Cost Accountant - Crane Aerospace & Electronics
Fort Walton Beach, FL
About the Job
Cost Accountant
Location FL, Fort Walton Beach
Department Accounting/Finance
Employment Type Full Time
Crane Aerospace and Electronics has an exciting opportunity for a Cost Accountant at our Fort Walton Beach, FL location.
About Crane:
Crane Aerospace & Electronics supplies critical systems and components to the aerospace and defense markets. You’ll find Crane Aerospace & Electronics in some of the toughest environments: from engines to landing gear; from satellites to medical implants and from missiles to unmanned aerial systems (UAS).
Located minutes away from picturesque white-sand beaches and emerald green water, our Crane Aerospace & Electronics Fort Walton Beach location is home to our Defense Power business – a leading supplier of high-power solutions for aerospace & defense applications. You’ll join a trusted, dynamic organization that supplies prime defense manufacturers with custom radar, directed energy and electric warfare solutions for placement on innovative, next-gen military platforms. Join us and our growing business as we supply solutions that enable the latest defense technology!
Job Summary:
Reporting to the Controller, you will be responsible for preparing cost estimates, computing cost of sales, EAC’s, etc. in support of program management and the business.
Essential Functions:
+ Prepare cost estimates of new or special products for establishing production forecasts.
+ Calculate Estimates at Completion (EAC’s) for Production and Development Programs using an Actual Cost Basis.
+ Compute and apply Cost of Sales, including Catch-up Adjustments based on Sales, EAC’s, and Percent Complete progress.
+ Support Program Management with cost projections and ad hoc reporting on a daily basis.
+ Responsible for routine compilation of manufacturing costs for inventory accountability, distribution of factory cost, verification of actual costs, and computation of variances, etc.
+ Calculate and support projected burden rates, including “Unallowable” costs.
+ Support Customer and DCAA Audits of Historical and Projected Rates, Labor Cost, material Cost, and Fee.
+ Apply CAS, FAR, and GAAP to specific business applications.
+ Devise, install or control systems for determining unit cost of products or services.
+ Classify production costs into wages, material and overhead.
+ Calculate and Prepare specified Journal Entries for various monthly activities.
+ Support Monthly Close process as required.
+ Other responsibilities as assigned.
Minimum Qualifications:
+ 2-5 of experience in job cost experience.
+ Bachelor’s degree in Accounting, Finance, or related field or equivalent experience.
+ Thorough knowledge of general accounting including thorough skills knowledge plus the application of general accounting theory.
+ Must be proficient in Excel, Access, Power Point, and MS word, software programs.
+ Excellent verbal and written communication skills required.
+ Must have good command of the English language, oral and written.
+ Eligibility Requirement :This role requires access to U.S. export-controlled information. If applicable, final offers will be contingent on ability to obtain authorization for access to U.S. export-controlled information from the U.S. Government. Additionally, as a US Department of Defense contractor, we are bound by the International Traffic in Arms Regulations (ITAR). Applicants selected could be subject to a Government security investigation and must meet the eligibility requirements for access to classified information.
Top Benefits:
As a team member at Crane Aerospace and Electronics, you’ll enjoy:
+ Benefits: Health care, dental or life insurance starting the first day of the month
+ Time Off: 15 days of paid time off that start accruing your first day at Crane and 12 paid holidays per year.
+ 401k Retirement Plan: 401k plan with company match
+ Education Reimbursement: eligible after 90 days of employment
+ Flexible work schedule: This position is eligible for our Crane Flex Hybrid schedule which allows for the option of up to 2 days/week of work-from-home. Some conditions apply which will be discussed during the interview process. Full policy to be provided after hire.
You can see a list of our benefits at or visit our website at for more information on our company and great opportunities.
We are committed to operational excellence and world class processes. We employ Lean manufacturing techniques to optimize manufacturing efficiency and accuracy on all product lines. Our products are known for their technical strength, proven reliability and overall value.
In our efforts to maintain a safe and drug-free workplace, Crane Aerospace & Electronics requires that candidates complete a satisfactory background check. FAA sensitive positions require employees to participate in a random drug test pool.
This description has been designed to indicate the general nature and level of work being performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Crane Company is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, religion, sex, national origin, marital status, age, sexual orientation, gender identity, disability, pregnancy, medical condition, genetic information, protected veteran status or any other characteristic protected under federal, state, or applicable local law.
Location FL, Fort Walton Beach
Department Accounting/Finance
Employment Type Full Time
Crane Aerospace and Electronics has an exciting opportunity for a Cost Accountant at our Fort Walton Beach, FL location.
About Crane:
Crane Aerospace & Electronics supplies critical systems and components to the aerospace and defense markets. You’ll find Crane Aerospace & Electronics in some of the toughest environments: from engines to landing gear; from satellites to medical implants and from missiles to unmanned aerial systems (UAS).
Located minutes away from picturesque white-sand beaches and emerald green water, our Crane Aerospace & Electronics Fort Walton Beach location is home to our Defense Power business – a leading supplier of high-power solutions for aerospace & defense applications. You’ll join a trusted, dynamic organization that supplies prime defense manufacturers with custom radar, directed energy and electric warfare solutions for placement on innovative, next-gen military platforms. Join us and our growing business as we supply solutions that enable the latest defense technology!
Job Summary:
Reporting to the Controller, you will be responsible for preparing cost estimates, computing cost of sales, EAC’s, etc. in support of program management and the business.
Essential Functions:
+ Prepare cost estimates of new or special products for establishing production forecasts.
+ Calculate Estimates at Completion (EAC’s) for Production and Development Programs using an Actual Cost Basis.
+ Compute and apply Cost of Sales, including Catch-up Adjustments based on Sales, EAC’s, and Percent Complete progress.
+ Support Program Management with cost projections and ad hoc reporting on a daily basis.
+ Responsible for routine compilation of manufacturing costs for inventory accountability, distribution of factory cost, verification of actual costs, and computation of variances, etc.
+ Calculate and support projected burden rates, including “Unallowable” costs.
+ Support Customer and DCAA Audits of Historical and Projected Rates, Labor Cost, material Cost, and Fee.
+ Apply CAS, FAR, and GAAP to specific business applications.
+ Devise, install or control systems for determining unit cost of products or services.
+ Classify production costs into wages, material and overhead.
+ Calculate and Prepare specified Journal Entries for various monthly activities.
+ Support Monthly Close process as required.
+ Other responsibilities as assigned.
Minimum Qualifications:
+ 2-5 of experience in job cost experience.
+ Bachelor’s degree in Accounting, Finance, or related field or equivalent experience.
+ Thorough knowledge of general accounting including thorough skills knowledge plus the application of general accounting theory.
+ Must be proficient in Excel, Access, Power Point, and MS word, software programs.
+ Excellent verbal and written communication skills required.
+ Must have good command of the English language, oral and written.
+ Eligibility Requirement :This role requires access to U.S. export-controlled information. If applicable, final offers will be contingent on ability to obtain authorization for access to U.S. export-controlled information from the U.S. Government. Additionally, as a US Department of Defense contractor, we are bound by the International Traffic in Arms Regulations (ITAR). Applicants selected could be subject to a Government security investigation and must meet the eligibility requirements for access to classified information.
Top Benefits:
As a team member at Crane Aerospace and Electronics, you’ll enjoy:
+ Benefits: Health care, dental or life insurance starting the first day of the month
+ Time Off: 15 days of paid time off that start accruing your first day at Crane and 12 paid holidays per year.
+ 401k Retirement Plan: 401k plan with company match
+ Education Reimbursement: eligible after 90 days of employment
+ Flexible work schedule: This position is eligible for our Crane Flex Hybrid schedule which allows for the option of up to 2 days/week of work-from-home. Some conditions apply which will be discussed during the interview process. Full policy to be provided after hire.
You can see a list of our benefits at or visit our website at for more information on our company and great opportunities.
We are committed to operational excellence and world class processes. We employ Lean manufacturing techniques to optimize manufacturing efficiency and accuracy on all product lines. Our products are known for their technical strength, proven reliability and overall value.
In our efforts to maintain a safe and drug-free workplace, Crane Aerospace & Electronics requires that candidates complete a satisfactory background check. FAA sensitive positions require employees to participate in a random drug test pool.
This description has been designed to indicate the general nature and level of work being performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Crane Company is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, religion, sex, national origin, marital status, age, sexual orientation, gender identity, disability, pregnancy, medical condition, genetic information, protected veteran status or any other characteristic protected under federal, state, or applicable local law.
Source : Crane Aerospace & Electronics
