Inventory Accounting Manager at Material Handling Systems in Louisville, Kentucky

Job Description:

Founded in 1999, MHS is a full-service provider of innovative material handling systems that solve the challenges of distribution and fulfillment operations. We build, engineer and maintain systems for some of the biggest companies in the world, including UPS, FedEx, Walmart, Amazon and others. MHS is already one of the 10 largest material handling system suppliers worldwide, and we only expect to continue growing. We're looking for top talent to be part of the journey.



OVERVIEW:



Manages and oversees effective preparation, analysis, and insight for inventory balances. Ensures accurate and timely close processes are in place and implements measures to identify all material transactions are appropriately recorded. As an integral member of the finance team, this position will be responsible for analyzing inventory related data to provide insight into operational performance. This position requires excellent analytical skills, experience in inventory management and variance analysis and the ability to perform at high levels in a fast-paced, dynamic environment.



ROLES & RESPONSIBILITIES:

• Coordinate the timeliness, accuracy and completeness of period end close activities for inventory and related inventory reserves, including journal entries, account reconciliations and roll-forwards in accordance with reporting deadlines.


• Complete capitalized purchase price variance analysis on a monthly basis


• Manage end-to-end inventory processes and provide analysis of company performance by collecting, interpreting, and presenting key reports to management


• Oversees company cycle count program


• Lead efforts to report, manage & dispose of excess & obsolete inventory.


• Support annually the standard cost and bill of materials update; confirm all costs are updated in ERP system


• Assist in developing material standards and overhead rates for standard cost system


• Collaborate with Production, Operations, and FP&A departments to ensure accurate recording of inventory and related expenses


• Protect integrity of inventory by establishing, monitoring, and enforcing internal controls


• Monitor inventory accounting and related system reports for accuracy and completeness


• Direct the annual physical inventory observations and provide recommendations for procedural improvements to ensure accounting procedures and reporting conform to generally accepted accounting principles


• Assist with the financial audits and provide recommendations for procedural improvements to ensure accounting procedures and reporting conform to generally accepted accounting principles


• Provide supervision and guidance to assigned staff with day-to-day operations, complex and technical inventory accounting tasks and issues, as well as personal and professional growth


• Perform other ad hoc duties as requested

This job description describes the general nature and level of work expected of a person assigned to this position. All job requirements listed indicate the minimum level of knowledge, skills and/or ability deemed necessary to perform the job proficiently. Employees may be required to perform any other job-related duties as requested by their supervisor.


It is the policy of Material Handling Systems, Inc (MHS) and its affiliated companies to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, pregnancy or pregnancy-related condition, status with regard to public assistance, veteran status, citizenship status (if authorized to work in the U.S.), or any other characteristic protected by federal, state or local law. In addition, MHS will provide reasonable accommodations for qualified individuals with disabilities. Apply Now