Inventory & Material Accountant at Millennium Space Systems

El Segundo, California, United States -

Full Time

Start Date

Immediate

Expiry Date

06 Mar, 26

Salary

150000.0

Posted On

06 Dec, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Inventory Accounting, Material Accounting, Cost Accounting, Financial Reporting, Analytical Skills, Attention to Detail, GAAP, CAS, FAR, Deltek Costpoint, Cross-Functional Collaboration, Data Analysis, Problem Solving, Standard Costing, Compliance, Process Improvement

Industry

Defense and Space Manufacturing

Description

Company Overview Millennium Space Systems, A Boeing Company delivers affordable, high-performance space systems for exacting customers. At Millennium, you will be part of a close-knit team working on exciting technological problems. We work in an open environment where ideas are shared across all disciplines, and there are ample opportunities for advancement based on excellence. Superstars are welcome. At Millennium, we innovate and collaborate to make the world a better place. From the seabed to outer space, you can contribute to work that matters with a company committed to fostering an environment for every teammate that's welcoming, respectful and innovative, with great opportunities for professional growth. Find your future with us. Job Summary The Inventory & Material Accountant is responsible for 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 position's internal job code is Accountant. Our team is currently hiring for a level 4. 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 Minimum Qualifications Bachelor’s degree in Finance, Accounting, or related field (CMA, CPA, or MBA preferred) Minimum 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 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 Summary Pay-Range Please note that the salary information shown below is a general guideline only of what is reasonably expected to be paid for the position. Salaries are based upon candidate experience and qualifications, as well as market and business considerations. Level 4: $102,000 - $150,000 Before applying, please note: 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. Applicant Privacy Policy Mandatory Security Clearance and Access Process Disqualifying Criteria

Responsibilities

The Inventory & Material Accountant leads inventory and material accounting processes, ensuring accurate tracking, valuation, and reconciliation of materials. This role also involves performing month-end close procedures and collaborating with cross-functional teams to improve data accuracy.