Cost Accountant

5 - 7 years experience  • 

Salary depends on experience
Posted on 05/24/18
Santa Clarita, CA
5 - 7 years experience
Salary depends on experience
Posted on 05/24/18

Job Description

The opportunity | Cost Accountant

Reporting to the Controller and/or Manager of Finance, the Senior Cost Accountant/Cost Estimator, determines and implements cost accounting procedures and methods and aids in various types of proposals for development and production contracts. In addition, the Cost Accountant/Cost Estimator supports government audits and negotiations with customers.

Job Duties and Responsibilities include the following. Other tasks and duties may be required as directed.

 

COST ACCOUNTING

  • Ensure the accuracy of the balance sheet inventory value compared to perpetual inventory data, and reconcile inventory related accounts on a monthly basis;
  • Organize and execute the annual cost rolls for multiple plants;
  • Maintain system standards for labor and burden rates, outside processing, and purchased items;
  • Develops and implements processes and procedures to ensure correct recording of actual labor times;
  • Monitor compliance with cycle count policy;
  • Calculate and maintain inventory values including inventory reserves;
  • Preparation of budget versus actual expense reports.
  • Research and prepare cost estimates for new part requirements.
  • Research manufacturing variances and update standards as needed.
  • Will be required to perform other job duties as requested, directed, or assigned.

 

COST ESTIMATING

  • Work with other functions from across the company to understand and evaluate the labor, material and other direct costs associated with proposed contracts and the associated program;
  • Utilize company estimating and pricing programs and tools;
  • Collects cost data from functional representatives, subcontractors, and vendors and computes cost estimates based on functional inputs;
  • Identifies actionable recommendations for enhancing financial performance and affordability;
  • Document and track historical cost data for use in developing estimates and present findings in clear and concise way to management;
  • Offers support throughout the life of proposal including responding to requests for information and offering inputs to provide clarity during negotiations.

 

SKILLS

  • Excellent technical ability, including ability to work with integrated ERP systems preferably SAP expertise;
  • Basic working knowledge of the ProPricer is desired but not required;
  • Thorough understanding of general and cost accounting principles and practices;
  • Must be able to work with Excel/Word and PowerPoint;
  • Excellent communication skills (oral and written);
  • Able to work effectively as part of a team, ability to work with cross-functional teams and to train staff to follow procedures and use system tools;
  • Ability to develop and write procedures, as well as experience with cost analysis and audits to recommend process improvements;
  • Excellent analytical skills to collect data, understand significance, explain issues, and recommend solutions;
  • Ability to embrace change with enthusiasm for continuous improvement.
  • Some travel may be required.

 

EDUCATION/EXPERIENCE

  • Bachelor's degree required with strong preference for Accounting, Finance, Business Administration;
  • Attainment or working towards a professional accounting designation preferred;
  • 5-7 years of related experience preferably in a manufacturing, defense or high technology environment;
  • Knowledge of and/or experience with federal proposal regulations including but not limited to: FAR, DFAR, TINA

 

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