MaterialCostAccountant

Material Cost Accountant - Millennium Space Systems **Company:** Millennium Space Systems Millennium Space Systems, a part of Boeing Defense, Space and Security (BDS), is a fast, agile small satellite company focused on national security space. Our missions have direct impact to global security, like missile warning and Earth observation. Our team is curious, bold and innovative. We take risks, innovate and explore new techniques and technologies. We influence change because we challenge the status quo. And when we watch our satellites launch, we know each one of us made it happen. We are seeking a motivated and detail-oriented**Material Cost Accountant.** Responsibilities include 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 is an onsite role in El Segundo, California. This position's internal job is Accountant. Our team is currently hiring for level 4. **_Position 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, inve