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Inventory accountant hiring summary. Here are some key points about hiring inventory accountants in the United States:
Here's a step-by-step inventory accountant hiring guide:
An inventory accountant is in charge of overseeing and managing the costs involving a company's inventory operations. It is their duty to monitor transactions, update general ledgers, gather and analyze data, perform audits and assessments, and produce regular inventory reports. They must also observe and be alert for any inconsistencies and discrepancies, dealing with them according to the policies and regulations. Moreover, an inventory accountant must maintain an active communication line with staff for a smooth and efficient workflow.
The inventory accountant hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
You should also consider the ideal background you'd like them an inventory accountant to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire an inventory accountant that fits the bill.
This list shows salaries for various types of inventory accountants.
| Type of Inventory Accountant | Description | Hourly rate |
|---|---|---|
| Inventory Accountant | Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time... Show more | $22-36 |
| Accountant/Consultant | Accountants/consultants perform accounting tasks for organizations or companies. The accountants improve accounting practices and prepare financial statements at the end of every year... Show more | $22-41 |
| Certified Public Accountant | A certified public accountant (CPA) acts as an advisor to small businesses and chief financial officers to Fortune 500 companies. They typically work for both small and large public accounting firms... Show more | $23-57 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $74,605 | $36 |
| 2 | New York | $65,644 | $32 |
| 3 | New Jersey | $65,429 | $31 |
| 4 | Virginia | $63,394 | $30 |
| 5 | Maryland | $59,160 | $28 |
| 6 | Arizona | $55,864 | $27 |
| 7 | Texas | $55,691 | $27 |
| 8 | Colorado | $55,661 | $27 |
| 9 | Florida | $55,484 | $27 |
| 10 | North Carolina | $54,862 | $26 |
| 11 | Connecticut | $54,018 | $26 |
| 12 | Arkansas | $51,523 | $25 |
| 13 | Tennessee | $51,245 | $25 |
| 14 | Illinois | $51,138 | $25 |
| 15 | Kansas | $49,222 | $24 |
| 16 | Indiana | $48,751 | $23 |
| 17 | Alabama | $47,952 | $23 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | RH | $73,392 | $35.28 | 8 |
| 2 | Energy Transfer | $66,788 | $32.11 | 3 |
| 3 | CyberCoders | $62,710 | $30.15 | |
| 4 | ADTRAN | $62,593 | $30.09 | 1 |
| 5 | Honsador Lumber | $61,804 | $29.71 | |
| 6 | B&H Photo Video | $61,576 | $29.60 | |
| 7 | Hutchinson | $60,214 | $28.95 | 1 |
| 8 | Walmart | $60,187 | $28.94 | 14 |
| 9 | Lucid Motors | $60,162 | $28.92 | 1 |
| 10 | The Chefs' Warehouse | $59,824 | $28.76 | |
| 11 | ALDI USA | $59,812 | $28.76 | |
| 12 | Bioworld Merch | $59,727 | $28.71 | |
| 13 | Fieldturf | $59,662 | $28.68 | |
| 14 | Samsara | $59,627 | $28.67 | 5 |
| 15 | The Bradford Exchange | $59,626 | $28.67 | 2 |
| 16 | Perry Ellis International | $59,495 | $28.60 | |
| 17 | Chromalloy Gas Turbine LLC | $59,492 | $28.60 | 2 |
| 18 | Frog Street | $59,394 | $28.55 | |
| 19 | D M E Co | $59,368 | $28.54 | |
| 20 | Mint Technology | $59,368 | $28.54 |
An inventory accountant job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of an inventory accountant job description:
To find inventory accountants for your business, try out a few different recruiting strategies:
Recruiting inventory accountants requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect inventory accountant candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
Once that's done, you can draft an onboarding schedule for the new inventory accountant. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Hiring an inventory accountant comes with both the one-time cost per hire and ongoing costs. The cost of recruiting inventory accountants involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of inventory accountant recruiting as well the ongoing costs of maintaining the new employee.
Inventory accountants earn a median yearly salary is $59,285 a year in the US. However, if you're looking to find inventory accountants for hire on a contract or per-project basis, hourly rates typically range between $22 and $36.