Cost Accountant I
 Incora | |
life insurance, parental leave, paid holidays, sick time, 401(k)
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 United States, Texas, Fort Worth | |
 Feb 22, 2025 | |
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Our Incora Story is really taking off - we'd love you to join us for the journey. As the leading supply chain solutions business in the aerospace industry Customers are at the heart of our business. The Inventory Cost Accountant I is responsible for analyzing and accurately reporting the value of Incora's inventory which includes raw materials, parts, work orders and tooling. This position requires continuous monitoring of physical inventory counts, investigating significant variances, ensuring the accuracy of month-end and year-end account balances, daily work order closures, maintaining compliance with accounting and internal control procedures; and providing timely reports to management. Most importantly you will be passionate about our Incora Values and exceeding customer expectations. *CourageTake ownership for issues and problems. *CollaborationShare knowledge and experience with others *Commitment -Focus on ensuring internal and external customer expectations are met in a timely way. What Incora can offer you: An exciting package that includes great salary and benefits you would expect from a growing ambitious company, a chance to work in a first-class brand-new environment but most importantly we will offer you the chance to become part of our Incora story. *We want you to share in the success of Incora, so every employee is eligible for one of our incentive's programs.
So, if you feel you have all of this, and want to be part of developing the Incora Story apply now we can't wait to hear from you We are passionate about Diversity & Inclusion, and we welcome applications from all persons regardless of their age, race, gender, disability, religion/belief, or sexual orientation. About You * Work directly with the internal department representatives to discuss adjustments necessary to accurately state inventory balances * Monitor General Ledger inventory accounts on a daily basis to ensure accuracy of all accounting transactions affecting inventory account balances; ensure all work orders are closed and posted to inventory accounts * Compile data or gather relative reports (i.e., COGS, Inventory transaction reports, purchase orders and shipping receivers, returns and bills of ladings) necessary to conduct inventory cost variance research and analysis * Compare, analyze and pull data to compare "value of units and units of measures used" to inventory reports to request adjustments, as needed * Monitor and ensure daily physical and cycle counts are done in a timely fashion and report results to Management monthly * Perform monthly inventory reconciliations between G/L and perpetual inventory balances * Monitor intercompany variances and perform gross margin analysis and accurate costing of intercompany shipments, as necessary * Maintain files for General Ledger inventory adjusting entry supporting documents in an organized manner * Assist with compiling or locating data for external and internal auditors, as requested * Continually pursue process improvements and offer recommendations to streamline and increase accuracy and efficiency in the areas of inventory data analysis, reporting and management * Perform general administrative and/or accounting-related support duties as assigned or requested To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Essential Competencies * Action Orientated Ability to be self-directed in the essential job duties and offer continuous inventory process or accounting procedure efficiencies which directly contribute to Incora's ability to successfully fulfill business commitments * Business Acumen Maintain knowledge of current and potential policies, practices, trends, technology and information affecting the recording of inventory valuation methods and its importance to the Company's profitability * Communication/Relationship/Liaison Frequently communicate with Finance, Purchasing, Shipping and other Incora business units to discuss inventory status and transactions. Must have the ability to communicate clearly and in a concise manner with all levels of internal customers. * Directing Others Ability to give clear instructions in a respectable and professional manner, thus fostering an atmosphere of teamwork with various Incora personnel * Direction/Received Must have the ability and willingness to accept and successfully fulfill any general accounting, inventory or administrative related assignments designated by management * Discretion/Latitude/Decision Quality Ability to exercise general discretion and decision making for inventory valuation and recording methods in accordance with GAAP. Must be able to determine the best resources and correcting methods for G/L account reconciliations. * Drive for Results Ability to consistently monitor and ensure that daily physical and cycle counts are done in a timely manner and recorded inventory is accurate; as well as offering continuous process improvements * Error Impact Ability to fully comprehend the impact of making errors, erroneous recommendations or failure to complete assignments, resulting in material inaccuracies in inventory values and potential loss of profitability * Knowledge/Methods/Processes Ability to obtain a wide knowledge and understanding of GAAP, inventory control processes and valuation methods * Leadership Skills Ability to effectively lead or monitor inventory projects, as needed, to ensure departmental goals are consistently met * Mathematical Skills Ability to perform general math functions and calculations with proficient use of a calculator * Problem Solving Ability to recognize general to complex errors in general accounting and inventory control transactions, records and procedures; and the ability to research, correct and reconcile any errors or discrepancies * Reasoning Ability Ability to apply job-specific training and common sense understanding to find the best and most reasonable solution to problems involving multiple variables in standardized situations * Systems/Resources Ability to perform the necessary tasks using the Company's mainframe accounting systems, as well as utilize the internal systems and resources as a critical aspect of accessing necessary information and communicating. Systems include Incora U.S. Intra-net system, MS Office Suite and the use of printers, copiers, and in-house telephone systems * Written and Oral Skills Ability to competently write and speak concisely in a variety of communication settings and styles in English Essential Values
Education, Experience and Qualifications * Education Educated to National Vocational Level (NVQ) or equivalent (EU) bachelor's degree in accounting or finance is preferred * Experience Minimum of 2 years accounting experience, preferably, with 1 year of inventory control experience preferred * Qualifications Strong inventory control and valuation knowledge within a product distribution industry- Aerospace industry is preferred Strong liaison and communication skills are required to interact with all levels of the Company Strong knowledge and experience with the use and data entry of large integrated accounting systems and Microsoft Excel, Word and Access software (intermediate level) is required | |