What are the responsibilities and job description for the Inventory Accountant position at Lane Enterprises, LLC?
Description
Lane Enterprises is excited to welcome a Inside Sales Representative 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.
The Inventory Accountant will be responsible for managing and reconciling inventory, maintaining accurate inventory records, and ensuring that standard costing methods are correctly 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:
- Maintain accurate inventory records and perform regular reconciliation of physical inventory to the general ledger.
- Analyze and maintain standard costs for raw materials, WIP (Work-in-Process), and finished goods.
- 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.
- Evaluate and improve internal controls and inventory accounting procedures.
- Provide support during internal and external audits related to inventory.
Required Skills and Abilities:
- Strong knowledge and application of standard costing methodologies.
- Proficiency in inventory accounting principles, including reconciliations, adjustments, and variance analysis.
- Experience utilizing ERP systems
- Knowledge of GAAP and inventory accounting principles.
- Strong Excel skills (pivot tables, VLOOKUPs, data analysis).
- Excellent analytical, organizational, and communication skills.
- Ability to work independently and collaborate across departments.
Education and Experience:
- Bachelor’s degree in Accounting, Finance, or related field.
- 5 years of accounting experience with a strong emphasis on standard costing and inventory accounting.
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.
