Northrop Grumman Finance Director in Magna, Utah
Northrop Grumman Flight Systems Division provides products and services that span the launch, missile systems and aerospace markets. We are a premier producer of solid rocket propulsion systems and specialty energetic products; a leading provider of small and medium class space launch vehicles for Civil, DoD and Commercial missions; a major supplier of interceptor boosters and target vehicles for missile defense; and a world class manufacturer of composite primary and secondary structures for commercial and military aircraft and launch vehicles.
Within the Flight Systems Division, Propulsion Systems, a $750M business, is responsible for the technical and program management associated with design, procurement, manufacture, integration, test, operation and servicing of a wide range of aerospace components, subsystems, systems and services. Including, but not limited to: Solid Rocket Motor, Launch Vehicles and Support Services for NASA and for Commercial, Defense and Government / Civil customers.
Northrop Grumman Innovation Systems - Flight Systems Division is seeking an experienced Director of Finance to provide leadership to our Propulsion Systems Business Unit in our Bacchus and Promontory, Utah offices .
The successful candidate will be responsible for the following:
• Accounting: Provide direction on how costs should be recorded to ensure compliance with IFRS/GAAP. Approval of accounting entries and account reconciliations to support month end closing and SOX Compliance. Lead the month end and year end closing process.
• Government Compliance: Ensure compliance with FAR and CAS including providing directives on cost charging, cost allocation and cost classification including direct vs. indirect, capital vs. expense, IR&D/B&P/process services vs. direct cost. Initiate changes to disclosure statements. Identify and remedy any violations or inconsistencies in disclosed practices. Interface with DACO/DCMA/DCAA/DACO during their reviews and audits to ensure continued government compliance and address any noncompliance issues.
• External financial reporting: Oversee month end and quarter end financial reports submitted to the sector to ensure SEC reporting accuracy.
• Rate forecasting and management: Oversee the functions of forecasting indirect expenses and business base, preparation of indirect rates and submissions of rate proposals to the government.
• Rate Negotiations: Negotiates final actual rates and Forward pricing rates with Government.
• Submission of Year end final rates: Oversee the preparation and calculation of year end actual indirect rates and submission of final indirect rates to the government.
• Indirect cost budgeting and cost management: Assists in the establishment of annual operating budget with functional departments. Supports functional departments in the management and control of annual operating budgets. Recommends corrective actions to overrun positions.
• Cash Forecasting: Forecast of timing of cash inflows and outflows in support of quarter end and year end cash performance. Makes recommendations for improvements to business unit's cash positions. Supports division with cash forecast as required.
• Special Studies: Supports special rate studies used to determine the impacts of future business actions on the profitability of the business unit. Other special studies that require knowledge of accounting principles, business strategy and financial management.
• Oversee staffing, performance management and coaching/development of the Accounting professional staff of approximately 15 individuals.
• Combined Public Accounting / industry work experience of at least 15 years.
• At least ten years previous experience working at a U.S. Government contractor with significant experience in program finance and accounting, overhead/forward pricing rate development, EAC management and a strong understanding long-term contract revenue recognition (SOP 81-1).
• Exposure to commercial markets and/or on-site manufacturing experiences a plus.
• BS/BA in Business Management, Finance or Accounting with a CPA. MBA is a plus.
• Must have well developed people leadership skills and at least 10 years of Supervisory responsibility.
• Strong financial leadership and analytical skills and experience presenting financial information to executive leadership.
• Demonstrated understanding and background in public-company financial reporting standards and U.S. Government procurement regulations, including FAR and CAS.
This position will report directly to the Sr. Director of Finance, Propulsion Systems.
Northrop Grumman is committed to hiring and retaining a diverse workforce. We are proud to be an Equal Opportunity/Affirmative Action Employer, making decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, marital status, national origin, age, veteran status, disability, or any other protected class. For our complete EEO/AA and Pay Transparency statement, please visit www.northropgrumman.com/EEO . U.S. Citizenship is required for most positions.
Job Category : Business Management