Cost Accountant

Who is FMI?

FMI Aerostructures is one of the largest independent manufacturing businesses serving the aerospace & defense industry. Our 250-member team has been a trusted supply chain partner that manufactures critical structural components and complex assemblies for major aerospace players for over 40 years.

Why FMI makes a difference?

Customers are at the center of everything at FMI. We are excited that this team can work with key partners like Northrop Grumman and Lockheed Martin using our critical components to help important new aerospace programs take flight. Our machinists are the best in the industry, and we are investing to support their continued success. When they win, our customers win.

Why FMI could be the right fit for your career?

This is an opportunity to work locally for a long-standing, stable business that is investing to grow.

Job Summary:

As a Cost Accountant, you will play a crucial role in managing and analyzing financial data to support strategic decision-making. In this position, you will collaborate with cross-functional teams to ensure effective cost control and financial planning, contributing to the success of our programs.

Supervisory Responsibilities:

None

Job Responsibilities:

- Analyze and prepare cost estimates for projects and manufacturing.

- Track costs associated with specific projects or jobs, including labor, materials, and overhead.

- Develop and maintain accurate cost accounting records and documentation.

- Monitor and report on project costs and variances to ensure budget compliance.

- Collaborate with engineering, procurement, and production teams to assess cost allocations.

- Conduct cost-benefit analysis to support decision-making processes.

- Review and analyze financial data to identify cost-saving opportunities.

- Assist in the preparation of financial forecasting and budgeting for aerospace projects.

- Ensure compliance with relevant financial regulations and standards.

- Participate in audits and provide necessary documentation and explanations.

- Support pricing strategies and contract negotiations by providing cost data and analysis.

- Implement and improve cost accounting systems and procedures.

- Prepare detailed reports on cost performance and present findings to management.

- Assist in inventory valuation and management to optimize stock levels and costs.

- Evaluate and recommend process improvements to enhance cost efficiency.

Required Skills/Abilities:

- Strong understanding of manufacturing processes and cost accounting principles.

- Proficiency in accounting software and ERP systems, such as Jobboss

- Advanced Excel skills, including pivot tables, VLOOKUP, and data analysis.

- Knowledge of industry-specific regulations and compliance requirements.

- Excellent analytical and problem-solving skills.

- Strong attention to detail and accuracy.

- Ability to work independently and as part of a team.

- Excellent communication and interpersonal skills.

- Ability to manage multiple projects and meet deadlines.

- Experience with standard costing, variance analysis, and inventory management.

- Familiarity with budgeting and forecasting processes.

- CPA or CMA certification is a plus.

- This position is subject to the International Traffic in Arms Regulations (ITAR) which requires U.S. person status. ITAR defines U.S. person as an U.S. Citizen, U.S. Permanent Resident (i.e. 'Green Card Holder'), Political Asylee, or Refugee.

Educational Qualification and Experience:

- Bachelor's degree in Accounting, Finance, or related field.

- Minimum of 3-5 years of experience in cost accounting, preferably within the aerospace industry.

Physical Demands:

* The physical demands described here are representative of those that must be met by an employee to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

* While performing the duties of this Job, the employee is regularly required to stand; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee is frequently required to walk and climb or balance. The employee is occasionally required to stoop, kneel, crouch, or crawl. The employee must occasionally lift and /or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus.

Work Environment:

* The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

* While performing the duties of this Job, the employee is regularly exposed to moving mechanical parts. The employee is frequently exposed to high, precarious places and vibrations. The employee is occasionally exposed to fumes or airborne particles, toxic or caustic chemicals, and outside weather conditions. The noise level in the work environment is usually quiet to moderate.

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