Sr Inventory Analyst at Daniels Manufacturing Corporation – Orlando, Florida

As we continue to grow, Daniels Manufacturing Corporation (DMC) is seeking a detailed-oriented and organized Sr. Inventory Analyst to join our enterprise-wide accounting team. This position will play a crucial role in analyzing, reporting, and controlling costs associated with manufacturing operations with multiple entities and locations. This position will also collaborate closely with cross-functional teams to ensure accurate financial reporting, budget management and cost analysis.

This position is a US based (Orlando, FL), work in-office role (8am-5pm Eastern time).

Essential Job Functions & Responsibilities

Cost Accounting

• Develop cost analysis and gross margin reports for management
• Review Infor Syteline job cost variance reports for potential efficiency gaps and/or material variances
• Support entities in reaching financial KPIs and strategic objectives
• Participate in cross functional meetings to address procedural and/or control issues pertaining to inventory movements and adjustments
• Analyze manufacturing costs of Raw Materials, Labor and Overhead, to identify trends, variances, and areas for improvement at all entities
• Monitor inventory shrink, scrap, and obsolescence and provide monthly summaries to senior management
• Prepare productivity KPI reports by manufacturing work center
• Track all direct and indirect labor hours by manufacturing job and work center
• Collaborate with engineering and production teams to update Bills of Material as required
• Review and audit all CEA (Capital Expenditure Authorizations) submissions for profit-improving

Projects

• Support engineering department for all cost savings and cost reduction projects
• Review outside processing expenses tied to jobs and report variances from expected purchase order approved amounts
• Assist with annual overhead rate calculation

Inventory Management

• Monitor inventory levels and valuation, ensuring accuracy and adherence to accounting standards
• Assist in reconciling physical inventory counts with system records and investigate discrepancies
• Monitor daily inventory cycle counts and address inventory items that are out of compliance
• Work closely with Inventory Manager and manage Cycle Count ABC codes in Infor Syteline
• Work closely with procurement and manufacturing to optimize inventory turnover and days of supply
• Analyze and reconcile off-site inventory for Amazon and off-site warehouse
• Support annual physical inventory for DMC manufacturing operations
• Help maintain Infor Syteline data fields for inventory adjustment reason codes

Financial Planning and Budgeting

• Assist in the preparation of budgets and forecasts related to cost of goods sold and manufacturing expenses (variable / fixed)
• Provide support for all planned and forecasted direct and indirect labor hours by work center
• Compile and provide support for all projected CAPEX for budgets and forecasts
• Develop metrics for forecasted and budgeted inventory shrink, scrap, and obsolescence

General Accounting and Ad-Hoc

• Prepare all monthly journal entries relating to inventory reconciliation and cost analysis
• Reconcile inventory general ledger control accounts to inventory subsidiary ledger (Raw Materials, WIP, and Finished Goods)
• Manage and maintain fixed assets and monthly depreciation schedules
• Provide support for Monthly Business Review relating to inventory metrics
• Assist with other balance sheet account reconciliations as assigned
• Assist with annual audit for all inventory reconciliations

• Bachelor’s degree in accounting, finance, or related field required
• Minimum of 5-7 years of experience in a manufacturing environment , with focus on cost accounting
• Proficiency in financial modeling and analysis
• Experience with ERP systems and accounting software (Infor Syteline, Oracle, SAP, MS D365, MS Excel)
• Excellent communication and interpersonal skills
• Ability to work independently and collaborate effectively with cross-functional departments
• Strong analytical and problem-solving skills
• Attention to detail and accuracy

Management reserves the right to assign or reassign duties and responsibilities to this job at any time.

EOE, including disability/vets