Inventory & Material Accountant Millennium Space Systems

Company:

Millennium Space Systems (MSS) a part of Boeing Defense Space and Security (BDS) is seeking a motivated and detail-oriented Inventory & Material Accountant. Responsibilities include leading inventory & material accounting processes as well as reporting of company-owned materials and inventory. This role ensures accurate tracking valuation and reconciliation of raw materials parts and supplies used for production research and strategic purposes. The position requires strong analytical skills attention to detail and knowledge of Generally Accepted Accounting Principles (GAAP) Cost Accounting Standards (CAS) and inventory management practices. This is an onsite role in El Segundo California.

Position Responsibilities:

• Accounting for purchases receipts transfers and consumption of materials and company-owned inventory
• Performs month-end close procedures to ensure inventory balances are calculated correctly. Reviews and posts journal entries for inventory movements into the General Ledge
• Ensures company costing methods (FIFO LIFO weighted average) are accurately applied to arrive inventory value
• Calculates reserves for E&O (excess & obsolete) and slow-moving inventory
• Performs inventory & material analyses required by GAAP CAS FAR or other authoritative and regulatory bodies such as Lower of Cost or Market Analysis Purchase Price Variance Scrap inventory reserves etc.
• Performs monthly reconciliations between inventory subledger and general ledger. Investigates discrepancies from cycle counts scrapping or lost inventory. Manage company-owned inventory accounts cost of goods sold (COGS) accounts and other inventory related balance sheet accounts
• Analyzes manufacturing variances (PPV labor overhead absorption scrap) and recommend corrective actions
• Develops and maintain standard costing methodologies
• Ensures compliance with Boeing accounting policies and internal controls
• Partners with corporate audit team to resolve control deficiencies and support compliance efforts. Maintain and enforce corporate financial policies and procedures
• Supports government audits
• Collaborate with cross-functional teams to improve data accuracy and streamline inventory and material processes
• Coordinate with cross-functional teams for consistent KPI tracking and reporting
• Lead financial discussions in operations reviews and deliver actionable insights
• Participates in special projects focused on process improvement system automation and policy development

Basic Qualifications (Required Skills/Experience):

• Bachelors degree in Finance Accounting or related field (CMA CPA or MBA preferred)
• Minimum 10 years of material and inventory accounting experience in a manufacturing environment or similar
• Strong knowledge of material accounting inventory accounting cost accounting and financial reporting
• Deltek Costpoint or similar ERP systems
• Proven ability to partner cross-functionally and influence operational outcomes
• Ability to analyze data identify problems and develop effective solutions
• This position requires the ability to obtain a U.S. Security Clearance for which the U.S. Governmentrequires U.S. Citizenship. An interim and/or final U.S. Security Clearance Post-Start isrequired

Preferred Qualifications (Desired Skills/Experience):

• Experience in aerospace and defense or other government contractors desired
• Extensive experience with Costpoint including a deep understanding of advanced functionalities and best practices in the Accounting and Materials domains

Conflict of Interest:

Successful candidates for this job must satisfy the Companys Conflict of Interest (COI) assessment process.

Drug Free Workplace:

Millennium Space Systems A Boeing Company is a Drug Free Workplace where post offer applicants and employees are subject to testing for marijuana cocaine opioids amphetamines PCP and alcohol when criteria is met as outlined in our policies.

Pay & Benefits:

Millennium Space Systems A Boeing Company offers a very competitive benefits package to include medical dental vision and 401k plan.

• Level 4: $102000 - $150000

Language Requirements:

Education:

Relocation:

Export Control Requirement:

Safety Sensitive:

Security Clearance:

Visa Sponsorship:

Contingent Upon Award Program

Shift:

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