Sr. Cost Accountant

Overview

Johnson Service Group is looking for a Sr. Cost Accountant with 5 years’ experience working in an Aerospace or Manufacturing environment. This is a Direct job for an Aircraft company in Oxnard, CA.

$140K

Works with minimal supervision to maintain the cost accounting system and ensure compliance with CAS, ASC 606 revenue recognition, GAAP, and company policies. Owns month-end and quarter-end close processes related to inventory, cost of sales, and revenue recognition, including preparation of journal entries, reconciliations, and reporting. Performs inventory audits and cycle counts, analyzes cost variances, maintains standard costs, and ensures adherence to PTI SOX requirements.

• Supervise, mentor, and develop 2–3 Cost Accountants and Cost Estimators, with a focus on building foundational and advanced skills in government cost accounting and estimating.
• Lead month-end and quarter-end close activities for inventory, cost of sales, and related revenue recognition accounts, including preparation and review of journal entries, account reconciliations, and supporting analysis.
• Prepare and record revenue recognition entries in accordance with ASC 606; maintain complete and audit-ready supporting documentation.
• Maintain cost accounting configuration and standard cost structures within Oracle ERP; research, identify, and resolve system discrepancies impacting inventory valuation and cost of sales reporting.
• Develop and maintain standard costs in Oracle; analyze and investigate manufacturing variances, purchase price variance (PPV), and other cost variances, providing detailed explanations and recommending corrective actions.
• Prepare and analyze gross margin reports by product line and business segment; communicate financial drivers and trends to management.
• Support and participate in physical inventory and cycle counts; perform inventory reconciliations and variance analysis.
• Conduct WIP audits; prepare summary findings and recommend process improvements to improve inventory accuracy and cost control.
• Analyze inventory valuation, excess and obsolete reserves, and recommend adjustments as necessary to ensure proper financial reporting.
• Perform labor and overhead rate impact analysis in support of costing, pricing, and operational decision-making.
• Execute and document SOX controls related to inventory, standard cost, and revenue recognition to ensure compliance with internal control requirements.
• Provide internal and external audit support, including preparation of schedules, reconciliations, and supporting documentation.
• Possess and apply working knowledge of the Truthful Cost or Pricing Data (TINA) requirements to support proposal development, including identification, accumulation, and certification of cost or pricing data for government bids and negotiations.
• Ensure cost estimates, supporting schedules, and pricing documentation comply with TINA, FAR Part 15, and applicable Cost Accounting Standards (CAS).
• Serve as a subject matter resource for the organization on CAS interpretation, application, and disclosure, including consistency in estimating, accumulating, and reporting costs.
• Support the development, maintenance, and periodic review of CAS compliant cost structures, including indirect rate methodologies, allocation bases, and cost pools.
• Partner with Finance, Contracts, and Program Management to support forward pricing rates, proposals, and audit readiness related to CAS and certified cost or pricing data.
• Assist with internal and external audits related to CAS compliance, TINA certifications, DCAA inquiries, and government pricing reviews, providing accurate and well‑supported responses.
• Support R&D tax credit documentation and other tax department requests as needed.
• Support management with monthly reporting requirements, financial analysis, and ad hoc requests.
• Identify opportunities for process improvements and cost savings; support implementation efforts to enhance financial performance and operational efficiency.
• Generate and maintain desktop procedures and process documentation.
• Apply corporate financial policies, CAS requirements, GAAP and…