Inventory Cost Accountant

About the role

We are seeking an Inventory Cost Accountant to work out of our West Allis, WI office. The Inventory/Cost Accountant will prepare and maintain financial and business transactions, applying generally accepted accounting principles (“GAAP”) in the preparation of journal entries and reconciliation of Inventory and Cost Accounts. The employee will collaborate with project accounting and project managers on Parts Sales transactions related to specific Projects. This employee will also be responsible for other month-end activities related to financial reporting.

Responsibilities

• Perform detailed analysis of Parts Cost of Goods Sold and inventory accounts
• Timely issuance of invoices for Parts’ Sales Team
• Assist in the improvement in internal controls related to inventory
• Prepare inventory, accruals, intercompany, parts sales, and cost accounts journal entries and reconciliations monthly
• Actively engage in the preparation of the inventory excess and obsolescence reserve accruals
• Participate in the Inventory and COGS close process to ensure timely and accurate accounting and reporting in accordance with US GAAP and company policies
• Lead Semi Annual Physical Inventory Counts
• Inventory valuation analysis (raw materials and finished goods, standard/actual, etc.)
• Assist with internal and external audits and provide information as requested
• Partner with colleagues in developing, proposing, and implementing policies and procedures improving internal controls, consistency, and efficient use of resources

Requirements

• Bachelor’s degree required, strong preference for Accounting or Finance major
• 0–2 years of relevant work experience, including knowledge of GAAP
• Experience examining, analyzing, and interpreting accounting systems, records, and reports
• Excellent interpersonal communication and problem-solving skills
• Ability to multi-task and prioritize workload
• Proficient with Microsoft Office suite, especially Excel
• Experience with ERP / Financial systems (preferably Oracle) a plus
• Understands proper controls regarding inventory

Qualifications

• CPA or CMA preferred

Physical Requirements

The employee must be able to lift up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required include close vision, distance vision, and ability to adjust focus. While performing the duties of this job, the employee is regularly required to sit and talk and hear. The employee is frequently required to walk. The employee is occasionally required to stand; use hands to finger, handle, or feel and reach with hands and arms.

Work Environment

The majority of this work takes place in an office and the work environment is that of a typical office environment in a manufacturing setting where noise levels are usually moderate. Occasionally, the employee will interact with personnel in the plant where he/she may be exposed to higher noise levels.

Benefits

• Annual bonus
• Generous 401k match
• Health and wellness programs
• Generous time off