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.
- 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.
- 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.
- 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.
- 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