Inventory Cost Analyst

LHH Recruitment Solutions • Contract • New York, New York State, United States • $31 - $35 / hour • 1d ago

LHH Recruitment Solutions is seeking an Inventory Cost Analyst who will be responsible for analyzing and managing inventory costs to ensure accurate financial reporting and effective cost control. This role involves working with the NetSuite ERP system to maintain accurate inventory records, perform cost analysis, and support financial planning and decision-making processes.

Responsibilities:

Maintain and monitor accurate inventory records across all locations using the NetSuite ERP system. Ensure the validity and accuracy of inventory data through regular audits and reconciliations.
Perform detailed cost analysis, including Bill of Materials (BOM) analysis, to ensure accurate tracking of manufacturing costs, overhead expenses, and product margins.
Prepare and present inventory cost reports to management, highlighting key insights and recommendations for cost optimization.
Collect and analyze data related to operational costs, including raw materials, labor, and overhead. Identify cost-saving opportunities and provide actionable insights.
Assist in the development and documentation of policies and procedures related to inventory management and cost accounting within the NetSuite system.
Coordinate and schedule the movement of products in multiple warehousing locations, including shipping, booking, receiving, and monitoring inventory.
Work closely with various departments, including production, inventory control, finance, and logistics, to ensure accurate cost allocation and effective inventory management.
Provide support during internal and external audits by ensuring accurate and timely documentation of inventory costs and related financial data.
Manage monthly reconciliation for each 3PL location and facilitate end-of-year cycle counts at each warehouse.
Order Management: Create, manage, and complete transfer orders within NetSuite and 3PL portals. Communicate order issues and tracking to relevant team members.

Qualifications:

Bachelor’s degree in Accounting, Finance, Supply Chain Management, or a related field.
Minimum of 3-5 years of experience in inventory cost analysis or a similar role within a manufacturing or supply chain environment.
Proficiency in using the NetSuite ERP system for inventory management and cost accounting is required.
Strong analytical and problem-solving skills. Excellent communication and interpersonal skills. Proficiency in Microsoft Excel, including advanced modeling and analytical techniques.

Hours:

9:00am-5:00pm
Monday through Friday

Worksite Type:

Hybrid

Employment Type:

Contract to Hire

At LHH Recruitment Solutions, our colleagues specialize in eight different practice areas including Human Resources. Connect with a Recruitment Specialist today by submitting your resume via the Apply button.

Pay Details: $31.00 to $35.00 per hour

Search managed by: Coral Dunn

Benefit offerings available for our associates include medical, dental, vision, life insurance, short-term disability, additional voluntary benefits, EAP program, commuter benefits and a 401K plan. Our benefit offerings provide employees the flexibility to choose the type of coverage that meets their individual needs. In addition, our associates may be eligible for paid leave including Paid Sick Leave or any other paid leave required by Federal, State, or local law, as well as Holiday pay where applicable.

Equal Opportunity Employer/Veterans/Disabled

To read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to https://www.lhh.com/us/en/candidate-privacy

The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:

The California Fair Chance Act
Los Angeles City Fair Chance Ordinance
Los Angeles County Fair Chance Ordinance for Employers
San Francisco Fair Chance Ordinance

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