Senior Cost Accountant

Location Los AngelesContact Michael-Lee CartneyJob Ref 7216Published 2 years agoJob Type PermanentJob DescriptionSummaryUnder supervision of the Assistant Controller, this position performs a wide variety of duties related to inventory valuation, development project accounting, and management reporting. This position requires an analytical mindset, initiative, and judgment with strong and creative problem solving skills. An understanding of inventory valuation and project accounting concepts in accordance with US GAAP is necessary, along with maintaining a strong internal control environment.Position DutiesEssential functions of the position include, but are not limited to: Perform inventory valuation steps as part of normal close process including reconciliations, valuation analysis, post journal entries, and prepare financial reports.Calculate inventory reserves including: excess & obsolete, lower of cost and net realizable value, inventory variance capitalization, and period end cutoffMaintain processes and controls related to inventory and project accounting including cycle count processes.Calculate overhead rates for internal use and government contracting compliance. Monitor production order costs and analyze variances and exception reportsInvestigate data and current cost allocation methodology to eliminate waste, driving improvement in working capital, processes, and cost.Develop comprehensive reporting and analytical solutions within business intelligence tools such as Power BI. Designing and implementing dashboards, creating detailed financial and operational reports, and providing actionable insights to support decision-making processes. Collaborate with cross-functional teams to identify key performance indicators (KPIs) and ensure data accuracy and integrity. Other Duties: Complete special projects, as assignedAssist in support of internal, external, SOX, and DCAA auditsMaintain the highest ethical standards, even when challenged from aboveOther duties as assignedQualifications & Experience: CPA or CMA certification is highly desirableAerospace manufacturing environment is preferredPrevious supervisory experience a plusKnowledge cloud based ERP system preferred.Familiarity of the Federal Acquisition Regulations (FAR), Cost Accounting Standards (CAS), and Truth in Negotiations Act (TINA) in support of government contract awards is preferred.Physical DemandsWhile performing the duties of this job, the employee is regularly required to, stand, sit; talk, hear, and use hands and fingers to operate a computer and telephone keyboard reach, stoop kneel to install computer equipmentSpecific vision abilities required by this job include close vision requirements due to computer workLight to moderate lifting is requiredAbility to uphold the stress of working in a busy and demanding office Regular, predictable attendance is required; Esp during month/quarter and annual financial plan preparation