The Inventory Cost Accounting Supervisor oversees the accuracy of inventory records and accounting-inventory reporting, cycle counting, requisitioning material, and inventory adjustments.
ESSENTIAL JOB RESPONSIBILITIES
- Ensure proper physical inventory or A-B-C cycle counts are performed at all domestic and select international locations.
- Review transaction history to investigate cycle count variances and resolve any issues.
- Reconcile book and perpetual inventories for all companies/divisions.
- Prepare timely reports of forecasted and actual variances (actual versus budget) relating to inventory levels and adjustments.
- Assess and review manufacturing variances in the bills of materials for items that show recurring inventory discrepancies, identify root causes and trends, provide recommendations for correction, and relay this information to the appropriate parties through verbal and written communication.
- Perform all month end duties surrounding inventory, timely and accurately, in order to ensure accurate financial and management reporting.
- Perform analysis of excess and obsolete inventories as well as contribute to the inventory liquidation process.
- Assist with calculation of the annual LIFO reserve.
- Compile and analyze information used to develop components of item standard costs; may assist in coordinating the information compiled and analyzed by others in order to meet critical deadlines.
- Assist in the preparation of the annual budgets for manufacturing plants and support departments; provide analytical support and documentation as needed to help facilitate the budgeting process both before after budgets are established.
- Prepare inventory-related audit schedules and actively support the annual financial statement audit through timely responses to auditor inquiries and delivery of supporting documentation.
- Assist the Senior Cost Accounting Manager with duties as assigned.
SUPERVISORY RESPONSIBILITIES/DIRECT REPORTS
Supervise Inventory Specialists at various locations within the Company.
TRAVEL
Travel to other manufacturing facilities (25%)
QUALIFICATIONS
- 5+ years of experience in inventory management with supervisory responsibility.
- Bachelors degree with a major in accounting or equivalent related experience. Prefer Bachelor's degree with a major in accounting and a CPA or CMA certification.
- A strong self-starting individual with tenacity, a sense of purpose, and a resourceful and collaborative attitude.
- A consistent pattern of seeking out and successfully completing projects, digging to determine root causes and finding solutions, and serving as a collaborative business partner with other functional areas.
- Very strong analytical and problem-solving skills and a broad technical background.
- Very good oral and written communication skills for dealing with all levels within the organization.
- Ability to perform advanced excel functions such as pivot tables, filters, sorting, complex formulas, and graphs.
- Experience in JDE or other ERP systems and the ability to create ad hoc financial reports using a database report writing tool are preferred.
- Ability to supervise and provide direction to direct reports.
- The position requires a resourceful attitude, attention to details, and strong analytical skills.
VOLLRATHS CORE VALUES
Treat All People with Respect: Our intention is to recognize the diverse experiences, styles, and backgrounds of others, treating everyone with dignity. We aim to foster an inclusive culture where all team members can be their authentic selves and feel safe in voicing their perspectives.
Take Ownership: Our intention is to match our actions with our words, building trust with others. We are united in taking responsibility for the success of Vollrath as a whole.
Life Beyond Work: Our intention is to care for the well-being of every individual we engage with, understanding them as a whole person. We strive to keep people mentally and physically safe, sending each person home in a condition to build a fulfilling life beyond work. We encourage balance, allowing our colleagues to pursue their passions.
Empower Action: Our intention is to create a workplace where every member can thrive in their growth and contributions with excitement, confidence, and psychological safety. We support each team member with resources and tools to strengthen collaboration and performance.
Commitment to Those Who Count on Us: Our intention is to drive innovation and practical solutions through understanding the needs of our coworkers, customers, owners, and communities. We are dedicated to proactively addressing those needs and delivering results.