- Maintain accurate records of inventory levels, including raw materials, work-in-progress, and finished goods.
- Conduct regular physical inventory counts and reconcile discrepancies between physical counts and recorded inventory.
- Implement inventory control procedures to minimize losses, damages, and obsolete inventory.
- Prepare inventory-related financial reports, including inventory balances, cost of goods sold (COGS), and inventory turnover ratios.
- Analyze inventory data to identify trends, variances, and opportunities for improvement.
- Collaborate with cross-functional teams to streamline inventory management processes and enhance efficiency.
- Recommend and implement improvements to inventory control systems, procedures, and policies.
- Identify and address root causes of inventory discrepancies to prevent recurrence.
- Ensure compliance with regulatory requirements and internal controls related to inventory management.
- Assist in internal and external audits by providing accurate inventory records and supporting documentation.
- Implement corrective actions based on audit findings to strengthen inventory management practices.
- Communicate effectively with stakeholders across departments to coordinate inventory activities and resolve issues promptly.
- Work closely with purchasing and production teams to forecast inventory needs and optimize inventory levels.
- Collaborate with the finance team to incorporate inventory data into financial planning and budgeting processes.
- Bachelor's degree in Accounting, Finance, or related field.
- Strong understanding of accounting principles and inventory management concepts.
- Proficiency in Microsoft Excel and familiarity with inventory management software (e.g., ERP systems).
- Excellent analytical skills with keen attention to detail.
- Ability to work independently and as part of a team in a fast-paced environment.
- 0-3 years experience
- Effective communication and interpersonal skills.
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Inventory Accountant - Saint George, United States - Baxter Aerospace, Inc
Description
Job Description
Job DescriptionAbout Us: Baxter Aerospace is a leading manufacturing organization dedicated to producing high-quality products in high-tech aerospace manufacturing. With a commitment to innovation and excellence, we strive to deliver exceptional value to our customers while maintaining sustainable practices. As we continue to grow, we are seeking a detail-oriented and motivated Entry Level Accountant to join our team, focusing on inventory management.
Job Description:
As an Entry Level Accountant specializing in inventory management, you will play a crucial role in ensuring accurate recording, tracking, and reporting of inventory-related transactions within our manufacturing operations. You will collaborate closely with various departments, including procurement, production, and finance, to maintain precise inventory records and support strategic decision-making processes.
Key Responsibilities:
Inventory Monitoring and Control:
Qualifications:
Joining Baxter Aerospace as an Accountant specializing in inventory management offers an exciting opportunity to contribute to the success of our manufacturing operations while gaining valuable experience in a dynamic industry. If you are passionate about numbers, possess a proactive mindset, and thrive in a collaborative environment, we encourage you to apply and become a part of our growing team.
Flexible work from home options available.