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How to hire an inventory accountant

Inventory accountant hiring summary. Here are some key points about hiring inventory accountants in the United States:

  • There are a total of 26,787 inventory accountants in the US, and there are currently 56,492 job openings in this field.
  • The median cost to hire an inventory accountant is $1,633.
  • Small businesses spend $1,105 per inventory accountant on training each year, while large companies spend $658.
  • It takes between 36 and 42 days to fill the average role in the US.
  • It takes approximately 12 weeks for a new employee to reach full productivity levels.
  • HR departments typically allocate 15% of their budget towards recruitment efforts.
  • Post Falls, ID, has the highest demand for inventory accountants, with 5 job openings.

How to hire an inventory accountant, step by step

To hire an inventory accountant, you need to identify the specific skills and experience you want in a candidate, allocate a budget for the position, and advertise the job opening to attract potential candidates. To hire an inventory accountant, you should follow these steps:

Here's a step-by-step inventory accountant hiring guide:

  • Step 1: Identify your hiring needs
  • Step 2: Create an ideal candidate profile
  • Step 3: Make a budget
  • Step 4: Write an inventory accountant job description
  • Step 5: Post your job
  • Step 6: Interview candidates
  • Step 7: Send a job offer and onboard your new inventory accountant
  • Step 8: Go through the hiring process checklist

What does an inventory accountant do?

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.

Learn more about the specifics of what an inventory accountant does
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  1. Identify your hiring needs

    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.

    Determine employee vs contractor status
    Is the person you're thinking of hiring a US citizen or green card holder?

    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 AccountantDescriptionHourly rate
    Inventory AccountantAccountants 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/ConsultantAccountants/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 AccountantA 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
  2. Create an ideal candidate profile

    Common skills:
    • Reconciliations
    • Financial Statements
    • External Auditors
    • Internal Controls
    • Account Reconciliations
    • GAAP
    • Strong Analytical
    • SOX
    • Inventory Transactions
    • ERP
    • Financial Reports
    • Purchase Orders
    • General Ledger Accounts
    • Accruals
    Check all skills
    Responsibilities:
    • Prepare internal financial reports for treasury manage accounts include in external compliance reports.
    • Collaborate with external CPA firm in recording accumulate amortization/depreciation and extend tax returns.
    • Provide monthly consignment inventory balances to customers, roll-forward reports and reconciliations for goods in transit.
    • Perform both wire and ACH transfers on a weekly basis.
    • Prepare checks, including ACH transactions, wire transfers, web payments.
    • Review and verify paperwork for all vehicle purchases to satisfy SOX and internal audit procedures and standards.
    More inventory accountant duties
  3. Make a budget

    Including a salary range in your inventory accountant job description is a great way to entice the best and brightest candidates. An inventory accountant salary can vary based on several factors:
    • Location. For example, inventory accountants' average salary in montana is 39% less than in california.
    • Seniority. Entry-level inventory accountants earn 39% less than senior-level inventory accountants.
    • Certifications. An inventory accountant with a few certifications under their belt will likely demand a higher salary.
    • Company. Working for a prestigious company or an exciting start-up can make a huge difference in an inventory accountant's salary.

    Average inventory accountant salary

    $59,285yearly

    $28.50 hourly rate

    Entry-level inventory accountant salary
    $46,000 yearly salary
    Updated December 16, 2025

    Average inventory accountant salary by state

    RankStateAvg. salaryHourly rate
    1California$74,605$36
    2New York$65,644$32
    3New Jersey$65,429$31
    4Virginia$63,394$30
    5Maryland$59,160$28
    6Arizona$55,864$27
    7Texas$55,691$27
    8Colorado$55,661$27
    9Florida$55,484$27
    10North Carolina$54,862$26
    11Connecticut$54,018$26
    12Arkansas$51,523$25
    13Tennessee$51,245$25
    14Illinois$51,138$25
    15Kansas$49,222$24
    16Indiana$48,751$23
    17Alabama$47,952$23

    Average inventory accountant salary by company

    RankCompanyAverage salaryHourly rateJob openings
    1RH$73,392$35.288
    2Energy Transfer$66,788$32.113
    3CyberCoders$62,710$30.15
    4ADTRAN$62,593$30.091
    5Honsador Lumber$61,804$29.71
    6B&H Photo Video$61,576$29.60
    7Hutchinson$60,214$28.951
    8Walmart$60,187$28.9414
    9Lucid Motors$60,162$28.921
    10The Chefs' Warehouse$59,824$28.76
    11ALDI USA$59,812$28.76
    12Bioworld Merch$59,727$28.71
    13Fieldturf$59,662$28.68
    14Samsara$59,627$28.675
    15The Bradford Exchange$59,626$28.672
    16Perry Ellis International$59,495$28.60
    17Chromalloy Gas Turbine LLC$59,492$28.602
    18Frog Street$59,394$28.55
    19D M E Co$59,368$28.54
    20Mint Technology$59,368$28.54
  4. Writing an inventory accountant job description

    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:

    Inventory accountant job description example

    Gulf Coast, a CRH Company, is a locally-based construction company and building materials supplier owned and operated by CRH Americas Materials, the largest asphalt, ready mix and aggregates producer in North America. Gulf Coast is part of CRH America's growing Texas-based network of 47 locations and over 1,200 employees statewide.

    This position offers a diverse set of job responsibilities directly relating to plant manufacturing/inventory accounting functions. The desired candidate will embrace a team concept when completing assigned tasks along with a strong commitment to do whatever is necessary to perform high quality work, meet deadlines and finish assigned tasks.
    Key Responsibilities (Essential Duties and Functions) Supports the organization with research and analysis of financial records as directed by management. Ensure internal controls are maintained to safeguard the financial assets of the company. Records, reconciles, and reports activities relating to plant/terminal inventory transactions Manage and reconcile raw material inventories Maintains and reconciles assigned balance sheet accounts and fixed asset system. Analyze and enter production transactions into accounting system Complete necessary journal entries as required. Process weekly and monthly fuel transactions. Assist with material payment processing Performs vendor and/or other financial analysis as directed by company management for support of business decisions by management. Provide accurate and timely volume reporting weekly. Process material purchase transactions Coordinates posting and maintenance activities for the general ledger. Executes the monthly closing procedures which include recording journal entries, reconciling balance sheet accounts and ensuring all entries are properly recorded. Complete necessary journal entries as required Assist with requests documentation related to external and internal audits. Qualifications
    To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

    Education/Experience
    Bachelor's degree in Accounting, Finance, or related discipline or equivalent combination of education and work experience required. 1 - 3 years of experience in a financial accounting environment preferred.
    Work Requirements
    Must pass a drug screen and criminal background check. Display a professional and courteous attitude to co-workers, supervisors, and the public always. Must be willing to travel and work away from home when required. Must be willing to work nights and weekends when necessary. Report to the office dressed appropriately and ready to begin work at the designated start time. Strict adherence to safety requirements and procedures as outlined in the Employee Handbook. Willingness to work in a team environment and assist co-workers or supervisors with other duties as required. Must have the ability to work without close supervision.
    Knowledge/Skill Requirements
    Advanced computer skills including knowledge including MS Excel pivot tables, lookups, and other formulas Ability to perform under deadline pressure. Ability to analyze issues independently and complete daily activities according to work schedule and possess strong critical thinking and analytical skills Knowledge and/or previous related experience in financial accounting environment preferred. Effective verbal and written communication skills and an ability to work with management. Effective analytical and communication skills required. Ability to communicate with others and to assimilate and understand information, in a manner consistent with the essential job functions. Demonstrated, effective skills in dealing with employees at all levels. Detail oriented with ability to identify connections and patterns Ability to operate office equipment including, but not limited to computers, copiers, ten key adding machine, printers, etc. Proficiency in personal computers/word processing, spreadsheets/databases, and relevant software packages.
    Physical Requirements

    The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
    Able to stand, walk, use hands and fingers to manipulate objects, talk and hear. Vision abilities (with correction) include close, distance, peripheral, depth, and the ability to adjust focus. The employee is frequently required to sit and use hands. The employee is occasionally required to stand and walk. Work Environment Standard office environment. Tempo is fast paced with deadlines. The noise level in some areas of the work environment may be moderate.
    The statements included in this job description are not intended to be all-inclusive.They represent typical elements and criteria necessary to successfully perform the job.Other duties may be assigned as required.Requirements for this job are subject to modification by the Company and its designees, and reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    What CRH Americas Offers You
    A culture that values opportunity for growth, development and internal promotion Highly competitive base pay Comprehensive medical, dental and disability benefits programs Group retirement savings program Health and wellness programs
    About CRH Americas

    CRH Americas has a long and proud heritage as one of North America's largest corporations. We are a proud reflection of the hundreds of family businesses, local and regional companies and mid to large sized enterprises that together form the CRH Americas family. CRH Americas operates with a decentralized, diversified structure, letting you work in a small company environment while having the career opportunities of a large enterprise.

    CRH Americas is a great place to grow! If you're up for a rewarding challenge, we invite you to take the first step and apply today! Please complete your online application and profile which will be sent directly to the appropriate Hiring Manager. Thank you for your interest in the CRH Americas family!

    Gulf Coast is an Affirmative Action and Equal Opportunity Employer.

    EOE/Vet/DisabilityIf you want to know more, please click on this link.

    Date Posted:Oct 6, 2022

    Job Segment: Machinist, Inventory, Plant, Manufacturing, Operations
  5. Post your job

    To find inventory accountants for your business, try out a few different recruiting strategies:

    • Consider internal talent. One of the most important talent pools for any company is its current employees.
    • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any inventory accountants they would recommend.
    • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level inventory accountants with the right educational background.
    • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.
    Post your job online:
    • Post your inventory accountant job on Zippia to find and recruit inventory accountant candidates who meet your exact specifications.
    • Use field-specific websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
    • Post a job on free websites.
  6. Interview candidates

    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.

  7. Send a job offer and onboard your new inventory accountant

    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.

  8. Go through the hiring process checklist

    • Determine employee type (full-time, part-time, contractor, etc.)
    • Submit a job requisition form to the HR department
    • Define job responsibilities and requirements
    • Establish budget and timeline
    • Determine hiring decision makers for the role
    • Write job description
    • Post job on job boards, company website, etc.
    • Promote the job internally
    • Process applications through applicant tracking system
    • Review resumes and cover letters
    • Shortlist candidates for screening
    • Hold phone/virtual interview screening with first round of candidates
    • Conduct in-person interviews with top candidates from first round
    • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
    • Conduct background checks on top candidates
    • Check references of top candidates
    • Consult with HR and hiring decision makers on job offer specifics
    • Extend offer to top candidate(s)
    • Receive formal job offer acceptance and signed employment contract
    • Inform other candidates that the position has been filled
    • Set and communicate onboarding schedule to new hire(s)
    • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)
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How much does it cost to hire an inventory accountant?

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.

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