Virgin Galactic

Sr. Cost Accountant

Company Virgin Galactic
Category Finance
US-CA-Mojave
Req No.
2021-6547
Type
Regular Full-Time
Classification
Exempt
Location : Location
US-CA-Mojave

Who we are

Virgin Galactic, www.VirginGalactic.com (NYSE: SPCE), recognizes that the answers to many of the challenges we face in sustaining life on our beautiful but fragile planet, like in making better use of space. Sending people to space has not only expanded our understanding of science, but taught us amazing things about human ingenuity, physiology and psychology. From space, we are able to look with a new perspective both outward and back. From space, the borders that are fought over on Earth are arbitrary lines. From space, it is clear that there is much more that unites us than divides us.

 

“We are at the vanguard of a new industry determined to pioneer twenty-first century spacecraft, which will open space to everybody — and change the world for good.”  Sir Richard Branson, Founder, Virgin Galactic

 

If you are looking for a challenging opportunity that will ignite your passion for designing cool and innovative products, are exceptionally creative, are a great problem solver and can make things happen - apply today!

Your Mission

Virgin Galactic is seeking an experienced Sr. Cost Accountant to assist in all inventory cost related activities within the accounting groups and other related outside process owners in our Mojave, CA facility. We are seeking an individual who is pro-active, self-directed and possesses an atypical high quality bar for themselves. If you’re the type of person who obsesses over details and thrives in a collaborative, fast-paced start up environment, Virgin Galactic may be the place for you.

  • Perform Monthly Inventory Reconciliation and reserves calculation process, including:
    • Balancing perpetual inventory to GL to identify differences and necessary steps to correct
    • In-transit inventory accruals;
    • Subcontracting costing;
    • Obsolete & Slow Moving Inventory Reserves;
    • Inventory Variance Reserves (PPV, Operating Variance);
    • LCM Reserve; and
    • Scrap activity reporting and balancing.
  • Preparation of monthly direct, indirect and overhead allocation, and idle capacity expense;
  • Preparation of monthly yield loss variance analysis;
  • Preparation of monthly and quarterly standard rates, inventory adjustments reporting;
  • Provide guidance to operations, procurement and finance personnel in the correction or proper treatment of inventory transactions to assure accurate accounting and reporting of inventory;
  • Prepare monthly cost by projects, manufacturing (i.e. rocket motor cost) and other product and service offering by line analysis;
  • Assist in the preparation of monthly budgets for manufacturing variances and outbound freight;
  • Prepare monthly inventory balance sheet account reconciliations;
  • Prepare monthly and quarterly inventory volumes & cost reports;
  • Maintain work order-level volumes, costing and yield variance analysis models for use in refining standard productivities & yields
  • Maintain fixed/variable conversion cost reporting and operating variance analysis models for use in refining standard conversion cost charging rates;
  • Prepare raw material and scrap standard cost templates, including coordination with purchasing & operations teams to gather information and ensure standards are updated properly in ERP;
  • Assist in establishing cycle count programs and assist with annual Physical Inventories;
  • Assist outside Auditors in completing quarterly reviews and yearly audits;
  • Assist in the implementation of internal controls
  • Assist in IPO readiness (including Sarbanes Oxley)
  • Ad hoc projects as directed

What you bring

  • Bachelor’s Degree in Accounting [Required]
  • Preferably 5+ years cost accounting experience;
  • Manufacturing industry experience;
  • Experience working in a start-up environment
  • Strong understanding in ERP system (Oracle and system implementation Preferred);
  • Sarbanes Oxley Act (Sox) experience (Sox implementation experience Preferred);
  • Good time management skills to manage fluctuating work volume.
  • Strong customer service focus, both internal and external;
  • Experience working in a fast-paced team environment
  • Ability to manage conflicting priorities.
  • Ability to travel if required

 

ITAR Requirements

To conform to U.S. Government space technology export regulations, applicant must be a U.S. citizen, lawful permanent resident of the U.S., protected individual as defined by ITAR (22 CFR §120.15) or eligible to obtain the required authorizations from the U.S. Department of State.

 

As part of our commitment to health and safety, COVID-19 vaccines are required for current U.S. teammates, as well as all newly hired employees. 

As of October 1, 2021, all new hires must be able to provide proof that they are fully vaccinated against the COVID-19 virus, ( “fully vaccinated” means at least two weeks have expired since receiving the vaccination’s last dose as recommended by the manufacturer) . If  you are offered employment, this requirement must be met by your date of hire. 

 

Virgin Galactic is an Equal Opportunity Employer; employment with Virgin Galactic is governed on the basis of merit, competence and qualifications and will not be influenced in any manner by race, color, religion, gender, national origin/ethnicity, veteran status, disability status, age, sexual orientation, marital status, mental or physical disability or any other legally protected status.

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