Inventory Cost Accountant

Penn Entertainment•Houston, TX

6d•Onsite

About The Position

The Inventory Cost Accountant processes inventory movements promptly to meet Operations deadlines and monitors inventory processes by analyzing transactions, investigating and resolving variances, and identifying trends and opportunities to improve inventory management efficiency. The role performs inventory spot checks and audits, records transactions, and prepares management reports. It also contributes to the ongoing development, implementation, maintenance, and application of the company’s accounting practices, procedures, and standards. Strong interpersonal, presentation, and analytical skills are needed to communicate findings and recommendations effectively. The position is based at 6401 North Eldridge Pkwy, Houston, Texas, and reports to the Division Controller, Operations (also identified as Controller AeroAdvantage & Ops).

Requirements

Bachelor’s degree in Accounting, Finance, or a similar business field.
2–3 years of accounting, finance, or related experience using financial and operational tools and systems, such as MRP and ERP.
Proven experience as an Inventory Analyst or in a similar role.
Basic understanding of financial and accounting principles and practices.
Proficiency in Microsoft Office Suite and financial management software, especially Microsoft Excel, with the ability to manage and analyze large datasets efficiently.
Strong analytical skills, attention to detail, and a high degree of accuracy.
Strong organization and prioritization skills to meet deadlines.
Willingness to learn and grow in a complex environment.
Excellent oral and written communication and interpersonal skills.
Proactive and self-motivated approach.
Ability to work well in a team-oriented environment.
Ability to handle stress and perform effectively under pressure.

Nice To Haves

Proficiency in Microsoft Great Plains Financials or a related system.
Knowledge of manufacturing, supply chain, and procurement workflows and systems.
Knowledge of cost accounting, inventory management processes, and tools.

Responsibilities

Process daily inventory transactions in the system and monitor inventory movements in the ERP system (GP), track orders, and investigate problems.
Monitor daily inventory movements, including Sales Pad, Inventory Movements, MRO, and Manual.
Analyze and report on stock counts, including count frequency and adjustment values.
Assist with month-end closing activities, including journal entries, financial analysis, account reconciliations, and supporting schedules.
Collaborate with the Operations team to develop and implement procedures that improve inventory control and management.
Generate and analyze inventory reports to identify trends and improvement opportunities.
Conduct process and data audits to assess control effectiveness and identify efficiencies.
Reconcile inventory accounts weekly between the system and physical inventory.
Identify and report risks of errors in the inventory control system to support process improvements.
Work with Operations to ensure inventory transaction data is accurate and complete.
Monitor the inventory management system, identify root causes of problems, and determine appropriate solutions.
Support cycle counting, quarterly field bank audits, and annual physical inventory.
Monitor slow-moving inventory to minimize obsolescence and maximize profitability.
Process journal entries and work-order cost transfers related to inventory transactions.
Prepare documentation and facilitate access to financial records for external auditors during financial statement audits.
Perform special projects and other tasks assigned by the Division Controller, Operations.