Inventory Accounting Manager

The Inventory Cost Accounting Manager oversees the accurate tracking, analysis, and reporting of inventory-related costs. This role requires a highly analytical and detail-focused professional who can manage complex inventory processes, ensure compliance with accounting standards, and deliver insights that support strong financial performance.

Client Details

Personal care manufacturing company

Description

• Inventory Cost Management: Manage the accurate recording of all inventory transactions, including purchases, transfers, adjustments, and disposals. Ensure costs are properly assigned and reflect the true cost of goods sold.
• Cost Analysis & Reporting: Develop and deliver detailed cost analyses and inventory-related financial reports. Identify inefficiencies and recommend improvements to enhance accuracy and streamline processes.
• Compliance & Auditing: Maintain compliance with Generally Accepted Accounting Principles (GAAP) and other applicable regulations. Support and coordinate internal and external audits related to inventory accounting.
• Inventory Valuation: Perform regular inventory valuations and reconciliations. Monitor inventory trends and evaluate their financial impact.
• Reserves Analysis: Calculate and analyze inventory reserves, partnering with supply chain teams to assess and determine appropriate reserve levels.
• Cross-Functional Collaboration: Partner with supply chain, operations, and other departments to ensure accurate inventory tracking and costing. Provide financial guidance and insights to support decision-making.
• Month-End Close: Oversee month-end close activities for inventory-related accounts, including associated e-commerce transactions and sales tax processes handled through third-party systems.
• Team Leadership: Lead, mentor, and develop a team of inventory accounting professionals. Provide training, direction, and performance feedback to maintain a high-performing team.
• Variance Analysis: Work with financial planning teams to analyze differences between actual and budgeted costs, providing explanations and recommending corrective actions.
• Process Improvement: Continuously evaluate and enhance inventory accounting processes. Implement best practices and stay informed on industry trends and system advancements.

Profile

• Education: Bachelor's degree in Accounting or a related field; CPA preferred.
• Experience: At least 5 years of experience in inventory or cost accounting, including a minimum of 1 year in a leadership role.
• Technical Skills: Strong proficiency in accounting and inventory systems, advanced Excel skills, and experience with ERP platforms (SAP Business One experience is a plus).
• Analytical Ability: Excellent problem-solving skills with the ability to interpret complex data and provide actionable insights.
• Attention to Detail: High level of accuracy in financial reporting and analysis.
• Communication: Strong verbal and written communication skills, with the ability to explain financial concepts to non-financial audiences.
• Leadership: Demonstrated ability to lead, motivate, and develop a team.
• Interpersonal Skills: Effective collaborator with the ability to work across departments.
• Organization: Strong time management skills with the ability to manage multiple priorities.
• Adaptability: Comfortable working in a dynamic, fast-paced environment and adjusting to changing business needs.

Job Offer

• 401(k): Competitive retirement savings plan with company match.
• Hybrid (2 days in office) + 10 weeks remote in addition
• Paid Time Off (PTO): Generous PTO policy including vacation, sick time, and company-recognized holidays.
• Health & Wellness: Medical, dental, and vision insurance options.
• Additional Benefits: Life insurance, disability coverage, and employee assistance programs.
• Professional Development: Opportunities for training, certifications, and career advancement.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.