What are the responsibilities and job description for the Cost accountant position at Safran?
Job description
As a member of the Safran Seats business, you play a major role in teamwork that provides over one million seats to major airlines worldwide. Our commitment to superior quality, comfort and innovation ensure that you can take pride in doing meaningful work that supports the needs of passengers and crews alike.
No matter your role, you connect and collaborate with your fellow team members to bring state-of-the-art, high value-added solutions to market. Because we are one of the few original equipment manufacturers (OEMs) to offer an all-inclusive range of passenger seats for commercial aircraft, you'll do impressive work that supports passengers in a variety of seating options, from economy to first class.
1. Occupational Summary (Position Objective & Authorities)
Objective:
Under minimal supervision, this position manages, analyzes and prepares an array of routine accounting functions primarily relating to the general ledger, budgets, and financial reports for Central Finance and consolidated Safran Seats USA. This position will report to the Manager of Cost accounting in the field of inventories and cost accounting. The position covers all industrial stakes, obviously pivotal in a manufacturing business as i) the large majority of operating expenses and capital expenditures (more than 80%) flow in the Profit and Loss though inventory and ii) the Inventory represents the most important asset in the balance Sheet of the company (40% of total assets). This requires close collaboration with Operational Teams (Procurement, Supply Chain, Production, Quality) in both plants in Gainesville, Texas and Chihuahua, Mexico, and some satellite locations. Position works under regular supervision.
1. Essential Functions (Duties and Responsibilities)
Main Function Responsibilities:
A) Analyze and review inventory transactions and provide ad hoc analytical analysis/forecasts.
B) Employ close attention to detailed research of costing and related variances.
C) Manage massive datasets (Excel, Power Pivot, and Power BI queries) for tracking 1M movements within inventory per month, with a wide variety of business operations.
D) Provide forensic accounting work within massive databases to address abnormalities.
E) Assessment and preparation of monthly adjustment Journal Entries to record the outcome of monthly controls and analysis.
F) Synthesize data and provide analysis for cost reduction programs.
G) Assist in the integration of new activities/processes as it relates to inventories and cost accounting.
H) Update tracking of key performance indicators to Executive management.
I) Support Operational Functions (Purchasing, Supply Chain, Operations, Programs,..) in the framework of transverse projects, change management, continuous improvement and training.
J) Assist in the analysis of inventory valuation and Industrial Accounting within the Business Unit.
Complementary description
K) Promote the adequacy and effectiveness of resources, systems, processes, and internal controls in place for meeting Group and Company standards.
L) Provide relevant analyses (including financials metrics and industrial key performance indicators).
M) Support the control - on a monthly closing basis - the gross and net valuations of Inventories of Purchased Goods, Work in Progress, Semi-finished and Finished Goods.
N) Provide analysis for inventories and cost accounting as it relates to the ERP system and support the migration to a new ERP as it relates to this function.
O) Assist in analysis of outsourced processing, work in progress, semi-finished goods, finished goods and goods in transit, within a number of industrial perspectives.
P) Perform other duties as assigned.
Job requirements
A. Education & Qualification-
- Bachelor's degree in accounting or related business major.
B. Work Experience - Technical knowledge-
- Former experience in the Aerospace industry, a plus.
C. Professional Skills-
- Must have knowledge of finance, accounting, budgeting, and cost control principles.
- Must have knowledge of manufacturing production, supply chain and cost accounting under the standard cost method.
- Must have ability to analyze financial data and prepare financial reports and projections.
- Must have knowledge of short- and long-term budgeting and forecasting, rolling budgets.
- Ability to develop and carry out long- and short-term objectives using effective time management skills.
- Proficiency in MS Office (Excel, Power Point and Word)
D. Behavioral Skills-
- Position requires high level of internal customer focus with frequent contact.
- Must possess effective verbal and written communication skills to create a sense of buy-in among team members.
- Capable of synthesizing information and recommending solutions.
E. Desirable Aspects-
- Although not applied in the traditional sense as to fraud awareness, skills in forensic accounting techniques involved in precise transactional analysis are very useful.
- Experience with complex MRP (e.g., M3, Mapics, SAP).
- Desire to pursue certifications specific to the field of Cost Accounting (e.g., CMA).
4. Travel:
- International and/or Domestic travel may be required seldomly.
Safran Seats USA is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.
Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 92,000 employees and sales of 23.2 billion euros in 2023, and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and innovation roadmap.
Safran is in the 1st place in the aerospace and defense industry in TIME magazine's "World's best companies 2023" ranking.
With over one million seats equipping the fleets of the major airlines, Safran Seats is one of the world's leading suppliers of seating for passengers, crews and helicopters thanks to innovative and high added-value solutions.
Bachelor's Degree
First experience
