Inventory and Cost Analyst

FABIAN COUTURE GROUP; Vernon Hills (IL); On-site; USD 70,000 - 110,000; Full time

Job summary

Fabian Couture Group seeks a cost accounting/financial analyst to maintain standard costs for raw materials, WIP, and finished goods, and to analyze variances and inventory metrics. The role requires strong GAAP knowledge, advanced Excel, and ERP experience, with regular interaction with suppliers and internal teams.

The position is on-site in Vernon Hills, IL, with responsibilities including month-end close support, budgeting input, and ad hoc costing reports.

Qualifications

• Bachelor's degree in accounting, finance, or related field is required.
• Strong knowledge of GAAP and inventory costing methods.
• Advanced Excel skills are required.
• Experience with ERP systems and inventory/manufacturing modules is preferred.
• Ability to analyze large data sets and translate results into actionable recommendations.

Responsibilities

• Maintain and analyze standard costs for materials, WIP, and finished goods; explain variances.
• Keep accurate raw materials inventory records, rollforwards, and BOMs.
• Investigate variances between supplier and internal reports; communicate with suppliers to resolve variances.
• Prepare analyses of in-stock positions and replenishments.
• Coordinate and audit physical inventory and cycle counts; validate adjustments with operations.

Skills

GAAP knowledge

Excel skills

Data analysis

Communication skills

Organization

Attention to detail

Travel availability

Education

Bachelor's degree in accounting/finance

Tools

ERP system

Middleware

Job description

About this position

Description:

• Maintain and analyze standard costs for raw materials, work-in-process, and finished goods; investigate and explain variances.
• Maintain accurate raw materials inventory records, including rollforwards and bills of materials, for major international suppliers with inventory held at locations.
• Investigate variances between suppliers’ inventory reports and internal reports based on materials receipts and usage; engage in regular communication with suppliers to resolve variances.
• Prepare analyses of in-stock positions and replenishments.
• Coordinate and audit physical inventory and cycle counts; validate adjustments with operations and warehouse teams.
• Analyze purchase price, usage, labor, and overhead variances and report findings to management.
• Manage standard cost rolls in accordance with accounting standards, bills of material, and routing accuracy in the ERP system.
• Partner with operations and accounting to improve inventory accuracy and margin visibility.
• Participate in assessment and improvement of inventory processes and internal controls to safeguard company assets.
• Update supplier scorecards
• Create inventory scorecards to include backorders, forecast accuracy, in stock, overstock and inventory turns.
• Support the monthly close, audits, budgeting, and forecasting for inventory and cost of sales.
• Prepare ad hoc costing, margin, and inventory reports as needed.
• Other duties as assigned.

Requirements

• 3+ years of accounting or financial analysis experience; cost accounting or manufacturing experience preferred.
• Bachelor’s degree in accounting, finance, or related field, required.
• Strong knowledge of accounting principles (GAAP), inventory costing methods, and advanced Excel skills.
• Experience utilizing an ERP system and middleware; inventory or manufacturing modules preferred.
• Ability to analyze large data sets and translate results into clear, actionable recommendations.
• Clear and effective verbal and written communication skills.
• Organized and able to prioritize competing deadlines.
• Must be naturally curious, detail oriented, and responsible.
• Must be able to travel to and from the office on a regular basis.
• Must be able to remain in a stationary position, seated at a desk, for extended periods of time.
• Must be able to operate a computer and other standard office equipment.
• Must be able to occasionally lift and move items weighing up to 25 pounds.
• Must be legally authorized to work in the United States without sponsorship, now or in the future.

Fabian Couture Group is an equal opportunity employer.

This is an on-site role. Local candidates only.