Senior Accountant, Inventory Cost
Description
About EVgo:
EVgo (Nasdaq: EVGO) is one of the nation’s largest public fast charging networks for electric vehicles. Our mission is to expedite the mass adoption of electric vehicles (EVs) by creating a convenient, reliable, and affordable EV charging network that delivers fast charging to everyone. EVgo’s owned and operated charging network is growing rapidly. We partner with multiple stakeholders including automakers; fleet and rideshare operators; retail hosts such as grocery stores, shopping centers, restaurants, gas stations, and more to make our vision of Electric for All a reality. The EV industry is one of the fastest growing industries in the country. Join us as we charge forward into an all-electric future. Software is an integral part in realizing this vision and we are hiring a software manager to play a leadership role shaping our future.
Position Summary:
EVgo maintains inventory (e.g., power cabinets, dispensers, switchgear, cables, etc.) related to the construction and maintenance of its EV charging stations at various company-owned and third-party logistics (3PL) warehouses located throughout the US. The Inventory Cost Senior Accountant at EVgo is responsible for managing and analyzing inventory-related accounting activities, ensuring accurate cost reporting, and supporting compliance with US GAAP and internal policies. This role plays a critical role in maintaining the integrity of inventory valuation, supports financial reporting, and provides cost insights to help optimize EVgo’s charging network buildout. The ideal candidate has strong expertise in inventory accounting, fixed assets/CIP, and cross-functional collaboration with Operations, Global Supply Chain (GSC), and Fixed Asset teams.
Responsibilities:
- Collaborate with Operations and GSC teams to ensure accurate inventory data.
- Partner with GSC to monitor equipment purchases, inventory adjustments, maintenance expenses, and capitalization costs for correct GL coding.
- Review inventory control policies and compliance standards across EVgo’s supply chain network developed by GSC.
- Partner with GSC, Operations, and Enterprise IT to align inventory practices with business objectives.
- Oversee monthly inventory close process, including valuation, reconciliations, and variance analysis.
- Analyze inventory balances by location and high volume of inventory transactions to ensure completeness and accuracy.
- Review monthly reconciliation of inventory between physical counts/3PL records and NetSuite inventory subledger data prepared by the GSC team.
- Reconcile the NetSuite inventory subledger to the general ledger.
- Reconcile and/or review general ledger accounts and roll forward schedules; investigate and resolve variances in a timely manner.
- Analyze purchase price variances (PPV) and ensure that inventory costs are accurately and completely recorded.
- Review inventory valuation analysis prepared by the GSC and ensure that such analysis is prepared in accordance with accounting policies and that the analysis is accurately and completely performed.
- Communicate any findings to management on monthly basis.
- Prepare and review monthly journal entries related to inventory.
- Support annual and regular cycle counts, audits, and root cause analysis of discrepancies; assist the GSC team with the design and implementation of any remediation actions as needed.
- Review inventory count procedures prepared by the GSC.
- Review annual scoping for cycle counts prepared by the GSC to ensure that required coverage is obtained.
- Travel will be required several times per year to support regular counts and audits.
- Conduct periodic cost audits and ensure compliance with internal controls and accounting standards.
- Support internal and external audits by providing documentation and explanations.
- Ensure compliance with internal controls, accounting standards, and regulatory requirements related to inventory.
- Support ongoing automation and process improvement initiatives including system implementations to strengthen accuracy, efficiency, and transparency in inventory management; support the continuous improvement of internal controls related to inventory.
Qualifications:
- Typically requires a minimum of 5 years of related experience with a Bachelor’s degree; or 3 years and a Master’s degree; or a PhD without experience; or equivalent work experience.
Desired Skills:
- 5+ years of inventory and cost accounting experience, preferably in infrastructure, utilities, energy, hardware, or manufacturing.
- Strong knowledge of US GAAP for inventory accounting, project costing (CIP), capitalization rules, and inventory valuation methods.
- Experience in manufacturing or multi-location distribution environments.
- Expert level Excel skills and experience with ERP systems (NetSuite preferred).
- Excellent analytical, communication, and problem-solving skills.
- Ability to work cross-functionally in a fast-growing, dynamic environment.
- Strong attention to detail and accuracy; highly resourceful and displays a "roll-up your sleeves" positive attitude.
For job positions in CA, CO, and NYC, the estimated salary range for a new hire in this position is $89,000.00 USD to $111,000.00 USD. Actual salary may vary depending on job-related factors, including knowledge, skills, experience, and location. In addition to a competitive base salary, discretionary target cash bonus, and restricted stock units (subject to Board Approval). EVgo offers a comprehensive benefits package including health, life, and disability insurance, unbounded paid time off including parental leave, and a 401(k).
To find out more, or to join the EVgo network, visit www.evgo.com. Connect with EVgo on Facebook and follow us on Twitter. At EVgo, we are committed to creating a more equitable and inclusive workplace where everyone feels welcome. Apply today to join our team and help make a meaningful impact in the fight against climate change. By submitting this form, you acknowledge you are sharing your personal information with EVgo. By proceeding, you consent to EVgo’s Privacy Policy and Privacy Notice for California Residents. More detail regarding personal information we collect, how we use that information, how we share that information, and your rights and choices can be found here.