Inventory Accountant

Packet Digital; Fargo (ND); On-site; USD 90,000 - 120,000; Full time

Job summary

Packet Digital is seeking an experienced Inventory Accountant to join our Finance team. You will maintain accurate inventory records, perform reconciliations, analyze costs, and post journal entries to support monthly and year-end close.

You’ll also back up payroll accounting, budgeting, and forecasting as needed. The role emphasizes process improvement, data accuracy, and collaboration with Operations, Purchasing, and Supply Chain to strengthen internal controls and ERP enhancements.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• 10+ years of accounting experience.
• Solid GAAP knowledge and accounting principles.
• Advanced Excel skills and ERP experience.
• Strong analytical, problem-solving, and organizational abilities.
• Ability to manage multiple priorities and meet deadlines.

Responsibilities

• Maintain accurate inventory records and ensure compliance with accounting policies and procedures.
• Perform monthly inventory reconciliations and investigate discrepancies.
• Analyze inventory transactions, reserves, adjustments, and obsolescence.
• Monitor inventory valuation and cost accounting activities for accuracy and consistency.
• Prepare and post inventory-related journal entries.
• Complete account reconciliations related to inventory balances.
• Support month-end, quarter-end, and year-end close processes.
• Assist with physical inventory counts and cycle count programs.
• Partner with Operations, Purchasing, and Supply Chain teams to improve inventory controls and data accuracy.
• Support internal and external audit requests by providing inventory-related documentation.
• Prepare financial reports and analyses related to inventory, costs, gross margins, and operational performance.
• Investigate and explain financial variances.
• Support management reporting with accurate and timely financial information.
• Perform ad hoc analyses and participate in special projects.
• Serve as a backup for payroll accounting functions.
• Prepare payroll-related journal entries and reconciliations as needed.
• Support payroll accruals, employee benefits accounting, and payroll reporting activities.
• Assist with payroll audits and compliance requirements.
• Maintain documentation to ensure continuity of critical payroll processes.
• Assist with annual budgeting and periodic forecasting activities.
• Prepare budget-to-actual and forecast-to-actual analyses.
• Collaborate with department leaders to gather and validate financial information.
• Support financial planning and management reporting initiatives.
• Help improve forecasting accuracy and reporting effectiveness.

Skills

GAAP knowledge

Advanced Excel

Analytical thinking

Multitasking

Strong communication

ERP systems experience

Education

Bachelor's degree in Accounting, Finance, or related field

Tools

ERP systems

Job description

Inventory Accountant

Packet Digital is seeking a highly analytical, detail-oriented, and collaborative Inventory Accountant to join our growing Finance team. This position plays a critical role in maintaining accurate inventory accounting, supporting financial reporting, and ensuring strong inventory controls throughout the organization.

Beyond inventory accounting, this role serves as a key backup for essential finance functions including payroll accounting, budgeting, and forecasting. The ideal candidate is a proactive problem solver who enjoys improving processes, driving efficiencies, and contributing to continuous improvement initiatives across the finance organization.

If you enjoy working cross-functionally, leveraging technology to improve processes, and making a meaningful impact on operational and financial performance, we'd love to hear from you.

Job Type

Full-Time

What You'll Do

Inventory & Cost Accounting

• Maintain accurate inventory records and ensure compliance with accounting policies and procedures.
• Perform monthly inventory reconciliations and investigate discrepancies.
• Analyze inventory transactions, reserves, adjustments, and obsolescence.
• Monitor inventory valuation and cost accounting activities for accuracy and consistency.
• Prepare and post inventory-related journal entries.
• Complete account reconciliations related to inventory balances.
• Support month-end, quarter-end, and year-end close processes.
• Assist with physical inventory counts and cycle count programs.
• Partner with Operations, Purchasing, and Supply Chain teams to improve inventory controls and data accuracy.
• Support internal and external audit requests by providing inventory-related documentation.

Financial Reporting & Analysis

• Prepare financial reports and analyses related to inventory, costs, gross margins, and operational performance.
• Investigate and explain financial variances.
• Support management reporting with accurate and timely financial information.
• Perform ad hoc analyses and participate in special projects.

Payroll Accounting Support

• Serve as a backup for payroll accounting functions.
• Prepare payroll-related journal entries and reconciliations as needed.
• Support payroll accruals, employee benefits accounting, and payroll reporting activities.
• Assist with payroll audits and compliance requirements.
• Maintain documentation to ensure continuity of critical payroll processes.

Budgeting & Forecasting

• Assist with annual budgeting and periodic forecasting activities.
• Prepare budget-to-actual and forecast-to-actual analyses.
• Collaborate with department leaders to gather and validate financial information.
• Support financial planning and management reporting initiatives.
• Help improve forecasting accuracy and reporting effectiveness.

Process Improvement & Operational Excellence

• Identify opportunities to improve efficiency, accuracy, and scalability across accounting and finance operations.
• Evaluate existing workflows and recommend automation opportunities.
• Strengthen internal controls and standardize accounting procedures.
• Support ERP enhancements and technology initiatives.
• Develop and maintain process documentation, training resources, and cross-training materials.
• Participate in continuous improvement projects that drive productivity and operational excellence.
• Contribute to a collaborative, team-oriented culture by sharing knowledge and best practices.

What We're Looking For

Required Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• 10+ years of accounting experience.
• Strong knowledge of GAAP and accounting principles.
• Advanced Microsoft Excel skills.
• Experience working with ERP systems.
• Strong analytical, problem-solving, and organizational abilities.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Excellent written and verbal communication skills.

Preferred Qualifications

• Experience with payroll accounting and reconciliations.
• Experience supporting budgeting and forecasting processes.
• Experience with financial reporting and business intelligence tools.

Key Success Traits

• Exceptional attention to detail and commitment to accuracy.
• Strong analytical and critical-thinking skills.
• Continuous improvement mindset.
• Ability to identify challenges and develop practical solutions.
• Collaborative team player who supports cross-functional initiatives.
• Strong organizational and time-management abilities.
• Professional judgment and discretion when handling confidential information.
• Adaptability and willingness to learn new systems and processes.

Why Join Packet Digital?

At Packet Digital, you'll have the opportunity to contribute to both operational and financial success while expanding your expertise across multiple areas of accounting and finance. This role offers exposure to:

• Inventory and cost accounting
• Financial reporting and analysis
• Payroll accounting
• Budgeting and forecasting
• Process improvement initiatives
• ERP and technology enhancement projects

You’ll join a collaborative team committed to continuous improvement, innovation, and operational excellence while making a meaningful impact on the organization's growth and success.

Equal Opportunity Employer

Packet Digital is an Equal Opportunity Employer. We are committed to creating an inclusive workplace and do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, veteran status, or any other legally protected characteristic. All qualified applicants will receive consideration for employment.