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Cost/Value Stream Accountant - Military Flight Controls Division

Location : IRVINE, CA, United States

Job Family : Accounting/Auditing

Job Type : Regular

Posted : Oct 16, 2025

Job ID : 60368

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Job Description

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Parker Hannifinis a Fortune 250 global leader in motion and control technologies. For more than a century, the company has been enabling engineering breakthroughs that lead to a better tomorrow.

At Parker Aerospace, we develop technologies and innovative solutions that enable reliable, efficient and increasingly sustainable flight for the lifecycle of the aircraft, including aftermarket support. Our passionate people with deep engineering expertise, together with our breadth of differentiated technologies, ensure that we make the extraordinary happen and continue to shape the future of aviation in partnership with our customers.

As a member of our team, you are instrumental in fulfilling our mission: 'Enabling Engineering Breakthroughs that Lead to a Better Tomorrow.' Pursuing a career at Parker presents unlimited opportunities for both professional and personal development. Working with some of the most brilliant minds in the industry, your contributions will be pivotal in developing innovative technologies and products, significantly contributing to Parker’s goal of addressing the world’s most pressing engineering challenges. At Parker, our team members belong, matter and make a difference.

Military Flight Controls Division Supporting aircraft worldwide, Parker Aerospace’s Military Flight Controls Division (MFCD) provides primary and secondary flight control systems that make flight possible. Tested, proven and trusted in commercial and military applications for decades, MFCD provides precise position-control actuation solutions for military aircraft across the United States and with foreign partners. The division’s JetPipe® electrohydraulic servovalve (EHSV) technology is used across commercial and military aircraft around the world. Headquartered in Irvine, California, the Military Flight Controls Division is the global leader in fly-by-wire flight control systems and electrohydraulic products and offers the world's most advanced motor design capabilities for flight controls.

POSITION SUMMARY:

Applies principles of accounting to analyze diverse and complex financial information and prepares financial reports. Responsible for the accuracy, integrity, control and timeliness of financial reports, analyses, systems, and processes. This position will specialize in cost accounting functions and value stream reporting and analysis.

Scope/Supervision and Interaction:

___ Has Direct Reports __X__ Does Not Have Direct Reports

Works with all operational units, corporate/staff and select third parties in ensuring compliance with corporate policies and procedures while maintaining accounting controls.

RESPONSIBILITIES:

COST ACCOUNTING:

Perform Cost Accounting month-end close entries and reconciliations.

Perform inventory reporting and analysis.

Review and update product costs and ensure proper inventory valuation.

Analyze cost of sales, cost trends, identify drivers for cost fluctuations.

Review excess and obsolete inventory.

Coordinate inventory cycle counting program, investigate variances, and ensure compliance with policies.

VALUE STREAM REPORTING AND ANALYSIS:

Prepare monthly Value Stream financial reports, including P&Ls and related analysis.

Perform various Value Stream targeted cost analyses.

Support Value Stream Organizations and Business Teams.

OTHER:

Compiles and analyzes diverse and complex account information to provide management with accounting information necessary to make business decisions.

Performs economic research and studies subjects such as rates of return, depreciation, working capital, investments, and financial and expense comparisons by analysis of profit and loss statements and income statements.

Recommends financial actions to management by analyzing accounting options.

Summarizes current financial status by collecting information, preparing balance sheet, profit and loss statement, and other management reports.

Maintains accounting controls by auditing compliance with accounting policies and procedures. Writes and recommends policies and procedures.

Reconciles financial discrepancies by collecting and analyzing account information.

Maintains financial security by following accounting policies and internal controls.

Answers accounting procedure questions by researching and interpreting complex accounting policies and regulations.

Maintains customer confidence and protects operations by keeping financial information confidential.

Prepares diverse and complex financial reports by collecting, analyzing, and summarizing account information and trends.

Recommends actions by analyzing and interpreting data and making comparative analyses.

Applies continuous improvement techniques and methods to internal processes and systems.

May lead or be assigned to a special project team.

Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing professional networks, and/or participating in professional societies.

Complies with federal and state legal requirements and professional standards. Studies existing and new legislation, enforces adherence to requirements; and advises management on needed actions.

May provide leadership to others in accounting or within a business team. Acts as prime contact on high level projects.

Establishes goals and objectives required to complete projects. Trains and mentors less experienced employees.

Shares specialized knowledge with others. Represents company on high level projects. Contributes to team effort by accomplishing related results as needed.

Work assignments may include cross-functional or project team responsibilities (e.g. continuous improvement).

TYPICAL MENTAL AND PHYSICAL DEMANDS

While performing the duties of this job, the employee is required to sit. The employee frequently is required to use hands to operate a computer. The employee is occasionally required to stand, walk, and talk or hear. Specific vision abilities required by this job include close vision. Also expected of the employee is regular attendance, the ability to work cooperatively and professionally with others and members of the public, and ability to manage multiple tasks at once.

The essential functions have been provided as examples of the type of work performed by employees assigned to this job classification. The Company reserves the right to modify the work assignments and/or to make reasonable accommodations so that qualified employees can perform the essential functions. The job description is not intended to be an all-inclusive list of duties and responsibilities. It is intended to describe the general nature of the position.

QUALIFICATIONS:

Education and Experience Bachelors degree (BS) in Accounting. Demonstrated ability to perform the essential functions of the job typically acquired through six or more years of related experience. Knowledge, Skills and Abilities

Thorough knowledge of Generally Accepted Accounting Principles, laws, and regulations, including Cost Accounting Standards (CAS) and/or Federal Acquisition Regulations (FAR). Ability to effectively assess and implement continuous improvement principles and techniques. Proficient with automated accounting systems, spreadsheet applications, and internet/intranet communications. Ability to read, analyze, and interpret complex financial reports. Ability to prepare detailed reports, graphs, presentations, and business correspondence. Ability to respond to questions from management and customers; respond to inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to effectively communicate and present information to team members, team leaders, and top management. Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to effectively demonstrate team member competencies and participate in goal-setting, performance feedback, and self-development activities.

DRUG-FREE WORKPLACE

In accordance with Parker’s policies and applicable state laws, Parker provides for a drug-free workplace. Therefore, all applicants seeking employment with Parker will be subject to drug testing as a condition of employment.

This position is subject to meeting U.S. export compliance and/or U.S Government contracting citizenship eligibility requirements.

Competitive Compensation

+ Pay Range: $87050 to $145250 annually

+ Participation in Annual Incentive Program

Benefit & Retirement Plans

Parker offers competitive benefit programs, including:

+ Comprehensive coverage for medical, prescription drugs, dental, vision, voluntary optional life, accident insurance, hospital indemnity insurance and critical illness insurance with competitive premium cost.

+ 401(k) Plan with company matching contributions at 100% of the first 5% of pay.

+ Company provided defined-contribution retirement plan with annual contribution equal to 3% of pay.

+ Career development and tuition reimbursement.

+ Other benefits including paid parental leave, short and long-term disability programs, adoption assistance, a Care.com membership and financial planning assistance are provided at no cost to you.

+ Supplemental benefit programs including identity protection, legal protection, and pet wellness are available at competitive rates.

+ Paid Time Off and Company-Paid Holidays.

Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.

(“Minority / Female / Disability / Veteran / VEVRAA Federal Contractor”)

If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to Employees & Job Applicants | U.S. Equal Employment Opportunity Commission (https://www.eeoc.gov/employees-job-applicants)