Mar 25, 2020

Inventory Accounting Specialist

  • Professional Diversity Network
  • Purchase, Harrison, NY 10577, USA
Full-Time Accounting

Job Description

Atlas Air, Inc

Job ID: 2019-3119
# of Openings: 1
Category: Technical Operations
City: Purchase
State: NY
Company: Atlas Air, Inc


Responsible for analyzing Atlas spare parts inventory and purchase parts accrual; reviewing interface transactions from inventory subsystems to the general ledger; preparing and maintaining management reports and explaining monthly variances in inventory balances; preparing month end journal entries relating to Tech Ops - such as inventory, purchased parts, consumables expenses, return conditions; assisting with transactions relating to inventory, such as ULT (unrecorded liabilities test), SOX procedures, investment in joint venture, such as freight and repair billings; researching and preparing documentation for inventory costs amounts and changes to inventory values. In addition, ad hoc analysis may be required.


  • Reconcile and monitor inventory subsystems to the general ledger and explain monthly variances to inventory balances and prepare related journal entries
  • Prepare and monitor specific management reports to perform analytical tasks or monitor activity and prepare related journal entries:
    • Spare parts levels, obsolescence and excess inventory
    • Purchased parts accruals
    • Accumulated depreciation and allowance for obsolescence
    • Interface transactions from inventory subsystem to general ledger
    • Joint venture activities
  • Assist the Manager with developing capital rotable spare parts and depreciation forecasts for the Tech Ops Divisional Controller's group.
  • Responsible for meeting all related deadlines and assisting the Manager with meeting departmental deadlines.
  • Responsible for special projects and tasks as assigned


  • Bachelor's degree in Accounting required.
  • Bachelor's degree in Finance or Business accepted with accountant position experience.
  • 3-5 years' experience in accounting required.
  • Financial analysis experience a plus.
  • Airline/transportation industry experience a plus.
  • Excellent interpersonal skills with the ability to interact at all levels of the company. Ability to promote cooperation and coordination between Finance and Operations Divisions.
  • Advanced computer skills including spreadsheet, database and word processing software.
  • Highly organized individual with emphasis on accuracy and timeliness.
  • Flexibility to work additional hours and travel as required.

The Company is an Equal Opportunity Employer. It is our policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, national origin, citizenship, place of birth, age, disability, protected veteran status, gender identity or any other characteristic or status protected by applicable in accordance with federal, state and local laws.

If you'd like more information about your EEO rights as an applicant under the law, please download the available EEO is the Law document at

To view our Pay Transparency Statement, please click here: Pay Transparency StatementxW4mpPUmkaXJFoJEixwXl



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