Advanced Inventory Accounting Specialist

DENSO; Battle Creek (MI); On-site; USD 93,000 - 116,000; Full time

Benefits offered by this job

Medical, Dental, Vision plans

401K with 4% Company Match

Vacation/PTO and 13 paid Holidays

Bonus Program

Tuition Reimbursement

Onsite Fitness Center

Cafeteria and food markets

Employee Assistance Program

Job summary

DENSO is seeking a professional for inventory accounting services across North America. The role requires computing cost values of materials and maintaining financial ledgers while ensuring accuracy in inventory calculations.

Qualified candidates will have a Bachelor's degree in Accounting or Finance and significant experience in inventory/cost accounting. This position offers benefits such as medical plans, 401K with company match, and various employee programs.

Qualifications

• 5-8 years of relevant experience with at least 2-5 years in inventory/cost accounting.
• Knowledge of GAAP/IFRS required and understanding of accounting operational structure.
• Ability to lead projects and manage inventory/cost accounting responsibilities.

Responsibilities

• Compute cost value of materials for inventory.
• Analyze actual vs. standard costs and prepare reports.
• Compile cost data for operating budgets.
• Prepare estimates for new product costs.
• Maintain ledgers and financial statements.
• Monitor inventory adjustments and journal entries.

Skills

Strong written and verbal communication skills

Strong analytical skills

Customer service skills

Advanced understanding of accounting principles

Cross functional team member

Advanced process improvement mindset

Education

Bachelor's degree in Accounting, Finance or related field

Job description

Job Summary

Under limited supervision, provides inventory accounting services to various DENSO locations across North America. Acts as a liaison to resolve outstanding issues. May lead projects or project steps within a broader project or have accountability for ongoing activities or objectives.

Essential Duties and Responsibilities

• Computes cost value of raw materials, work in process and finished goods for inventory purposes.
• Analyzes actual costs versus standard costs and prepares reports of variances.
• Compiles cost data for preparation of operating budgets.
• Prepares estimates of new or proposed product costs.
• Prepares lower of cost or market calculation, landed cost calculation, margin analysis and other requested calculations.
• Maintains ledgers and financial statements.
• Prepares financial reporting for inventory area, as needed.
• Monitors inventory adjustments.
• Responsible for all inventory/cost related journal entries for month end close.
• Responsible for reconciling all inventory/cost related GL accounts in a timely manner.
• Analyzes PPV (purchase price variance) and IPV (invoice price variance) each month to ensure accuracy of standard costs and PO pricing.
• Works with other departments to improve physical inventory taking, with support from higher level.
• May lead projects or project steps within a broader project or have accountability for ongoing activities or objectives.
• Performs other duties as assigned.

Qualifications

• Bachelor's degree in Accounting, Finance or related field
• 5-8 years of relevant experience with at least 2-5 years of that experience in inventory/cost accounting
• Knowledge of GAAP/IFRS is required, along with an understanding of current accounting operational structure (financial close, gross profit, J SOX, etc.)

Skills and Abilities

• Strong written and verbal communication skills to discuss or transmit primarily factual information to internal and external customers in the normal course of performing duties
• Strong analytical skills to investigate, interpret and reconcile information from several distinct sources in situations where conclusions or resolutions are discernible
• Customer service skills to display a service-oriented attitude in addressing and responding to customer issues
• Advanced understanding of accounting principles
• Cross functional team member
• Advanced process improvement (kaizen) mindset

Benefits Summary

• Medical, Dental, Vision, Prescription Drug plans
• 401K with 4% Company Match
• Vacation/PTO and 13 paid Holidays
• Bonus Program
• FSA/HSA and Dependent Care Programs
• Company provided Life, Disability, ADD and Business Travel Insurance
• Various No Cost Wellness & Chronic Condition Management Programs
• Various Optional Insurance programs such as legal, identity theft, critical illness, etc.
• Tuition Reimbursement
• Career Development and Ongoing Training
• Employee Assistance Program
• Employee Spotlight and Recognition Program
• Volunteer Opportunities
• Onsite Fitness Center (vary by location)
• Cafeteria and food markets (vary by location)
• Onsite Health Clinic and Pharmacy (vary by location)

Annual Salary: $93,000 – $116,000