Accountant III

Job Description

Job Description

Description:

The Senior Account is responsible for ensuring the accuracy of product costs, inventory valuation and manufacturing variances for Precise Flight. This role supports operations, supply chain and engineering by providing reliable cost data, analyzing production performance and driving improvements in standard costing, BOM/routing accuracy and manufacturing financial controls.

Key Deliverables of Position

1) Standard Costing & Product Cost Structure

a. Maintain and update standard costs for materials, labor and overhead in the ERP system (Sage 100, Epicor or similar)

b. Review and validate BOMs and routings in partnership with Operations and Manufacturing Engineering

c. Support annual cost roll including overhead calculation, rate-setting and validation of cost assumptions

d. Analyze financial impact of make-buy decision and production process changes

2) Manufacturing Variance Analysis

a. Reporting and analysis of:

i. Material usage variance

ii. Purchase price variance (PPV)

iii. Labor efficiency and rate variances

iv. Overhead absorption variances

v. Scrap and rework costs

vi. Work order closure variances

b. Investigate root causes with operations, supply chain and engineering

c. Provide reporting and actionable insights to key Management

3) Inventory & Work Order Accounting

a. Ensure accurate accounting of WIP, raw materials and finished goods

b. Perform monthly inventory reconciliations/cycle count analysis

c. Review and close manufacturing work orders for accuracy

d. Support Physical Inventory counts and year end audits

4) Operational Support & Cross Functional Collaboration

a. Partner with Operations to drive cost improvements and throughput

b. Provide costing support for new products

c. Assist Supply Chain with supplier cost analysis/PPV root cause reviews

5) Financial Reporting & Month-End Close

a. Prepare cost related journal entries (inventory adjustments, scrap, overhead allocations).

b. Support month-end close to ensure timely and accurate financial reporting

c. Maintain and document costing policies and procedures

d. Work with Controller and VP Group Finance to support budgeting, forecasting and cost driver modeling

Required Education and Experience

1. Bachelor’s degree in Accounting or Finance
2. 3-5 years of hands-on accounting or related experience
3. Bachelor’s degree in Accounting, Finance or related field
4. 3-7 years of experience in cost accounting or manufacturing finance
5. Experience with standard costing in a manufacturing ERP system
6. Strong understanding of BOMs, routings, labor standards and work order flows
7. Proficiency in Excel, including pivot tables and lookups
8. Solid knowledge of GAAP and inventory accounting
9. Preferred - Experience in aerospace, defense, automotive or other high-mix manufacturing

Key Competencies

1. Strong analytical and problem-solving skills
2. Ability to partner effectively with Manufacturing and Supply Chain
3. High attention to detail and accuracy
4. Ability to explain financial concepts to non-financial stakeholders
5. Ownership mindset and strong follow-through

Behavioral Competencies – Demonstrates behaviors consistent with our values

1. Thinks and acts like an owner

• Uses company resources wisely & cost-effectively
• Shows pride in the organization and a commitment to its long-term success
• Takes full responsibility for their actions
• Holds self to high standards of performance and integrity

2. Demonstrates high integrity

• Consistently acts with honestly, transparency and high ethics
• Makes decisions based on what is morally right
• Owns their actions and holds self-accountable

3. Puts team above self; in it together

• Prioritizes team and company over personal gain
• Collaborates with team members within the department and across all functions
• Contributes to a positive, inclusive work environment

4. Innovates and improves

• Actively supports or initiates continuous improvement efforts
• Shares ideas and suggests solutions that enhance team or business performance
• Stays open to feedback and embraces changes
• Demonstrates a bias towards action

5. Honors commitments

• Consistently follows through on project timelines, meeting and deliverables
• Takes ownership for responsibilities and delivers results
• Makes and holds commitment
• Communicates proactively when challenges arise and adjusts plans to stay on track

Equal Opportunity Employer/Protected Veteran/Disability/E -Verify