ICON Consultants, LP
Overview
The Senior Inventory Accountant is responsible for managing and analyzing inventory transactions, cost of goods sold (COGS), and related variances to ensure accuracy and compliance with US GAAP and internal policies. This role supports the spine division's operational and financial objectives by providing detailed inventory reporting and insights. It requires strong collaboration with operations, supply chain, and finance teams, and an understanding of inventory flows in a regulated medical device manufacturing environment. Responsibilities
Perform monthly inventory accounting close activities, including journal entries, reconciliations, and reporting of inventory and COGS. Analyze inventory transactions and variances (e.g., purchase price, manufacturing, scrap, cycle counts). Monitor inventory movement across manufacturing sites, third-party warehouses, third-party logistics providers (3PLs), and field locations. Maintain and reconcile inventory sub-ledger to general ledger; investigate and resolve discrepancies. Collaborate with operations and supply chain to ensure accurate product costing and inventory valuation. Support annual physical inventory and cycle count processes; ensure compliance with internal controls and regulatory standards. Prepare and analyze inventory-related reports for management and FP&A teams. Assist with standard cost updates and the annual standard cost roll. Work with external auditors during quarterly and year-end audits by preparing schedules and responding to audit requests. Recommend and implement process improvements to enhance accuracy, efficiency, and compliance. Support fixed asset management by tracking capitalized inventory equipment and coordinating with the fixed asset accountant. Ensure compliance with SOX/internal control requirements and applicable FDA or ISO standards. Education & trainings
Bachelor's degree in Accounting, Finance, or related field required. Advanced Excel skills; experience with ERP systems (e.g., SAP, Oracle, NetSuite) required. Training or knowledge of inventory/cost accounting in a regulated manufacturing environment is highly desirable. Qualifications & experience
2–4+ years of progressive accounting experience, with at least 1 year focused on inventory or cost accounting. Experience in the medical device, pharmaceutical, or manufacturing industry preferred. Strong understanding of US GAAP, inventory valuation, and cost flows. Familiarity with standard costing, bill of materials, and production order accounting. Ability to analyze large data sets, identify trends, and communicate insights clearly. Excellent attention to detail and organizational skills. Strong interpersonal and cross-functional communication skills. Experience working in a SOX-compliant and FDA-regulated environment is a plus. Physical & environment
Ability to work on site in an office environment
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The Senior Inventory Accountant is responsible for managing and analyzing inventory transactions, cost of goods sold (COGS), and related variances to ensure accuracy and compliance with US GAAP and internal policies. This role supports the spine division's operational and financial objectives by providing detailed inventory reporting and insights. It requires strong collaboration with operations, supply chain, and finance teams, and an understanding of inventory flows in a regulated medical device manufacturing environment. Responsibilities
Perform monthly inventory accounting close activities, including journal entries, reconciliations, and reporting of inventory and COGS. Analyze inventory transactions and variances (e.g., purchase price, manufacturing, scrap, cycle counts). Monitor inventory movement across manufacturing sites, third-party warehouses, third-party logistics providers (3PLs), and field locations. Maintain and reconcile inventory sub-ledger to general ledger; investigate and resolve discrepancies. Collaborate with operations and supply chain to ensure accurate product costing and inventory valuation. Support annual physical inventory and cycle count processes; ensure compliance with internal controls and regulatory standards. Prepare and analyze inventory-related reports for management and FP&A teams. Assist with standard cost updates and the annual standard cost roll. Work with external auditors during quarterly and year-end audits by preparing schedules and responding to audit requests. Recommend and implement process improvements to enhance accuracy, efficiency, and compliance. Support fixed asset management by tracking capitalized inventory equipment and coordinating with the fixed asset accountant. Ensure compliance with SOX/internal control requirements and applicable FDA or ISO standards. Education & trainings
Bachelor's degree in Accounting, Finance, or related field required. Advanced Excel skills; experience with ERP systems (e.g., SAP, Oracle, NetSuite) required. Training or knowledge of inventory/cost accounting in a regulated manufacturing environment is highly desirable. Qualifications & experience
2–4+ years of progressive accounting experience, with at least 1 year focused on inventory or cost accounting. Experience in the medical device, pharmaceutical, or manufacturing industry preferred. Strong understanding of US GAAP, inventory valuation, and cost flows. Familiarity with standard costing, bill of materials, and production order accounting. Ability to analyze large data sets, identify trends, and communicate insights clearly. Excellent attention to detail and organizational skills. Strong interpersonal and cross-functional communication skills. Experience working in a SOX-compliant and FDA-regulated environment is a plus. Physical & environment
Ability to work on site in an office environment
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