Senior Accountant of Inventory

Bio-Reference Laboratories, Inc.

Elmwood Park, New Jersey

Date Posted November 23, 2022
Industry Internal Audit
Specialty Not Specified
Job Status Not Specified
Salary Not Specified


The Senior Inventory Accountant will report to the Senior Manager of Inventory and be responsible for monthly inventory financial reporting as well as an integral participant in improving inventory-related processes. We are looking for a team member who is excited to work with cross-functional partners and add value to the organization.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

  • Oversee the administration of monthly physical inventory counts and analysis for multiple departments/locations.
  • Assist in monthly close process as it pertains to inventory transactions and creating journal entries as deemed necessary for inventory accounting maintenance.
  • Responsible for reconciling general ledger to subledger and variance analysis.
  • Work closely with internal teams to ensure that all inventory transactions flow through successfully, and that the accounting is consistent with system and financial reporting.
  • Partner with Materials Management, Warehouse, and Accounts Payable teams on streamlining shared processes, such as procurement to payment.
  • Prepare audit schedules and respond to audit inquiries.
  • Ensure timely, professional communication, escalation, and resolution of inventory movement transaction issues and requests from internal and external customers.
  • Ensure compliance with policy and procedures relating to all inventory matters.
  • Develop inventory reports and analyses, monitor inventory transactions (e.g.: Receiving, COS, Returns, Shrink), and investigate/resolve issues within the system.
  • Build and test key tools for system development, as well as review proposed changes and assess the impact to inventory processes; develop test scenarios and plans, as necessary.
  • Other duties as assigned.
Education and Experience:
  • Bachelor's degree in Accounting.
  • Minimum three (3) years of inventory accounting experience preferred.
  • Advanced Microsoft Excel skills (pivot tables, VLOOKUPs, formulas, etc.) and the ability to quickly manipulate and analyze large data sets and build reports.
  • Ability to communicate verbally and in writing at a professional level.
  • ERP system experience and systems savvy, highly preferred.
  • Strong analytical skills, research capabilities, and overall business acumen required.
  • Possesses a continuous improvement mindset, with flexibility and ability to adapt to change.
  • Excellent problem solving skills and are driven by creating & implementing change and simplification.
  • Growth Mindset and the ability to work in an ever changing & demanding environment.
  • Advanced knowledge of financial and analytical concepts, practices, and procedures in a healthcare environment is preferred.
  • Highly organized with prioritization skills and the ability to meet tight deadlines.
BioReference is an Equal Opportunity Employer

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled