Cost Accountant

Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. At Magellan we have over 80 years of collective knowledge and experience in the aerospace industry, and believe one truth: People create value.


Employees are our greatest resource in working towards a successful future, and together we build professional relationships that thrive. We know that personal development is fundamental to the success of every individual and invest in our employees.


When you are part of Magellan, you are part of the team!

Position Summary

Magellan Aerospace, Haverhill is a world-class manufacturer of precision machined aerospace components. We have an exciting opportunity for a Cost Accountant. The Cost Accountant is to perform advanced cost-accounting work covering material and production costs, costs of sales, research and product development, etc. To compare actual costs to estimates and analyze variances. To develop standard cost data and accurate inventory valuations.

The Salary Range for this Position is $85,000 - $100,000 annually

Essential Responsibilities

• Analyzes and costs manufacturing work orders following company's costing system.
• Plans, studies, and collects data to determine costs of business activity such as raw material purchases, inventory and labor using excel spreadsheets
• Prepares the monthly cost of sales figures by analyzing material, labor, and research and development expenses. Analyzes actual manufacturing costs and prepares periodic reports comparing standard costs to actual production costs.
• Assists the accounting manager in preparing monthly journal entries for cost of sales and scrap.
• Maintains FIFO inventory system and follows established valuation method.
• Assist with audits, both internal and external
• Analyzes variances, process routine and ad hoc request, or any other requested assigned tasks

Position Requirements

• Bachelor's degree in accounting or Five to Ten years' experience or equivalent combination of education and experience in Manufacturing
• Experience working with Great Plains, Excel, PowerPoint, Microsoft word, SAP
• Good analytical and organizational skills.
• Good knowledge of Excel and computerized accounting and costing systems.

Why Magellan?

• Competitive salary
• Attractive benefits package
• Generous Company 401K plan
• Positive work-life balance
• Excellent career progression opportunities
• Employee Assistance Program

Magellan Aerospace is committed to an inclusive working environment and equal opportunities for all. We welcome all applications without regard to social and cultural background, age, gender, disability, sexual orientation, national origin or religious belief, status as a protected veteran, or any other characteristic protected by applicable federal, state/province, or local law.

If you require an accommodation during the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let your Human Resources point of contact know and we will work with you, to the best of our ability to meet your needs.

Magellan Aerospace respects the privacy and confidentiality of personal information provided by candidates and shall not disclose to any external parties unless legislated.

Magellan may use an approved Artificial Intelligence (AI) note-taking tool to support the initial screening stage of its recruitment and selection process. All AI use is performed in accordance with Magellan's privacy policies and applicable laws, including but not limited to equal employment opportunity laws. Personal information associated with any job application will not be shared with or retained by any third party. The AI note-taking tool does not in any way assess or evaluate a candidate in relation to the hiring process and is simply an administrative tool used by Magellan. Magellan retains the ultimate discretion to determine which applications proceeds through the initial screening process. If the applicant has questions or concerns about Magellan Aerospace's AI note-taking tool, or wishes to opt out of its use, the applicant should notify Magellan Aerospace directly at any time during the recruitment or screening process.

This position requires access to technical data and necessitates that Magellan Aerospace obtain export licensing approval from the U.S. Department of Commerce - Bureau of Industry and Security and/or the U.S. Department of State - Directorate of Defense Trade Controls. As such, hires for this position - except U.S. Citizens, U.S. Permanent Residents, and protected individuals as defined by 8 U.S.C. 1324b(a)(3), will be required to go through an export licensing review process. Magellan Aerospace does not make recruiting or hiring decisions based on citizenship, immigration status, or national origin; however, if information access or export control restrictions based upon applicable U.S. laws and regulations would prohibit an applicant from working in this position without first obtaining an export license, Magellan Aerospace expressly reserves the right not to offer employment.