Senior Cost Accountant

RELOCATION ASSISTANCE: Relocation assistance may be availableCLEARANCE TYPE: NoneTRAVEL: Yes, 10% of the Time Description At Northrop Grumman, our employees have incredible opportunities to work on revolutionary systems that impact people's lives around the world today, and for generations to come. Our pioneering and inventive spirit has enabled us to be at the forefront of many technological advancements in our nation's history - from the first flight across the Atlantic Ocean, to stealth bombers, to landing on the moon. We look for people who have bold new ideas, courage and a pioneering spirit to join forces to invent the future, and have fun along the way. Our culture thrives on intellectual curiosity, cognitive diversity and bringing your whole self to work - and we have an insatiable drive to do what others think is impossible. Our employees are not only part of history, they're making history.Northrop Grumman Aeronautics Systems is seeking a skilled, experienced Senior Principal Cost Accountant to join our financial reporting and cost accounting team. In this position you will be responsible for overseeing and analyzing cost within the sector. The Lead Cost Accountant must have the ability to apply the principles of accounting to analyze account balances within the Aerospace sector. When reviewing the account balances the account will need to research and process journal entries in a timely manner. This is critical since the correction or adjustments impact the Aerospace programs. It is important that the candidate understand the concept of overhead application. Overheads are the sectors indirect cost, which is flowed down to the programs through the overhead process. As the lead sector cost accountant you will be responsible to perform monthly and quarterly validations on the overheads and allocated cost. You will also work across teams to present and translate financial information and assist in company audits.
Candidates should be familiar with the CO and PS modules in SAP. The lead accountant will spend a great deal of time analyzing the labor and non-labor allocations within the SAP system known as assessments and distributions. Will need to ensure management that costs are allocated according to the established sector procedures. Responsible for uploading and reviewing Project Master Data requests and ensuring all required data fields are correctly completed and uploaded. The AS sectors Project master data includes Profit centers, Networks and WBS. Lead accountant will be responsible for running weekly unsettled reports on the PS master data. The unsettled cost is cost that failed to flow downstream to the other sectors or program WBS.
Will be required to work closely with all the different programs within the AS sector. This requires answering questions and provided status on allocated cost and overheads. Will be responsible for ensuring non labor transfer and accruals are in compliance with policy and processed timely. Being the lead will require you to interact with customers on a daily bases, assisting the programs with research requests or inquires. Must be able to perform with the sector labor accounts and types of labor. Which will lead to detailed analysis and reconciliation of labor allocations. At times the lead accountant will need to work special projects or lead teams on special task.
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