Inventory Cost Analyst

Job Title

Operations Analyst

12 Months Contract (Possibility of Extension)

Rosemont, IL, USA (Hybrid)

$56 per hour. on W2 without benefits/holidays/vacation

Tuesday to Saturday | 9am to 7pm

The Inventory Cost Analyst will play a critical role in managing and analyzing inventory costs, ensuring accurate financial reporting, and supporting decision‑making processes within our retail operations. Your primary responsibilities will include overseeing inventory costing processes, conducting regular analyses of inventory transactions, preparing financial reports, and collaborating with cross‑functional teams to optimize inventory control procedures.

• Manage and oversee inventory costing processes, including standard costing and inventory valuation.
• Conduct regular analyses of inventory transactions and adjustments to ensure accuracy and adherence to accounting standards.
• Collaborate with cross‑functional teams to coordinate, reconcile, and investigate physical inventory counts and variances with financial records.
• Prepare and analyze inventory‑related financial reports, including variance analysis and trend analysis.
• Monitor and report on inventory levels, aging, and slow‑moving items to support inventory management decisions.
• Assist in the month‑end and year‑end close processes related to inventory, including preparing journal entries and reconciliations.
• Develop and maintain inventory cost models and ensure consistency across all inventory‑related activities.
• Implement and improve inventory control procedures to enhance accuracy and efficiency in inventory management.
• Provide insights and recommendations to management on cost‑saving opportunities and inventory management strategies.
• Ensure compliance with accounting policies, procedures, and internal controls related to inventory.
• Reconcile and approve cost and quantity variances at PO (Purchase Order) and invoice level.

• 3+ years of proven experience as an Inventory Cost Accountant, Inventory Analyst, or similar role within the retail industry.
• Strong understanding of inventory costing methods and inventory management principles.
• Proficiency in ERP systems, advanced Excel skills (VLOOKUP, pivot tables), and experience with inventory management software.
• Excellent analytical skills with the ability to interpret complex data and identify trends.
• Knowledge of retail operations and familiarity with retail industry trends is preferred.

• Bachelor's degree in Accounting, Finance, or related Field/CPA preferred.
• Microsoft Dynamics 365 experience is a huge plus. Work schedule adjustments may be required based on project needs.