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Inventory Accountant

Inventory Accountant

CFSMundelein, IL, United States
15 days ago
Job type
  • Full-time
Job description

Inventory Accountant

$80,000 to $100,000

Overview :

We are seeking a detail-oriented Inventory Accountant to oversee inventory management, cost accounting, and reporting. This role will ensure accurate inventory valuation, support financial reporting, and collaborate with operations and supply chain teams to optimize inventory processes and controls.

Why Work Here :

Impactful Role : Play a key role in maintaining the accuracy and efficiency of our inventory system, directly influencing financial performance

Collaborative Environment : Work closely with a diverse team across operations, supply chain, and finance to drive business improvements

Work-Life Balance : Enjoy flexible work schedules and a supportive, balanced work environment

Professional Growth : Access to learning opportunities, mentorship, and potential for career advancement in a growing company

Company Stability : Join a well-established company with a strong reputation and steady growth in the industry

Key Responsibilities :

Manage inventory accounting processes, including monthly and year-end inventory reconciliations

Ensure accurate costing and valuation of inventory, including standard cost updates, cost of goods sold (COGS) analysis, and inventory adjustments

Reconcile physical inventory counts with the general ledger and investigate discrepancies

Support month-end close process, ensuring accurate and timely reporting of inventory-related financials

Analyze inventory trends, perform margin analysis, and identify opportunities for cost control

Collaborate with supply chain, purchasing, and operations teams to improve inventory accuracy and efficiency

Assist with internal and external audits, ensuring compliance with inventory-related controls and procedures

Maintain and improve inventory reporting tools, systems, and processes

Support the implementation of new inventory systems or process improvements as needed

Qualifications :

Bachelor's degree in Accounting, Finance, or related field

2-4 years of accounting experience with a focus on inventory, cost accounting, or manufacturing

Strong understanding of inventory management, costing methods (e.g., FIFO, LIFO, weighted average), and COGS analysis

Proficient in accounting software (e.g., SAP, Oracle, NetSuite) and Microsoft Excel

Excellent attention to detail and organizational skills

Strong analytical skills and ability to work cross-functionally with operations and supply chain teams

Knowledge of GAAP and cost accounting principles

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Inventory Accountant • Mundelein, IL, United States