Senior Cost Accountant

We are hiring! at Supply Technologies, a subsidiary of ParkOhio(NASDAQ:PKOH), specializes in supplier selection and management, planning, implementing, managing the physical flow of product for world-class international manufacturing companies, and servicing customers in the various markets.

Apply today and become part of a team on this journey within more than 100 industries; expertise in nearly every inventory management discipline; use of advanced and emerging technologies, and a singularly connected global infrastructure, only Supply Technologies has the intellectual and technological infrastructure to give you a program of process, resource and production efficiencies that improve your competitive position in the marketplace.

Job Summary:

Cost Accountant is responsible for maintaining accurate inventory valuation and ensuring proper accounting of all inventory-related transactions for the distribution network. This role supports financial reporting by reconciling inventory balances, monitoring cost variances, and coordinating with Operations, Procurement, and Warehouse teams to ensure data integrity across systems.

We are seeking a talented Senior Cost Accountant to join our team. The Senior Cost Accountant is responsible for the following:

Responsibilities:

• Inventory Reconciliation & Valuation
• Maintain accurate inventory records across all warehouse locations.
• Reconcile perpetual inventory to the general ledger monthly.
• Analyze inventory adjustments, cycle count variances, and shrinkage.
• Monitor obsolete, slow-moving, and damaged inventory for proper valuation and reserves.
• Cost Accounting
• Review product cost updates and ensure proper standard or average cost application.
• Support costing of purchased and transferred items between branches.
• Validate landed costs (freight, duties, etc.) and ensure proper allocation to inventory.
• Month-End / Quarter-End Close
• Prepare inventory-related journal entries and reconciliations.
• Assist with physical and cycle audits and ensure all variances are investigated and explained.
• Support internal and external audit requirements related to inventory.
• Process Improvement
• Partner with Operations and Supply Chain to identify and correct process inefficiencies affecting inventory accuracy.
• Assist in developing and maintaining internal controls over inventory management.
• Contribute to system implementations or enhancements (ERP, warehouse management systems).
• Reporting & Analysis
• Provide monthly and quarterly inventory reports (turnover, valuation by location, variance analysis).
• Assist in budgeting and forecasting related to inventory and cost of goods sold.
• Analyze gross margin impacts related to inventory adjustments or cost changes.

Must Haves:

• Accounting experience, preferably in distribution, wholesale, or manufacturing.
• Proficiency in accounting software (SAP 4 Hana a plus) and advanced knowledge of MS Excel.
• Strong analytical, organizational, and problem-solving abilities; excellent communication and leadership skills.
• Strong analytical, organizational, and problem-solving abilities; excellent communication and leadership skills.
• Bachelor’s Degree Accounting, Finance or related field experience.

WE Value:

• MBA, CPA or CMA certification preferred.

OUR Team Members:

Do The Right Thing and we will succeed: We insist on honest and ethical behavior; We treat others respectfully; Our actions are underlined with high integrity; We partner with others who hold these same values.

Go One Better to achieve greatness: We strive to do our best every day; We are curious and seek alternative viewpoints; We value innovation to deliver long-term success; We will not accept the status quo and tirelessly seek to improve.

Customer First balanced with Company results: We serve our customers with a sense of urgency; We strive to anticipate our customers’ needs; We work with our customers to ensure we are providing them the best solutions they value; We help to deliver the long-term success of our company.

WE DO what we say: We seek clarity and understanding; We follow through on our commitments; We respectfully challenge and collaborate to achieve mutual success; Once we agree, we move forward and make no excuses.

Together we win: We respect and value each other’s thoughts and opinions; We make the time to develop meaningful relationships; We seek new opportunities to continuously learn: We never miss an opportunity to bring out the best in others.

Make a career at SUPPLY TECHNOLOGIES:

Career Development: Success starts from within, and we will help you chart your path from which you can enhance your career evolution.

Supply Technologies provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

Job Type: Full-time

Benefits:

• Medical insurance
• Health saving account
• Dental insurance
• Vision insurance
• Life insurance
• 401(k)
• Pension Plan
• Paid time off
• Referral program
• Tuition reimbursement
• Employee Assistance

Work Location: On Site- Cleveland, OH