Magellan Aerospace Limited · 17 hours ago
Senior Cost Accountant
Queens, NY
Full-time
Onsite
Mid, Senior Level
$105K/yr - $115K/yr
3+ years expMagellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. The Senior Cost Accountant will manage financial data, provide detailed cost analysis, and support decision-making processes within the manufacturing sector.
AerospaceManufacturing
Responsibilities
Perform cost analysis on products and processes to identify areas for cost reduction, process improvement, and efficiency gains
Prepare monthly, quarterly, and annual cost reports, including cost of goods sold (COGS), gross margin analysis, and inventory valuation
Assist in preparation of Journal Entries, company Financial Statements and Month, Quarter and Year end Closing
Provide timely and accurate financial information to management for decision-making, budgeting, and forecasting purposes
Collaborate with operations, production, and engineering teams to monitor variances and explain fluctuations in costs
Assist in the preparation of cost for monthly forecasts and budgets
Analyze cost variances between Actual cost and Forecasted costs
Assist in inventory audits and year end physical inventory working closely with the Inventory Manager and purchasing departments to ensure proper inventory valuation
Prepare and participate in internal and external audits, providing supporting documentation and analysis for compliance with accounting standards and regulations
Monitor and analyze manufacturing labor efficiency and overhead absorption rates to ensure alignment with budgeted costs
Analyze variances, ad hoc requests or any other assigned tasks
Identify opportunities for process improvement in cost accounting practices, reporting, and systems
Qualification
Required
Bachelor's degree in Accounting, Finance, or a related field
Minimum of 3-5 years of cost accounting experience in the aerospace or manufacturing industry
Strong knowledge of cost accounting principles, including job order costing, process costing, and standard costing
Experience with ERP systems (e.g., SAP, Oracle, or similar) and advanced Excel skills
Excellent analytical, problem-solving, and communication skills
Ability to work collaboratively in a fast-paced environment and meet tight deadlines
Strong attention to detail with a focus on accuracy and process improvement
Preferred
Familiarity with aerospace industry standards, regulations, and practices, including AS9100 which is desirable but not necessary
Benefits
Competitive salary
Attractive benefits package
Generous Company Pension Plan
Positive work-life balance
Excellent career progression opportunities
Commitment to professional growth
Employee Assistance Program
Fully paid Tuition Assistance Program (where applicable)
Free parking
Company
Magellan Aerospace Limited
Magellan Aerospace (TSX:MAL) is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
$17M2025-01-09Post Ipo Debt· $9M
2025-01-09Grant· $8M
1996-05-10IPO
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