Advanced Inventory Accounting Specialist

Job Summary

Under limited supervision, provides inventory accounting services to various DENSO locations across North America. Acts as a liaison to resolve outstanding issues. May lead projects or project steps within a broader project or have accountability for ongoing activities or objectives.

• Computes cost value of raw materials, work in process and finished goods for inventory purposes.
• Analyzes actual costs versus standard costs and prepares reports of variances.
• Compiles cost data for preparation of operating budgets.
• Prepares estimates of new or proposed product costs.
• Prepares lower of cost or market calculation, landed cost calculation, margin analysis and other requested calculations.
• Maintains ledgers and financial statements.
• Prepares financial reporting for inventory area, as needed.
• Monitors inventory adjustments.
• Responsible for all inventory/cost related journal entries for month end close.
• Responsible for reconciling all inventory/cost related GL accounts in a timely manner.
• Analyzes PPV (purchase price variance) and IPV (invoice price variance) each month to ensure accuracy of standard costs and PO pricing.
• Works with other departments to improve physical inventory taking, with support from higher level.
• May lead projects or project steps within a broader project or have accountability for ongoing activities or objectives.
• Performs other duties as assigned.

• Bachelor's degree in Accounting, Finance or related field
• 5-8 years of relevant experience with at least 2-5 years of that experience in inventory/cost accounting
• Knowledge of GAAP/IFRS is required, along with an understanding of current accounting operational structure (financial close, gross profit, J SOX, etc.)

• Strong written and verbal communication skills to discuss or transmit primarily factual information to internal and external customers in the normal course of performing duties
• Strong analytical skills to investigate, interpret and reconcile information from several distinct sources in situations where conclusions or resolutions are discernible
• Customer service skills to display a service-oriented attitude in addressing and responding to customer issues
• Advanced understanding of accounting principles
• Cross functional team member
• Advanced process improvement (kaizen) mindset

• Medical, Dental, Vision, Prescription Drug plans
• 401K with 4% Company Match
• Vacation/PTO and 13 paid Holidays
• Bonus Program
• FSA/HSA and Dependent Care Programs
• Company provided Life, Disability, ADD and Business Travel Insurance
• Various No Cost Wellness & Chronic Condition Management Programs
• Various Optional Insurance programs such as legal, identity theft, critical illness, etc.
• Tuition Reimbursement
• Career Development and Ongoing Training
• Employee Assistance Program
• Employee Spotlight and Recognition Program
• Volunteer Opportunities
• Onsite Fitness Center (vary by location)
• Cafeteria and food markets (vary by location)
• Onsite Health Clinic and Pharmacy (vary by location)

Annual Salary: $93,000 – $116,000