Inventory Cost Accountant

CCL Label•Baltimore, MD

About The Position

The Inventory Cost Accountant will be responsible for managing, analyzing, and reconciling company inventory and manufacturing costs to ensure accurate financial reporting and valuation of inventory. This role ensures the integrity of inventory data within the ERP system, conducts variance analysis, manages month-end close procedures for inventory, and collaborates with warehouse and production teams to optimize inventory controls and cost efficiency. Additionally, this role will assist the Controller with various month end accounting tasks.

Requirements

Intermediate knowledge and understanding of Accounting principles/practices
2+ years of accounting experience
Advance knowledge of Microsoft Office programs (Outlook, Word, Excel)
Strong analytical skills with high attention to details and trends
Hands-on experience with spreadsheets and financial reports
Ability to work well with others
Strong organizational skills and capable of meeting set deadlines
Professional verbal and written communication skills

Nice To Haves

An associate or bachelor’s degree preferred

Responsibilities

Perform monthly reconciliations between the sub-ledger inventory balances and the general ledger.
Investigate and resolve inventory discrepancies.
Assigning costs to products, including direct costs and indirect costs.
Maintain and update standard costs for raw materials, work-in-progress (WIP), and finished goods.
Analyze and report on variances, including material usage, labor efficiency, and overhead absorption.
Prepare and post inventory-related journal entries.
Calculate and record reserves for slow-moving, excess, and obsolete (SLOB) inventory.
Coordinate and oversee physical inventory counts and routine cycle counting programs.
Ensure compliance with internal controls and GAAP standards.
Partner with operations, purchasing, and warehouse teams to improve inventory tracking workflows and reduce production waste.
Review and analyze production data for accuracy and reasonableness.
Investigate and make corrections as necessary.
Assist the Controller with various month end accounting tasks.