What are the responsibilities and job description for the Inventory Accountant (Staff) position at iRobot Corporation?
Introduction
iRobot is seeking a Staff Accountant to join our Finance Department. The Staff Accountant will report to the Senior Accounting Manager with exposure to the Corporate Controller. This role will be responsible for the accuracy of inventory and cost of goods sold (COGs) transactions and support the monthly close process by recording journal entries and performing balance sheet reconciliations related to these areas. Additionally, this role will be working closely with key business partners in these areas to ensure accuracy of information presented. The ideal candidate will have a solid understanding of Generally Accepted Accounting Principles (GAAP).
They will be part of a high-performing team and will be expected to lead, take ownership of their areas of responsibility and ensure accurate and timely completion of company reporting requirements. This role will provide a variety of opportunities to be visible within the company.
What You Will Do :
Key activities include but are not limited to :
- Maintain and update inventory standard costs, overhead rates and transfer pricing in Oracle ERP.
- Perform weekly review of subledger transactions including inventory variances (i.e. PPV, IPV, revaluation), material overhead, freight and departmental costs to ensure proper accounting or propose updates as necessary.
- Work closely with the Operations team to ensure general ledger coding is accurate.
- Assist manager in owning the inventory system and work closely with IT to fix issues and / or identify enhancements.
- Prepare, review and post monthly journal entries to the general ledger related to inventory and COGs.
- Perform monthly balance sheet reconciliations including perpetual inventory, manual inventory, goods received not invoiced and accrual accounts.
- Review and analyze COGs related accounts for trends and discuss fluctuations from prior months and quarters.
- Support variance analysis by addressing questions and performing research as necessary.
- Assist other team members with special projects as needed.
- Facilitate and support quarterly and annual requests from internal and external auditors.
- Critically review current accounting and reporting processes to identify ways to improve and automate.
- Ensure compliance of key accounting controls for Sarbanes Oxley purposes.
To Be Successful You Will Have :
