Inventory Accountant

SUMMARY OF FUNCTIONS:

The Inventory Accountant is responsible for managing and overseeing inventory accounting and control, including shipping and receiving, customer service, Bill of Materials (BOM) maintenance, and cycle counts. The role involves working closely with Admin, R&D, Quality, and production teams, as well as maintaining accuracy within the Expandable ERP system. This position ensures that all inventory-related transactions are properly recorded and reconciled to support accurate financial reporting.

MAJOR DUTIES AND RESPONSIBILITIES:

Inventory Accounting:

• Maintain accurate records of all inventory transactions, ensuring they are properly reflected in the financial statements.
• Conduct regular inventory reconciliations, investigating and resolving discrepancies between physical and recorded inventory.
• Track and report on inventory metrics, including turnover ratios, obsolescence, and shrinkage. 

Shipping and Receiving:

• Receiving and inspection of all incoming shipments to ensure accurate records and documentation.
• Verify accuracy of outbound shipments against customer orders and shipping documents.
• Ensure timely and accurate posting of transactions in the Expandable ERP system.

Bill of Materials (BOM) Maintenance:

• Maintain and update BOMs within the Expandable ERP system.
• Work with production and engineering teams to ensure BOMs accurately reflect current manufacturing processes and materials usage.

Cycle Counts and Inventory Control:

• Implement and manage a regular cycle count program to ensure accuracy of physical inventory levels.
• Investigate and resolve inventory variances, identifying root causes and implementing corrective actions.
• Collaborate with warehouse staff to maintain proper stock levels and optimize warehouse organization. 
  
  

Customer Service Support:

• Respond to customer inquiries related to order status, shipping, and product availability.
• Assist in resolving issues related to inventory shortages, delays, or inaccuracies in shipments.

ORGANIZATIONAL RELATIONSHIPS:

• Reports to: Division Controller.
• Collaborates with: Purchasing, Quality, R&D, and Production teams, and finance teams.

EXPERIENCE AND/OR EDUCATIONAL REQUIREMENTS:

• Associate’s degree in accounting, finance, or related field (preferred).
• 2-4 years of experience in inventory accounting, preferably in a manufacturing or distribution environment.
• Proficiency in Expandable ERP or similar enterprise resource planning systems.
• Strong understanding of inventory management principles, cycle counts, and BOM maintenance.
• Excellent analytical and problem-solving skills with strong attention to detail.
• Effective communication skills, both written and verbal, with the ability to collaborate across departments.
• Proficiency or working knowledge of Microsoft Office Suite and Google Workspace is preferred.
• Ability to operate forklift, pallet jack is helpful, safety training is offered.

WORK ENVIRONMENT/PHYSICAL DEMANDS:

• Primary work environment is within the warehouse and shipping office.
• Ability to work in a warehouse environment that may include exposure to varying temperatures, noise, and occasional physical demands such as lifting and moving inventory items.

This job description outlines the key responsibilities and qualifications required for the Inventory Accountant role. The candidate must demonstrate a strong understanding of inventory control and financial reporting to ensure efficient and accurate inventory management within the organization.

About United Science:

extraktLAB is ... Sustainable Supercritical CO2 (SFE, SFC) extraction equipment , chromatography skids and equipment, wiped film distillation, falling film distillation, drying, sterilization, nano particle formation, ethanol extraction, grinding, bioconversions, vapor deposition, and remediation are demonstrated at our NQA ISO 9001, cGMP (21 CFR Part 111, 117), USDA organic certified demonstration center. We manufacture euGMP, cGMP compliant equipment for pharma, food and beverage, and natural ingredients companies. Our manufacturing software enables traceability and in process IoT for streamlined quality checkpoints, batch records, and quality assurance. We also provide key services including facility design and layout Our product line includes: • E-series Supercritical CO2 Extractors • Pure99 Preparative Chromatography Systems • Turnkey Facilities and Manufacturing Solutions • fracTron Solvent Recovery Evaporators and Fractional Distillation • DrainDroyd Filtration and Crystallization Systems • clearStill Wiped Film Evaporators • shuckNbuck Bucking Machine Our company delivers the best-in-class full production solutions for CBD oil and cannabis oil production. We believe that great science and engineering enable great business processes. We measure our success by our customer’s ability to: • Reduce time-to-market speed & cost • Increase production throughput • Standardize product quality Through our consulting services we help both experienced and novice producers create manufacturing facilities that meet or exceed ISO and GLP/GMP equivalent standards. We know that our products and services are responsible for creating goods ultimately used by patients and consumers. Using our supercritical CO2 extraction, separation products, and validated methods, producers can reliably create 99% botanical products, free of pesticides, herbicides, and other chemicals. We want everyone who uses the products manufactured by our technology to have a great experience.

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