Manager Inventory Accounting

3 days ago

Wilmington, United States KBW Financial Staffing & Recruiting Full time
The Manager, Inventory Accounting, plays a critical role in leading global inventory accounting, ensuring compliance with accounting policies, and collaborating with cross-functional teams to optimize processes. This position oversees inventory controls, financial reporting, and strategic initiatives to enhance efficiency and accuracy.

Key Responsibilities

  • Leadership & Governance:
    • Lead the Inventory Center of Excellence, reporting to the Global Inventory Controller.
    • Oversee inventory governance, internal controls, and compliance with policies and procedures.
    • Standardize and harmonize inventory accounting practices globally.
  • Financial Reporting & Analysis:
    • Manage monthly and quarterly close processes, including inventory valuation, reserves, and adjustments.
    • Reconcile inventory-related balance sheet and income statement accounts.
    • Validate cost of goods sold and review inter-company profit eliminations.
    • Conduct trend analysis and variance reviews to identify improvement opportunities.
  • Inventory Management:
    • Coordinate and oversee cycle counts and physical inventory reviews with business units.
    • Investigate and resolve inventory count variances.
  • Collaboration & Strategic Planning:
    • Work with FP&A to forecast inventory balances and related financial metrics.
    • Partner with procurement, operations, and legal teams to address new or complex transactions.
    • Support inventory-related activities for mergers and acquisitions, including due diligence and ERP integration.
  • Reporting & Stakeholder Engagement:
    • Create and standardize inventory reports, KPIs, and dashboards for management.
    • Hold regular meetings with finance, operations, and procurement teams to discuss inventory performance.
  • Compliance & Auditing:
    • Coordinate with internal and external auditors on compliance and audit requirements.
  • Team Leadership & Development:
    • Manage and develop team members, including hiring, training, performance reviews, and succession planning.
    • Establish and oversee departmental training programs.
  • Budgeting & Operational Planning:
    • Develop and manage the departmental budget and authorize expenditures.
    • Plan and implement short- and long-term strategic objectives.
  • Regulatory Compliance:
    • Ensure adherence to company policies, safety procedures, and regulatory requirements.
Qualifications

  • Bachelors degree in business, management or related field
  • CPA or Master's degree preferred
  • 8+ years of experience in accounting or finance specifically with inventory and material costing
  • Proven leadership experience

For immediate consideration, please submit a copy of your resume to Chris Grassi at cgrassi@kbwfinancial.com

*MONKBW*

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