What are the responsibilities and job description for the Inventory Accounting Analyst position at 1100 Applied Industrial Technologies, Inc.?
The Inventory Accounting Analyst role is to support inventory accounting responsibilities on a consolidated basis. This role will work closely with the US Service Centers, Distribution Centers, US Subsidiary’s and Canadian field associates to ensure accurate inventory valuation and timely reporting for all inventory accounting related activity. This position reports to the Inventory Accounting Manager.
Key responsibilities:
- Maintain an understanding of company’s inventory costing methodology (primarily moving average cost) and how it affects inventory valuation.
- Work with field associates to resolve costing discrepancies, reconcile adjustments to accounts, and obtain necessary documentation.
- Prepare the Corporate excess and obsolete (E&O) calculation and reconciliation; review calculations of subsidiary locations to ensure accuracy.
- Prepare corporate LIFO computations, reviewing subsidiary LIFO processes and results, and perform corporate reconciliation.
- Create new and enhance existing inventory job aids and tools related to the inventory costing process (process flows, narratives, Job Aids, etc.) for accurate training for field and corporate personnel.
- Prepare inventory Balance Sheet reconciliations.
- Provide audit support as needed through regular interaction with internal and external auditors.
- Responsible for assisting with various internal and external reporting requirements as needed.
Position Requirements:
- Bachelors’ degree in Accounting or Finance
- 1-2 years of Accounting experience (preferably Cost and/or General Accounting)
- Proficiency in Microsoft Office, and a working knowledge of financial systems, statements and reports
- Excellent communication and relationship building skills with the ability to work proactively with teams including a high attention to detail and the ability to prioritize and balance work in a deadline-driven environment.
Preferred:
- Experience with SAP, BPC, Blackline
- Knowledge of internal control procedures and the ability to design and maintain related internal controls
Founded in 1923, Applied Industrial Technologies (NYSE: AIT) is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO and OEM end users in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, gender, sexual orientation, gender identity, age, disability, protected veteran status, marital status, medical condition or any other characteristic protected by law.
