Inventory Accountant

Sanhua is seeking a highly motivated and detail-oriented Inventory Accountant to join our finance team in an international organization. This role is primarily responsible for managing inventory accounting and intercompany reconciliations for various business units in the U.S., as well as managing accounting operations for our local U.S. manufacturing entities. The ideal candidate will have a strong understanding of inventory processes, intercompany transactions, and U.S. GAAP, with experience in manufacturing accounting and costing activities.

Key Responsibilities:

Inventory Management:

• Maintain and reconcile inventory records across warehouses and multiple business units in the US and Mexico, work closely with operations, supply chain, and warehouse teams to identify discrepancies and resolving issues in a timely manner.
• Conduct regular inventory aging analysis to identify slow-moving, obsolete inventory items. Coordinate with supply chain, production, and sales teams to develop and implement strategies for managing and disposing of slow-moving or obsolete inventory in compliance with company policies.
• Perform costing analysis and support inventory valuation in compliance with accounting policies.
• Organize periodic physical inventory counts and cycle counts, including variance analysis and reporting.
• Support month-end close activities related to inventory and assist with GL reconciliations
• Assist in preparation of budgets and forecasts related to inventory and margins. Provide insights and reports to management on margin analysis and inventory KPIs.

Manufacturing Accounting:

• Perform full-cycle accounting for U.S.-based manufacturing entities, ensuring accuracy and compliance with U.S. GAAP and internal policies.
• Prepare and post journal entries for revenue, expenses, accruals, prepayments, payroll, and other routine and non-routine transactions.
• Manage and reconcile general ledger accounts, including inventory, COGS, AR/AP, and other key balance sheet and P&L accounts.
• Support cost accounting activities, including:
  • Monitoring standard costs and analyzing variances.
  • Reviewing production orders, WIP balances, and cost roll-ups.
  • Ensuring proper allocation of direct and indirect manufacturing costs.
• Maintain and manage fixed asset subledger, including capitalization, depreciation, disposals, and physical verification.
• Coordinate monthly and annual close activities:
  • Ensure timely and accurate closing according to the corporate calendar.
  • Prepare and review balance sheet reconciliations and supporting documentation.
  • Perform analysis and reporting for key accounts and variances.
• Assist in the preparation of internal and external financial reporting packages.
• Liaise with auditors (internal and external) and provide required documents and explanations during audit processes.
• Tax-related accounting activities, including:
  • Reviewing and preparing data for state income tax flings.
  • Preparation and reconciliation of tax accounts, including income tax accruals and deferred tax assets/liabilities.
  • Providing necessary financial data and supporting federal, state, and local tax flings, working closely with external tax advisors or internal tax teams.
  • Ensuring compliance with applicable tax regulations and assisting with tax audits or inquiries when necessary.
• Continuously identify opportunities to streamline accounting processes and improve close efficiency and data accuracy with Automation tool and AI tool.

Other Responsibilities:

• Manage intercompany transactions, ensuring timely and accurate recording across entities.
• Perform monthly intercompany reconciliations and resolve discrepancies in coordination with NA and global finance teams.
• Maintain intercompany agreements and ensure transfer pricing compliance.
• Perform ad-hoc analysis and special projects

Requirements:

• Bachelor’s degree in accounting or finance
• Minimum 7 years of experience in accounting, with a focus on inventory management, cost accounting, General Ledger accounting and digitalization.
• At least 5 years in manufacturing environment.
• Mandarin fluency
• Experience with ERP systems (INFOR and SAP) and proficiency in Excel.
• Knowledge of internal control procedures and best practice
• Strong analytical and problem-solving skills with attention to detail.
• Ability to work independently and in a team environment.
• Strong communication skills, with the ability to work effectively across different cultures and time zones
• Ability to travel as needed based on business requirements, including travel to locations in the U.S. and Mexico.

Preferred Qualifications:

• CPA or CMA certification preferred.
• Chinese Big 4 experience is preferred.
• Experience working in a multinational company is a plus.