Description
The Senior Staff Accountant (Inventory Cost Analyst) to work exclusively with our Supply Chain. Under minimal supervision owns supply chain and inventory accounting involving accurate and timely recording, analysis, reporting, and forecasting. Handles complex issues and problems, escalating to higher-level staff when appropriate. The position is located in Durham, NC and will be on a hybrid schedule.
Minimum Qualifications
• Bachelor’s degree in accounting, Finance, or related field or relevant experience for a minimum of 6 - 7 years.
• Sound analytical skills and understanding of accounting principles.
• Computer Literate – Strong Excel skills and the ability to use PowerBI, TEAMS, Outlook, and Word; ERP experience required.
• Accurately prepare cost reports at various requested frequencies.
• Prepare journal entries and reconcile balance sheet accounts.
• Experience working with cross-functional teams on analysis of costs and process improvements
Preferred Qualifications
• General ledger accounting experience in a complex project-based manufacturing environment.
Knowledge, Skills and Abilities
• Knowledge and application of general accounting theory with more in-depth focus in supply chain areas, particularly inventory, in a manufacturing environment.
• Strong in Excel and able to become proficient in IFS and PowerBI connection.
• Excellent verbal and written communication skills.
• Thinks holistically about the business and considers impact of decisions. Overall comprehension of supply chain process with ability to delve into details and problem solve for issues with elevated levels of transactional data.
• Strong skills in understanding transactional inventory process flows, financial mapping, and internal control frameworks.
• Safeguards the company’s assets and anticipates risks and challenges, innovating and improving practices and processes and collaborating across organizational boundaries while maintaining compliance and internal controls.
• Accepts and Tackles demanding goals with enthusiasm.
• Uses internal and external resources to actively develop leadership and functional skills for self and shares learning broadly.
Essential Functions
• Month-end closing of the General Ledger including balance sheet reconciliations and income statement account review for trends, missing costs, and coding issues.
• Generating monthly departmental financial reports providing analysis of actuals versus budget, forecast, and/or prior year along with trends and presenting to Departmental Managers and Directors.
• Leading annual budgeting and quarterly forecasting costs for use in controlling expenditures and establishing company-wide targets.
• Recording adjustments to the accounting records as needed to accurately reflect costs through routine and non-routing journal entries.
• Providing financial guidance to operations management and their staff, working closely with cross-functional counterparts to:
- develop and maintain policies and processes to handle new or existing transaction streams.
- understand manufacturing flow and impact on cost detail accumulation for various stages of inventory valuations, costing method and underlying posting controls mapping for each inventory transaction and subsequent impact of subledger to general ledger.
- understand purchasing, inventory management and distribution/logistics theories and their financial impact from purchase price, inbound freight, and purchase price variances through carrying costs of inventory and outbound/inter-site freight.
- implement and review controls, noting discrepancies.
• Ensuring completeness and accuracy of inventory quantity and valuation along with appropriate reserves calculation. Preparing support for audit queries as the lead contact to external auditors on inventory topics.
• Collaborating with Supply Chain Analytics Team on KPI (Key Performance Indicators) metrics and analysis ensuring accurate consideration of financial aspects:
- Inventory levels, turns, non-customer vs customer.
- Slow-moving, Excess, Obsolete identification, approval, and disposition.
- Cycle counting completeness and accuracy.
- Material Review Board (MRB) tracking and consideration of costs to repair.
- Risk mitigation of potential obsolete inventory based on demand loaded in IFS.
• Owning end-to-end Procure-to-Pay financial process.
• Ensure functional area procedures are maintained and followed.
• Manage process to timely resolve open Received Not Invoiced and Invoice Not Received issues with purchasing, receiving, quality, and A/P.
• Stage payment process review.
• Account reconciliation for RNI (Received Not Invoiced) and Stage payment (supplier deposits).
• Review/approve Coding for Expense Reports, Purchase Orders, and other purchases.
• Administering utilization target metrics and supporting components in PowerBI.
• Other general accounting and financial analysis, as required.
Up to 10% Travel
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)Operating Company: PowerSecure
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