Inventory Accounting Director

Inventory Accounting Director

Job Location: RFI Headquarters Stuttgart, AR.

Reports To: CFO

Direct Reports:0

Indirect Reports: 0

RICELAND

FAMILY FARMER OWNED

Riceland Overview

Riceland Foods and its family farmers have provided the world with wholesome, nutritious rice since 1921. Grown in the United States, our rice is known for its high quality and versatility, and that's why Riceland has become a trusted brand around the globe. Riceland is a cooperative, which means we are owned by our 5,500 family farmer members who are also our stockholders and growers.

Company Mission Statement

Riceland, a farmer owned cooperative, helps farmers feed the world, sustainably.

Job Description

Riceland Foods is hiring a Inventory Accounting Director. The Inventory Accounting Director will Oversee aspects of inventory management and controls throughout the entire storage and manufacturing process. Drive strategies for inventory management through modeling, analysis, reporting, and corrective actions including development of new process and mitigating controls. Analyze and investigate inventory variances, submitting resolutions to management.

Ensure or develop strong processes on inventory controls and valuation. Accountable for internal reporting to management on inventory position, valuation risks and business insights. Commitment to excellence and integrity by performing all tasks with the utmost accuracy and efficiency, also demonstrating a strong work ethic.

Job Duties

• Monitor inventory transactions, update general ledger as required, gather, and analyze data, perform inventory audits and assessments, and produce regular inventory reports.
• Develop or enhance all inventory process controls. Write or improve process documentation with current synopsis.
• Research complex transaction histories to reconcile inventory discrepancies or inconsistencies. Prepare adjusting ledger or inventory entries as required according to proper policies and regulations.
• Oversee custody and safekeeping of inventory. Participate in cycle counts and full count inventories, coordinating all physical inventory activities. Ensure all inventory counts procedures are in compliance with all relevant internal control systems.
• Provide accounting support to multiple company locations.
• Participate in all month-end closes in support of the accounting team.
• Utilize computer systems and software to process or obtain accounting data.
• Submit routine inventory control related reports. Support periodic and ad hoc reporting requests including external audit support, month/year-end close reporting, and forecast to actual analysis. Assist in special projects, lead inventory problem-solving opportunities.
• Respond to enquiries regarding inventories with a sense of urgency. Collaborate with operations, accounting, and finance to implement and foster a strong inventory control environment. Critical-thinking skills to establish action plans and routinely assess their effectiveness, along with problem-solving skills to anticipate problems to be decided with an appropriate outcome.

Education Requirements

• Associate’s degree in accounting, Audit, Finance or Business Administration; and at least 5 years related experience in manufacturing accounting and significant inventory accounting work history.

Other Requirements

This position requires a significant amount of travel and “in the field” work. Must have a solid understanding of agriculture commodity quality and physical characteristics including degradation impact on inventory valuation. Expert knowledge of accounting and GAAP procedures with cost accounting in an agriculture storage and handling environment of multiple locations, including intercompany accounting skills. Must be well organized, accurate, with impressive analytical and record-keeping abilities, and able to articulate business information; meet deadlines and prioritize tasks; work efficiently with minimal supervision.

Company Benefits and Incentives

• Medical insurance with low premiums
• Free dental with medical insurance enrollment
• Vision insurance with low premiums
• Free basic life insurance, up to 3x basic annual earnings
• Voluntary term life (rates depends on the age and salary of the employee)
• Long term disability
• Free short-term disability
• Accident insurance, for unexpected healthcare expenses due to accidents
• Critical illness insurance
• Employee assistance program
• 401K with company match 4% of an employee’s 5%
• Paid training programs.

PTO & Paid Holidays

Riceland Foods is an Equal Opportunity Employer

Riceland Foods provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.