Manager, Corporate Accounting - Inventory Product Costing

Medline; Chicago (IL); On-site; USD 101,000 - 152,000; Full time

Benefits offered by this job

Health insurance

401(k) contributions

Paid time off

Job summary

Medline is seeking a Senior Manager of Corporate Inventory and Product Costing Accounting in Chicago to lead and develop the team responsible for inventory accounting, costing, and reporting. You will oversee closing journal entries, reconciliations, and end-to-end inventory reporting within US GAAP.

You will drive process improvements, system enablement, and internal controls, mentoring staff and coordinating with FP&A, auditors, and leadership.

Qualifications

• Bachelor’s degree required.
• At least 5 years of accounting experience.
• Advanced Excel skills demonstrated.

Responsibilities

• Lead inventory and product costing accounting in GAAP framework.
• Prepare/approve monthly close data, journal entries, and reconciliations for inventory accounting.
• Analyze financial results and recommend process improvements in inventory reporting.

Skills

Advanced Excel

Staff coaching

GAAP knowledge

Financial analysis

Education

Bachelor's degree

CPA or CMA (preferred)

Tools

SAP

Oracle

AS400

Job description

Job Summary Lead and develop the Corporate Inventory and Product Costing Accounting team. Process closing journal entries and account reconciliations ensuring US GAAP compliance; own inventory reporting from end to end. Lead process improvements in inventory reporting and accounting as well as for internal controls and enablement/utilization of financial systems/ERP accounting and reporting.

Job Responsibilities:

• Manage the company’s inventory and product costing accounting, ensuring compliance with GAAP.
• Prepare and/or approve monthly close data, journal entries, and account reconciliation for inventory accounting/reporting.
• Analyze financials, interpret results and recommend a plan of action to improve the accounting process.
• Provide direct support to the business in assisting with understanding of complex inventory valuation mechanics.
• Lead large-scale projects (ex. Standard costing modernization, inventory policy updates, system enablement/enhancements).
• Support internal financial close and external financial reporting.
• Advise on the onboarding of new entities from an inventory standpoint; Support new business initiatives, system integrations, and other major change management impacting inventory accounting and related systems.
• Represent Medline interests to internal and external parties (ex. CFO and divisional leadership interactions, FP&A partners, and presentations for leadership, sponsors, lenders, tax authorities, auditors, and other stakeholders).
• Assist with bridges for management to GAAP reporting for inventory.
• Provide inputs for variance capitalization for forecasting purposes.
• Perform other ad hoc reporting, requests, and process improvements as needed for inventory accounting.
• Provide other supporting schedules as needed for tax or audit purposes.

Minimum Job Requirements:

• Education: Bachelor’s degree.
• Work Experience: At least 5 years of accounting experience.
• Knowledge / Skills / Abilities: Experience applying advanced knowledge level of accounting practices and systems.
• Advanced level skill in Microsoft Excel (for example: using AVERAGE function, merging and centering cells, printing centered page and/or creating a pivot table).
• Experience coaching, mentoring, and training staff.

Preferred Job Qualifications:

• Education: Bachelor's degree in Accounting or Finance.
• Master’s degree in Accounting.
• Certification / Licensure: CPA or CMA.
• Work Experience: At least 3 years focused on inventory accounting.
• Knowledge / Skills / Abilities: Experience working in inventory accounting within an ERP system (e.g., SAP, Oracle, AS400).
• SAP, AS400, and Oracle experience strongly preferred.
• Experience at a large, global manufacturer or distribution company, with significant inventory balances and high turnover.
• Strong knowledge of inventory processes and controls.
• Experience leading change management.
• Experience leading projects.

Medline Industries, LP, and its subsidiaries, offer a competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.

The anticipated salary range for this position: $101,000.00 - $152,000.00 Annual The actual salary will vary based on applicant’s location, education, experience, skills, and abilities. This role is bonus and/or incentive eligible. Medline will not pay less than the applicable minimum wage or salary threshold.

• Our benefit package includes health insurance, life and disability, 401(k) contributions, paid time off, etc., for employees working 30 or more hours per week on average.
• For roles where employees work less than 30 hours per week, benefits include 401(k) contributions, paid time off, as well as access to the Employee Assistance Program, Employee Resource Groups and the Employee Service Corp.

We’re dedicated to creating a Medline where everyone feels they belong and can grow their career. We strive to do this by seeking diversity in all forms, acting inclusively, and ensuring that people have tools and resources to perform at their best.

Medline Industries, LP is an equal opportunity employer.

Medline evaluates qualified individuals without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, age, disability, neurodivergence, protected veteran status, marital or family status, caregiver responsibilities, genetic information, or any other characteristic protected by applicable federal, state, or local laws.

Through our culture of belonging, our agile and resilient global team is determined to get our customers exactly what they need, at the right time, every time.

If you’re a self-starter, eager to grow your career within a high-performing environment, this is the place for you.

Medline is the largest provider of medical-surgical products and supply chain solutions serving all points of care. Through its broad product portfolio, resilient supply chain and leading clinical solutions, Medline helps healthcare providers improve their clinical, financial and operational outcomes. Headquartered in Northfield, Illinois, the company employs more than 43,000 people worldwide and operates in more than 100 countries and territories.