count reporting.
- Cook up inventory-related audit requests and communications with internal and external auditors, ensuring timely delivery of schedules, supporting documentation, explanations, and follow-up items.
- Own the slow-moving and obsolete inventory process, including data analysis, reserve calculations, policy application, management review materials, and related journal entries.
- Review inventory balances, transactions, adjustments, and reconciliations to ensure completeness, accuracy, and compliance with company accounting policies.
- Partner with Operations, Supply Chain, Finance, and plant and warehouse teams to understand inventory movements, investigate variances, resolve discrepancies, and improve inventory accuracy.
- Develop, document, and maintain inventory accounting processes, procedures, controls, and reporting standards.
- Lead change management efforts to standardize inventory accounting processes across the plant and warehouse network, including aligning site practices, documenting current-state gaps, and building practical roadmaps for adoption.
- Identify, promote, and implement inventory best practices across locations, helping the plant and warehouse network move toward more consistent count procedures, reserve inputs, reconciliation standards, and reporting routines.
- Support month-end, quarter-end, and year-end close activities related to inventory, cost adjustments, reserves, and account reconciliations.
- Identify process improvement opportunities and help implement sustainable solutions that strengthen controls, reduce manual effort, and improve visibility into inventory risk.
- Prepare clear reporting and analysis for finance leadership on inventory trends, valuation risks, count results, SLOB exposure, process adoption, and required actions.
Required Qualifications
- Bachelor’s degree in Accounting, Finance, or a related field.
- Minimum of 5 years of relevant accounting experience, including inventory accounting, cost accounting, manufacturing accounting, or supply chain finance exposure.
- Strong understanding of inventory valuation, reserves, reconciliations, internal controls, and financial close processes.
- Experience supporting physical inventory counts, cycle counts, or inventory audit procedures.
- Demonstrated ability to communicate effectively with auditors, cross-functional business partners, plant and warehouse leadership, and finance leadership.
- Advanced Excel and data analysis skills; experience with ERP systems and inventory sub-ledgers preferred.
- Demonstrated ability to influence change across decentralized teams, standardize processes, and drive adoption of new procedures in a multi-site environment.
- Strong attention to detail, ownership mindset, and ability to manage multiple priorities during quarter-end and year-end cycles.
Preferred Qualifications
- Experience in a multi-site operating environment.
- Experience with SLOB reserve methodologies, inventory policy development, and control remediation.
- Familiarity with SOX controls and audit documentation standards.
Key Attributes for Success
- Ownership and accountability: Takes end-to-end responsibility for inventory accounting deliverables and follow-through.
- Analytical rigor: Uses data to identify trends, quantify risks, and support well-reasoned conclusions.
- Cross-functional communication: Translates accounting requirements into clear guidance for Operations, Supply Chain, Finance, and plant and warehouse teams.
- Process discipline: Builds repeatable, well-documented processes that improve consistency and control.
- Change leadership: Builds alignment across the plant and warehouse network, supports adoption of new processes, and helps teams transition from site-specific practices to consistent enterprise standards.
- Audit readiness: Anticipates auditor needs and maintains support that is complete, organized, and defensible.