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Sr. Cost Accountant (Ref2320J)

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Elbit Systems of America

2024-10-04 18:44:31

Job location Fort Worth, Texas, United States

Job type: fulltime

Job industry: Accounting

Job description

Job Description

This role applies Generally Accepted Accounting Principles and the principles of revenue recognition and cost to conduct studies which provide detailed project information not supplied by general accounting systems. This role collects then studies data to determine costs of business activity, (such as raw material purchases), inventory and labor expense as well as assisting in the recording of revenue per various recognition methods. Specialist on complex matters. Has authority to make independent decisions on matters of significance, free from immediate direction and within the scope of their responsibilities.

Responsibilities

Apply declarative revenue recognition rules on a program-by-program basis for application to forecasted/actual performance.

Study and collect data to determine costs of business activity (such as raw material purchases), inventory and labor.

Drive process improvements and proactively recommend changes to continuously improve revenue accounting practices.

Maintain, update, and verify project schedules for accurate revenue and cost recording.

Accurately track project completion and related inventory

Work with cross functional staffs to research and analyze complex revenue recognition issues. Devises or modifies procedures to solve complex problems.

Perform month-end account reconciliations.

Provide technical accounting support to corporate accounting groups and the business units.

Ad hoc financial reporting

May assume a team lead role for the workgroup, supervise and guide lower-level staff.

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