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Inventory Accountant

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 resultsTracking, reporting, and resolving any inventory-related errors or discrepanciesTracking inbound and outbound activity to provide accurate Daily Inventory AccountingEnsuring completeness of Inventory Records dailyWorking with Cycle Counters to obtain rotating and complete coverage of InventoryOrganizing, coordinating and reporting on physical Inventory activities, confirming complete and accurate counts and reconciling/explaining variancesAssisting with monthly and annual year-end closing activitiesProcessing various month-end journals applicable to inventory, revenue and COGS and preparing related month-end reconciliationsAnalyzing month end reports for variances to forecast and budget and following up on unusual variances to ensure understandingReconciling off-site inventory with business partners at least weeklyCompleting Account Analyses for Inventory-related balance sheet and P&L accountsAssisting in calculating Inventory Valuation ReservesReviewing negative margin, correction of COGS and resolutionReviewing and reporting results and reconciling variancesAssisting with preparation of various audit and financial statement schedulesPreparing physical inventory roll-back/ roll-forwardsProviding continuous research on new ways to improve the receipt and disbursement of merchandise and freightAssisting with creating, monitoring, and reporting KPIs for all aspects of inventory and cost accountingAnalyzing appropriateness of standards and providing recommendations for changes where appropriateAdditional items and/or Special projects as assignedInventory Accountant Knowledge, Skills, and Abilities:Self-starter that takes the initiative to tackle issues and solve problemsAbility to devise and implement an efficient process with minimal supervisionExcellent communication skillsHigh level problem-solving and follow through capabilitiesInventory Accountant Qualifications:Bachelor's degree in accounting or related field5+ Years of Accounting and inventory control in a manufacturing environmentWillingness to work additional hours as neededBenefitsPaid time off401(k) matchHealth insuranceDental insuranceVision insuranceLife insurance (company paid)Voluntary Life/AD&DVoluntary Life/AD&D (child)Short-term disability (company paid)Long-term disability (company paid)Accident InsuranceCritical Illness InsuranceEmployee assistance programFlexible spending accountTuition reimbursementReferral programProduction bonusCompetitive payPI184823069SDL2017

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

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