Cost Accountant III

Cost Accountant III

Cost Accountant III serves as a key member of the finance team, responsible for ensuring the accuracy and integrity of cost accounting and financial reporting processes. This role provides financial analysis and operational insights to support business performance, maintains compliance with company policies and SOX requirements, and contributes to strategic initiatives and continuous improvement efforts. The position may also provide leadership and mentorship to other accounting personnel.

Who are we?

Founded in 1849, Ducommun is the oldest company in California. Starting as a hardware supply store during the California Gold Rush and eventually assisted in the birth of the aerospace industry in Southern California by providing aircraft aluminum to early aerospace pioneers like Lindbergh, Douglas and Lockheed.

Today Ducommun is a global provider of innovative manufacturing solutions for customers in the aerospace, defense and industrial markets. We specialize in electronic and structural systems, producing complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications.

Our Facility in Tulsa, OK manufactures state-of-the-art circuit boards for Aerospace and Defense.

Essential Functions

40% of time

* Performs analysis and validation of monthly Gross Profit reports and General Ledger input including components of cost (DL, Mat'l, Burden, Scrap etc.)

* Performs analysis of spending trends on a monthly and YTD basis

* Provide support in development of Annual Operating Plan for Performance Center

* Compute and prepare financial statements, statistical reports; prepare analyses and make recommendations resulting from the analyses

* Reconcile and update KPI information timely and accurately as required by corporate goals and guidelines

* Prepare and reconcile the monthly reports for various general accounting activities including but not limited to sales, bookings, backlog, fixed assets, and other general ledger accounts

* Prepare supporting documentation and journal entries

* Perform daily accounting activities related to AR and AP as required

* Maintain effective controls on inventory / COGS and ensure compliance with Sarbanes - Oxley

* Coordinates and participates in cycle counts and annual physical inventories

* Prepares monthly royalty reports

40% of time

* Complete monthly checklist of tasks and ensure the timely documentation in accordance with defined procedures and noted SOX controls

* Responsible for the monthly reconciliation of intercompany balances between the reporting entities, including the preparation and recording of any required adjustments

* Coordinate completion of the shipping and FOB cutoff to support revenue recognition

* Maintain customer collection in accordance with payment terms and company objectives

* Perform monthly review of the assigned entities financial information, review and perform reconciliations as required

* Prepare monthly financial narrative to explain trend and budget variances

* Assist in the calculation and recording of the month's sales and cost of sales eliminations between the reporting entities and intercompany partners

* Responsible for the upload and maintenance of the monthly financial information into the local and corporate reporting systems for the assigned entities

* Responsible for maintenance of certain supporting work papers for each assigned entity (bad debt roll forward, fixed assets roll forward, inventory reserves, etc.)

* Perform ad hoc projects and analyses as required

* Assist with supporting documents for US and statutory tax compliance

10% of time

* Maintain and monitor fixed asset acquisitions and capital expenditure data to ensure compliance

* Coordinate accounting matters and participate in process development with other departments and Performance Centers

* Prepare documentation for internal and external audit of general accounting activities as needed for financial and SOX audits

* Prepare and coordinate documents for customer and government bid audits

* Provide Corporate office with any necessary cash and financial information as required

10% of time

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