Senior Accountant

Description

The Senior Accountant, Supply Chain Accounting serves as key support to Supply Chain, Operations, Logistics, and Procurement — providing financial oversight of inventory valuation, purchase price variances, freight costs, inventory reserves, and excess and obsolete inventory management. This role is responsible for executing critical month-end close activities, completing balance sheet reconciliations, and driving continuous improvement across U.S. and Canadian operations. The ideal candidate is a self-starter who thrives in a fast-paced environment, communicates effectively across functions, and brings a continuous improvement mindset to everything they touch.

The Senior Accountant, Supply Chain Accounting serves as key support to Supply Chain, Operations, Logistics, and Procurement — providing financial oversight of inventory valuation, purchase price variances, freight costs, inventory reserves, and excess and obsolete inventory management. This role is responsible for executing critical month-end close activities, completing balance sheet reconciliations, and driving continuous improvement across U.S. and Canadian operations. The ideal candidate is a self-starter who thrives in a fast-paced environment, communicates effectively across functions, and brings a continuous improvement mindset to everything they touch.

Department: Accounting & Finance

Location: Oak Brook, IL

Compensation: $70,000 - $83,000 / year

• Execute assigned month-end close responsibilities in accordance with established corporate close timelines.
• Prepare, review, and post journal entries with complete and accurate supporting documentation.
• Complete monthly balance sheet reconciliations for U.S. and Canadian entities, investigating and resolving open items timely.
• Partner with Procurement and Supply Chain teams to validate vendor rebate agreements, monitor rebate performance, and ensure accurate accounting and reporting of rebate accruals and earnings.
• Assist with annual external audits and borrowing base requests, including preparing schedules and responding to inquiries.

• Analyze in-transit inventory balances — domestic, imported, and manufactured — and investigate and resolve uncleared or stale items.
• Monitor cost variances and investigate uncleared balances by location and product code.
• Support standard cost maintenance and updates in the ERP, including participation in the annual cost roll process.
• Perform monthly review of inventory reserves, including excess, slow-moving, and obsolete inventory; identify trends, communicate findings and recommendations to leadership.
• Analyze and monitor Purchase Material Reserve (PMR) and Purchase Price Variance (PPV) activity; investigate significant fluctuations, identify root causes, and communicate findings.
• Investigate and correct accounting rule errors and mispostings in the ERP; partner with IT and operations to implement systemic fixes.
• Manage weekly freight pay runs and monthly freight accruals; ensure accuracy of freight cost allocations across divisions and locations.
• Partner with AP and Customer Service teams to monitor unbilled shipments, resolve billing delays, and minimize exposure related to unbilled customer shipments
• Analyze and resolve accounting variances impacting freight, distribution, and logistics operations.

• Partner with Operations, FP&A, Corporate Accounting and Logistics to analyze financial results and resolve discrepancies.
• Support continuous improvement initiatives to reduce close cycle timing, resolve systemic accounting issues, and improve reporting accuracy.
• Assist with special projects, ad hoc analyses, and other…