Material Cost Accountant - Millennium Space Systems

Boeing•El Segundo, CA

41d•$102,000 - $150,000•Onsite

About The Position

Millennium Space Systems, a part of Boeing Defense, Space and Security (BDS), is a fast, agile small satellite company focused on national security space. Our missions have direct impact to global security, like missile warning and Earth observation. Our team is curious, bold and innovative. We take risks, innovate and explore new techniques and technologies. We influence change because we challenge the status quo. And when we watch our satellites launch, we know each one of us made it happen. We are seeking a motivated and detail-oriented Material Cost Accountant. Responsibilities include leading inventory & material accounting processes, as well as reporting of company-owned materials and inventory. This role ensures accurate tracking, valuation, and reconciliation of raw materials, parts, and supplies used for production, research, and strategic purposes. The position requires strong analytical skills, attention to detail, and knowledge of Generally Accepted Accounting Principles (GAAP), Cost Accounting Standards (CAS), and inventory management practices. This is an onsite role in El Segundo, California. This position's internal job is Accountant. Our team is currently hiring for level 4.

Requirements

Bachelor’s degree in Finance, Accounting, or related field (CMA, CPA, or MBA preferred)
Minimum of 10+ years of material and inventory accounting experience in a manufacturing environment or similar
Strong knowledge of material accounting, inventory accounting, cost accounting, and financial reporting
Deltek Costpoint or similar ERP systems
Proven ability to partner cross-functionally and influence operational outcomes
Ability to analyze data, identify problems, and develop effective solutions
This position requires the ability to obtain a U.S. Security Clearance for which the U.S. Government requires U.S. Citizenship. An interim and/or final U.S. Security Clearance Post-Start is required

Nice To Haves

Experience in aerospace and defense or other government contractors desired
Extensive experience with Costpoint, including a deep understanding of advanced functionalities and best practices in the Accounting and Materials domains

Responsibilities

Accounting for purchases, receipts, transfers, and consumption of materials and company-owned inventory
Performs month-end close procedures to ensure inventory balances are calculated correctly.
Reviews and posts journal entries for inventory movements into the General Ledge
Ensures company costing methods (FIFO, LIFO, weighted average) are accurately applied to arrive inventory value
Calculates reserves for E&O (excess & obsolete) and slow-moving inventory
Performs inventory & material analyses required by GAAP, CAS, FAR, or other authoritative and regulatory bodies, such as Lower of Cost or Market Analysis, Purchase Price Variance, Scrap, inventory reserves, etc.
Performs monthly reconciliations between inventory subledger and general ledger.
Investigates discrepancies from cycle counts, scrapping, or lost inventory.
Manage company-owned inventory accounts, cost of goods sold (COGS) accounts, and other inventory related balance sheet accounts
Analyzes manufacturing variances (PPV, labor, overhead absorption, scrap) and recommend corrective actions
Develops and maintain standard costing methodologies
Ensures compliance with Boeing accounting policies and internal controls
Partners with corporate audit team to resolve control deficiencies and support compliance efforts.
Maintain and enforce corporate financial policies and procedures
Supports government audits
Collaborate with cross-functional teams to improve data accuracy and streamline inventory and material processes
Coordinate with cross-functional teams for consistent KPI tracking and reporting
Lead financial discussions in operations reviews and deliver actionable insights
Participates in special projects focused on process improvement, system automation, and policy development