Inventory Accountant

Liberty Lift Solutions LLC
19 Jun 2019
20 Jun 2019
Job role
Contract type
Full time
POSITION SUMMARY:The Senior Accountant position is responsible for the processing of inventory transactions; ongoing analysis of balance sheet and income statement accounts; design, improvement and enforcement of processes; and researching technical issues. This position must monitor those data accumulation systems needed to provide an appropriate level of information to management. General ledger responsibilities include creating journal entries and assembling supporting documentation, tracking the contents of general ledger accounts, reconciling subledgers to general ledger accounts, assisting with the monthly close process, processing transactions and creating portions of the financial statements. This position is approximately 50% inventory and cost accounting, 30% reconcile, review and analyze general ledger accounts, and 20% other. RESPONSIBILITIES:Project cash flow requirements and process payments to inventory vendorsResolve discrepancies between company and inventory vendorsReconcile shipment and payment status of inventory from ChinaWork with Inventory Managers at Corporate and Regional levels to ensure accuracy of inventory subledgersProcess inventory adjustments in ERP systemBecome subject matter expert for inventory modules in SytelineValidate the cost of goods sold as part of the month–end closeLead physical inventory counts and cycle counts and communicate resultsInvestigate counting variances and resolve issuesDevelop reports and process to inventory margins Prepare and manage assigned balance sheet general ledger accounts (lead sheets)Reconcile inventory related subledgers to general ledger on a weekly and monthly basisCommunicate with regions to resolve inventory issuesReview and analyze multiple income statements on a functional and regional basisProvide support for weekly, monthly and annual reports required by lendersMaintain deadlines for external reporting requirementsProcess journal entries into the ERP systemReview various subledgers on a weekly basis for old items that need to be cleaned upAssist in the production of monthly financial statements and reporting packageFacilitate external auditsPrepare inventory turnover ratios and provide analysisPrepare slow moving, excess and obsolete inventory reports and provide analysisCommunicate with multiple levels of employees to identify process improvementsSupport design, implementation and enforcement of process and improvementsAssist with annual property tax filingsAssist with annual insurance renewalsFile annual surveysOther duties as assignedQUALIFICATIONS:Bachelor's degree (B. A.) from four–year college or university with a focus on AccountingFive years related experienceMust have strong understanding of bookkeeping/accounting to input, process, and maintain subledgers and general ledger accountsIntermediate Excel SkillsFamiliar with ERP systems–SyteLine preferredFive years of accounting/ bookkeeping experience is preferred