What are the responsibilities and job description for the Cost Accountant position at Marine Hydraulics International, LLC?
MHI Ship Repair & Services is a major marine repair and conversion contractor serving the U.S. Navy, Military Sealift Command, Maritime Administration and Commercial ship owners and operators worldwide. Our shipyard is conveniently located in the Mid-Atlantic region at the port of Hampton Roads, Norfolk Virginia.
JOB SUMMARY: We are seeking a highly analytical and detail-oriented Cost Accountant to join our team. The Cost Accountant will play a key role in ensuring the accuracy and integrity of our financial records, as well as providing valuable insights to support decision-making. The ideal candidate will have a strong background in cost accounting principles and be knowledgeable about standard costing methodologies. Excellent problem-solving skills and the ability to work independently are essential for success in this role.
ESSENTIAL FUNCTIONS
- Calculate monthly revenue and prepare various financial project result reports.
- Assist in the review of monthly project EACs; provide support as needed to project managers in the preparation of EACs.
- Prepare month-end journal entries, account reconciliations and other analysis.
- Assist in the periodic update of financial forecasts, including project revenue, gross margin, and indirect expenses.
- Understand and explain variances between actual and forecasted indirect rates.
- Ensure indirect rates are compliant with FAR and CAS. Perform applicable research and discuss with management to ensure alignment.
- Provide support to the Contracts department; assist with cost reporting and related requirements.
- Support the development and improvement of cost accounting systems and processes.
- Prepare and/or oversee the timely preparation of all contractual invoices, which may include fixed price, cost type, or time and material billings.
- Continuously monitor open accounts receivable. Understand issues behind late accounts receivable and work with appropriate internal and external counterparts to resolve timely.
- Support preparation of cash-flow forecasts.
- Prepare annual incurred cost submission to DCAA. Serve as primary support for DCAA audits.
- Provide support during internal and external audits.
- Drive continuous process improvements and participate in other ad-hoc projects as needed to support the business.
MINIMUM QUALIFICATIONS
- Bachelor's degree in accounting, finance, or a related field
- Three - five years of experience as a cost accountant or similar role
- Strong understanding of cost accounting principles and methodologies
- Proficiency in MS Excel and other financial software
- Excellent analytical and problem-solving skills
- Ability to work independently and meet deadlines
- Attention to detail and a high level of accuracy
- Strong communication and interpersonal skills
MHI Ship Repair & Services offers competitive wages and an excellent benefit package.
Affirmative Action/EOE Employer of protected veterans and individuals with disabilities.