Inventory Accountant

Role Overview

• Proactively assist with the accounting and monitoring of $300M of Leidos inventory held across dozens of domestic and international locations
• Support the accounting close process, including preparing and recording of Inventory journal entries, performing analysis, and completion of Inventory account reconciliations
• Collaborate with finance and operational stakeholders with the monthly accrual process, ensuring the accruals are sufficiently supported for audit purposes and properly recorded in the ledger
• Respond timely and professionally to the inquiries from finance and other cross-functional teams
• Preparation of Lower Cost Net Realizable Value (LCNRV) analysis
• Review of Excess Inventory and Slow-Moving Inventory Analysis
• Help review and participate in Inventory Counts
• Support Management Test Counts and other Inventory oversight functions
• Support ad hoc requests and projects within Operational Accounting and from other stakeholders, such as finance, internal audit, external audit, government compliance, etc.
• Prepare periodic account reconciliations related to inventory accounts
• Analyze, describe and evaluate certain key account balances and fluctuations
• Support internal/external auditors and the Leidos Strategic Regulatory Compliance team on all inventory questions
• Interface with corporate departments (e.g. FP&A, Corporate Consolidations, Technical Accounting, Intercompany Accounting, Lease Accounting, and Corporate Tax) as needed
• Respond timely and professionally to all ad hoc inventory inquiries
• Ensure compliance with relevant Leidos accounting policies, SOX, FAR and DCAA requirements
• Training our customers and other Leidos teams on Inventory procedures, policy, and best practices
• Monthly close process, including posting entries and closing the Inventory ledger
• Escalate unresolved issues to direct supervisor
• Participate in the identification and implementation of automation opportunities and process improvements, including Robotics Process Automation, to optimize the monthly close process and reduce manual efforts
• Willingness to volunteer and seek out projects and challenges that will help our customers internally and externally, and also help mitigate risks to Leidos

Requirements

• Bachelor's degree in Accounting and 2+ years of experience
• Knowledgeable of basic accounting principles, specifically Generally Accepted Accounting Principles
• Strong computer skills, including proficiency in Microsoft Excel and other Microsoft Office applications
• Adaptable to a flexible work schedule to accommodate additional hours during surge periods to support the accounting close process
• Self-motivated and willing to independently study concepts and policies with the goal of shortening the learning curve
• Experience with accounting software (Costpoint preferred)
• At least 3 years of relevant accounting experience
• Knowledge of internal controls and basic audit procedures
• Prior inventory experience and/or experience with Sarbanes-Oxley requirements preferred
• Familiarity with report writing (sequel) or Power BI Dashboard Development including DAX
• Experience maintaining database records
• Financial reporting experience
• Public accounting experience
• Supervisory experience

Benefits

• Health and Wellness programs
• Income Protection
• Paid Leave
• Retirement