Inventory Accountant Resume Samples

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Inventory Accountants, also known Cost Accountants, handle accounting functions relating to the cost of inventory for a business. Example resumes of Inventory Accountants include such skills as identifying perpetual inventory issues and correcting them through the use of Access queries, and preparing monthly and quarterly variance summary reports that show variances between physical and perpetual inventory in order to support the audit function. Companies hiring Inventory Accountants seek candidates who have a bachelor's degree in accounting and at least two to four years of experience in inventory accounting on their resumes.

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1

Senior Inventory Accountant

Established a standardized warehouse inventory business process to facilitate upper management reporting.

  • Coordinated and led $700 Million of network and handset physical inventory.
  • Reduced $21 Million of accrued Accounts Receivable (A/R) by coordinating efforts across the A/R, logistics, and order
  • Facilitated external and internal audit activities and identified results and key issues.
  • Created journal entries, manual accruals, and other general ledger accounting functions in SAP.
Candidate Info
13
years in
workforce
2
years
at this job
BBA
Management And Marketing
MBA
Management
2

Inventory Accountant

Partnered with Department Managers to coordinate month-end inventory reconciliation-reduced month-end inventory turnaround from four days to a two-day close.

  • Significantly contributed to improving accuracy and accounting processes-instituted effective procedures that sustained consistent and improved paper trail, and developed checking procedure to enhance accountability of transfers for month-end.
  • Instrumental in developing and introducing pallet charge-back program that reduced company costs.
  • Assisted auditors with review of outside warehouses and resolved any discrepancies.
  • Review all purchase orders and invoices for accuracy.
  • Assist in claims for damaged product or any product discrepancies.
Candidate Info
18
years in
workforce
3
years
at this job
BA
Accounting
3

Inventory Accountant

Prepared monthly journal entries to record inventory activity for 45 retail stores and 2 distribution center locations. Reconciled perpetual to general ledger inventory accounts by store on a monthly basis. Prepared various month end reports for management including inventory purchases, on-hand inventory by type, store inventory balances and breakage-in-transit and on location.

  • Reviewed and approved product purchases for payment ensuring correct general ledger coding.
  • Oversaw monitoring and matching of inter-company billing invoices to corresponding work receivers identifying timing differences.
  • Assisted with manual and periodic inventories including preparation, cutoffs, audit of counts and reconciliations.
Candidate Info
10
years in
workforce
5
years
at this job
AAS
Business
4

Inventory Accountant

Managed monthly closing of SAP Material Management accounts (direct material and spare parts) and reconciled related accounts accurately and timely

  • Revamped cycle counting, a control deficiency item in 2013, replacing physical inventory count method in production lines to avoid interfering with manufacturing activities
  • Capitalized purchase price variance, raw material reserves, and conduct lower cost of market (LCM) analysis to properly allocate occurred expenses
  • Initiated system enhancement with cross-functional teams to accurately monitor the usage rate of high cost commodities in production lines and cross screen proper BOM management
  • Provided support to production lines on proper issuance of raw materials to production orders and analyzed usage rate on key commodity goods to capture accurate material consumption cost
Candidate Info
9
years in
workforce
9
months
at this job
BS
International Business
5

Manager Cost and Inventory Accountant

Assumed management responsibility to cost, inventory accounting for apparel designer, manufacturer, with a staff of 3 accountants and 2 clerks.

  • Analyzed standard cost, PPV, including pro forma and FOB invoices, letters of credit, air, ocean and inland freight, US customs duties, insurance charges, commission, brokerage fees and other chargeable cost of good sold.
  • Reviewed purchase price variance of piece goods.
  • Examined invoices for possible charge-backs and prepared mark-up and gross margin reports.
  • Reconciled inventory, int-transit and satellite inventories daily and performed cycle counts.
  • Compiled inventory again report and prepared weekly inventory valuation for management.
  • Conducted annual physical inventory and assisted in year end audit.
Candidate Info
9
years in
workforce
6
years
at this job
BS
Accounting
6

Inventory Accountant

Reconciled inventory and performed weekly trend analysis for cycle counting, to avoid a physical inventory count

  • Analyzed and maintained the integrity of financial and perpetual inventory records to include investigation/resolution of receiving issues, and preparation of records and reports
  • Developed and facilitated a system for duty drawback claims, providing thousands in cost savings
  • Audited internal procedures to improve control
  • Participated in the implementation of PeopleSoft
  • Worked closely with the inventory analysts on projects by providing direction and assistance
Candidate Info
4
years in
workforce
2
years
at this job
BS
Accounting
MBA
Master of Business Administration
7

Buyer/inventory Accountant

Reported to the Accounting Supervisor, responsible for purchasing of finished goods, receiving, inventory management and merchandise returns. Supervised warehouse employees

  • Implemented an inventory monitoring program for next-to-expire merchandise in order to maintain the one- and-a-half year period in advance of expiration date. This system reduced inventory costs and merchandise returns, improved product rotation, and increased customer satisfaction.
  • Prepared monthly sales reports to Glaxo Smithkline headquarters in England.
  • Prepared Vaccine Tax Reports analysis.
  • Performed monthly cycle counts.
  • Prepared next-to-expire products reports.
  • Maintained accounting files according to company retention policy.
Candidate Info
8
years in
workforce
1
month
at this job
BA
Business Administration
MA
Business Administration
8

Inventory Accountant

Managed an inventory in excess of $300,000 for 18 US airport locations containing multiple stores.

  • Compiled and reviewed monthly physical inventory report for valuation and U.O.M.
  • Reconciled inventory receipts to the general ledger monthly.
  • Recorded all journal entries for inventory monthly.
  • Produced cost of goods sold report monthly.
  • Processed and ensured integrity of inventory transfers between airport locations.
  • Coordinated monthly physical inventory establishing cut-off and due dates.
  • Maintained inventory management system for all new locations, product, or vendors.
  • Identified system and procedural problems with the POS system.
Candidate Info
1
year in
workforce
1
year
at this job
AA
Business
BA
Sociology
BS
Accounting
9

Bath and Body Works Inventory Accountant

  • Maintained month-end general ledger accounting of inventory with a normal activity volume between $100 - $500 million dollars.
  • Analyzed expense accounts for inaccurate entries, resulting in savings of more than $100K
  • Assisted external and internal auditors with account analyses and information required to conduct quarterly and annual reviews
Candidate Info
3
years in
workforce
3
years
at this job
BS
Business Administration
MA
Strategy And Leadership
10

Senior Inventory Accountant (consultant)

Created and maintained inventory roll forward spreadsheet. Identified inventory quantity and value. Calculated monthly average cost per unit. Reconciled standard cost and variances. Inputted and maintained manufacturing inventory from chip fab to finished goods in new TenSoft fabless software system. Reviewed and approved manufacturing vendor invoices.

  • Identified over $150,000 of vendor over charges and validated vendor credit memos or supported vendor short pays.
  • Acted as material planner identifying problem areas of excess and insufficient inventory levels.
  • Analyzed and corrected Consolidated Cash Flow Statement
Candidate Info
25
years in
workforce
1
year
at this job
BS
Accounting

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