Inventory Cost Accountant

    • Job Tracking ID: 512052-607627
    • Job Location: Plano, TX
    • Level of Education: BA/BS
    • Job Type: Full-Time/Regular
    • Starting Date: ASAP
    • Experience Level.: 5+ years
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Job Description:

About Ribbon:  Ribbon Communications is a company with two decades of leadership in real-time communications. Built on world class technology and intellectual property, the company delivers intelligent, secure, embedded real-time communications for today’s world.

Position Title: Inventory Cost Accountant

Location: Plano, TX

Position Summary:

The mission of this role is to prepare and support the end-to-end Inventory and cost accounting and reporting functions. This position will be expected to participate heavily in period end closing activities and ensure Inventory and COGS are in compliance with authoritative literature and company policies. The position will report to the Manager, Inventory & Cost.

Responsibilities:

  • Perform the end-to-end Inventory and cost accounting and reporting functions by collaborating with the revenue team, contract manufacturers, supply chain management and order management to ensure accurate accounting and reporting for Inventory and COGS.
  • Perform the analysis of the purchase price variance account (PPV).
  • Maintain the standard costs up to date, analyze variations on a monthly basis and perform general update of standard costs based on company policies.
  • Prepare inventory, royalty prepayments, accruals, intercompany, purchase price variance and cost accounts journal entries and reconciliations on a monthly basis.
  • Support the preparation of the warranty and inventory reserve accruals.
  • Participate in the Inventory and COGS close process to ensure timely and accurate accounting and reporting in accordance with GAAP and company policies
  • Prepare and provide quarterly and annual audit support/schedules as requested (internal and external).
  • Perform the opening and closing tasks for accounting periods related to the Inventory and Cost modules in our system.
  • Prepare the vendor royalty accruals and invoices and support the Royalties team with follow-up questions and concerns.
  • Assist in the preparation for any physical inventory counts.
  • Assist the Manager, Inventory & Cost with process improvements relating to reporting and metrics by designing and implementing proactive solutions to worldwide issues on an as-needed basis
  • Assist the Manager, Inventory & Cost and the Accounting/Finance Department in any additional projects as needed.

 

Experience and Skills:

 

Qualifications:

The successful candidate will have experience in inventory and COGS application and methodology with a demonstrated track record of success working in operations for a highly regarded organization. 

  • Working knowledge of inventory methodology and cost accounting application and reporting.
  • Strong understanding of purchased finished goods, BOM and hardware appliances inventory.
  • Proficiency in Hyperion and Oracle (or other fully integrated ERP system) is a plus; advanced skills in Excel are required.
  • Must love challenging opportunities to assist or co-design solutions to perplexing issues that can improve the efficiency and effectiveness of the accounting team.
  • Ability to work in a fast-paced and often ambiguous work environment, in light of the monthly deadlines for financial reporting purposes.
  • Ability to effectively interact and collaborate with other departments.
  • Must be a motivated, with a proactive personality who is able to work independently or with a team.
  • Excellent analytical, written/oral communication and interpersonal skills.

Education/Experience Requirements:

  • Bachelor's degree in Accounting or Finance
  • CPA or MBA is a plus
  • 5+ years of experience in accounting, audit or finance.
  • A minimum of 3 years of finished goods cost accounting, with an emphasis on demonstrable achievement and understanding of inventory and cost accounting application
  • Prior telecom or technology industry experience preferred
  • Oracle experience preferred

Please Note:

'All qualified applicants will receive consideration for employment without regard to race, sex, color, religion, sexual orientation, gender identity, national origin, protected veteran status, or on the basis of disability.'

US Citizens and all other parties authorized to work in the US are encouraged to apply.