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Inventory Accountant

Company: LAKE CABLE, LLC
Location: Elkhart
Posted on: August 4, 2022

Job Description:

What would you say to a career that helps keep the world working? One where you take an active role in an industry that literally makes daily life possible for people and businesses alike? Where the rewards and opportunities for growth are as great as your ambition? Then Lake Cable is looking for you. For more than a quarter century, Lake Cable has been a leading manufacturer of low voltage, industrial power, utility, custom OEM and broadcast-quality cables, all 100% produced in the United States. Thanks to a shared passion and commitment to our customers, we deliver the finest quality products, engineered to exacting specifications. BETTER. SMARTER. FASTER. Headquartered in Bensenville, IL with over 450 employees and five facilities in the Midwest, Lake Cable is a privately-owned family business. That spirit of family inspires a culture where the success of every team member is a top priority, with competitive benefits and paths to advancement. Our richly diverse team is also committed to sustainability, community involvement, and ethical business practices. Because we believe it's the only way to do business. If you're ready for a leap forward, we should talk. Lake Cable. When Delivery Matters--- Position Summary: The Inventory Accountant is primarily responsible for ensuring accurate and complete reporting of the company's inventory. The Inventory Accountant will work closely with our Inventory Planning team, Cycle Counters, Accounting team and other business partners and be responsible for accurate and timely inventory data management, journal entry creation, account reconciliation, support of year-end audit process, as well as inventory-related projects and reporting activities, as requested. Inventory Accountant Essential Functions:

  • Tracking, booking, and reporting inventory results
  • Tracking, reporting, and resolving any inventory-related errors or discrepancies
  • Tracking inbound and outbound activity to provide accurate Daily Inventory Accounting
  • Ensuring completeness of Inventory Records daily
  • Working with Cycle Counters to obtain rotating and complete coverage of Inventory
  • Organizing, coordinating and reporting on physical Inventory activities, confirming complete and accurate counts and reconciling/explaining variances
  • Assisting with monthly and annual year-end closing activities
  • Processing various month-end journals applicable to inventory, revenue and COGS and preparing related month-end reconciliations
  • Analyzing month end reports for variances to forecast and budget and following up on unusual variances to ensure understanding
  • Reconciling off-site inventory with business partners at least weekly
  • Completing Account Analyses for Inventory-related balance sheet and P&L accounts
  • Assisting in calculating Inventory Valuation Reserves
  • Reviewing negative margin, correction of COGS and resolution
  • Reviewing and reporting results and reconciling variances
  • Assisting with preparation of various audit and financial statement schedules
  • Preparing physical inventory roll-back/ roll-forwards
  • Providing continuous research on new ways to improve the receipt and disbursement of merchandise and freight
  • Assisting with creating, monitoring, and reporting KPIs for all aspects of inventory and cost accounting
  • Analyzing appropriateness of standards and providing recommendations for changes where appropriate
  • Additional items and/or Special projects as assigned Inventory Accountant Knowledge, Skills, and Abilities:
    • Self-starter that takes the initiative to tackle issues and solve problems
    • Ability to devise and implement an efficient process with minimal supervision
    • Excellent communication skills
    • High level problem-solving and follow through capabilities Inventory Accountant Qualifications:
      • Bachelor's degree in accounting or related field
      • 5+ Years of Accounting and inventory control in a manufacturing environment
      • Willingness to work additional hours as needed Benefits
        • Paid time off
        • 401(k) match
        • Health insurance
        • Dental insurance
        • Vision insurance
        • Life insurance (company paid)
        • Voluntary Life/AD&D
        • Voluntary Life/AD&D (child)
        • Short-term disability (company paid)
        • Long-term disability (company paid)
        • Accident Insurance
        • Critical Illness Insurance
        • Employee assistance program
        • Flexible spending account
        • Tuition reimbursement
        • Referral program
        • Production bonus
        • Competitive pay PI184823086

Keywords: LAKE CABLE, LLC, Elkhart , Inventory Accountant, Accounting, Auditing , Elkhart, Indiana

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