Cost Accountant

3 weeks ago


Norfolk, Virginia, United States Marine Hydraulics International, LLC Full time
Job Summary

We are seeking a highly analytical and detail-oriented Cost Accountant to join our team at Marine Hydraulics International, LLC. The ideal candidate will have a strong background in cost accounting principles and be knowledgeable about standard costing methodologies.

Key Responsibilities
  • Calculate monthly revenue and prepare various financial project result reports.
  • Assist in the review of monthly project EACs; provide support as needed to project managers in the preparation of EACs.
  • Prepare month-end journal entries, account reconciliations, and other analysis.
  • Assist in the periodic update of financial forecasts, including project revenue, gross margin, and indirect expenses.
  • Understand and explain variances between actual and forecasted indirect rates.
  • Ensure indirect rates are compliant with FAR and CAS. Perform applicable research and discuss with management to ensure alignment.
  • Provide support to the Contracts department; assist with cost reporting and related requirements.
  • Support the development and improvement of cost accounting systems and processes.
  • Prepare and/or oversee the timely preparation of all contractual invoices, which may include fixed price, cost type, or time and material billings.
  • Continuously monitor open accounts receivable. Understand issues behind late accounts receivable and work with appropriate internal and external counterparts to resolve timely.
  • Support preparation of cash-flow forecasts.
  • Prepare annual incurred cost submission to DCAA. Serve as primary support for DCAA audits.
  • Provide support during internal and external audits.
  • Drive continuous process improvements and participate in other ad-hoc projects as needed to support the business.
Requirements
  • Bachelor's degree in accounting, finance, or a related field.
  • Three - five years of experience as a cost accountant or similar role.
  • Strong understanding of cost accounting principles and methodologies.
  • Proficiency in MS Excel and other financial software.
  • Excellent analytical and problem-solving skills.
  • Ability to work independently and meet deadlines.
  • Attention to detail and a high level of accuracy.
  • Strong communication and interpersonal skills.
What We Offer

Marine Hydraulics International, LLC offers competitive wages and an excellent benefit package.

Affirmative Action/EOE Employer of protected veterans and individuals with disabilities.


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