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Cost Accountant

Job in Severn, Anne Arundel County, Maryland, 21144, USA
Listing for: LHH
Full Time position
Listed on 2026-11-04
Job specializations:
  • Accounting
    Cost Accountant, Financial Reporting, Financial Analyst, Senior Accountant
Salary/Wage Range or Industry Benchmark: 75000 - 110000 USD Yearly USD 75000.00 110000.00 YEAR
Job Description & How to Apply Below

This position will work closely with operational and finance teams to monitor project performance, maintain accurate project cost information, support percentage-of-completion revenue recognition, and strengthen inventory and cost accounting processes. The role will also assist with balance sheet reconciliations, journal entries, month-end close, and ongoing process improvements.

Project Accounting & Revenue Recognition
  • Partner with project and operational teams to gather and analyze project costs, estimated costs to complete, margins, milestones, and changes in project scope.
  • Maintain project accounting schedules used to support percentage-of-completion and cost-to-cost revenue recognition.
  • Assist with revenue recognition in accordance with ASC 606 and applicable U.S. GAAP requirements.
  • Review actual project performance against budgets and estimates, identifying margin fluctuations, cost overruns, and other financial risks.
  • Prepare and support journal entries and reconciliations related to project revenue, costs, contract assets, contract liabilities, and other project accounts.
  • Assist with financial closeout of completed projects, including reviewing final costs, billing activity, outstanding commitments, and required adjustments.
Cost & Inventory Accounting
  • Support accounting processes and controls surrounding inventory, work in process, job costing, and project-related costs.
  • Reconcile inventory and project cost information across accounting systems, operational reports, and supporting schedules.
  • Analyze manufacturing and project costs, including materials, labor, overhead, usage, and purchasing variances.
  • Work closely with operations and supply chain teams to improve the accuracy and completeness of cost and inventory reporting.
  • Support cycle counts and physical inventories and research related adjustments or discrepancies.
General Accounting & Process Improvement
  • Prepare balance sheet reconciliations for assigned accounts, including inventory, intercompany, project, and contract-related accounts.
  • Support month-end and year-end close activities, including journal entries, account analysis, and audit requests.
  • Develop and maintain accounting procedures, schedules, documentation, and internal controls.
  • Participate in accounting system improvements, data cleanup, testing, and future system implementation initiatives.
  • Identify opportunities to streamline manual processes and improve the accuracy and efficiency of financial reporting.
Required
  • Bachelor’s degree in Accounting, Finance, or a related discipline preferred.
  • 3+ years of progressive accounting experience within project accounting, cost accounting, inventory accounting, general ledger accounting, or a related area.
  • Strong understanding of accrual accounting, journal entries, account reconciliations, and U.S. GAAP.
  • Ability to analyze operational and project information and translate it into accurate accounting results.
  • Strong analytical, organizational, communication, and problem-solving skills.
  • Ability to manage multiple priorities while meeting monthly close and reporting deadlines.
Preferred
  • Experience with ASC 606 revenue recognition and percentage-of-completion or cost-to-cost accounting.
  • Experience supporting long-term projects, contracts, or project-based operations.
  • Background in a manufacturing, construction, engineering, or other project-driven environment.
  • Experience with inventory, work in process, job costing, manufacturing costs, or variance analysis.
  • Experience working in an organization undergoing process improvement or ERP/system changes.
  • Medical, dental, and vision insurance
  • 401(k) plan with employer match
  • Paid holidays
  • Paid sick leave
  • Life and disability insurance

Equal Opportunity Employer/Veterans/Disabled

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The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:

The California Fair Chance Act

Los Angeles City Fair Chance Ordinance

Los Angeles County Fair Chance Ordinance for Employers

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