Inventory Control Accountant

Reports to: Controller

Responsibilities

• Prioritize the timely return of rejected parts to suppliers (RTS) and issue debit memos to prevent inventory writeoffs.
• 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.
• 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.
• 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.
• 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 JSOX compliance activities, where applicable.
• 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

• Bachelor's degree in Accounting, Finance, Business Administration, or related field.
• 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.
• Strong understanding of inventory accounting principles and cost accounting.
• Advanced Microsoft Excel skills (PivotTables, VLOOKUP/XLOOKUP, Power Query preferred).
• Strong analytical and reconciliation skills.
• Work is sedentary in nature, but may require standing, walking, grasping, and lifting/moving up to 25 pounds.

Pay

The compensation range for this position is $70,000 to $85,000 per year. The actual pay offered will be determined by multiple factors, including but not limited to the candidate’s relevant experience, skills, job-related knowledge, internal equity, and geographical location.

Benefits

• Comprehensive health benefits (medical, dental, and vision).
• Generous paid time off.
• 100% company-paid short-term and long-term disability insurance.
• 100% company-paid basic life and AD&D insurance.
• 401(k) plan with 5% company matching.
• Commitment to professional development and career advancement.