Inventory Analyst
Location: Memphis, TN
Job Type: Contract
Company: IDR
Category: Accounting / Finance
Job Description Apply Now
The Inventory Analyst plays a key role in supporting financial operations and decision-making for inventory management. This position is focused on delivering comprehensive financial oversight, conducting in-depth analyses, and developing actionable insights to drive inventory efficiency and optimization. As an Inventory Analyst, you will partner with cross-functional teams to ensure the accuracy and integrity of inventory data, contributing directly to the company’s financial health and operational performance. This full-time role offers the chance to join a reputable organization known for its supportive, team-oriented environment. If you are passionate about inventory finance and eager to make a meaningful impact, we encourage you to apply by clicking the job application button.
Inventory Analyst - SummaryThe Inventory Analyst is responsible for financial analysis and reporting of inventory-related activities within the organization. The position requires strong analytical skills, advanced proficiency with Excel and Power BI, and the ability to work closely with Supply Chain, Procurement, and Accounting teams. The ideal candidate will support monthly and quarterly close processes, analyze inventory trends, and contribute to the budgeting and forecasting of inventory accounts, ensuring accurate and timely data for management decision-making.
Duties & Responsibilities- Support monthly and quarterly financial close activities, with a particular focus on inventory reconciliations, reporting, and variance analysis.
- Conduct detailed analyses of inventory trends, movements, and valuation adjustments, including the assessment of provisions and reserves.
- Develop, enhance, and maintain advanced Excel models and Power BI dashboards to facilitate improved management reporting and performance tracking.
- Collaborate with internal stakeholders, including Supply Chain, Procurement, and Accounting teams, to provide insights into inventory drivers and working capital impacts.
- Assist in the budgeting and forecasting processes for inventory and related balance sheet accounts, helping to drive informed business decisions.
- Ensure accuracy and integrity in all financial reporting related to inventory, maintaining a high level of attention to detail.
- Contribute to process improvement initiatives to streamline inventory financial analysis and reporting workflows.
- Competitive compensation package commensurate with experience and market standards.
- Comprehensive benefits including medical, vision, and dental insurance.
- Employee Stock Ownership Program for long-term financial growth.
- Access to industry-leading resources and ongoing professional development.
- Supportive, close-knit, and team-oriented company culture.
- Recognition as an award-winning staffing organization with a proven track record of success.
- Associate’s or Bachelor’s degree in Finance, Accounting, Business, Economics, or a related field required.
- Minimum of 1 year of relevant experience in inventory financial analysis, FP&A, or supply chain finance.
- Advanced proficiency in Microsoft Excel, including Pivot Tables, XLOOKUP, and INDEX/MATCH functions.
- Experience utilizing Power BI for data visualization and management reporting.
- Strong analytical and problem-solving skills, with a focus on accuracy and attention to detail in financial reporting.
- Ability to work collaboratively across various departments and communicate findings effectively.
- Detail-oriented and highly analytical individual with a passion for inventory management and financial analysis.
- Proven ability to develop and maintain sophisticated Excel models and data dashboards.
- Demonstrated success working cross-functionally with Supply Chain, Procurement, and Accounting teams.
- Self-motivated, proactive, and eager to contribute to organizational success.
- Strong communication and interpersonal skills, with a commitment to continuous improvement.
- Experience in a fast-paced, team-oriented work environment is beneficial.
- Excellent opportunity for career advancement in a reputable, industry-leading organization.
- The Inventory Analyst role offers exposure to a wide variety of business functions and the chance to make a direct impact on inventory financial performance.
- Employees are provided with opportunities for training and professional growth within the company.
- The organization is recognized for its strong commitment to employee well-being and positive workplace culture.
- Located in a vibrant city that offers a supportive business community and diverse opportunities for professional development.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. IDR is subject to certain governmental recordkeeping and reporting requirements for the administration of civil rights laws and regulations. In order to comply with these laws, we invite employees to voluntarily self-identify their race or ethnicity, gender, and veteran status (if applicable). Submission of this information is voluntary and refusal to provide it will not subject you to any adverse treatment. The information obtained will be kept confidential and may only be used in accordance with the provisions of applicable laws, executive orders, and regulations, including those that require the information to be summarized and reported to the federal government for civil rights enforcement. You may access this form here.
If you are ready to take your expertise in inventory finance to the next level and join a dynamic, supportive team, apply now by clicking the job application button and start your journey with us today!