What are the responsibilities and job description for the Senior Accountant position at Building Material Distributors, Inc.?
The Senior Accountant – Inventory & Cost Accounting for BMD Inc., is responsible for maintaining the accuracy and integrity of inventory valuation, cost accounting, and related financial reporting across a complex, high-volume, multi-location and/or multi-entity environment. This position plays a key role in month-end closing, inventory reconciliations, cost of goods sold analysis, and internal controls. The ideal candidate is analytical, detail-oriented, systems-savvy, and capable of partnering cross-functionally to improve processes and support accurate financial reporting.
This role is critical to ensuring the integrity of inventory accounting, cost reporting, and financial results. The Senior Accountant – Inventory & Cost Accounting helps drive accurate decision-making by maintaining strong controls, delivering meaningful analysis, and partnering across the organization to improve financial and operational outcomes.
Competencies
- Builds High Performing Teams/Strategic Talent Management
- Business Acumen
- Coaches and Manages Conflict/Courage
- Communication
- Company Values
- Continuous Improvement
- Decision Making
- Drives for Results
- Focus on Customers
- Innovation and Creativity
- Leads Change
- Partnership/Builds Relationships
- Strategic Thought Leadership
Essential Functions
- Oversee monthly inventory close processes, including journal entries, reconciliations, and flux analysis.
- Ensure accurate inventory valuation in accordance with company policy and applicable accounting standards.
- Review and analyze cost of goods sold and gross margin trends to identify issues, risks, and opportunities.
- Monitor inventory reserves, including obsolescence, excess, slow-moving, and shrink reserves, and recommend appropriate adjustments.
- Reconcile perpetual inventory records to the general ledger and investigate discrepancies.
- Partner with operations and other cross-functional teams to analyze variances, cycle count results, and physical inventory adjustments.
- Support the development and maintenance of strong internal controls over inventory and costing processes.
- Lead inventory-related activities for the month-end and year-end close processes.
- Prepare account reconciliations with clear supporting documentation and timely resolution of reconciling items.
- Assist with external audit requests related to inventory, cost accounting, and internal controls.
- Support financial reporting and consolidation processes across multiple locations or legal entities.
- Identify and implement process improvements to enhance efficiency, consistency, and accuracy in accounting operations.
- Work closely with ERP systems to validate data integrity and ensure reporting accuracy.
- Develop, maintain, and enhance reporting tools related to inventory turnover, gross margin, and working capital analysis.
- Use advanced Excel and reporting tools to analyze large data sets and provide actionable insights.
- Assist with ERP implementations and system upgrades, including inventory data migration, chart of accounts mapping, system testing, and validation of inventory and costing workflows.
- Collaborate with finance and operational teams to improve system utilization and reporting capabilities.
Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions.
Qualifications
- Bachelor’s degree in accounting or finance (CPA eligible preferred)
- 4-6 years of progressive accounting experience, with significant exposure to inventory and cost accounting
- Strong experience in inventory-heavy environments (preferred)
- Solid understanding of GAAP related to inventory and cost accounting
- Experience working in complex, multi-location or multi-entity environments preferred
- Advanced Excel skills: ERP system experience required
- Strong analytical, problem-solving, and communication skills