About the Role
The Senior Inventory Accountant is responsible for managing multiple priorities and meeting deadlines in a fast-paced time-sensitive environment while maintaining transactional excellence and internal controls.
Key Activities
Perform and analyze cost accounting calculations for raw materials, WIP, and finished goods
Review bills of materials, and assist in set up of WIP jobs for accurate capture of costs into the ledger
Determine cost of goods sold differentiating costs to be absorbed into inventory and recorded within inventory in accordance with GAAP versus costs to be expensed as incurred
Research, analyze, and formally document accounting transactions to ensure adherence to reporting requirements and compliance with U.S. GAAP
Specific area of focus on ASC topic 330 (Inventory). The tracking, reconciliation/roll forward, and reporting of the inventory levels and values of all warehouse locations (raw materials, WIP, and finished goods)
Communicate directly and often with our operations, supply chain, and site leaders to assess inventory questions, accounting treatment, and process
Audit inventory movements and purchases of site-level transactions in the ERP
Assist in review of inventory purchases with the business to ensure proper accounting treatments
Preparing memos and internal communication outlining the Company’s inventory asset position
Assist in the preparation and review of quarterly and annual financial statement filings including footnotes and disclosures, drafting of financial statement schedules and completing GAAP checklists
Support the roll-out of new NetSuite warehouse management functionality to include companywide operational facilities.
Support the Chief Accounting Officer (COA) and Accounting Manager in maintaining the Company’s financial reporting and policies
Establish timelines and prioritization of monthly and quarterly individual deliverables to support monthly and quarterly close processes as well as financial reporting timelines
Interface with internal and external auditors for quarterly reviews and annual audit
Assist FP&A with budget versus actual analyses for WIP and COGS entries and inventory turnover
Preferred Skills
8-10 years experience in various progressively senior accounting roles
Manufacturing and agriculture industry experience a plus
Experience in applying various GAAP ASC standards
Big 4 accounting firm experience and audit experience
Technology: Experience in PowerBI, Power Query, NetSuite, Sage 100, and other ERP experience
Education and Experience
Bachelor’s Degree in Accounting/Business
Inventory accounting ASC 330 in a manufacturing or growing facility
Extensive reconciliation experience in a variety of accounting areas
Experience: 3-5 years experience in an accounting role with proven advancement
About Us
Finding a great opportunity that fosters growth, a great culture, and leadership opportunities can be difficult. Top Quality Recruitment (TQR) connects professionals with leadership opportunities across the Packaging, Food and Beverage, Medical Devices, and Biotechnology industries. With 50+ years of experience, we believe in one-to-one communication and finding the best candidate/employer match possible.
TQR is an equal-opportunity employer that encourages diversity. We will consider all applications.
Accommodation for applicants with disabilities is available upon request.
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