Manager, Inventory Cost Accounting

The Inventory Cost Accounting Manager partners cross-functionally with other Finance teams and business stakeholders, such as Sales, Supply Chain, and warehouse teams, to deliver meaningful insights and continuous improvement opportunities. Role Overview: The Manager, Inventory Cost Accounting is responsible for managing cost accounting, inventory accounting, and cost analysis to support accurate financial reporting and strategic decision-making.

Role Overview:

The Manager, Inventory Cost Accounting is responsible for managing cost accounting, inventory accounting, and cost analysis to support accurate financial reporting and strategic decision-making. This role ensures the integrity of cost data and provides insights to strengthen cost and reporting capabilities. The Inventory Cost Accounting Manager partners cross-functionally with other Finance teams and business stakeholders, such as Sales, Supply Chain, and warehouse teams, to deliver meaningful insights and continuous improvement opportunities.

Duties & Responsibilities:

Accounting and Analysis

• • Prepare/analyze/reconcile weekly, monthly & quarterly inventory reporting for both internal use and Japan requirements including, but not limited to on-hand inventory levels, in-transit inventory and royalties
  • Develop monthly and ad-hoc analysis of inventory-related reconciliations and financial statements
  • Create and maintain standard costs including raw materials, labor, and overhead
  • Perform Quarterly reviews of all standard costs for the cost rollup
  • Analyze manufacturing cost variances which would include: Purchase Price Variance (PPV), material usage, and labor variances
  • Support internal and external audits
  • Collaborate cross functionally to support decision making, improve cost performance, and provide guidance to internal stakeholder

Inventory Accounting and Controls

• • Monitor, track and provide metric reporting for zero value, slow moving, and obsolete inventory and participate in monthly inventory review/reduction meetings
  • Maintain accuracy of all inventory cost records and Cost of Sales reporting through periodic reviews/testing such as LOCOM analysis, SKU revaluation and all inventory reserves
  • Review and reconcile monthly AP inventory accruals and work with the Inventory A/P team to clear aged goods receipts/invoice receipts
  • Support year-end physical inventories which could include warehouse mapping, test counts, reconciliations, and roll-forward schedules

Process Improvement

• • Drive continuous improvement initiatives to optimize cost accounting processes, enhance data accuracy, and strengthen reporting capabilities
  • Partner with Supply Chain, Warehouse, Procurement, and Finance teams to streamline operations and automation efforts
  • Lead/drive continuous improvement in the cost estimation processes in collaboration with sales, supply chain and warehouse management teams

Experience & Qualifications:

Education

• • Bachelor's Degree (or equivalent experience) Accounting or Finance 

Experience

• • Minimum 8 years Comprehensive cost accounting and inventory experience in a manufacturing or inventory heavy environment 

Licenses and Certifications

• • Certified Management Accountant (CMA)

Software/Technical Skills

• • Microsoft Office applications (Excel, Word, PowerPoint, and Access)
  • Cost accounting experience within a large ERP system (SAP/Oracle)
  • Strong inventory technical knowledge
  • Knowledge and application of Generally Accepted Accounting Principles (GAAP), inventory accounting standards cost accounting methodologies, and internal controls procedures

Other Skills/Knowledge/Abilities

• • Ability to maintain a positive attitude, with a willingness to roll up sleeves and get the work done
  • Proactive action-focused problem-solving skills
  • Excellent communication skills to effectively convey complex financial information to non-financial stakeholders to enhance understanding
  • Strong data analysis skills with ability to articulate key drivers and present conclusions on findings
  • Strong attention to detail
  • Ability to maintain a continuous improvement mindset
  • Highly organized and able to manage multiple projects simultaneously and act with resolve in a complex environment

Additional Details for This Role:

This role will be a hybrid role. Subject to business needs, employees may work remotely up to two days per week. Assigned office days will be determined by your manager.  #LI-Hybrid

 

Base Salary 

• The targeted base salary range for this position is $91,000 - $111,000 year.
• Base salary is determined by the education, experience, knowledge, skills, and abilities of the successful candidate, as well as factors such as internal equity, cost of labor in the hiring location, and alignment with market data. 

Additional Compensation

• • This position is eligible for a 15% bonus at 100% of target, with the opportunity to achieve above 100% dependent on company performance and in alignment with company bonus plans.
  • Bonus awards are discretionary and contingent upon individual performance as well as Brother achieving its corporate objectives, in accordance with the applicable bonus plan in effect.