Cost Accountant

Now hiring in Norfolk, VA

MHI Ship Repair & Services is a major marine repair and conversion contractor serving the U.S. Navy, Military Sealift Command, Maritime Administration and Commercial ship owners and operators worldwide. Our shipyard is conveniently located in the Mid-Atlantic region at the port of Hampton Roads, Norfolk Virginia.

JOB SUMMARY:

We are seeking a highly analytical and detail-oriented Cost Accountant to join our team. The Cost Accountant will play a key role in ensuring the accuracy and integrity of our financial records, as well as providing valuable insights to support decision-making. The ideal candidate will have a strong background in cost accounting principles and be knowledgeable about standard costing methodologies. Excellent problem-solving skills and the ability to work independently are essential for success in this role.

ESSENTIAL FUNCTIONS

Calculate monthly revenue and prepare various financial project result reports.

Assist in the review of monthly project EACs; provide support as needed to project managers in the preparation of EACs.

Prepare month-end journal entries, account reconciliations and other analysis.

Assist in the periodic update of financial forecasts, including project revenue, gross margin, and indirect expenses.

Understand and explain variances between actual and forecasted indirect rates.

Ensure indirect rates are compliant with FAR and CAS. Perform applicable research and discuss with management to ensure alignment.

Provide support to the Contracts department; assist with cost reporting and related requirements.

Support the development and improvement of cost accounting systems and processes.

Prepare and/or oversee the timely preparation of all contractual invoices, which may include fixed price, cost type, or time and material billings.

Continuously monitor open accounts receivable. Understand issues behind late accounts receivable and work with appropriate internal and external counterparts to resolve timely.

Support preparation of cash-flow forecasts.

Prepare annual incurred cost submission to DCAA. Serve as primary support for DCAA audits.

Provide support during internal and external audits.

Drive continuous process improvements and participate in other ad-hoc projects as needed to support the business.

MINIMUM QUALIFICATIONS

Bachelor's degree in accounting, finance, or a related field

Three - five years of experience as a cost accountant or similar role

Strong understanding of cost accounting principles and methodologies

Proficiency in MS Excel and other financial software

Excellent analytical and problem-solving skills

Ability to work independently and meet deadlines

Attention to detail and a high level of accuracy

Strong communication and interpersonal skills

MHI Ship Repair & Services offers competitive wages and an excellent benefit package.

Affirmative Action/EOE Employer of protected veterans and individuals with disabilities.

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