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Boeing · 18 hours ago

Inventory & Material Accountant - Millennium Space Systems

USA - El Segundo, CA

Full-time

Onsite

Senior Level, Lead/Staff

$102K/yr - $150K/yr

10+ years exp

Millennium Space Systems, a part of Boeing Defense, Space and Security, is seeking a motivated and detail-oriented Inventory & Material Accountant. This role involves leading inventory and material accounting processes, ensuring accurate tracking, valuation, and reconciliation of materials and inventory for production and strategic purposes.

AerospaceIndustrial

No H1B

Security Clearance Required

U.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 Ledger

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

Material AccountingInventory AccountingCost AccountingFinancial ReportingDeltek CostpointGAAP KnowledgeAnalytical SkillsAttention to DetailCross-Functional CollaborationProblem Solving

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