Inventory Accountant
To Apply, please visit: http://hire.jobvite.com/j/?bj=ogALVfwg&s=KITList
Panasas, Inc., the leader in high-performance parallel storage for business-critical applications, enables customers to rapidly solve complex computing problems, speed innovation and accelerate new product introduction. Addressing the Big Data market, all Panasas storage products leverage the patented PanFS™ storage operating system to deliver superior performance, data protection, scalability and manageability. The company's global reach extends to 50 countries with a diverse line-up of fortune 500 companies in key verticals including life sciences, finance, oil and gas, government, research, manufacturing and aeronautics.
Building on five consecutive years of uninterrupted revenue growth the company achieved record revenue in 2010, increasing by more than 40 percent for the year. (http://www.panasas.com/company/pressreleases/pr-02-08-2011.php)
Panasas has a culture where bright, dedicated people can flourish with the opportunity to shape an industry.
To learn more, please visit us at www.panasas.com
Summary
The Inventory Accountant will manage the daily inventory accounting function and will work closely with the Accounting Manager to prepare accurate financial statements, meet compliance requirements and prepare the company for growth. Additionally, he/she will be responsible for working with business partners to evaluate, document, and improve systems, operations and accounting flows for all inventory-related processes.
Responsibilities
• Manage the monthly financial close process for inventory based on the close schedule to ensure that financial statements are complete, accurate and timely including determining and documenting all inventory reserves Identify and highlight significant and / or material accounting issues to the Accounting Manager, as soon as possible
• Prepare all inventory related information for financial statements (P&Ls, Balance Sheets, Statement of Cash Flows, ROI) and all other reports required by management
• Prepare schedules for external audit and interface with external auditors
• Provide information to business partners (Financial Planning and Analysis, Operations, Sales, Marketing, Service)
• Determine better processes for inventory reconciliations to ensure accurate statement of Company P&L.
• Contribute to the development and enhancement of inventory control policies
• Work with Accounting staff to develop and maintain standardized desk procedures, reconciliation formats and documentation for all areas of responsibility
• Work with the Accounting Manager to design and manage a strong control environment
• Provide technical and compliance guidance on business issues, such as revenue recognition, reporting requirements, inventory ownership flow, etc.
• Work with groups across the company to ensure proactive communications and foster a collaborative work environment
• Provide technical guidance on issues with accounting or financial impacts
• Track multiple projects in various stages providing visibility of project status to team and management.
• Escalate issues or competing priorities immediately in order to keep projects on track and to manage expectations
Experience / Qualifications
• 4-6 years of salaried management or equivalent experience in inventory management and control
• Technical and comprehensive knowledge of all inventory accounting functional areas including cost methodologies
• Solid understanding of basic inventory-related operational and control requirements
• Thorough knowledge of US GAAP
• Solid spreadsheet and database skills
• Ability to adapt to and contribute to organizational change in a fast changing business environment
• Maintain high-quality accounting practices and a strong controls environment
• Ability to work on and complete complex tasks with minimal or no supervision
• Ability to prioritize and balance multiple projects
• Ability to work within and contribute to a team
• Strong ability to diplomatically resolve conflicts constructively with little, if any, input from manager
• Excellent communication skills
• Ability to take a high degree of ownership in assigned areas of responsibilities Independent nature with an analytical mindset and multi-tasking skills
• Resourceful, tenacious and conceptual
• Creative problem solver who can identify sources of information from disparate sources and deliver comprehensive, balanced and actionable analyses
• Ability to identify dependencies and risks, and then develops and implements solutions
• Bachelor's degree in Accounting or Finance required
To Apply, please visit: http://hire.jobvite.com/j/?bj=ogALVfwg&s=KITList
Panasas offers a competitive compensation and benefits package with pre-IPO stock. Equal Opportunity Employer.
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