Inventory Cost Accountant
About The Position
The accountant will manage and maintain inventory balances for TPCi. This role performs general cost accounting and other related duties in the accounting department. It prepares periodic reporting related to inventory, and maintains and reconciles the inventory related accounts in the general ledger. The role also prepares reserve entry and reconciliation for surplus and obsolete inventory. Additionally, it performs month-end close duties related to inventory including reconciliations, resolving subledger issues, and posting journal entries. The Inventory Cost Accountant creates and improves inventory reporting (aging, carrying cost, turns, discrepancy, profitability) for external stakeholders to assist in inventory management and accuracy of inventory balances. This role coordinates with external stakeholders to arrange and perform physical inventory counts as needed. It provides outside auditors with assistance by gathering necessary account information and documents to perform annual audit. As appropriate, it coordinates with software vendors to maintain the accounting software system and recommends updates to enhance it. The role also provides suggestions for and completes process improvement projects as needed.
Requirements
- Five (5) to seven (7) years of relevant professional experience or a demonstrated equivalent level of expertise.
- Bachelor's degree in a related field or a demonstrated equivalent level of applicable experience.
- Knowledge of general financial accounting and cost accounting.
- Understanding of and ability to adhere to generally accepted accounting principles.
- Proficient with accounting software, familiarity with Oracle Fusion preferred.
- Excellent organizational skills and attention to detail.
- Excellent written and verbal communication skills.
- Proficient in Microsoft Office Suite or similar software.
Nice To Haves
- Familiarity with Oracle Fusion.
Responsibilities
- Performs general cost accounting and other related duties in the accounting department.
- Prepares periodic reporting related to inventory.
- Maintains and reconciles the inventory related accounts in the general ledger.
- Prepares reserve entry and reconciliation for surplus and obsolete inventory.
- Performs month end close duties related to inventory including reconciliations, resolving subledger issues, and posting journal entries.
- Creates and improves inventory reporting (aging, carrying cost, turns, discrepancy, profitability) for external stakeholders to assist in inventory management and accuracy of inventory balances.
- Coordinates with external stakeholders to arrange and perform physical inventory counts as needed.
- Provides outside auditors with assistance; gathers necessary account information and documents to perform annual audit.
- As appropriate, coordinates with software vendor to maintain accounting software system; recommends updates to enhance the accounting software.
- Provides suggestions for and completes process improvement projects as needed.
Benefits
- 100% employer-paid healthcare premiums for you.
- Generous paid family leave.
- Employer-paid life insurance.
- Employer-paid long and short-term income protection insurance.
- 401k Employer Matching.
- Pension Employer Contributions.
- Fitness reimbursement.
- Commuter benefit.
- LinkedIn learning.
- Comprehensive relocation package for certain roles.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
