Lane Enterprises is excited to welcome a Senior Inventory Accountant/Costing Analyst to their team! From generous benefits, including bonus opportunities and an Employee Stock Ownership Plan (ESOP), to great employee retention, this is a fantastic opportunity to join a thriving organization!
Benefits: Lane offers a generous benefits package to include Medical, Dental, Vision, 401k, Paid Time Off, Paid Holidays, Company paid Life Insurance, Voluntary Life Insurance, ESOP opportunity and a generous bonus incentive plan.
In this cost accounting role, the Sr. Inventory Accountant/Costing Analyst is responsible for analysis of: manufacturing and production costing, inventory consumption, variances and scrap/waste for all business locations. Additional responsibilities include reconciling inventory, maintaining accurate inventory records, and ensuring that Standard and FIFO costing methods are correctly developed, applied and maintained. This role plays a key part in driving operational efficiency, cost control, and inventory accuracy throughout our manufacturing and distribution processes.
Essential Responsibilities:
- Track inventory levels accurately, analyze for risk and monitor areas of improvement with support from internal stakeholders.
- Plan, study, and collect data to determine costs of production, including raw materials, labor and overhead burden, as well as purchased parts, under the full absorption cost method of accounting.
- Maintain and update standard costs and work closely with manufacturing personnel to resolve variances and adjust Bills of Materials (BOMs) within the company's ERP systems.
- Prepare, analyze and report monthly gross margin analysis by product and customer that support pricing decisions to ensure profitability.
- Analyze changes in production processes, raw materials, product design and any business activities that impact inventoried costs.
- Maintain part number accuracy and enter new parts into ERP system(s).
- Maintain accurate inventory records and perform regular reconciliation of physical inventory to the general ledger.
- Develop procedures and valuations for transfer pricing between locations.
- Investigate and explain inventory variances; recommend and implement corrective actions as needed.
- Monitor inventory transactions, including receipts, transfers, adjustments, and production usage.
- Support physical inventory counts and cycle counting processes; assist in variance analysis.
- Prepare monthly inventory reports and provide insights on inventory trends and performance.
- Collaborate with Operations, Procurement, and Production teams to ensure accuracy in inventory levels and costing.
- Assist in month-end and year-end close processes related to inventory and preparing supplemental reports, as needed.
- Evaluate and improve internal controls and inventory accounting procedures.
- Provide support during internal and external audits related to inventory.
- Other related duties and special projects as assigned.
- Solid understanding and application of manufacturing operations, inventory and standard cost accounting methodologies.
- Proficiency in inventory accounting principles, including reconciliations, adjustments, and variance analysis.
- Significant hands-on experience utilizing integrated manufacturing ERP systems
- Knowledge of U.S. GAAP as related to manufacturing environments and inventory accounting principles.
- Strong excel skills (pivot tables, VLOOKUPs, data analysis) and experience manipulating large data sets.
- Excellent analytical, organizational, communication, and problem-solving skills.
- Must be able to analyze data, draw conclusions, interpret results, and make recommendations.
- Be a motivated self-starter with the ability to work independently and collaborate across management levels, locations and departments.
- Must be able to travel regularly to plant locations across the U.S. and adhere to all safety protocols, including those related to the manufacturing operations and any hazardous materials.
Education and Experience:
- Bachelor's degree in Accounting, Finance, or related field.
- 5+ years primarily in inventory cost accounting and inventory management experience in a multi-site manufacturing environment.
- In-depth understanding of Standard and FIFO inventory costing.
Physical Requirements:
- Sedentary work that primarily involves sitting/standing in a stationary position, for prolonged periods.
- Repeating motions that may include the wrists, hands and/or fingers.
- Must have clear vision to view documents and read computer screen.
- Must be able to hear.
Lane Enterprises is an Equal Opportunity Employer, drug free workplace, and complies with ADA regulations as applicable.
This job description in no way states or implies that these are the only duties to be performed by the employee/incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. All duties and responsibilities are essential functions and are subject to possible modification to reasonably accommodate individuals with disabilities. This document does not create an employment contract, implied or otherwise, other than an "at will" relationship.
Compensation details: 0 Yearly Salary
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