Senior Cost Accountant

Summary

Join Instacart as a Senior Cost Accountant and play a key role in implementing and maintaining the Oracle Cloud Inventory module. You will collaborate with cross-functional teams, ensuring accurate inventory balances and COGS. Responsibilities include performing cost accounting calculations, standard cost reviews, reconciliations, and supporting inventory system implementation. You will also prepare journal entries, analyze financial statements, and report on product costs and profitability. This role requires strong analytical skills, experience with inventory valuation methods, and a deep understanding of cost accounting principles. The position offers a competitive salary and benefits package, including equity grants.

Requirements

• Bachelor's or Master’s degree in Accounting
• 5+ years of experience in accounting
• 3+ years of experience in cost accounting and supply chain management, preferably in the manufacturing industry
• Strong understanding of ERP systems, R&D, manufacturing, and inventory management
• Possess good problem-solving abilities, with lots of initiative and drive, a strong sense of internal control and a keen eye for details and process improvements
• Ability to work independently and as part of a team
• Strong communication and presentation skills

Responsibilities

• Maintain cost accounting calculations and processes
• Collaborate with cross-functional teams to ensure accuracy in inventory balances and COGS, and to resolve inventory discrepancies
• Perform standard cost review quarterly and work closely with the Operations team to review changes and impacts
• Perform reconciliations between 3PL, vendor shipments, and analyze goods in transit
• Provide support in the Inventory management system implementation, testing, and process design
• Assist in developing and maintaining cost accounting systems, policies, and procedures
• Prepare monthly preparation of journal entries and account reconciliation of all assigned areas during month-end close
• Responsible for reviewing financial statements for all assigned areas; this review includes providing fluctuation analysis and presenting to senior management
• Analyze and report on product costs, cost of goods sold, margins, and profitability
• Assist FP&A team with preparation of financial reports to be presented to senior management
• Collaborate with cross-functional teams to understand process issues; recommend and implement process improvements to ensure accurate inventory valuation and management
• Lead quarter and year end audits and reviews to ensure compliance with accounting standards and internal controls; Oversee cycle count process
• Perform other duties as required

Preferred Qualifications

• Proficiency in Microsoft Excel and Oracle Cloud ERP and other financial software
• CPA designation preferred

Benefits

• Instacart provides highly market-competitive compensation and benefits in each location where our employees work
• This role is remote
• The base pay range for a successful candidate is dependent on their permanent work location
• This role is eligible for a new hire equity grant as well as annual refresh grants