Hybrid Inventory & Cost Accountant II

Donaldson Company; BLOOMINGTON (MN); Hybrid; USD 65,000 - 83,000; Full time

Job summary

Donaldson is seeking a detail-oriented Accountant II to join our Operations Finance team in Bloomington, MN. You will support core operational accounting processes, ensure accuracy and integrity of financial reporting, and play a key part in our month-end close cycle.

We value a continuous improvement mindset and strong accounting knowledge, with the ability to navigate complex data and collaborate across functions in a hybrid work setup.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 2-5 years of accounting experience in operations, manufacturing, or corporate accounting.
• Cost accounting or inventory accounting experience.
• Familiarity with intercompany processes in multi-entity firms.
• Experience with financial close tools (Oracle ARCS, BlackLine).
• Strong communication and GAAP understanding.
• Excel and ERP system proficiency (Oracle, EPM, or similar).

Responsibilities

• Conduct AP liability reviews to ensure proper cutoff and completeness, resolving discrepancies with vendors and internal partners.
• Prepare and review inventory-related account reconciliations, ensuring alignment between the subledger and general ledger.
• Support excess and obsolete (E&O) inventory analysis, including reserve calculations, variance explanations, and quarterly operational reviews.
• Complete intercompany receivable and payable reconciliations, ensuring accuracy and timely resolution of differences. Collaborate with domestic and international affiliates to confirm settlements.
• Assist with monthend revenue cutoff procedures, ensuring compliance with accounting policies and proper revenue recognition.
• Prepare journal entries, accruals, and supporting documentation for monthly financial close activities.
• Maintain assigned balance sheet account reconciliations in accordance with internal control standards.
• Support internal and external audits by preparing schedules, responding to inquiries, and providing required documentation.
• Participate in process improvement initiatives to enhance accuracy, efficiency, and compliance across operational accounting activities.

Skills

GAAP knowledge

Excel

ERP systems

Intercompany processes

Communication skills

Analytical thinking

Education

Bachelor's degree in Accounting/Finance

Tools

Oracle ARCS

BlackLine

Oracle ERP

Job description

Donaldson is seeking a detail-oriented Accountant II to join our Operations Finance team in Bloomington, MN. You will support core operational accounting processes, ensure accuracy and integrity of financial reporting, and play a key part in our month-end close cycle.

We value a continuous improvement mindset and strong accounting knowledge, with the ability to navigate complex data and collaborate across functions in a hybrid work setup.