Senior Cost Accountant

Senior Cost Accountant

Work Arrangement: Hybrid

Work Location: Frederick, MD

Requisition: #6378

Job Overview:

Reporting to the Sr. Revenue and Cost Manager in a fast-paced, exciting, hi-technology communications company, the Senior Cost/Revenue Accountant will be responsible for all aspects of inventory and cost analysis for North American businesses, including additional support for the Revenue team.

About Spirent Communications

Spirent is the leading global provider of automated test and assurance solutions for communications networks, cybersecurity, and positioning.

We provide innovative products, services, and managed solutions that address the test, assurance, and automation challenges of a new generation of technologies, including 5G, cloud, autonomous vehicles, and beyond. From testing in the lab to testing in the real world, Spirent helps companies deliver on their promise to their customers of a new generation of connected devices and technologies.

Why Spirent?... Because together we can shape tomorrow!

Spirent is its people. When you join the Spirent team, you will join forces and work alongside some of the industry’s most passionate subject matter experts. In an environment of innovation, you will find a place where you can grow, think, explore, create, and make change happen.

At Spirent, we believe that diversity and inclusion are essential to thriving in the ever-changing world of global technology. We embrace a culture where difference is valued and openness, mutual respect, collaboration, and fairness are considered fundamental. Spirent does not tolerate discrimination or offensive behavior of any kind. We are committed to creating workplaces that genuinely reflect the diversity of the world we serve and an environment where everyone feels empowered to bring their full, authentic self to work.

Your success is vital to our success, which is why we will support you to perform, grow, and contribute with the confidence to be yourself. And to support your personal wellbeing, we hope you will love our dedication to creating the right work and life balance experience!

Join Spirent and together let’s shape tomorrow!

Job Responsibilities:

• Analysis of inventory and cost transaction details, including preparing journal adjustments and monthly account reconciliations.
• Preparation and presentation of inventory and cost trend information in management reports and for monthly calls with the Supply Chain team.
• Quarterly analysis of slow-moving and obsolete inventory, providing summary to business partners.
• Monthly analysis of CAPEX equipment and equipment on loan for inventory reserve adjustments.
• Oversee standard costing, cost revaluations, and royalty accruals.
• Analysis of sales orders for appropriate revenue recognition following IFRS guidelines, reviewing purchase orders, statements of work, customer terms and conditions, and other contractual documents.
• Work with Sales and Sales Administration to understand complex deals.
• Ensure data governance and quality control for completeness and accuracy of data around revenue and cost of sales.
• Gross and product margin analysis.
• Review applicable processes, propose, and implement process improvements as appropriate. Continually look to improve "Best Business Practices."
• Budget to Actual COS analysis
• Solve problems relating to orders, revenue, and cost of sales.
• R&D pre-production material spend analysis.
• Warranty provision calculation.
• Material absorption analysis & true-up.
• Work in fast moving, deadline driven environment.
• Set a consistent and standard way to measure and present KPIs for the department.
• Strategic business partnering with Supply Chain, Product Development, FP&A, IT, and Accounting

Job Requirements:

• Bachelor’s degree in Accounting or Finance, from an accredited university, or equivalent work experience.
• Minimum of 5 years of previous Cost Accounting experience.
• Experience with revenue accounting a plus.
• Manufacturing and intercompany accounting required.
• Must have advanced-level Excel skills.
• High proficiency with JDE E1 ERP/Accounting, Cognos or other reporting tool, and Salesforce or other CRM comparable system.
• Must have strong analytical skills and attention to detail, with a consistent degree of accuracy.