Material Cost Accountant - Millennium Space Systems
Company:
Millennium Space Systems
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.
**Position 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
**Basic Qualifications (Required Skills/Experience): **
- 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
Preferred Qualifications (Desired Skills/Experience):
- 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
Conflict of Interest:
Successful candidates for this job must satisfy the Company’s Conflict of Interest (COI) assessment process.
Drug Free Workplace:
Millennium Space Systems, a Boeing Company, is a Drug Free Workplace (DFW) where post offer applicants and employees are subject to testing for marijuana, cocaine, opioids, amphetamines, PCP, and alcohol when criteria is met as outlined in our policies.
**Total Rewards: **
At Millennium Space Systems, a Boeing Company, we strive to deliver a Total Rewards package that will attract, engage and retain the top talent. Elements of the Total Rewards package include competitive base pay and variable compensation opportunities.
Millennium Space Systems also provides eligible employees with an opportunity to enroll in a variety of benefit programs, generally including health insurance, flexible spending accounts, health savings accounts, retirement savings plans, life and disability insurance programs, and a number of programs that provide for both paid and unpaid time away from work.
The specific programs and options available to any given employee may vary depending on eligibility factors such as geographic location, date of hire, and the applicability of collective bargaining agreements.
Pay is based upon candidate experience and qualifications, as well as market and business considerations.
Summary pay range:
- Level 4: $102,000 - $150,000
Millennium is DDTC-registered, ITAR-compliant Company. This position is located at a facility that requires special access. Applicants MUST be U.S. citizens and eligible for a security clearance. Additionally, applicants must be willing to apply for and maintain a security clearance. We encourage all interested candidates to apply for any open position for which they feel they are qualified.
Language Requirements:
Not Applicable
Education:
Not Applicable
Relocation:
Relocation assistance is not a negotiable benefit for this position.
Export Control Requirement:
This position must meet U.S. export control compliance requirements. To meet U.S. export control compliance requirements, a “U.S. Person” as defined by 22 C.F.R. §120.62 is required. “U.S. Person” includes U.S. Citizen, U.S. National, lawful permanent resident, refugee, or asylee.
Safety Sensitive:
This is not a Safety Sensitive Position.
Security Clearance:
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. Secret Clearance Post-Start is required.
Visa Sponsorship:
Employer will not sponsor applicants for employment visa status.
Contingent Upon Award Program
This position is not contingent upon program award
Shift:
Shift 1 (United States of America)
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