What are the responsibilities and job description for the Inventory Staff Accountant position at Abel & Schafer Inc.?
- Maintain and update inventory records in the general ledger and ERP systems, ensuring stock is valued correctly.
- Perform monthly reconciliations between physical stock ledger, warehouse tool, and general ledger.
- Oversee cycle counts and physical inventory counts, investigating any variances.
- Analyze cost of goods sold (COGS), purchase price variances, freight and duty allocations, and gross margins.
- Prepare inventory-related journal entries, accruals, and reserve calculations for obsolete or slow-moving stock.
- Supply accurate current landed cost data to R&D and Sales for use in calculating project cost and customer selling prices.
- Collaborate with purchasing, warehouse, operations to resolve discrepancies and streamline supply chain data.
- Supply audit support for the year end external review, as it relates to inventory and capital expenditures
- Support the accurate reporting of capital expenditures (Capex).
Qualifications and Education Requirements
- Bachelors Degree in Accounting or Finance or 3 or more years of relevant experience.
- Experience in the manufacturing industry a plus
- Experience with M3 and/or SAP a plus
Preferred Skills
- High attention to detail and high accuracy rate
- Good inter-personal, verbal, and written communication skills.
- Ability to work independently, accurately and prioritize job tasks.
- Intermediate to advanced MS Office skills (Excel, Word, PowerPoint, Outlook)
- Excellent organization skills and client service attitude
Benefits
- Medical, dental and vision insurance
- 401(k) retirement plan with employer match
- Paid vacation and sick time
- Paid Holidays