Inventory Accounting Analyst

ZT Group Intl, Inc. dba ZT Systems; Secaucus (NJ); On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Competitive base salary

Performance-based annual bonus

401(k) retirement savings plan

Comprehensive medical, dental, and vision coverage

Tuition reimbursement

Paid time off (PTO)

Parental leave

Employee wellness support

Job summary

ZT Group Int’l, Inc. dba ZT Systems is seeking an Inventory Accounting Analyst to support the integrity of the company’s inventory financial data. The role involves executing day-to-day accounting tasks, preparing journal entries, and assisting in the monthly financial close, among other responsibilities related to inventory management.

The ideal candidate will possess a Bachelor's degree in Accounting, 2-5 years of relevant experience, and essential proficiency in SAP. This position offers a competitive base salary along with various benefits.

Qualifications

• 2–5 years of experience required.
• Ability to work independently.
• Experience with financial accounting preferred.

Responsibilities

• Support accounting and analysis related to inventories.
• Prepare monthly journal entries for inventory movements.
• Assist with monthly financial close and inventory valuations.
• Review gross margin data and investigate variances.
• Prepare monthly reconciliations for inventory accounts.
• Track cost drivers causing variances between standard and actual costs.
• Coordinate with Product and Sales teams on product costs.
• Support physical inventory counts and document processes.

Skills

Good communication skills

SAP proficiency

Attention to detail

Education

Bachelor's degree in Accounting

Tools

SAP

Job description

The Inventory Accounting Analyst supports the integrity of the company’s inventory financial data by assisting with the end-to-end accounting for inventory, cost of goods sold, and margin analysis. Execute day-to-day accounting tasks for a large division of the Company, ensuring that inventory transactions are recorded accurately and timely. Apply US GAAP standards to inventory valuation and assist in ensuring compliance across global operating territories.

Key Responsibilities:

• Support the accounting, reporting, and analysis related to inventories, gross margins, and standard costs.
• Prepare monthly journal entries for inventory movements, accruals for inventory in transit, and the capitalization of freight and tariffs.
• Assist with the monthly financial close by performing preliminary inventory valuations and identifying potential reserves for slow-moving or obsolete stock under US GAAP.
• Review gross margin data and help investigate variances between budgeted and actual margins for management review.
• Prepare monthly reconciliations for inventory-related accounts across global operating territories to ensure balance sheet accuracy.
• Track and report on cost drivers that cause variances between standard and actual costs.
• Coordinate with Product and Sales teams to provide data necessary for maintaining accurate standard product costs.
• Generate and distribute reports that provide visibility into cost components like product, duty, and freight.
• Help document the company's current end-to-end inventory processes and workflows.
• Support physical inventory counts and monthly cycle count programs by reviewing results and flagging variances for further investigation.
• Support the development and documentation of new SOX-compliant internal controls for the newly acquired division to ensure reporting integrity.
• Maintain documentation for inventory internal controls and gather requested information for internal and external auditors.
• Monitor listings of low-margin and slow-moving inventory to provide updates to relevant departments.
• Assist IT and the broader accounting team with user acceptance testing for ERP patches, fixes, or cost-related system issues.

Job Requirements:

• Good communication skills and the ability to work independently with attention to detail.
• Essential application proficiency in SAP and other systems.
• Bachelor’s degree in Accounting from an accredited university.
• 2–5 years of experience.

Benefits:

• Competitive base salary.
• Performance-based annual bonus eligibility.
• 401(k) retirement savings plan.
• Tuition reimbursement for eligible education programs.
• Comprehensive medical, dental, and vision coverage with access to leading providers.
• Mental health resources and employee wellness support programs.
• Company-paid life and disability insurance.
• Paid time off (PTO) and company-paid holidays.
• Parental leave and family care support programs.
• Structured training programs and on-the-job learning opportunities.
• Matching gifts and volunteer programs to support causes you care about.

These benefits are available to eligible employees and are designed to grow with you as your career evolves.

Full benefits and eligibility vary by work location. Learn more about our benefits here.

ZT Group Int’l. is an Equal Opportunity Employer and prohibits discrimination and harassment of any kind. ZT Systems provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. Please be aware that certain positions may require the applicant to either 1) be a U.S. citizen or national, 2) be a U.S. lawful permanent resident (aka green card holder), 3) refugee under 8 U.S.C. § 1157, or 4) asylee under 8 U.S.C. § 1158, or 2) be eligible to obtain an export control license or license exception from the Bureau of Industry and Science & U.S. Department of Commerce. All offers of employment will be conditional subject to the foregoing.