Millennium Space Systems · 3 days ago
Inventory & Material Accountant
El Segundo, CA
Full-time
Onsite
Senior Level, Lead/Staff
$102K/yr - $150K/yr
10+ years expMillennium Space Systems, A Boeing Company delivers affordable, high-performance space systems. The Inventory & Material Accountant is responsible for leading inventory & material accounting processes, ensuring accurate tracking and reporting of company-owned materials and inventory.
AerospaceSpace Travel
No H1B
Security Clearance RequiredU.S. Citizen Only
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
Qualification
Required
Bachelor's 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. Government requires U.S. Citizenship. An interim and/or final U.S. Security Clearance Post-Start is required
Preferred
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
Company
Millennium Space Systems
Millennium Space Systems, a provider of agile, flight-proven small-satellite solutions.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
unknown2018-08-16Acquired
Leadership Team
Robert Jacobsen
Chief Financial Officer
Shasta Noble
Chief Financial Officer
Recent News
Spaceflight Now
2025-09-30
MEXICONOW
2025-09-27
2025-09-17
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