Title: Inventory Accounting Manager
Industry: Aerospace/Defense
Location: Denver
Overview: Pacific Executive Search has been engaged on a search for an Inventory Accounting Manager. In this role, you will lead a team to manage all inventory accounting activities, enhancing your leadership skills while collaborating closely with Finance, Operations, and Supply Chain. Located in the vibrant Denver area, this position offers significant opportunities for career growth as you shape inventory practices in a fast-growing environment.
Description:
Responsibilities
- Supervise a team of two direct reports in overseeing all inventory accounting functions across various locations, including month-end closing, reconciliations, journal entries, and financial reporting.
- Examine and reconcile intricate bills of materials (BOMs) and work orders to ensure precise inventory costing and identify production discrepancies.
- Organize and manage regular inventory counts—prepare count sheets, verify completeness, address inquiries, and conduct post-count reconciliations and ERP adjustments.
- Analyze inventory transactions for raw materials, prepaid inventory, work-in-progress (WIP), and finished goods, providing insights on valuation trends and cost of goods sold (COGS) impact.
- Maintain standard cost structures, execute cost revaluations, analyze variances, and collaborate with operations to align costs with actual figures.
- Assess and establish reserves for excess, obsolete, or slow-moving inventory, ensuring appropriate write-downs and disclosures in accordance with GAAP.
- Work alongside Finance, Operations, and Supply Chain to address issues, streamline processes, and implement technology-driven enhancements.
- Lead ERP improvements by resolving post-implementation challenges and spearheading data clean-up initiatives to ensure accurate inventory and costing records.
- Monitor and report on key inventory metrics (turnover, days on hand, shrinkage, obsolescence) to aid in decision-making and working capital management.
- Ensure that inventory accounting entries adhere to U.S. GAAP and internal policies.
- Develop and implement control procedures to improve inventory accuracy, mitigate risks, and uphold data integrity.
- Coordinate with auditors by providing necessary documentation, addressing findings, and ensuring compliance with regulations.
- Facilitate timely and accurate cost reporting, tax filings, and preparation of other required documentation.
Qualifications
- Bachelor’s degree in Accounting with a minimum of five (5) years of relevant accounting experience.
- Demonstrated expertise in inventory accounting within ERP systems, ideally in a complex manufacturing setting; experience with Oracle Fusion is highly desirable.
- Advanced skills in Microsoft Excel and other software tools to improve efficiency and data analysis.
- In-depth knowledge of U.S. Generally Accepted Accounting Principles (GAAP).
- Excellent organizational abilities with the capacity to prioritize tasks and manage multiple deadlines in a fast-paced, dynamic environment, working independently with minimal oversight.
- Strong interpersonal skills to effectively collaborate with cross-functional teams and mentor junior staff.
- CPA certification is a plus.
