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Inventory Accounting Specialist

Dakota Mill & Grain, Inc.
Rapid, SD Full Time
POSTED ON 11/18/2025
AVAILABLE BEFORE 1/17/2026

Inventory Accounting Specialist

Dakota Mill & Grain, Inc. is a family-owned South Dakota Agribusiness Company headquartered in Rapid City, South Dakota. We are currently seeking an Inventory Accounting Specialist, who is responsible for maintaining accurate inventory costing in conformity with generally accepted accounting principles. This position reports directly to the Chief Financial Officer.

Duties and Responsibilities Include:

  • Record merchandise inventory purchases in both Inventory and Accounts Payable subsidiary ledgers
  • Verify invoice pricing against purchase orders and quotes
  • Monitor and adjust the inventoriable cost of items based on purchase and/or manufacturing cost history
  • Apply intercompany and external freight costs to inventory
  • Calculate and apply vendor rebates
  • Initiate electronic payment to vendors
  • Setup and maintain system item codes
  • Reconcile merchandise inventory subledger balances to the general ledger monthly
  • Compile and distribute a variety of inventory and general accounting reports for management
  • Assist with ad hoc accounting analysis and special projects

A Successful Candidate will possess the following:

  • Associate degree in accounting and/or 3 years of accounting experience preferred
  • Excellent written and verbal communication skills
  • Demonstrated proficiency with all Microsoft Office Suite products, with an emphasis on Excel
  • Working knowledge of generally accepted accounting principles and sound research skills
  • Strong work ethic, with the ability to multi-task and effectively prioritize workload

Salary:

  • Depends on experience
  • Paid bi-weekly via direct deposit

Benefits of this Position Include:

  • Health Insurance
  • Flexible Spending Program with Health Care and Dependent Care Reimbursement Plans
  • Dental Insurance
  • Life Insurance
  • AFLAC Supplemental Insurance Products
  • Simple IRA Program with Company Match
  • College Savings Program
  • Generous Paid Time Off & Paid Holidays

Job Type: Full-time

Expected hours: 40 – 45 per week

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Flexible spending account
  • Health insurance
  • Life insurance
  • Paid time off

Education:

  • High school or equivalent (Required)

Experience:

  • Accounting: 3 years (Preferred)

Work Location: In person

Salary.com Estimation for Inventory Accounting Specialist in Rapid, SD
$38,394 to $47,257
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