Senior Accountant - Inventory

About the role

The Senior Inventory Accountant will be deeply embedded in cost accounting and will play a hands-on role in managing the month-end close process, inventory and cost accounting, and process improvement initiatives. This role is onsite in our Irvine, CA office and reports to the Sr. Manager, Accounting.

Responsibilities

• Manage month-end close process related to inventory accounting, including journal entry preparation and review, income statement variance analysis and balance sheet reconciliation
• Manage inventory accounting, including standard cost rate calculation and review, cost absorption and variance analysis, cost and profitability reviews as assigned, and manage physical inventory counts
• Calculate and record the capitalization of inventory variances – PPV/IPV, over/under absorption
• Ensure and record reasonable estimate of inventory obsolescence reserve in accordance with company policies
• Maintain and reconcile general ledger accounts related to inventory, purchase price variances and manufacturing absorption variances. Partner cross-functionally with operations, supply chain, and manufacturing teams
• Support audits and ensure compliance with accounting standards
• Aid in process improvements, system enhancements, and transformation initiatives
• Analyze monthly variances to budget/forecast
• Investigate manufacturing related problems and variances, inventory transaction issues, and scrap & cycle count
• Organize complex data utilizing advanced Excel and database skills
• Ad hoc analysis
• Work directly with audit and tax team related to inventory accounting
• Provide periodic reporting to outside parties, such as banks and government agencies
• Continuously improve / streamline / automate work processes, reports, and analyses

Requirements

• Bachelor’s degree in accounting
• 4+ years of relevant accounting experience
• Deep experience with inventory accounting and cost accounting
• ERP experience required (manufacturing ERPs strongly preferred)
• Understanding of US GAAP and methodologies for technical research
• Strong communication skills and ability to partner cross-functionally
• Comfortable in environments undergoing change and modernization

Qualifications

• Experience with financial systems and software
• Ability to work independently and as part of a team
• Strong analytical and problem-solving skills
• Excellent organizational and attention to detail skills
• Proficiency in Microsoft Office Suite, particularly Excel

Skills

• Inventory management
• Cost accounting
• Financial analysis
• ERP systems
• US GAAP

Benefits

We offer a highly competitive salary, comprehensive benefits including: medical and dental, vision, disability and life insurance, 401K, PTO, paid holidays, gear discounts and the ability to add value to an exciting mission!

Pay

Annual Salary: $92,400.00 - $106,500.00

Schedule

Onsite in our Irvine, CA office