Inventory and Costing Analyst

POSITION: Inventory and Costing Analyst

LOCATION: Washington, IN

PURPOSE OF POSITION: Manage inventory control in Washington plant to ensure costing is correct, with appropriate process initiatives, and provide regular inventory and costing related reports and analysis to management.

KEY RESPONSIBILITIES:

• Establish and enforce inventory data quality standards, conducting regular audits and assessments
• New part set up and maintenance of bill of materials within Navision
• Order closing and scrap analysis
• Responsible for monthly standard cost roll
• Recommend and initiate improvements to inventory levels and turns
• Maintain accurate inventory and customer information in Navision
• Provide insights and recommendations for inventory turns based on data analysis
• Variance and root cause analysis on inventory reporting to budget
• Inventory error investigation and correction
• Work closely with production to ensure substitutions, scrap rates and orders are being recorded and closed accurately and on-time
• Create, analyze and provide inventory and costing reports in Navision and Excel
• Collaborate with inventory manager and procurement to review standard costing
• Analyze current policies and procedures and make recommendations to improve accuracy and efficiency of inventory management
• Implement policies, objectives and initiatives related to inventory management outlined by Inventory Manager
• Implement inventory tools and systems to track, analyze, audit and report on various inventory items
• Manage and maintain stocking agreement documents and process,
• Conduct regular review of obsolete inventory and make appropriate recommendations
• Ensure timely, accurate and effective data information in financial reports related to operational costs
• Conduct regular cycle counts and review obsolete inventory
• Key team member in annual inventory count
• Provides feedback to operations managers on material costs
• Make all appropriate inventory adjustment entries when necessary
• All other duties as required.

REPORTS TO: Inventory and Costing Manager

SUPERVISES: Not applicable

SKILLS/EXPERIENCE REQUIRED:

• Must have minimum 1-3 years manufacturing environment experience in a costing or inventory control related function,
• Intermediate proficiency in Microsoft Excel and experience with inventory management systems (Pivot table and sumif function knowledge required)
• Excellent computer skills including Microsoft Office
• Previous experience working with an MRP system
• Ability to work under pressure in a deadline driven environment
• Excellent organization, problem solving, communication (oral and written)

REQUIRED EDUCATION/ TRAINING:

• Bachelor’s degree in business, finance/accounting or related field
• Understanding of basic accounting and manufacturing principles
• Knowledge of costing and inventory control principles

PHYSICAL DEMANDS OF JOB:

• Plant/ Office Environment,
• Ability to travel to other facilities as required, which may include international travel requiring a passport,
• No significant material handling will be required, but regular visits to the plant floor and some product counting may be necessary.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee discount
• Flexible schedule
• Health insurance
• Life insurance
• Paid time off
• Retirement plan
• Vision insurance

Work Location: Hybrid remote in Washington, IN 47501