Job Title: Senior Cost Accountant
Wilmington, MA, US, 01887
The Senior Cost Accountant is a key member of the accounting staff reporting directly to the Director of FP&A. This position provides cost accounting and financial support to the manufacturing facilities in Wilmington, MA & Reynosa, Mexico. The position will be responsible for the direction, review, and management of both cost accounting responsibilities and some financial responsibilities. The Senior Cost Accountant will be responsible for maintaining a cost control environment that complies with the Company’s internal control policies and Sarbanes-Oxley. The Senior Cost Accountant will directly support the DVP Business Unit Controller and assist in any ad-hoc analysis and projects as required. This position will also be responsible for producing financial analysis, variances analysis and research costing issues.
What You Will Do in the Role
- Applies principles of finance and cost accounting to various accounting duties related to the Business Unit's financial and operational planning and reporting
- Responsible for the maintenance of the manufacturing plant’s cost accounting systems, cost controls & integrity
- Responsible for the financial coordination, administration and analysis of manufacturing operations; this involves analyzing sales and cost of sales, labor reporting, product costing, and monthly material usage variances and inventory adjustments
- Responsible for the overall planning, coordination, and participation of the physical inventories as well as the analysis of the results
- Responsible for the monthly accounting and reconciling of the financial to perpetual inventory; coordination responsibility extends not only to production departments but to outside stockrooms and vendors
- Oversee and Manage the annual Fixed Asset Physical inventory process & 4-Wall Yearly Inventory
- Track spending on capital projects and maintain the Capital Roll-forward
- Responsible for the coordination and analysis of direct labor reporting within the business unit
- Prepare recurring monthly journal entries related to inventory, labor reporting, cost of sales and other various entries and their corresponding reconciliations
- Responsible for standard costing process duties as follows:
- Analyze cost changes, margin impact and inventory value adjustment effect
- Perform standard cost update process
- Develop and monitor labor and overhead rates for department / cost center
- Review cost routings for reasonableness and bill of materials accuracy
- Perform quarterly LIFO calculation and reporting.
- Review and close manufacturing work orders
- Work with marketing and purchasing to establish proper cost on new parts and assemblies
- Responsible for review, reporting and analysis of inventories, inventory reserves (including E&O), slow moving inventories, obsolete inventories, scrap, and inter-company transfers
- Assist with both internal and external audits
- Monitor and analyze Cycle Count results and performance and issue monthly reports and ensure compliance to corporate cycle counting procedure
- Assist in the preparation of annual operating and capital budgets.
- Lead the analysis of product costs, overhead absorption, abnormal fixed cost expenditures, etc.
- Constant review of processes to improve procedures and methods
- Perform other related duties, ad hoc reporting & analysis, and special projects as required.
What You Will Brinhg to the Role
- Bachelor’s degree (B.A.) in Accounting
- 5+ years of manufacturing cost accounting experience in a standard cost environment
- MBA, CPA or CMA a plus
- Strong knowledge of Microsoft office including advanced skills in Excel
- Prior experience with Oracle and HFM a plus
- Prior experience within Aerospace & Defense industry a plus
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Demonstrated ability and willingness to use AI tools to improve productivity, decision-making, work quality, and to reduce costs. The successful candidate must be able to identify appropriate AI use cases and critically evaluate AI-generated outputs
- Government cost accounting experience a plus
- A highly productive self-starter with very strong work ethic and commitment to excellence
- Strong accountability and detail oriented; prepares accurate and timely work product
- Strong communication, presentation, leadership, interpersonal, planning and problem-solving skills
- Fluency in English language (oral and written)
- Must have excellent analytical skills; sound understanding of accounting principles
- Well organized and self-directed with the ability to relate to all levels of an organization
- Must be a team player with high energy
- Ability to multi-task, work under pressure and meet deadlines required
- Due to the nature of SFMS programs and products, applicants must have the legal right to work in the US and additionally must be legally authorized to access export-controlled information and source code.
Travel:
- Moderate - (Several trips to Reynosa, Mexico facility annually)
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Nearest Major Market: Boston