Inventory Accountant at Packet Digital in Fargo, ND, USA

Job description

• Packet Digital is seeking a highly analytical, detail-oriented, and collaborative Inventory Accountant to join our growing Finance team. This position plays a critical role in maintaining accurate inventory accounting, supporting financial reporting, and ensuring strong inventory controls throughout the organization.
• Beyond inventory accounting, this role serves as a key backup for essential finance functions including payroll accounting, budgeting, and forecasting. The ideal candidate is a proactive problem solver who enjoys improving processes, driving efficiencies, and contributing to continuous improvement initiatives across the finance organization.
• If you enjoy working cross-functionally, leveraging technology to improve processes, and making a meaningful impact on operational and financial performance, we'd love to hear from you.
• Job Type
• Full-Time

Responsibilities

• Inventory & Cost Accounting
• Maintain accurate inventory records and ensure compliance with accounting policies and procedures.
• Perform monthly inventory reconciliations and investigate discrepancies.
• Analyze inventory transactions, reserves, adjustments, and obsolescence.
• Monitor inventory valuation and cost accounting activities for accuracy and consistency.
• Prepare and post inventory-related journal entries.
• Complete account reconciliations related to inventory balances.
• Support month-end, quarter-end, and year-end close processes.
• Assist with physical inventory counts and cycle count programs.
• Partner with Operations, Purchasing, and Supply Chain teams to improve inventory controls and data accuracy.
• Support internal and external audit requests by providing inventory-related documentation.
• Financial Reporting & Analysis
• Prepare financial reports and analyses related to inventory, costs, gross margins, and operational performance.
• Investigate and explain financial variances.
• Support management reporting with accurate and timely financial information.
• Perform ad hoc analyses and participate in special projects.
• Payroll Accounting Support
• Serve as a backup for payroll accounting functions.
• Prepare payroll-related journal entries and reconciliations as needed.
• Support payroll accruals, employee benefits accounting, and payroll reporting activities.
• Assist with payroll audits and compliance requirements.
• Maintain documentation to ensure continuity of critical payroll processes.
• Budgeting & Forecasting
• Assist with annual budgeting and periodic forecasting activities.
• Prepare budget-to-actual and forecast-to-actual analyses.
• Collaborate with department leaders to gather and validate financial information.
• Support financial planning and management reporting initiatives.
• Help improve forecasting accuracy and reporting effectiveness.
• Process Improvement & Operational Excellence
• Identify opportunities to improve efficiency, accuracy, and scalability across accounting and finance operations.
• Evaluate existing workflows and recommend automation opportunities.
• Strengthen internal controls and standardize accounting procedures.
• Support ERP enhancements and technology initiatives.
• Develop and maintain process documentation, training resources, and cross-training materials.
• Participate in continuous improvement projects that drive productivity and operational excellence.
• Contribute to a collaborative, team-oriented culture by sharing knowledge and best practices.

Requirements

• Bachelor's degree in Accounting, Finance, or a related field.
• 10+ years of accounting experience.
• Strong knowledge of GAAP and accounting principles.
• Advanced Microsoft Excel skills.
• Experience working with ERP systems.
• Strong analytical, problem-solving, and organizational abilities.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Excellent written and verbal communication skills.
• Experience with payroll accounting and reconciliations.
• Experience supporting budgeting and forecasting processes.
• Experience with financial reporting and business intelligence tools.
• Exceptional attention to detail and commitment to accuracy.
• Strong analytical and critical-thinking skills.
• Continuous improvement mindset.
• Ability to identify challenges and develop practical solutions.
• Collaborative team player who supports cross-functional initiatives.
• Strong organizational and time-management abilities.
• Professional judgment and discretion when handling confidential information.
• Adaptability and willingness to learn new systems and processes.

Skills

Required

• Advanced Microsoft Excel skills.
• Experience working with ERP systems.

Benefits

• At Packet Digital, you'll have the opportunity to contribute to both operational and financial success while expanding your expertise across multiple areas of accounting and finance. This role offers exposure to:
• Inventory and cost accounting
• Financial reporting and analysis
• Payroll accounting
• Budgeting and forecasting
• Process improvement initiatives
• ERP and technology enhancement projects
• You'll join a collaborative team committed to continuous improvement, innovation, and operational excellence while making a meaningful impact on the organization's growth and success.