Job Application for Inventory & Material Accountant at Millennium Space Systems

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Company Overview
Millennium Space Systems, A Boeing Company delivers affordable, high-performance space systems for exacting customers. At Millennium, you will be part of a close-knit team working on exciting technological problems. We work in an open environment where ideas are shared across all disciplines, and there are ample opportunities for advancement based on excellence. Superstars are welcome.

At Millennium, we innovate and collaborate to make the world a better place. From the seabed to outer space, you can contribute to work that matters with a company committed to fostering an environment for every teammate that's welcoming, respectful and innovative, with great opportunities for professional growth. Find your future with us.

Job Summary
The Inventory & Material Accountant is responsible for 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 position's internal job code is Accountant. Our team is currently hiring for a level 4.

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

Minimum Qualifications

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 Qualifications

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

Summary Pay-Range
Please note that the salary information shown below is a general guideline only of what is reasonably expected to be paid for the position. Salaries are based upon candidate experience and qualifications, as well as market and business considerations.

Level 4: $102,000 - $150,000

Before applying, please note:
Millennium is DDTC-registered, ITAR-compliant Company. This position is located at a facility that requires special access. Applicants MUST be U.S. citizens and eligible for a security clearance. Additionally, applicants must be willing to apply for and maintain a security clearance. We encourage all interested candidates to apply for any open position for which they feel they are qualified.

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