Inventory Cost Analyst (Hybrid: Onsite and Remote)

US Foods; West Linn, Northern (OR, KY); Hybrid; USD 65,000 - 105,000; Full time

Benefits offered by this job

Annual incentive plan bonus

Health insurance

Retirement benefits

Paid time off

Short-term and long-term disability

Employee stock purchase plan

Life insurance

Job summary

US Foods is seeking an Inventory Cost Analyst to oversee costing processes, perform analyses of inventory transactions, and support financial reporting for our retail operations. The role requires strong ERP and advanced Excel skills, with a focus on standard costing, variance analysis, and cost model development.

The position entails collaborating with cross-functional teams, analyzing aging and slow-moving items, and assisting in month-end close.

Qualifications

• 3+ years of proven experience as an Inventory Cost Accountant, Inventory Analyst, or similar role within the retail industry.
• Strong understanding of inventory costing methods and inventory management principles.
• Proficiency in ERP systems and advanced Excel (VLOOKUP, Pivot).
• Experience with inventory management software.
• Retail industry experience is preferred.

Responsibilities

• Manage and oversee inventory costing processes, including standard costing and inventory valuation.
• Conduct regular analyses of inventory transactions and adjustments to ensure accuracy and adherence to accounting standards.
• Collaborate with cross-functional teams to coordinate, reconcile and investigate physical inventory counts and variances with financial records.
• Prepare and analyze inventory-related financial reports, including variance analysis and trend analysis.
• Monitor and report on inventory levels, aging, and slow-moving items to support inventory management decisions.
• Assist in month-end and year-end close processes related to inventory, including preparing journal entries and reconciliations.
• Develop and maintain inventory cost models and ensure consistency across all inventory-related activities.
• Implement and improve inventory control procedures to enhance accuracy and efficiency in inventory management.
• Provide insights and recommendations to management on cost-saving opportunities and inventory management strategies.
• Ensure compliance with accounting policies, procedures, and internal controls related to inventory.
• Reconcile and approve cost and quantity variances at PO and invoice level.

Skills

Inventory costing

ERP systems

Excel (VLOOKUP/Pivot)

Education

Bachelor’s degree in Accounting/Finance

CPA or CMA certification (bonus)

Tools

Inventory management software

Job description

The Inventory Cost Analyst will play a critical role in managing and analyzing inventory costs, ensuring accurate financial reporting, and supporting decision-making processes within our retail operations. Your primary responsibilities include overseeing inventory costing processes, conducting regular analyses of inventory transactions, preparing financial reports, and collaborating with cross-functional teams to optimize inventory control procedures.Schedule: Sunday, Monday, Tuesday, Thursday and FridayOff: Wednesday and SaturdayHybrid - In office on Tuesday and Thursday, Remote work Sunday, Monday, and Friday**RESPONSIBILITIES:*** Manage and oversee inventory costing processes, including standard costing and inventory valuation.* Conduct regular analyses of inventory transactions and adjustments to ensure accuracy and adherence to accounting standards.* Collaborate with cross-functional teams to coordinate, reconcile and investigate physical inventory counts and variances with financial records.* Prepare and analyze inventory-related financial reports, including variance analysis and trend analysis.* Monitor and report on inventory levels, aging, and slow-moving items to support inventory management decisions.* Assist in the month-end and year-end close processes related to inventory, including preparing journal entries and reconciliations.* Develop and maintain inventory cost models and ensure consistency across all inventory-related activities.* Implement and improve inventory control procedures to enhance accuracy and efficiency in inventory management.* Provide insights and recommendations to management on cost-saving opportunities and inventory management strategies.* Ensure compliance with accounting policies, procedures, and internal controls related to inventory.* Reconcile and approves cost and quantity variances at PO and invoice level.**SUPERVISION**:* None**RELATIONSHIPS*** Internal: CHEF’STORE leadership, Finance and Accounting leaders and associates* External: Vendors, Market/Industry sources, consultants, and outside vendors**WORK ENVIRONMENT*** Primarily work indoors in a climate-controlled environment. Operate Office equipment, including personal computer and phone.**MINIMUM QUALIFICATIONS*** 3+ years of proven experience as an Inventory Cost Accountant, Inventory Analyst, or similar role within the retail industry.* Strong understanding of inventory costing methods and inventory management principles.* Proficiency in ERP systems, advanced Excel skills (vlookup, pivot tables), and experience with inventory management software.* Excellent analytical skills with the ability to interpret complex data and identify trends.* Knowledge of retail operations and familiarity with retail industry trends is preferred.Certifications/Training* N/ALicenses* N/A**PREFERRED QUALIFICATIONS*** A detail-oriented approach: Must pay very close attention to details and have the drive to get things right.* High comfort level working in ambiguous, rapidly changing environments and ability to manage multiple projects simultaneously.* Ability to present information and communicate complex ideas clearly and succinctly.* Able to prioritize activities in a multi-tasked environment required.* Regularly provides work that is accurate, thorough and consistent.* Strong analytical skills. Analyzes complex information.* Able to make accurate decisions and solve problems, many of which are complex, with little direction.* Works independently on most assignments. Brings forward ideas for improvement.* Collaborates well with team members and other work associates.* High degree of reliability including accountability for daily, weekly, and long-term projects* Excellent organizational skills and communication skills, both written and verbal.* Ability to interact positively with wide variety of employees at all skill levels.* Excellent customer service skills, with the ability to work through obstacles to achieve a goal.* Possesses a high degree of professionalism, tact, and persistence.* Up to 10% of travel.**EDUCATION*** Bachelor’s degree in Accounting, Finance, or related field, or equivalent experience. CPA or CMA certification is a plus.**PHYSICAL QUALIFICATIONS*** Must be able to perform the following physical activities for described length of time.This role will also receive an annual incentive plan bonus.Benefits for this role may include health insurance, pre-tax spending accounts, retirement benefits, paid time off, short-term and long-term disability, employee stock purchase plan, and life insurance. To review available benefits, please click here: https://www.usfoods.com/careers/benefits.html.#LI-EG1 Compensation depends on relevant experience and/or education, specific skills, function, geographic location, and other factors as applicable by law (for example: state or local minimum wage thresholds). The expected base rate for this role is between$65,000 - $105,000