37624 | Senior Manager - Revenue and Inventory

Added - 12 hours ago

37624 | Senior Manager - Revenue and Inventory

Accounting/Finance

Oak Brook , Illinois | Direct Hire

Job Description

Our client in the West Suburbsof Chicago is looking for a Senior Manager/Controller specializing in Inventory Controls

Onsite, up to 185K (plus bonus), DOE

Responsibilities:

Revenue Accounting:

• Work with Director of Accounting to maintain policies and procedures for revenue recognition in compliance with ASC 606, ensuring accurate review and interpretation of contracts.
• Oversee the preparation of journal entries related to revenue recognition, ensuring proper accounting for deferred revenue, accrued revenue, and revenue adjustments.

Inventory Accounting: #1

• Oversee the inventory accounting process ensuring the accurate valuation of inventory and the management of costing methodologies (e.g., FIFO, LIFO, or weighted average) in alignment with GAAP.
• Work closely with supply chain and operations teams to ensure accurate inventory data tracking and reporting, including provisions for excess, obsolescence and shrinkage.
• Manage the reconciliation process ensuring that revenue and inventory data are accurately transferred between the systems, especially during month-end close.
• Ensure proper cut-off procedures are followed to ensure transactions are recorded in the correct accounting period in both systems.
• Collaborate with IT and operations teams to troubleshoot and resolve discrepancies between IBS and Oracle, ensuring accurate financial reporting.
• Define and implement key controls between the two systems to ensure smooth data flow, accurate reporting, and regulatory compliance.

Audit:

• Help manage both internal and external audit requests related to revenue and inventory accounting, ensuring that all supporting documentation is complete, accurate, and compliant with auditing standards.

Leadership and Staff Development:

• Lead and mentor the revenue and inventory accounting team, ensuring they have the knowledge and tools to effectively manage revenue recognition and inventory accounting processes.

Qualifications:

• 7+ years of accounting experience with a focus on inventory management, and cost accounting.
• Exp in revenue recognition standards, with a deep understanding of inventory accounting and costing methods.
• Strong ability to resolve system discrepancies and manage complex reconciliations, especially cut-off issues.
• Occasional travel may be required for site visits, cross-functional meetings, or audit coordination.

Benefits:

Full package of health, dental, and vision insurance

401(K)

Paid Time Off (PTO)

Brilliant is an Equal Opportunity Employer and encourages applications from all individuals regardless of race, color, religion, gender, gender identity, sexual orientation, national origin, disability, or veteran status.

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