Inventory Accountant

Description

Location: Silverstone, UK

Reporting to: Financial Controller

Department: Andretti Cadillac at Andretti Global

Background:

Led by racing legend Michael Andretti, the team fields multiple entries in INDYCAR, INDY NXT, IMSA and Formula E. The global racing enterprise boasts over 250 race wins, four INDYCAR Series championships, five INDY NXT titles, one Indy Pro 2000 and one USF2000 championship, and has captured victory five times at the famed Indianapolis 500-Mile Race. The team is now looking to expand into the pinnacle of motorsport through our Andretti Cadillac Team.

Job description:

We have an opportunity for an Inventory Accountant to join the Andretti Cadillac Team at the new Silverstone Facility. In this role, you will be responsible for managing and controlling inventory for Andretti Cadillac. The successful applicant will have a strong understanding of inventory accounting principles, experience with inventory tracking systems, and the ability to work collaboratively with the finance and operations teams. At Andretti Global, we aspire to be the absolute best in every aspect of our team. Team members are encouraged to challenge established thinking and share their ideas to create an environment where everyone can contribute to our shared success.

Principal Accountabilities:

  • Design and implement the inventory process across the UK organisation of both internally manufactured and externally manufactured parts
  • Manage the inventory accounting process, including tracking and recording inventory transactions.
  • Perform regular inventory reconciliations and ensure accuracy of inventory records.
  • Analyse inventory variations and investigate any discrepancies.
  • Prepare inventory reports and provide analysis to management.
  • Collaborate with the operations team to ensure accurate inventory levels and effective inventory management.
  • Work closely with procurement team to ensure proper valuation and costing of inventory.
  • Ensure compliance with inventory control processes and procedures.
  • Support month-end and year-end close processes as related to inventory.
  • Assist with providing documentation and support for external auditors.
  • Support in the preparation of the Formula One® Financial Regulations Inventory data.
  • Coordinate physical inventory counts and audits.
  • Identify opportunities for process improvements and implement changes to enhance efficiency and accuracy of inventory management.

Requirements

  • ACA/ACCA Qualified
  • Experience with standard costing
  • Strong understanding of inventory accounting principles and procedures.
  • Experience with inventory management software and systems.
  • Proficient in Microsoft Excel and other accounting tools.
  • Detail-oriented with strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Ability to work collaboratively and effectively with cross-functional teams.
  • Strong organisational and time management skills.
  • Experience in Formula One® is preferred but not required.
  • Understanding of US GAAP is a plus.

Please be aware that we will be reviewing applicants on a rolling basis and this job posting will close once a suitable candidate is identified. We encourage all interested individuals to submit their application as soon as possible. As an equal opportunities employer, we are committed to the equal treatment of all current and prospective employees and does not condone discrimination on the basis of age, disability, sex, sexual orientation, pregnancy or maternity, race or ethnicity, religion or belief, gender identity or marriage and civil partnership. We aspire to have a diverse and inclusive workplace and strongly encourage suitably qualified applicants from a wide range of backgrounds to apply.

Organization: 
Andretti Cadillac