Inventory Accountant

Basic Scope/Purpose:  (The job’s primary purpose or contribution to the department or organization.)

 Under the management of the Accounting Manager and working in the Finance function including providing decision support to the Divisional Controller as well as cross functional managers, this position will ensure accurate inventory balance sheet valuation for the PRP US business lines.

This role will focus on driving process changes to ensure standards are updated timely and large variances minimized. This role will work with Procurement, Planning, Engineering, and Operations to update processes and confirm data for cost roll updates on raw materials, components, WIP, and Finished Goods ensuring variance to standard costs including material, labor, and overheads are minimized.

Principal Accountabilities:  (The job’s essential or most important functions and responsibilities.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.)

Inventory variance analysis/Process Improvements:

• Work with the finance team, engineering, operations, and supply chain to identify and correct root causes of inventory variances.
• Assist with the development of processes, reporting, and KPIs to improve inventory accuracy.

Standard Accuracy:

• Develop processes for regular review and verification of standard costs used for balance sheet valuation of inventory including material, labor, and overhead absorption.
• Work with finance team, product management, operations and sales to develop regular communication and change management with regard to standard cost changes and impacts to profitability.

Other Duties:

• Foster an environment of continuous improvement and streamlining of processes and procedures
• Support the integration process for acquisitions by reviewing current processes and aligning them with the base business policies and processes.
• Support various project work, duties, and ad-hoc request across functions as required.
• Backup for other reporting and finance staff duties 
• Support, adhere to, and help maintain strong internal control policies and procedures
• Always maintain and promote Fenner Precision Polymers Values and Behaviors

 Education and/or Relative Experience:  (The level of education and/or experience needed to successfully accomplish the essential duties of this job.)(Also show level of education needed for Career Progression)

·         Bachelor’s degree (B.A.) from four-year college or university; or three to five years related experience preferably in a manufacturing environment; or equivalent combination of education and experience.

 Notice to Staffing Agencies, Placement Services, and Professional Recruiters 

Fenner Precision Polymers has an internal Staffing Department. Recruiters are hereby specifically directed NOT to contact Fenner employees directly in an attempt to present candidates.

Fenner will not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to Fenner, including unsolicited resumes sent to an Fenner mailing address, fax machine or email address, directly to Fenner employees, or to Fenner’s resume database will be considered Fenner property. Fenner will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume. Fenner will consider any candidate for whom a Recruiter has submitted an unsolicited resume to have been referred by the Recruiter free of any charges or fees.

Fenner will not pay a fee to any Recruiter that does not have a signed Fenner contract in place specific to the position for which the resume was submitted.  

Recruiting vendor agreements will only be valid if in writing and signed by Fenner’s Vice President of Human Resources or his or her designee. No other Fenner employee is authorized to bind Fenner to any agreement regarding the placement of candidates by Recruiters. By submitting a candidate to Fenner, recruiters agree to be bound and comply with this policy.