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Inventory Accountant

  • Downers Grove, IL 60515, USA

Inventory Accountant
We are seeking a detail-oriented Inventory Accountant to oversee inventory management, cost accounting, and reporting. This role will ensure accurate inventory valuation, support financial reporting, and collaborate with operations and supply chain teams to optimize inventory processes and controls.

Why Work Here:

  • Impactful Role: Play a key role in maintaining the accuracy and efficiency of our inventory system, directly influencing financial performance

  • Collaborative Environment: Work closely with a diverse team across operations, supply chain, and finance to drive business improvements

  • Work-Life Balance: Enjoy flexible work schedules and a supportive, balanced work environment

  • Professional Growth: Access to learning opportunities, mentorship, and potential for career advancement in a growing company

  • Company Stability: Join a well-established company with a strong reputation and steady growth in the industry


Key Responsibilities:

  • Manage inventory accounting processes, including monthly and year-end inventory reconciliations

  • Ensure accurate costing and valuation of inventory, including standard cost updates, cost of goods sold (COGS) analysis, and inventory adjustments

  • Reconcile physical inventory counts with the general ledger and investigate discrepancies

  • Support month-end close process, ensuring accurate and timely reporting of inventory-related financials

  • Analyze inventory trends, perform margin analysis, and identify opportunities for cost control

  • Collaborate with supply chain, purchasing, and operations teams to improve inventory accuracy and efficiency

  • Assist with internal and external audits, ensuring compliance with inventory-related controls and procedures

  • Maintain and improve inventory reporting tools, systems, and processes

  • Support the implementation of new inventory systems or process improvements as needed

Qualifications:

  • Bachelor’s degree in Accounting, Finance, or related field

  • 2–4 years of accounting experience with a focus on inventory, cost accounting, or manufacturing

  • Strong understanding of inventory management, costing methods (e.g., FIFO, LIFO, weighted average), and COGS analysis

  • Proficient in NetSuite and Microsoft Excel

  • Excellent attention to detail and organizational skills

  • Strong analytical skills and ability to work cross-functionally with operations and supply chain teams

  • Knowledge of GAAP and cost accounting principles

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