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Inventory Accountant - US GAAP ECommerce (100% REMOTE)

Chicago, IL, United States

Inventory Accountant

Responsibilities:

● Prepare monthly journal entries for COGS, inventory movement, inventory adjustment and any other

related inventory chart of accounts.

● Reconciling inventory accounts to the general ledger.

● Maintain and review the general ledger and reconcile balance sheets.

● Ensure inventory ending balance matches between the warehouse management system and the

accounting system monthly.

● Manage inventory flow reports on a weekly basis to investigate and correct discrepancies in reported

quantities and locations of all inventories on hand.

● Developing inventory analysis reports and analyzing variances.

● Assess inventory output on a daily, weekly, or monthly basis to identify trends in productivity.

● Create Purchase Order (PO) for the vendors according to requisition form submitted by the Inventory

Manager.

● Manage inventory AP accounts in both QBO online and Bill.com to ensure on time payment and

accurate booking between vendor invoices and POs.

● Work with the logistic team to reconcile open PO on a weekly basis between vendors and warehouse.

● Establish trusted relationships with suppliers to ensure quality service and cost-effective deals.

● Analyze costs of raw materials, freight, and R&D to create cost-benefit analyses.

● Ad-Hoc projects as required.

Requirements:

● Bachelor’s degree in Finance or Accounting preferred.

● Minimum of 2-3 years of relevant work experience, preferably in the e-commerce industry

● Knowledge of GAAP

● Working knowledge of Bill.com & QBO (or similar accounting software)

● Working knowledge of Financial Statement, and Cost of Goods Sold Reconciliation

● Strong attention to detail and a process-oriented mindset

● Excellent organization as well as written and oral skills

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