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Inventory Cost Accountant

EDI Staffing

Williamsport, PA

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JOB DETAILS
SKILLS
Accounting, Accounting Close, Analysis Skills, Communication Skills, Cost Accounting, Cost Analysis, Data Quality, Detail Oriented, Documentation, ERP (Enterprise Resource Planning), External Audit, FIFO, Finance, Financial Reporting, General Ledger Accounting, Internal Audit, Inventory Costing, Inventory Costs, Inventory Cycle Counts, Inventory Management, Inventory Transactions, Journal Entries, Physical Inventory, Problem Solving Skills, Purchasing/Procurement, Reconciliation, SAP ECC (fka SAP R/3 and SAP ERP), Standard Costing, Supply Chain Operations, Team Player, Time Management
LOCATION
Williamsport, PA
POSTED
30+ days ago
Role Overview
The Inventory Cost Accountant is responsible for managing and analyzing inventory costs, supporting accurate financial reporting, and participating in the month-end close process. This role ensures the integrity of inventory valuation, monitors cost variances, and partners with operations and supply chain teams to improve cost efficiency and internal controls.

Responsibilities:
  • Participate in month-end close activities, including preparation of journal entries, account reconciliations, and inventory-related accruals
  • Monitor and investigate inventory variances (purchase price variance, scrap, and obsolescence)
  • Reconcile inventory subledger to general ledger and resolve discrepancies in a timely manner
  • Support physical inventory counts and cycle counts; analyze results and ensure proper adjustments are recorded
  • Review and maintain inventory reserves (excess and obsolete inventory)
  • Collaborate with operations, procurement, and production teams to ensure accurate cost data and inventory transactions
  • Assist in the development and documentation of internal controls related to inventory and costing processes
  • Support audit requests (internal and external) by providing documentation and explanations
  • Prepare and analyze reports related to inventory valuation, cost of goods sold, and gross margin

Requirements
  • Bachelor's degree in Accounting, Finance, or related field
  • 4+ years of accounting experience, preferably in inventory or cost accounting
  • Strong understanding of inventory accounting principles and cost accounting methodologies (standard costing, FIFO, etc.)
  • Experience with SAP ERP systems and advanced Excel skills
  • Strong analytical and problem-solving skills with attention to detail
  • Ability to work independently and meet deadlines in a fast-paced environment
  • Effective communication skills and ability to collaborate across departments

About the Company

E

EDI Staffing

At EDI Staffing, we strive to provide the best staffing solutions for each of our business disciplines, in honest, resourceful, and creative techniques. Our mission is to connect talented people with great organizations across all industries, while maintaining our company values: accountability, innovation, integrity, teamwork and work ethic. Our commitment to our values becomes tangible in our daily customer interactions and lifetime customer relationships.

COMPANY SIZE
100 to 499 employees
INDUSTRY
Staffing/Employment Agencies
FOUNDED
1994
WEBSITE
https://www.edistaffing.com/

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