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Sr. Accountant-Aerospace
Career Insights for Accountant (General)
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Based on New York data
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What they do
An Accountant organizes and maintains financial records and prepares financial statements for companies and organizations. Works as a public accountant (prepares financial documents where public disclosure is required by law, such as business balance sheets and tax returns), management accountant (prepares financial information for internal use by a company) or government accountant (maintains records for government agencies).
$79,643 / year median in New York
-18% projected decline
Job Description
SUMMARY:
Responsible for the performance of various accounting functions, including monthly close procedures, invoicing, billing, accounts payable management/processing, cash flow management, forecasting, cost accounting and payroll. Prepare analyses as well as accounting reports according to GAAP. A key catalyst for operating and production capabilities through timely provision of support as well as partner with operational leadership. Position reports to the ControllerESSENTIAL FUNCTIONS
- Completes month end close procedures, including preparing journal entries, updating financial results, and preparing reporting packages with accuracy and expediency
- Assess and analyze the cost structure of the business, including production expenses, overhead, and inventory valuation.
- Develops and maintains budgets, ensuring that all costs are accounted for and aligned with organizational goals.
- Work closely with other accounting and finance professionals, as well as department heads, to support financial planning and operational improvements.
- Supports the annual external financial statement audit process
- Provides technical advice and guidance according to Federal/State regulations and GAAP
- Prepare regular reports on cost efficiency and profitability, providing insights to management for informed decision-making as well as provides job cost analysis as required
- Maintains job cost ledger and ensures accuracy of the data flow from payroll, PO receiving and other direct costs
- Monitor inventory accuracy and conduct regular audits to ensure proper valuation and reporting of inventory costs.
- Fixed Assets/Capital Expenditures
ADDITIONAL DUTIES
- Review, approve, and record invoices and accruals related to purchases
- Liaise with production to record and invoice shipments of orders as they occur
- Manage cash flow and capital expenditures to ensure appropriate liquidity
- Identify and record necessary journal entries that arise throughout the accounting period
- Support specific strategic priorities and projects across the business, including financial statement close process optimization, technological modernization and operational redesign
- Effective management and timely performance of recurring activities
- Proficiency in managing cash flow position and effectively reporting to leadership
- Identification and implementation of value-add projects and processes
- Responsiveness to internal stakeholders and issues impacting the business
EDUCATION REQUIRED
- Bachelor's degree in Accounting
EXPERIENCE REQUIRED
- Strong problem-solving skills and attention to detail are required for success in this role as well as strong communication, analytical and organizational skills
- 5-7 years of accounting experience with a focus on cost accounting preferred, ideally in aerospace, defense or other regulated industries
- Strong analytical abilities to interpret financial data and identify cost-saving opportunities
- Must be proficient in Microsoft Excel, particularly with skills related to summarizing and analyzing data
PHYSICAL DEMANDS/WORK ENVIRONMENT
- Ability to sit and perform repetitive tasks for extended periods
- This role requires a high degree of accuracy, attention to detail, and the ability to manage multiple tasks.