Inventory Accounting Resume Sample
Sage Moore
3519 Nash Flat,
Boston,
MA
+1 (555) 707 6450
Work Experience
Inventory Accounting Manager
10/2015
-
PRESENT
Philadelphia, PA
- Maintain proper inventory accounting practices to ensure proper presentation of financials
- Ensure standard costs are calculated correctly and maintained in systems
- Provide support for annual budget, monthly forecast and strategic planning process
- Develop and maintain reporting for Inventory to internal and external customers
- Lead efforts related to inventory for year-end and interim external audits
- Provide analysis related to changes in Inventory balance or activity related to Manufacturing Variances
- Perform calculations and analysis to support Inventory reserves such as Obsolescence and Shrink
- Manage and develop subordinates
Inventory Accounting Analyst
08/2012
-
07/2015
Phoenix, AZ
- Prepare and reconcile monthly duty variance report
- Monitor the duty variance and work with the Trade Compliance as needed to adjust duty percentage when warranted
- Prepare monthly Custom’s report and notify Treasury/Finance for cash draw
- Daily monitoring of US custom broker’s statement to ensure receipt of goods and stated purchase price match vendor invoice received
- Pull invoices and receiving paperwork for internal and external annual audits
- Assist with annual standard cost revisions
- Proven follow-through with regards to communication, both professionally and diplomatically and listening skills
Inventory Accounting Intern
04/2006
-
02/2012
Detroit, MI
- Monthly analysis of inventory reserves and determination of revenue recognition timing
- Interact with leadership in Supply Chain, Outlet, Retail and Merchant divisions
- Experience in accounting, finance or related functions
- Responsible for the daily / monthly costing of inventory
- Prepare month-end purchases clearing account entries and in-transit accrual entries
- Monthly reconciliation of inventory purchases clearing account
- Assist with purchase price inventory variance analysis
Education
Globe University / Minnesota School of Business
2000 - 2005
Bachelor's Degree in Accounting
Professional Skills
- Demonstrates strong analytical skills with a track record of solving problems
- Demonstrates strong analytical and accounting skills
- Experience Required: 2+ years of accounting and/or auditing experience with strong working knowledge of Microsoft Office software
- Excellent analytical and problem-solving skills including the ability to think outside of the box and deal with ambiguity
- Strong interpersonal, critical and strategic thinking skills
- Proficiency in Microsoft Office, strong Excel skills required
- Accounting and/or auditing experience with strong working knowledge of Microsoft Office software
How to write Inventory Accounting Resume
Inventory Accounting role is responsible for analytical, accounting, excel, organizational, research, analysis, inventory, word, leadership, access.
To write great resume for inventory accounting job, your resume must include:
- Your contact information
- Work experience
- Education
- Skill listing
Contact Information For Inventory Accounting Resume
The section contact information is important in your inventory accounting resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your:
- First and last name
- Telephone number
Work Experience in Your Inventory Accounting Resume
The section work experience is an essential part of your inventory accounting resume. It’s the one thing the recruiter really cares about and pays the most attention to.
This section, however, is not just a list of your previous inventory accounting responsibilities. It's meant to present you as a wholesome candidate by showcasing your relevant accomplishments and should be tailored specifically to the particular inventory accounting position you're applying to.
The work experience section should be the detailed summary of your latest 3 or 4 positions.
Representative Inventory Accounting resume experience can include:
- Proven organizational skills, analytical skills and research skills
- Strong mathematical skills and organizational skills are required
- Strong analytical and organizational skills and ability to manage multiple priorities
- Excellent leadership skills: proven ability to collaborate with others and drive results in a team and project focused environment
- Additional Knowledge & Skills Required: Intermediate spreadsheet skills
- Highly motivated self-starter who can manage competing priorities effectively
Education on an Inventory Accounting Resume
Make sure to make education a priority on your inventory accounting resume. If you’ve been working for a few years and have a few solid positions to show, put your education after your inventory accounting experience. For example, if you have a Ph.D in Neuroscience and a Master's in the same sphere, just list your Ph.D. Besides the doctorate, Master’s degrees go next, followed by Bachelor’s and finally, Associate’s degree.
Additional details to include:
- School you graduated from
- Major/ minor
- Year of graduation
- Location of school
These are the four additional pieces of information you should mention when listing your education on your resume.
Professional Skills in Inventory Accounting Resume
When listing skills on your inventory accounting resume, remember always to be honest about your level of ability. Include the Skills section after experience.
Present the most important skills in your resume, there's a list of typical inventory accounting skills:
- Accounting experience and demonstrated leadership skills
- Self-motivated with ability to manage competing priorities and multi-task effectively
- Analytical skills necessary for identifying and determining the root cause of inventory variances
- Proven experience in a manufacturing or costing environment, with exposure to inventory
- Experience in accounting or related job experience with a focus in inventory management
- Prior Inventory Accounting experience
List of Typical Experience For an Inventory Accounting Resume
1
Experience For Inventory Accounting Analyst Resume
- Strong analytical and computer skills – Excel, Word and PowerPoint
- Have strong communication skills and the ability to follow up on issues daily
- Strong project management skills with the ability to develop and execute project plans
- Good interpersonal skills with ability to work across all functions of the organization
- Intermediate to advanced level Excel and Access skills required
- Experience in inventory accounting within a retail environment
- Extensive experience providing analysis, advice and direction in support of a business
- Inventory accounting experience
2
Experience For Inventory Accounting Manager Resume
- Working experience preferably in Retail sector
- Demonstrated history of meeting tight deadlines, with a sense of urgency
- Previous experience in an Analyst role
- Ensuring timely and accurate processing of all inventory transactions falling under the remit of the Exton based accounting function
- Providing audit support relating to inventory accounting activity
- Reviewing and approving balance sheet reconciliations
- Working knowledge of Accounting (e.g. GAAP, IFRS)
- Ensuring adherence to Shire’s inventory accounting process
- Help facilitate month end closing, in addition to month-end financial statement analysis and reporting as it relates to costing of inventory
3
Experience For Inventory Accounting Specialist Resume
- Conduct ongoing analysis of inventory, as well as engage in ad-hoc analysis and reporting
- Assist with updating standard costing procedures
- Subject Matter Expert and Steward for Chevron Canada R & M ULC (CCRM) Marketing Inventory accounting
- Responsible for monitoring and reporting vendor funds for Clipless Coupons for the Merchants
- Industry Accounting principles as it relates to managing vendor funds
4
Experience For Inventory Accounting Supervisor Resume
- Manages the inventories, quantity, pricing, costing with all products
- Proficient knowledge of Lands' End Inventory process and working knowledge of CICS systems (POSL, SKIQ, UHST, and PIHD)
- Utilize Lands' End mainframe and PC systems (Outlook, Public Folders, Mobius/VDR/DDrint, Matching, EBS(Accounts Payable & General Ledger), Excel, and Word) efficiently in tasks completion
- Gift Card/ Merchandise Card Processing: Reconcile gift card and merchandise card liabilities and ensure all issuances and redemptions are properly recorded. Ensure the liability in the sub-ledger system agrees with the general ledger
- Store and DC Payroll: Responsible for processing payroll and managing the garnishments process for 20,000 + store and distribution center associates
- Ensuring regular reconciliation of all inventory GL balances to underlying sub-ledgers, and resolution of imbalances to achieve Shire’s thresholds at month end
- Supervising the activities of accounting associates covering processing of transactions, balance sheet reconciliations, and imbalance resolution
5
Experience For Inventory Accounting Lead Resume
- Acting as subject matter expert for any issues relating to the inventory accounting processes
- Provide accounting and financial analysis support for Pharma’s Inbound Transportation model
- Manage and coordinate the activities of the inventory team (10 FTE’s) as well as oversee the professional development of the team to maintain high levels of morale, motivation and productivity
- Knowledge of retail method of accounting
- Provide training to sites with significant overages or shortages to help reduce variance
- Work collaboratively with Accounts Payable Department to fix transactions causing inventory issues
- Identify problems with bill on receipt sites not invoicing customer owned inventory timely
- Reconcile the Non-Stock P lot jobs that cause inventory variances due to timing of payment vs, customer billings
6
Experience For Inventory Accounting Associate Resume
- Monitor, troubleshoot, and resolve any inventory related issues during the month end close process
- Prepare and reconcile accounting entries as required, and perform other miscellaneous tasks as assigned
- Recognized accounting designation or near completion
- Responsible for entering in certain Vendor Funds into Vistex
- Responsible for Monitoring the Salvage Claim account for abnormalities
- Aids in resolving vendor Inquiries on invoices and deductions
- Supports special projects and adhoc reporting as needed
- Prepare and manage annual physical inventory and assist with on-going cycle count program
7
Experience For Lead, Inventory Accounting Resume
- Research, compile, analyze and interpret data related to inventory and the corresponding financial impact
- Aid in resolving inventory related issues encountered by Clubs and Asset Protection
- Support the Clubs, Distribution Centers, and Asset Protection with training related to the inventory process
- Supervise & provide assistance as needed for the following job functions
- Vendor relations for all drop ship vendors concerning discrepancies or unpaid invoices
- Support inventory accounting responsibilities through monthly, quarterly and annual computations and reconciliations
- Update and correct inventory costing
- Prepare corporate LIFO computations, reviewing subsidiary LIFO processes and results, and perform corporate reconciliation
- Prepare and reconcile annual 263 (A) Capitalized Warehousing calculation and study
8
Experience For Retail Inventory Accounting Team Lead Resume
- Work with field to resolve costing discrepancies, reconcile adjustments to accounts, and obtain necessary documentation
- Where the developed processes are manual ensure adequate controls are put in place to meet SOX, US GAAP and all other Reporting standards
- Gather proposals for future improvement of processes including process changes to original design, system development and improved integration
- Update GL with Oracle Inventory accounting transactions
- Provide monthly reporting to assigned business units
- Analyze exceptions thru the matching system on mail order inventory by purchase order to vendor invoices daily, research and resolve discrepancies
9
Experience For Director of Inventory Accounting & Control Resume
- Analyze, verify and process needed transactions on vouchers passed to Accounts Payable system from purchasing system daily
- Daily reporting for clients and Technicolor internal on issues
- Learn new and multiple studios accounts including the implementation of system enhancements
- WIP calculation and proper use of backflushing operations
- Preparation and/or Review of Inventory and Balance Sheet reconciliations and assertions as required by the Corporate accounting group
10
Experience For Team Leader, Inventory Accounting Resume
- Reconcile invoices keyed during the day with the daily check approvals for payments and errors
- Support in calculation and booking of monthly global FIFO and cost absorption accruals
- Review and ensure proper accounting of LCM
- Support annual audit by providing sample support and controls documentation
- Assist with preparation and report out of business financial reporting package
- Work with operational excellence on root cause analyses and resolving inventory control problems
- Work days, evenings and weekends during business critical times
- Process settlements and product inspections using the company database
List of Typical Skills For an Inventory Accounting Resume
1
Skills For Inventory Accounting Analyst Resume
- Accounting experience, preferably inventory or cost accounting related
- Auditing of raw material and finished goods in TWMS
- Strong working knowledge of Excel (including pivot tables, vlookups) required
- Demonstrates proficiency in the use of Excel using Pivot tables
- Experience working for a Fortune 500 / Multi-National Consumer Products company
- Work experience within a National Public Accounting firm
- Previous experience in a Retail setting
- Big Four accounting experience
2
Skills For Inventory Accounting Manager Resume
- 1 – 3 years’ experience in an industrial setting
- Strong desire to support operations with financial decision making (customer service driven)
- Self-starter and enthusiastic learner with demonstrated ability to multi-task and thrive in a high volume, fast-paced and evolving work environment
- Well-organized and detail-oriented with a strong commitment to ensuring deadlines are maintained and achieved
- Experience accounting for inventory transactions
- Experience in executing month end closes
- Experience with applying US GAAP to inventory transactions
- Experience of accounting inventory under both a buy and sell and commissionaire sales model
3
Skills For Inventory Accounting Specialist Resume
- Perform material cost comparisons to budget, standard, and prior month, including trend analysis
- Experience in the field of Inventory and costing activities in a multinational environment
- Multi-task and able to balance competing priorities with deadline as well as
- Strong understanding of, and support for, the Lands' End company values
- Proactive, positive attitude, and flexible to adjust to changing priorities and scheduled hours, to adapt to the business needs
- SAP experience highly desired but not required (FI/CO/MM Modules)
- Management experience
- Experience with ERP and/or Inventory Management systems is required
- Highly analytical and detail oriented, complemented by excellent business acumen and strategic perspective
4
Skills For Inventory Accounting Supervisor Resume
- Ambitious with demonstrated success throughout academic and professional career
- Experienced in US GAAP and SOX compliance environments
- Reviewing Monthly Shrink Results for accuracy and assisting sites with root cause analysis on unusual gains and losses
- Completing Monthly Account Reconciliations and booking month end journal entries
- Assisting with compiling accurate information for internal and external audit requests
- Resolving aged inventory related transactions (Open Receivers, Shipping Discrepancies, DRPs)
- Overseeing Inventory Control on a daily basis, providing backup support as needed
5
Skills For Inventory Accounting Lead Resume
- Processing and assisting with drop ship invoice payments & discrepancy corrections
- Performing financial Inventory reconciliations and booking manual journal entries where required to reconcile differences between 4Pl and Shire book of record
- Supporting sites in the annual physical inventory process
- Working knowledge of MS Access is required
- Understanding of inventory purchase variances
6
Skills For Inventory Accounting Associate Resume
- Documenting inventory policies and procedures
- Working in a team or individually on ad hoc tasks, projects, or analysis as needed to support management
- Processing HHT Inventory Adjustments for stores
- Participating in the monthly/quarterly process to decide and record financial provisions for profit in inventory across European entities
- Replying to ad hoc Inventory queries/emails
- Accounting oversight of fixed assets and software capitalization
- Balancing for large physical inventories and variance resolution
7
Skills For Lead, Inventory Accounting Resume
- Working knowledge of Microsoft Excel software, ERP systems (preferably ORACLE) and 10-key competency
- Auditing of spare parts within SAP
- Managing inventory transactions and standard cost setting within the ERP systems
- Managing inventory analysis of RM, WIP and FG
- Ensuring regular reconciliation of all inventory GL balances to
- Process inventory related invoices in a mainframe matching system including analyzing, batching, and applying account numbers
- Occasional standing/walking, lifting up to 5 pounds (files/binders/papers), bilateral grasping (minimal exertion required)
- Assist with preparation and maintenance of financial reporting and analytical reporting relating to inventory reporting
8
Skills For Retail Inventory Accounting Team Lead Resume
- Provide Technical Trainings and knowledge transfer of JDE, US GAAP accounting, internal policies and procedures to the incoming inventory accounting team
- Responsible for updating and correcting inventory costing in compliance with company’s policy and procedures
- Responsible for assisting with SAP and various other internal systems relating to inventory accounting functionalities
- Maintain an understanding of company’s inventory costing methodology (primarily moving average cost) and how it effects inventory valuation
- Integral team member in maintaining Sarbanes-Oxley control documentation and testing of internal controls over inventory reporting
- Identify issues which impact financial reporting regarding payment or withholding of payments to vendors and review with staff accountant
- Perform audits on Bill of Materials, Production, Shipping, Receiving and transferring processes
9
Skills For Director of Inventory Accounting & Control Resume
- Create and maintain product sales reporting, including contract volumes, contract comparisons, bin reports, and shipping reports
- Knowledge of manufacturing/cost accounting, inventory, accounts payable and general ledger processes
- History of taking initiative with minimal training and/or supervision
- Closely managing the handover and dependency with in country and SSC finance processes that interact within the inventory accounting process
- Continuous development through on-line training, schools, seminars and on-the-job training
- Develop and maintain accounting and process documentation related to the inventory costing process (process flows, narratives, Job Aids, etc.)
10
Skills For Team Leader, Inventory Accounting Resume
- Create new and enhance existing inventory job aids and tools for accurate training for field and corporate personnel
- Work with subsidiaries on various corporate reserve processes and calculations offering training to streamline and improve efficiencies on current processes
- Work with the 4PL project team to understand the business flows and build robust accounting processes to ensure accuracy of accounting
- Maintain and enhance the integrity of client-owned inventories by initiating and analyzing cycle counts
- Ensures the accuracy of the organization’s financial results by recognizing and preventing misrepresentation, concealment, or omission of information
- Knowledge of bookkeeping, accounting (credit, debit), Microsoft Word and Excel
List of Typical Responsibilities For an Inventory Accounting Resume
1
Responsibilities For Inventory Accounting Analyst Resume
- Manage the inventory team (10 FTE’s), ensuring objectives, training needs and development goals are activity pursued to maintain high levels of morale, motivation and productivity
- Communicate effectively with client and internal customers on inventory issues and discrepancies
- Highly analytical skills, keen to details and well organized
- Uses experience and knowledge of line of business and trends to review financials and explain variances
- Ensure correct pricing and incentives (based on inspection data) with respect to contracts
- Code all product payments from processors reconciling this to processor data and inspections
- Invoice processors for storage, utilities, load out, gassing, and other misc. costs (if applicable)
2
Responsibilities For Inventory Accounting Manager Resume
- Develops inventory analysis reports and analyzes variances, including write-offs, cost changes, and margins
- Track, analyze and resolve inventory out of balances
- Responsible for multiple inventory system maintenance, review inventory transactions, inventory transfers and other related inventory activities in the system, report variance and resolve as needed
- Strong communication skills with the ability to work cross functionally
- Effectively plans, organizes and manages resources and tasks
- Management experience with areas related to inventory, sales and gross margin
- Interact with peers and leadership across functions
- Keeps abreast of new technologies, regulations, policies and procedures
- Adheres to schedules, commitments and plans
3
Responsibilities For Inventory Accounting Specialist Resume
- Recognizes potential problems and offers proactive solutions
- Establishes both short and long term plans to meet future goals
- Develop, implement, and monitor all key accounting functions related to inventory transactions, valuation and reserves to ensure the accuracy of the company’s financial statements
- Responsible for ensuring that inventory transactions are compliant with Sarbanes-Oxley (SOX) and GAAP and that controls have been appropriately designed, documented and implemented
- Responsible for managing the month-end and quarter-end close processes with respect to all income statement and balance sheet accounts impacted by inventory including cost of goods sold, in-transit inventory and reconciliation of retail stock ledger to general ledger
4
Responsibilities For Inventory Accounting Supervisor Resume
- Coordinate activities and deliverables pertaining to both internal and external audits of the company’s financial records in regards to inventory and manage the resolution of audit findings
- Provide leadership and development for both the Store and Warehouse Inventory Control Departments by establishing goals, objectives and deadlines that align with over-all company goals
- Oversee the physical inventory and cycle count processes at both Stores and Warehouses, including but not limited to
- Responsible for the accurate and timely accounting and reporting of the Company’s inventory and inventory related functions. Responsibilities include assuring adherence to Generally Accepted Accounting Principles, International Financial Reporting Standards and Cost Accounting Standards
- Ensure accurate and timely review of inventory reconciliation variances
- Review daily activity reports by site at the corporate level for potential site issues that impact inventory balances or have incorrect P&L impact
- Travel to sites and perform internal cycle count and physical inventory audits
- Assist with annual physical inventory requirements as needed
- Review ship order history file to identify extremely large billings, both positive and negative, to customers or between sites, and review for accuracy
5
Responsibilities For Inventory Accounting Lead Resume
- Review inventory deposits and pre-bilings for proper recognition
- Develop monthly reports for treasury, identify cash flow
- Assist in preparation price inventory
- Verify all inventory month end tasks completed – monitoring to ensure all open sales orders are processed, sales have been posted to AR and GL, deferred billing reports have been run, and remove billing blocks for Exchange Partner billings
- Verify inventory reviews are completed and out of tolerance items are investigated, corrective actions taken, and documented
- Continuously reviews and monitors the Inventory reevaluation account for discrepancies
- Reconciles certain Account Reconciliations at Month End
- Implement policies and standards to ensure the data is both acceptable and accurate for all vendor contracts
6
Responsibilities For Inventory Accounting Associate Resume
- Monitor cycle count results and work cross functionally to resolve issues, uncover root causes and suggest corrective action plans
- Provide process enhancements which result in opportunities for cost savings, simplification, or enhancement of business-critical information
- Month-end journal entries and account reconciliations
- Be a point of contact to manage and resolve issues with our third-party inventory service providers
- Attend on-site inventories and provide assistance where needed
- Maintains inventory related financial control documentation and assists in the maintenance of the quarterly and annual Sarbanes-Oxley audit process
7
Responsibilities For Lead, Inventory Accounting Resume
- Assists with the process to ensure perpetual inventory ledgers and subsystems are in agreement with the general ledger
- Prepare the Corporate excess and obsolete (E&O) calculation and reconciliation; review calculations of subsidiary locations to ensure accuracy
- Monitor and compile required documentation for customer owned inventory (WICO), calculate quarterly adjustment and perform the reconciliation
- Prepare monthly/quarterly inventory related journal entries
- Prepare inventory Balance Sheet reconciliations
- Assists with projects to improve financial systems, processes and procedures with a focus on inventory matters
8
Responsibilities For Retail Inventory Accounting Team Lead Resume
- Support processes / system implementation
- Maintain financial functions in Oracle GL and Inventory sub-ledger
- Prepare necessary journal entries for month end close
- Prepare GL analysis, account reconciliations and roll forward schedules
- Perform and explain variance analysis and remediation
- Maintain appropriate level of SOP documentation and work instructions
9
Responsibilities For Director of Inventory Accounting & Control Resume
- Provide support to Internal and External Audit teams
- Perform Monthly General Ledger to perpetual inventory reconciliation
- Perform unit cost trends and analysis
- Perform inventory analysis for operations
- Maintain accurate Excel spreadsheets for vendor payments, agent commissions, freight charges, Customs duty and matched receipt values on cover sheets for FOB shipments
- Create vendor chargeback's and invoices including assigning account number and approving for payment
- Analyze and verify daily control total reports from purchasing matching system
- Analyze, verify and process internal reporting for all Custom Fit and Drop ship programs
10
Responsibilities For Team Leader, Inventory Accounting Resume
- Key player in business changes that impact operational accounting
- Subject matter expert to evaluate and resolve or provide input to resolve all day-to-day inventory related questions with vendors and internal departments
- Maintain and reconcile foreign purchase journals to general ledger transactions
- Prepare and review monthly journal entries and other requests for corrections and/or re-classes, which support the month end close. Maintain account detail schedules as needed for departments
- Reconcile and audit vendor statements; verify to Accounts Payable system and/or internal documentation
- Reconciliation between the inventory Stock Ledger and General Ledger
- Ensure in-transit inventory is properly reported and accounted for
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