Inventory Accountant
Company: LAKE CABLE, LLC
Location: Elkhart
Posted on: August 7, 2022
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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
PI184823082
Keywords: LAKE CABLE, LLC, Elkhart , Inventory Accountant, Professions , Elkhart, Indiana
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