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Inventory Accountant
Career Insights for Accountant (General)
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Scorecard
Based on Utah data
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What they do
An Accountant organizes and maintains financial records and prepares financial statements for companies and organizations. Works as a public accountant (prepares financial documents where public disclosure is required by law, such as business balance sheets and tax returns), management accountant (prepares financial information for internal use by a company) or government accountant (maintains records for government agencies).
$78,298 / year median in Utah
+10% projected growth
Job Description
- 4.
Location & Schedule:
Woods Cross, UT Full-Time Monday-Friday Position Summary We are seeking a detail-oriented and analytical Inventory Accountant to oversee the accounting, controls, and financial reporting associated with our inventory. This position will be responsible for maintaining accurate inventory records, completing general ledger reconciliations, supporting inventory audits, analyzing short-term inventory financing, and preparing cash projections related to inventory purchases and sold inventory. The ideal candidate will have a strong accounting foundation, excellent analytical skills, and the ability to work effectively with large amounts of inventory and financial data.Key Responsibilities:
Maintain accounting control over inventory activity, balances, and related transactions. Reconcile inventory-related general ledger accounts and investigate discrepancies. Develop and maintain inventory audit procedures and internal controls. Monitor purchased, held, and sold inventory to ensure transactions are recorded accurately and timely. Analyze short-term inventory financing balances, utilization, interest expense, and availability. Prepare cash-flow projections for anticipated inventory purchases, financing activity, and sold inventory. Identify aging inventory, unusual balances, missing transactions, and financial risks. Partner with operations, purchasing, sales, treasury, and accounting teams to resolve inventory issues. Assist with month-end close, financial reporting, audits, and management reporting. Develop reports and analytics that improve visibility into inventory performance and cash requirements. Recommend improvements to inventory accounting processes, controls, and reporting.Required Qualifications:
Bachelor's degree in Accounting or a related field preferred. Two or more years of accounting, inventory, audit, financial analysis, or related experience preferred. Strong understanding of general ledger accounting and account reconciliations. Strong analytical and problem-solving abilities. Advanced proficiency in Microsoft Excel. Ability to work with large datasets and identify discrepancies or unusual trends. Strong attention to detail and ability to meet month-end deadlines. Effective written and verbal communication skills.Ideal Qualifications:
Experience with inventory-intensive businesses, automotive retail, equipment, manufacturing, distribution, or similar industries. Experience analyzing short-term inventory financing or asset-based lending. Experience preparing cash forecasts or working-capital analyses. Familiarity with SQL, Power BI, or other reporting and data-analysis tools. Knowledge of inventory internal controls and audit procedures.What Success Looks Like:
Inventory and related general ledger balances are accurate and reconciled. Inventory discrepancies are identified and resolved promptly. Management has reliable projections for inventory purchasing and cash requirements. Short-term inventory financing is accurately monitored and analyzed. Inventory accounting processes and internal controls continually improve.Employment Requirements:
Valid driver's license with acceptable driving record Ability to pass a background check Authorized to work in the United States Requirement of Multi-Factor Authentication apps on cell phoneBenefits:
Comprehensive Benefits :
Medical, Dental, and Vision coverage, HSA match, TelaDoc, Pharmacy Discount Programs, and Employer paidLife Insurance Employee Assistance Program :
Free of charge for personal uses such as support and general resourcesAdditional Perks :
Pet Insurance, Gym Discounts, and anEmployee Vehicle Purchase Program, Volunteer PTO Program Retirement Savings :
Employer matching contributionsPaid Time Off :
Among the best PTO policies in the industryPaid Holidays:
7 major holidaysPhysical Requirements:
Sedentary work that primarily involves sitting/standing for 6- 8 hours Visual acuity to read and type for 6
- 8 hours Simple grasping and fine manipulation to sort through papers for 6
- 8 hours