Inventory Accounting Manager at Arnold Motor Supply – Spencer, Iowa

For almost 100 years, Arnold Motor Supply has been a leading distributor and retailer of automotive replacement parts, accessories, and equipment with 80 locations across the Midwest. We are recognized as a Top Workplace year after year because we keep it simple – our employees and customers are the most important part of everything we do.

• We have a work environment in which “team” matters; we are driven to accomplish what needs done, individually and together.
• We care about each other and want to ensure that everyone has an opportunity to grow and develop.

Key Responsibilities

• Lead accounting best practices for the ongoing and active management of approximately $40 million in annual inventory purchasing.
• Collaborate closely with Distribution and Product management to develop, implement and manage highly effective inventory management and purchasing processes and procedures.
• Ensure appropriate metrics are in place and accurately reported to support effective decision making for related functions within Distribution and Product teams.

Job Tasks and Responsibilities

• Play lead role in establishing and managing accounting functions related to company inventory and purchasing.
• With VP of Distribution, spearhead physical inventory processes and procedures.
• Develop and implement Standard Operating Procedures for functional areas and maintain strong internal controls over inventory transactions and reporting.
• Approve stock invoices and changeover credits.
• Manage inventory accounting processes, including valuation, reserves, adjustments, and reconciliations to ensure inventory transaction in accordance with GAAP and company policy.
• Manage purchasing compliance with Alliance protocols.
• Manage operations to ensure compliance with cycle counting and reconciliation procedures.
• Investigate inventory discrepancies and implement corrective actions.

• 5+ years of progressive accounting experience, with strong focus on inventory accounting, cost accounting, or distribution environments.
• Strong knowledge of GAAP and inventory valuation methods (FIFO, LIFO, weighted average).
• Ability to partner cross-functionally with operations and finance leadership.
• Strong communication and organizational skills.
• Detail-oriented with high level of accuracy and accountability.
• Experience in warehouse, manufacturing, or multi-location distribution strongly preferred.