Inventory Accounting Manager

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Inventory Accounting Manager

Leesburg, VA

Bell & Associates has been engaged to help our client recruit their next Inventory Accounting Manager. The Inventory Manager is responsible for leading the development, implementation, and maintenance of inventory management processes and systems to ensure accuracy, efficiency, and compliance with US GAAP and internal policies. This position supports the organization's operational and financial objectives by providing strategic inventory planning, analysis, and insights to drive business decisions.

The role requires strong leadership, collaboration, and communication skills to work effectively with cross-functional teams, including operations, supply chain, and finance, as well as an in-depth understanding of inventory management principles and practices in a regulated medical device manufacturing environment.

Responsibilities

• Develop and implement inventory management strategies to optimize inventory levels, reduce costs, and improve efficiency across the organization, including assisting with standard costing.
• Oversee monthly inventory accounting close activities, including journal entries, reconciliations, and reporting of inventory and COGS, to ensure accuracy and compliance with US GAAP and internal policies
• Analyze and interpret complex inventory data to identify trends, variances, and areas for improvement, and develop recommendations to drive business decisions
• Lead cross-functional teams to monitor and improve inventory movement across manufacturing sites, third-party warehouses, 3PLs, and field locations, ensuring seamless inventory flow and minimizing discrepancies
• Manage and maintain the inventory sub-ledger to general ledger reconciliation process, investigating and resolving discrepancies in a timely and effective manner
• Collaborate with operations, supply chain, and finance teams to ensure accurate product costing, inventory valuation, and standard cost updates, and to identify opportunities for process improvements
• Develop and implement inventory-related reports and analytics to support management and FP&A teams in making informed business decisions
• Oversee the annual physical inventory and cycle count processes, ensuring compliance with internal controls, regulatory standards, and internal control requirements
• Work with external auditors during quarterly and year-end audits, preparing schedules and responding to audit requests in a timely and professional manner
• Identify, recommend, and implement process improvements to enhance accuracy, efficiency, and compliance, and to drive continuous improvement in inventory management practices
• Ensure compliance with applicable FDA or ISO standards, and maintain a thorough understanding of regulatory requirements and industry best practices
• Lead and develop a team of inventory professionals, providing guidance, coaching, and training to ensure the team has the necessary skills and expertise to perform their duties effectively

Requirements

• Bachelor's degree in Accounting, Finance, or related field required, Master's degree preferred
• CPA certification preferred, with experience in inventory accounting
• Advanced Excel skills, with experience in data analysis and financial modeling
• Experience with ERP systems (JDE preferred) and inventory management software
• Training or knowledge of inventory/cost accounting in a regulated manufacturing environment
• Strong understanding of inventory management principles, practices, and technologies, with ability to lead and implement process improvements
• 5-8+ years of progressive accounting experience, with at least 3 years focused on inventory or cost accounting, and 2+ years in a leadership or management role
• Experience in the medical device, pharmaceutical, or…