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Inventory Accounting Manager 

EOE StatementWe are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.
Division Applied Industrial Technologies  
Location Corporate Headquarters - AIT  
Full-Time/Part-Time Full-Time  
Category Accounting/Finance  


  • Oversight of Company Inventories, including inventory costing, cycle count programs, inventory records, LIFO and supplier support.
  • Leads projects to improve financial systems, processes and procedures with a focus on inventory matters.
  • Assists with inventory balance planning forecasting and budgeting.
  • Maintains inventory related financial control documentation and assists in the execution of the annual Sarbanes-Oxley assessment process.
  • Liaison with product management, inventory asset management, DC and SC management, field operations, field area management, and subsidiary accounting and subsidiaries on matters related to inventory.
  • Carries out policies and procedures as defined in the quality manual.
  • Continuous development through reading, schools, seminars and on-the-job training.


  • Inventory costing- maintains and understanding of and applies current external financial accounting, internal reporting and federal tax rules or practices related to inventory valuation. Models alternative inventory valuation methodologies.
  • Inventory cycle count programs- assists in the development and oversight of DC, SC and other cycle count programs as appropriate.
  • Inventory records- assists in the coordination and oversight of the process to ensure perpetual inventory records are in agreement with the general ledger. Accounting point person for the inter-branch system.
  • LIFO-participates in the review and oversight of LIFO computations.
  • Supplier support- oversees the maintenance of supplier support agreements and monitors compliance with such agreements. Assists product management in budgeting and forecasting supplier support including volume rebates, customer support rebates, price protection, catalog support.
  • Defines issues for continuous improvement projects and develops plans to resolved identified issues, including the lead role on the inventory continuous improvement team.
  • Coordinates forecasts of inventory levels with Inventory Asset Management and Product Management.
  • Prepares excess and obsolete analyses for distribution business. Reviews calculations of subsidiary locations
  • Work with field to resolve discrepancies, reconcile adjustments to accounts, obtain necessary information.
  • Annual 263 (A) Capitalized Warehousing calculation and study
  • Serves as part of a team to execute the annual Sarbanes-Oxley assessment plan for the update of inventory control documentation and testing of internal controls over financial reporting.
  • Perform other duties as assigned or directed.
Position Requirements
  • Bachelor’s degree in business related fields
  • A minimum of 7 years public accounting and/ or industry related work experience; including experience with inventory accounting, project management, Sarbanes-Oxley, and business objects.


  • Active CPA
  • Multi location, multi state experience
  • Working knowledge of SAP

Desired Characteristics

  • Ability to manage multiple complex projects simultaneously while acheiveing deadlines and quality results
  • Problem solving and interpersonal communication skills
  • Leadership skills
  • Ability to facilitate problem resolution
  • Strong analytical skills
About the Organization Applied Industrial Technologies(NYSE: AIT) is a value-added distributor of bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, general maintenance products serving customers in virtually every industry. A $2.5 billion company, AppliedŽ is an industry leader with 90 years of experience, a solid balance sheet, and a clear plan for growth. We've just completed 3 years of record back to back sales and net results!

The Applied network includes 500+ service centers, 9 distribution centers in North America, Australia & New Zealand, 19 fluid power companies creating the world's largest fluid power network and Maintenance Services and Supplies subsidiary that also specializes in inventory management solutions.

We provide engineering, design & systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber & fluid power shop services, maintenance training, and inventory & storeroom management solutions that provide added value to our customers. We offer more than 4 million parts critical to operations of MRO and OEM customers.

Applied's 5,000+ associates are value driven, experienced, knowledgeable associates dedicated to the pursuit of customer satisfaction through innovation, trusted products, expertise, and support. We are passionate about our core values: integrity, respect, customer focus, commitment to excellence, accountability, innovation, continuous improvement, teamwork.
• GI Jobs Magazine - Ranked in the Top 100 Military-Friendly Employers
• Fortune 1000 List of America's Largest Companies 2004-2012
• Selling Power - 3rd best Company to Sell For, 2012 (5th year in a row in the top 50)
• HR Chally Group ' Customer-Rated World Class Sales Winner
• Ranked 15th on Industrial Distribution's Big 50 List of industrial distributors
Other benefits  

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