Inventory Accounting Manager

1 month ago

Sugar Land, United States IES Residential Full time

Company Overview:


IES Residential, a division of IES Holdings, Inc. (NASDAQ: IESC), is a leader in electrical contracting for residential, multifamily, and industrial construction projects. As part of IES Holdings, we have a strong national presence with over 8,000 employees and 125+ locations. We pride ourselves on delivering innovative electrical and technology solutions across the United States.


Job Overview:


We are seeking a highly analytical and detail-oriented Inventory Accounting Manager to manage and optimize the inventory processes for our residential and multifamily divisions. The successful candidate will play a key role in transitioning our inventory management to a system-based process and working closely with our ERP implementation team. This is a dynamic role that will evolve as the company migrates to new systems and processes, offering significant opportunities for growth and development.


Key Responsibilities:


Inventory Management & Analysis:

  1. Oversee the analysis and tracking of inventory across multiple divisions, including electrical, plumbing, and HVAC materials.
  2. Conduct regular reviews of inventory levels, ensuring alignment between expenses, usage, and balance sheet accounts.
  3. Analyze top inventory items and perform monthly reviews of the top 20 items across divisions, with deeper quarterly analysis of the top 5.
  4. Collaborate with division managers to ensure accuracy and consistency in inventory tracking and reporting.


ERP Implementation Support:

  1. Act as a key contributor in the transition to the Dynamics 365 ERP system, with a focus on the inventory module.
  2. Work closely with the D365 team to implement real-time tracking of inventory, streamlining current manual processes.
  3. Assist in defining and setting up material items, pricing, and tracking methods within the new ERP system.


Cost Management & Optimization:

  1. Monitor and manage inventory costs, ensuring optimal stock levels while controlling expenses.
  2. Identify and address any discrepancies or unusual spikes in inventory usage, coordinating with division managers for resolution.
  3. Provide recommendations for improving the current inventory process, with a focus on efficiency and accuracy.


Reporting & Forecasting:

  1. Create and maintain detailed inventory reports, providing visibility into stock levels, usage patterns, and cost trends.
  2. Assist with developing monthly KPIs and metrics for division reporting.
  3. Support quarter-end inventory analysis and provide insights to senior management on any discrepancies or issues.


Cross-Department Collaboration:

  1. Collaborate with warehouse managers, division managers, and purchasing teams to ensure accurate physical counts and proper handling of inventory.
  2. Assist in the development of streamlined processes between purchasing and AP to enhance inventory control.
  3. Ensure compliance with company policies and industry regulations regarding inventory management.


Qualifications:

  1. 3-5 years of experience in inventory management, supply chain, or a related analytical role.
  2. Bachelor’s degree in supply chain management, business, or a related field preferred.
  3. Experience in construction, particularly in electrical, plumbing, or HVAC industries preferred, but not required
  4. Strong analytical skills with the ability to work with large data sets and provide actionable insights.
  5. Familiarity with inventory management systems and ERP platforms, with experience in Dynamics 365 being a plus.
  6. Excellent communication and collaboration skills, with the ability to work effectively across departments.
  7. Ability to travel up to 10-20% to various divisions for inventory audits and process evaluations.

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