Sr Inventory Analyst

Daniels Manufacturing Corporation•Orlando, FL

4d•Onsite

About The Position

As we continue to grow, Daniels Manufacturing Corporation (DMC) is seeking a detailed-oriented and organized Sr. Inventory Analyst to join our enterprise-wide accounting team. This position will play a crucial role in analyzing, reporting, and controlling costs associated with manufacturing operations with multiple entities and locations. This position will also collaborate closely with cross-functional teams to ensure accurate financial reporting, budget management and cost analysis. This position is a US based (Orlando, FL), work in-office role (8am-5pm Eastern time).

Requirements

Bachelor’s degree in accounting, finance, or related field required
Minimum of 5-7 years of experience in a manufacturing environment , with focus on cost accounting
Proficiency in financial modeling and analysis
Experience with ERP systems and accounting software (Infor Syteline, Oracle, SAP, MS D365, MS Excel)
Excellent communication and interpersonal skills
Ability to work independently and collaborate effectively with cross-functional departments
Strong analytical and problem-solving skills
Attention to detail and accuracy

Responsibilities

Develop cost analysis and gross margin reports for management
Review Infor Syteline job cost variance reports for potential efficiency gaps and/or material variances
Support entities in reaching financial KPIs and strategic objectives
Participate in cross functional meetings to address procedural and/or control issues pertaining to inventory movements and adjustments
Analyze manufacturing costs of Raw Materials, Labor and Overhead, to identify trends, variances, and areas for improvement at all entities
Monitor inventory shrink, scrap, and obsolescence and provide monthly summaries to senior management
Prepare productivity KPI reports by manufacturing work center
Track all direct and indirect labor hours by manufacturing job and work center
Collaborate with engineering and production teams to update Bills of Material as required
Review and audit all CEA (Capital Expenditure Authorizations) submissions for profit-improving
Support engineering department for all cost savings and cost reduction projects
Review outside processing expenses tied to jobs and report variances from expected purchase order approved amounts
Assist with annual overhead rate calculation
Monitor inventory levels and valuation, ensuring accuracy and adherence to accounting standards
Assist in reconciling physical inventory counts with system records and investigate discrepancies
Monitor daily inventory cycle counts and address inventory items that are out of compliance
Work closely with Inventory Manager and manage Cycle Count ABC codes in Infor Syteline
Work closely with procurement and manufacturing to optimize inventory turnover and days of supply
Analyze and reconcile off-site inventory for Amazon and off-site warehouse
Support annual physical inventory for DMC manufacturing operations
Help maintain Infor Syteline data fields for inventory adjustment reason codes
Assist in the preparation of budgets and forecasts related to cost of goods sold and manufacturing expenses (variable / fixed)
Provide support for all planned and forecasted direct and indirect labor hours by work center
Compile and provide support for all projected CAPEX for budgets and forecasts
Develop metrics for forecasted and budgeted inventory shrink, scrap, and obsolescence
Prepare all monthly journal entries relating to inventory reconciliation and cost analysis
Reconcile inventory general ledger control accounts to inventory subsidiary ledger (Raw Materials, WIP, and Finished Goods)
Manage and maintain fixed assets and monthly depreciation schedules
Provide support for Monthly Business Review relating to inventory metrics
Assist with other balance sheet account reconciliations as assigned
Assist with annual audit for all inventory reconciliations