What are the responsibilities and job description for the Senior Inventory Accountant position at Equiliem?
Senior Accountant - Inventory
Full time - Direct Placement
The Senior Accountant - Inventory will report to the Manager of Inventory and collaborate with other members of the HQ accounting team on month-end and year-end close processes. This role is a key part of the Accounting team, providing oversight primarily related to inventory, inventory reserves, and the associated cost of goods sold. Responsibilities include assisting with technical research on complex accounting areas in these domains.
Responsibilities
Accounting:
- Participate in the month-end close process, including the preparation and/or review of journal entries, account reconciliations, variance explanations and other financial information and supporting schedules.
- Lead the analysis and management of inventory reserves to ensure accurate financial reporting and compliance with accounting standards.
- Develop and implement strategies to monitor and optimize inventory reserves, minimizing risk and financial exposure.
- Collaborate with cross-functional teams including supply chain, operations, and finance to assess inventory valuation and reserve requirements.
- Ensure adherence to company policies and external regulations related to inventory accounting and reserves.
- Assist with internal and external audits by providing necessary documentation, explanations, and support.
- Analyze financial data and trends to identify variances, anomalies, and opportunities for improvement.
- Act as the subject matter expert for assigned areas of responsibility and interact with all levels of management regarding issues related to these specific areas.
- Assist in the design and implementation of new controls in response to process changes, system implementations, or identified deficiencies from internal/external audits.
- Other duties as assigned
Experience, Education, and Abilities:
Experience Requirements
Requirements include but may not be limited to the following:
- Bachelor's Degree in accounting
- CPA Required
- Public Accounting background preferred
- Basic knowledge of concepts, practices, and procedures as relates to general ledger accounting
- PeopleSoft experience preferred
- Strong analytical skills
- Problem solving abilities
- Detail oriented
Position Performance Measures:
- Timely completion of tasks (maintaining/meeting deadlines on a daily/monthly and ad hoc basis)
- Quality of tasks (accuracy - lacking errors and providing meaningful documentation to support entries and/or position when decisions are made)
- Capacity (ability to maintain / manage volume of locations – which can be impacted by the complexity of said locations/business)
Salary : $90,000 - $96,000