What are the responsibilities and job description for the Senior Cost Accountant position at Rocket Lab USA?
SENIOR COST ACCOUNTANT
Based at Rocket Lab’s headquarters in Long Beach, California the Senior Cost Accountant will be responsible for the cost analysis and overtime customer contract revenue, cost of sales, project inventory and estimated margin analysis. This position requires the ability to maintain accurate revenue and cost of sales for significant Rocket Lab customer contracts.
The Senior Cost Accountant will report to Cost Accounting Manager and work closely with the accounting team and partner with various team members throughout the organization.
What you'll get to do:
Project Revenue & Cost Activities:
- Evaluate and establish new Rocket Lab Customer Contracts performance of obligation to ensure the revenue and cost match meet GAAP requirements.
- Assign project numbers based on performance obligations to Customer Contracts
- Manage and update weekly “Contract Project Master Data” for cost accounting
- Organize monthly meetings with Project Managers and Planners to evaluate and document project progress
- Calculate the project changes impact to the project estimated cost to complete
- Publish monthly Projects Estimated Margin Variance Report for Overtime and Point in Time Contracts
- Collaborates with other department managers in reporting and reviewing various project cost trends and key project performance indicators.
- Initiate process improvement projects to update transactional, financial, and reporting processes.
Month End Activities:
- Prepare and update inventory by project
- Book monthly journal entries to recognize Overtime Contracts Revenue and Cost
- Analyze and reconcile monthly inventory and Sales & Cost of Goods Sold Accounts
- Complete revenue and cost of sales - SOX Control Requirements
- Support R&D Project Cost Analyst
- Complete quarterly inventory Flex Analysis
- Prepare quarterly overtime contracts “Revenue and Cost” Auditors Schedule
- Support annual labor rates and overhead setup
- Provide support with internal and external audit requests
REQUIRED SKILLS
- Excellent interpersonal, verbal and written communication skills with the ability to explain complex project cost information to others
- Strong skills to analyze variance, attention to details organizational skills and ability to prioritize
- Analytical & independent problem-solving skills to evaluate operations activities and financial impact to project cost
- Ensuring compliance with GAAP and/or International Financial Reporting Standards (IFRS).
- Experience with manufacturing ERP System to evaluate production orders cost, bill of materials and routings
- Proficient in Microsoft Office Suite
- Advance Excel skill is a must
You'll bring these qualifications:
- Bachelor's degree in accounting or equivalent combination of relevant education and experience.
- Minimum five (5) years of experience in the general ledger and cost accounting area.
These qualifications would be nice to have:
- Certified Management Accountant (CMA)
- Experience working in a manufacturing environment, preferably within the aerospace and defense industry.
- ERP experience using Infor LN, Oracle, JDE, SAP or similar ERP system
Salary : $80,000 - $120,000
