Principal, Accountant

Principal, Accountant

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers' mission-critical needs. The company provides advanced defense and commercial technologies across space, air, land, sea and cyber domains. L3Harris has approximately $20 billion in annual revenue and 47,000 employees, with customers in more than 100 countries.

We are seeking a Principal, Accounting to join the Program Accounting function within the Maritime Sector, reporting to the Maritime Sector Controller. This role has responsibility for various Program Accounting functions of the divisions within the Sector, serving as the primary accounting contact for ensuring accuracy of program related accounting information, including revenue, balance sheet, and revenue related reporting. Specific responsibilities include accounting for revenue recognition evaluation, inventory, and monitoring estimate at completion profit rate changes, and other necessary tasks to ensure accurate project accounting. The ideal candidate will have strong communication and analytical skills, combined with a strong technical accounting background.

Essential Functions :

• Completion of complex Contract Review Worksheets (CRWs) used to determine revenue recognition under ASC 606, including more challenging programs
• Review project and contract setup in the ERP
• Completion of quarterly inventory net realizable value (NRV) assessments for both contract and non-contract inventory
• Preparation of the quarterly income statement flux report, explaining in detail the quarterly changes in various line items
• Preparation of quarterly estimate-at-completion (EAC) profit change reporting, including monitoring of EAC completion against corporate policy requirements
• Review of EACs for compliance to corporate accounting policies and US GAAP
• Must have strong analytical excel skills and be able to analyze and work with large data sets in an effective manner
• Calculation and preparation of supporting documentation for monthly accruals, including all program-related accruals such as warranty accruals and adjustments
• Preparation of program-related monthly and quarterly Hyperion Financial Management (HFM) schedules required for external financial reporting
• Preparation of ad-hoc reporting and assistance with special projects, as requested
• Support audits (External Audit, Internal Audit, and SOX and Self Evaluation Testing)
• Functional area expert for program accounting. Provide guidance and direction to lower level program accountants to ensure overall department objectives are met.
• Support department through establishing and making recommendations to policies, procedures, and work processes in order to improve the overall efficiency and effectiveness of the department.

Qualifications :

Preferred Additional Skills :

In compliance with pay transparency requirements, the salary range for this role is $103,000 - $191,000. This is not a guarantee of compensation or salary, as final offer amount may vary based on factors including but not limited to experience and geographic location. L3Harris also offers a variety of benefits, including health and disability insurance, 401(k) match, flexible spending accounts, EAP, education assistance, parental leave, paid time off, and company-paid holidays.