Inventory Cost Accountant

Job Description

Inventory Cost Accountant | Toshiba America Energy Systems

The Tone:
This is a full-time role at Toshiba America Energy Systems, located in West Allis, WI. Toshiba America Energy Systems Corporation (TAES) provides critical energy industry solutions, offering new equipment, retrofits, maintenance, and outage planning for current and future power generation needs in the Americas, spanning thermal, hydro, and nuclear power plants. This Inventory Cost Accountant position is essential for ensuring accurate financial and business transactions, applying generally accepted accounting principles (GAAP) to inventory and cost accounts. The role supports Toshiba’s unwavering drive to make and do things that lead to a better world, aligning with core values such as doing the right thing, looking for a better way, always considering the impact, and creating together.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person West Allis, WI
• Mission: Own the accurate preparation and maintenance of financial and business transactions, specifically for Inventory and Cost Accounts, applying GAAP.
• Tech Stack: Microsoft Office suite (Excel), ERP / Financial systems (preferably Oracle)

What You’ll Actually Do
• Financial Transactions: Prepare and reconcile monthly journal entries for inventory, accruals, intercompany, parts sales, and cost accounts, applying generally accepted accounting principles (GAAP).
• Cost & Inventory Analysis: Conduct detailed analysis of Parts Cost of Goods Sold and inventory accounts, including inventory valuation (raw materials and finished goods, standard/actual).
• Sales Support & Reporting: Timely issue invoices for the Parts’ Sales Team and participate in the Inventory and COGS close process to ensure accurate accounting and reporting in accordance with US GAAP and company policies.
• Inventory Control: Lead semi-annual physical inventory counts and actively engage in the preparation of inventory excess and obsolescence reserve accruals, while assisting in the improvement of related internal controls.
• Policy & Audit Support: Partner with colleagues to develop, propose, and implement policies and procedures that improve internal controls and efficient resource use, and assist with internal and external audits by providing requested information.

The Must-Haves
• Background: Bachelor’s degree is required, with a strong preference for Accounting or Finance major, demonstrating foundational knowledge of generally accepted accounting principles (GAAP). This is an early career role.
• Experience: 0-2 years of relevant work experience, including practical knowledge of GAAP. Experience examining, analyzing, and interpreting accounting systems, records, and reports.
• Skills: Excellent interpersonal communication and problem-solving skills, strong ability to multi-task and prioritize workload, proficiency with Microsoft Office suite (especially Excel), and an understanding of proper controls regarding inventory.
• Bonus: Experience with ERP / Financial systems (preferably Oracle) is a plus, and CPA or CMA certification is preferred.