Senior Inventory and Cost Accountant

Senior Inventory and Cost Accountant

Job Description

Department: Accounting

Job Status: Full Time

FLSA Status: Salary Exempt

Reports To: Fixed Assets and Inventory Finance Manager

Location: The Woodlands, TX

Amount of Travel Required: Minimal

Work Schedule: Monday-Friday 8:00 a.m.-5:00 p.m. (Overtime as needed.)

Positions Supervised: n/a

AIP Level: 7

Position Summary

The Senior Inventory and Cost Accountant is responsible for safeguarding the financial integrity, valuation, and cost management of Beusa’s inventory lifecycle. This role bridges operational inventory control with comprehensive standard cost accounting from raw material receipts, active WIP tracking, and intercompany transfer pricing across affiliates, to final disposition via fixed asset capitalization, R&M consumption, or sales. Operating within Oracle Fusion, you will partner closely with Supply Chain and Operations to establish cost standards, analyze production variances, manage physical inventory, and ensure complete month end financial accuracy.

Essential Functions (The following duties and responsibilities are all essential job functions, as defined by the ADA, except for those that begin with the word "may")

Standard Costing & Variance Analysis

• Standard Cost Maintenance: Lead the setup, maintenance, and annual roll of standard costs across items, routings, and bills of materials (BOMs) in Oracle Fusion.
• Variance Management: Perform monthly analysis of Purchase Price Variances (PPV), WIP material usage variances, yield efficiencies, and direct labor/overhead absorption; partner with Supply Chain, Operations, Receiving, Sourcing, and Item Master teams to validate reconciling items and resolve underlying transaction or master data issues before close and articulate cost drivers clearly to leadership.
• Transfer Pricing & Margin Analysis: Monitor intercompany transfer pricing dynamics and affiliate product flows to ensure accurate cost markups, elimination entries, and profitability tracking.

WIP & Operational Cost Accounting

• WIP & Work Order Governance: Track WIP balances and shop floor progress; partner with Supply Chain to audit work order cost completeness, prevent aging, and execute timely work order closures for month end close.
• Cost of Quality & Overhead Allocation: Track scrap, rework, and inventory "cost of quality"; review cost pools and allocation bases for accuracy against real world operational throughput.

Inventory Valuation & Financial Reporting

• Reconciliations & Roll Forwards: Prepare comprehensive monthly inventory roll forwards, valuation schedules, and detailed balance sheet account reconciliations.
• Excess & Obsolete (E&O) Reserves: Analyze inventory aging and slow moving stock; establish and adjust inventory reserves in accordance with company policy to reflect net realizable value.
• Prepare and post month end journal entries to correct inventory valuation, standard cost variances, overhead allocations, reserve adjustments, intercompany markups, and affiliate eliminations.

Inventory Control, Audit & Compliance

• Count Ownership: Oversee perpetual cycle count programs and physical inventory audits across all warehouses to maintain strict data integrity and location accuracy.
• Partner with Supply Chain, Operations, Receiving, Sourcing, and Item Master teams to validate reconciling items and resolve underlying transaction or master data issues before month end close.
• Data Governance & Close Coordination: Collaborate with Sourcing and Item Master teams on item setup/cost attributes; partner with Receiving and Operations to ensure complete transaction posting prior to close.
• Audit Support: Serve as the primary point of contact for internal and external inventory and cost accounting audit requests.
• Performs other related duties as assigned to assist with successful operations and business continuity.

Position Requirements

• Must be legally authorized to work in the United States without the need for sponsorship.
• Must be at least 18 years of age or older.
• Successfully passes all applicable general pre employment testing including but not limited to background check, pre employment drug screening, pre employment fit tests, pre employment aptitude and/or competency assessment(s).
• Overtime may be required and in person, predictable attendance in The Woodlands, TX 
• Valid U.S. Driver's License required. Most employment is contingent upon meeting company driving standards, including 3 year U.S. driving history and an acceptable Motor Vehicle Record (MVR) in accordance with Company policy.

Education/Experience Level

• Education: Bachelor’s degree in Accounting, Finance, or a related field. An equivalent combination of education, specialized training, and relevant professional experience will be considered in lieu of a formal degree.
• Experience: 5+ years in accounting, finance.

Qualifications, Skills, Competencies, and Abilities

Technical Skills:

• Strong command of full cycle Inventory and Standard Costing method with a proven ability to apply GAAP standards and facilitate audit requests.
• Proven ability to lead by example and influence cross functional collaboration.
• Excellent communication, analytical, and organizational skills.
• Proficiency in Excel (pivot tables, lookups, reconciliations) and ERP systems (Oracle preferred).

Soft Skills:

• Strategic thinker with a problem solving mindset, capable of challenging outdated processes.
• Strong leadership and communication skills to influence and engage stakeholders at all levels.
• Ability to manage multiple complex projects, meeting deadlines in a fast paced, high growth environment.

Physical Requirements/Work Environment

The physical demands and work environment described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Employees are frequently required to walk, sit, climb, bend, reach, and squat or kneel. The employee works primarily indoors and will be sitting for prolonged periods at a desk while typing on a computer, whether in a home office, corporate office, client office, or jobsite. The employee must be able to access and navigate each department at the organization's facilities. When required to visit a wellsite, the work environment may include exposure to hazardous materials, operating conditions, audio levels up to 85 dB, inclement weather, and extreme temperatures (both hot and cold). Given these conditions, employees visiting a pad site are required to wear company mandated and company issued Personal Protective Equipment (PPE), including Category 2 fire retardant coveralls or Category 2 shirt/jeans combination, safety hat, steel toe boots, safety glasses, ear protection, and designated safety gloves according to role. Employees must strictly adhere to all safety policies, including the Companies' Life Saving Rules and procedures at all times. Employees must be able to independently lift 25 lbs.

Work hours may include early morning, late evenings, and weekends, depending on business necessity.

AAP/EEO Statement

The Company is committed to the cause of equal employment opportunity for all employees and applicants, thus abiding by all applicable state and federal laws. Our practices regarding employment, job promotion, compensation, training, and termination do not discriminate on the basis of race, color, religious creed, age, sex, national origin, veteran's status, disability, pregnancy, genetic information, or any other legally protected status. It is expected that all employees, both management and staff, will fully support these nondiscriminatory policies.

The company has reviewed this job description to ensure essential functions and duties have been included. It is not intended to be an exhaustive list of all functions, responsibilities, skills, and abilities.

Last Revised 08/2026.