Job Description:
The Senior Inventory Accountant – ensures the integrity, completeness, and accuracy of accounting information, recording, verifying, consolidating, and entering transactions in the Subledgers & General Ledger. This role supports the monthly close process through the preparation of journal entries, account reconciliations, financial analysis, and cross-functional coordination to ensure accurate inventory valuation, cost accounting, and financial reporting while maintaining strong internal controls. The ideal candidate is a highly analytical accounting professional who thrives in a global environment, takes ownership of complex inventory and maintenance accounting processes, and partners effectively across functions to ensure accurate financial reporting, strong
internal controls, and timely month-end close execution.
PRINCIPAL RESPONSIBILITIES:
Lead monthly inventory and maintenance accounting close activities, ensuring accurate and timely financial reporting.
Manage inventory reserve accounting, including reserve analysis, amortization, excess and obsolete inventory reviews, and supporting management documentation.
Prepare and review journal entries related to inventory, maintenance, consignment inventory, repairable, accruals, intercompany transactions, and amortization activities.
Manage Power-by-the-Hour (PBH) accounting activities, including accrual calculations, provisions, invoice reconciliation, contract minimum tracking, flight-hour analysis, and vendor agreement accounting.
Review inventory valuation, direct material consumption (DMC), core charges, price differences, stock transfer orders, repairables, supplier suspense accounts, and inventory aging to ensure accurate account balances.
Perform inventory, maintenance, and supply chain account reconciliations and investigate variances, discrepancies, and unusual transactions.
Coordinate and review inventory reserve analysis, including quarterly excess and obsolete inventory assessments with Finance and Supply Chain leadership.
Oversee consignment inventory accounting, including usage reporting, accruals, rebills, fee calculations, reconciliations, and vendor settlements.
Perform RAMCO and ERP system interface reconciliations and tie-outs, ensuring completeness and accuracy of inventory and maintenance transactions across systems.
Review and clear GR/IR balances, intercompany transactions, currency clearing accounts, and other balance sheet reconciling items.
Prepare inventory location reporting, inventory analysis reports, inventory adjustments, and scrap accounting transactions.
Manage tooling, capital inventory, pre-operating costs, and asset retirement activities to ensure proper accounting treatment and compliance with accounting policies.
Coordinate operating company billings, maintenance expense allocations, inventory recharges, and intercompany settlements.
Perform monthly balance sheet and income statement analysis and provide management commentary explaining key financial results and variances.
Support external and internal audit requests by preparing supporting schedules, reconciliations, analysis, and documentation.
Drive continuous process improvements related to inventory accounting, maintenance accounting, system integrations, financial controls, and reporting efficiencies.
Partner with Supply Chain, Operations, Maintenance, Procurement, Tax, and Finance teams to ensure accurate accounting treatment and compliance with company policies and accounting standards.
EXPERIENCE:
Bachelor’s degree in Accounting, Finance, or a related field.
Minimum of 6 years of progressive accounting experience, preferably within the aviation, aerospace, maintenance, supply chain, energy services, or other asset-intensive industries.
Strong General Ledger accounting experience within an ERP environment, with SAP and Dynamics 360 experience preferred.
Experience accounting for inventory, maintenance, and supply chain transactions in a complex business…