Inventory Cost Accountant

EDI Staffing

Role Overview
The Inventory Cost Accountant is responsible for managing and analyzing inventory costs, supporting accurate financial reporting, and participating in the month-end close process. This role ensures the integrity of inventory valuation, monitors cost variances, and partners with operations and supply chain teams to improve cost efficiency and internal controls.

Responsibilities:

Participate in month-end close activities, including preparation of journal entries, account reconciliations, and inventory-related accruals
Monitor and investigate inventory variances (purchase price variance, scrap, and obsolescence)
Reconcile inventory subledger to general ledger and resolve discrepancies in a timely manner
Support physical inventory counts and cycle counts; analyze results and ensure proper adjustments are recorded
Review and maintain inventory reserves (excess and obsolete inventory)
Collaborate with operations, procurement, and production teams to ensure accurate cost data and inventory transactions
ssist in the development and documentation of internal controls related to inventory and costing processes
Support audit requests (internal and external) by providing documentation and explanations
Prepare and analyze reports related to inventory valuation, cost of goods sold, and gross margin

Requirements

Bachelor's degree in Accounting, Finance, or related field
bout 5 years of accounting experience, preferably in inventory or cost accounting
Strong understanding of inventory accounting principles and cost accounting methodologies (standard costing, FIFO, etc.)
Experience with SAP ERP systems and advanced Excel skills
Strong analytical and problem-solving skills with attention to detail
bility to work independently and meet deadlines in a fast-paced environment
Effective communication skills and ability to collaborate across departments

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Vacancy posted 4 days ago

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