Controllers Inventory Associate Analyst

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Job Description:

Position Summary

The Inventory Accounting Analyst will support U.S. inventory accounting activities within the PeopleSoft system as part of the Controllers COGS Center of Excellence. This full-time, entry-level role ensures the integrity of inventory-related accounts through reconciliations, reporting, data validation, and other accounting support tasks in alignment with 3M's accounting policies and controls.

The position plays an important role in maintaining high-quality financial information and supporting 3M's month-end close and audit requirements. It requires strong analytical skills, attention to detail, and a collaborative approach to working with accounting, operations, and global finance teams.

Key Responsibilities

• Perform monthly inventory account reconciliations within the PeopleSoft system.
• Investigate GRIR account differences to ensure proper clearing and accurate inventory accounting, including adding and maintaining freight and duty rates as part of regular review activities.
• Prepare journal entries and maintain supporting documentation for inventory-related adjustments.
• Generate recurring reports to provide visibility into account balances and reconciliation metrics.
• Assist with intercompany inventory activities by responding to requestor questions, resolving buyer-related issues, and helping ensure accurate costs are reflected for intercompany purchases.
• Assist with intercompany inventory activities by addressing buyer-related issues, coordinating with global partners, and ensuring accurate transfer pricing and inventory transaction alignment.
• Maintain compliance with internal accounting policies, controls, and SOX documentation standards.
• Perform security setups for inventory accounting systems and reporting tools, ensuring appropriate access and user distribution.
• Send, monitor, and follow up on key inventory accounting data and reports, including SOX-related information, to ensure timely and accurate distribution and completion.
• Perform other miscellaneous inventory accounting tasks as assigned to support month-end close and process improvement initiatives.
• Identify and support opportunities to enhance efficiency through automation and continuous improvement.

Qualifications

• Bachelor's degree in accounting, Finance, or a related field required.
• 1-3 years of accounting or reconciliation experience exposure to PeopleSoft or other ERP systems preferred.
• Strong Excel and data analysis skills.
• Highly detail-oriented, organized, and able to meet deadlines.
• Team-oriented with effective communication skills and a willingness to learn.

Performance Expectations

• Deliver accurate and timely reconciliations each month.
• Maintain compliance with U.S. GAAP and internal control requirements.
• Collaborate effectively across teams and demonstrate initiative in continuous improvement efforts.

Growth and Development Opportunity

This position offers exposure to key financial processes within 3M's Controllers Center of Excellence and provides a foundational understanding of inventory accounting in a global organization. Successful performance in this role can lead to opportunities for growth within accounting, reporting, and financial operations teams, as well as expanded involvement in system automation and process enhancement initiatives.

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