Senior Inventory Accountant

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.
• Administer manufacturer buy-in and intangible asset amortization programs, including Leonardo, Pratt &Whitney, Safran, and Sikorsky agreements.
• 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 environment.
• Working knowledge of U.S. GAAP and IFRS, particularly as they relate to inventory accounting, reserves, valuation, amortization, and cost accounting.
• Experience operating in a global organization with multiple legal entities, international operations, and foreign currency transactions.
• Advanced proficiency in Microsoft Office applications, particularly Excel, including data analysis, reconciliations, and financial modeling.

SKILLS:

• Strong analytical, problem-solving, and investigative skills with the ability to identify, research, and resolve complex accounting discrepancies and reconciliation issues.
• Demonstrated ability to independently manage multiple priorities, meet critical deadlines, and deliver accurate results in a fast-paced environment.
• Strong sense of ownership and accountability, with a proactive approach to resolving issues and driving process improvements.
• Effective communication skills with the ability to clearly articulate financial information, summarize findings, and present recommendations to management and cross-functional stakeholders.
• Ability to build productive working relationships across Finance, Supply Chain, Maintenance, Operations, and external business partners.
• Collaborative team player with a willingness to support cross-training initiatives and provide coverage for team members as needed.
• Strong organizational skills with the ability to prioritize competing demands while maintaining attention to detail and accuracy.
• Professional and approachable demeanor with the ability to work effectively with both internal and external stakeholders.
• Demonstrated ability to identify risks, escalate issues appropriately, and recommend practical solutions.
• Commitment to continuous improvement, internal controls, compliance, and financial reporting excellence.