What are the responsibilities and job description for the Manager Inventory Accounting (Cost Accounting) position at KBW Financial Staffing & Recruiting?
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
For immediate consideration, please submit a copy of your resume to Chris Grassi at cgrassi@kbwfinancial.com
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