COVINGTON AIRCRAFT
Senior Accountant
Finance & Accounting | Reports to the Controller
Location: Okmulgee, OK
Schedule: Monday-Friday 8:00 AM – 5:00 PM (hour for lunch)
Exempt Position
Position Summary
Covington Aircraft is seeking an experienced, hands-on Senior Accountant to lead the company’s day-to-day accounting activities. This position will provide strong ownership of routine accounting operations while helping strengthen the company’s financial processes and reporting.
The Senior Accountant will be responsible for general ledger accounting, accounts payable, accounts receivable, account reconciliations, and support for the monthly financial close. The position will also play an important role in Covington Aircraft’s transition to a new ERP system and in improving inventory accounting, tracking, and controls across the organization.
The ideal candidate is accurate, dependable, process-minded, and comfortable working across departments in a growing aviation maintenance, repair, and overhaul environment.
Key Responsibilities
General Ledger and Financial Close
- Maintain the accuracy, completeness, and integrity of the general ledger.
- Review all journal entries, accruals, allocations, and account adjustments.
- Review monthly balance sheet and general-ledger account reconciliations.
- Lead the day-to-day components of the monthly, quarterly, and year-end close processes.
- Review account activity for errors, unusual transactions, and potential misclassifications.
- Provide the Controller with timely and accurate consolidated financial statements.
Accounts Payable and Accounts Receivable
- Oversee daily accounts payable and accounts receivable activities.
- Responsible for maintaining the vendor master file.
- Review vendor invoices for accuracy, authorization, account coding, and supporting documentation.
- Coordinate and authorize payment schedules.
- Monitor customer invoicing, collections, cash applications, credits, and account discrepancies.
- Review AP and AR aging reports and communicate issues requiring management attention.
- Work with operational teams to resolve billing, purchasing, receiving, and payment discrepancies.
- Identify opportunities to improve the efficiency and accuracy of AP and AR processes.
Inventory Accounting and Controls
- Work closely with purchasing, receiving, warehouse, production, and operational leadership to improve inventory accuracy.
- Reconcile inventory subledgers to the general ledger and investigate differences promptly.
- Support the accounting treatment of aircraft parts, work-in-process, repair orders, core inventory, and other inventory-related transactions.
- Oversee cycle counts, physical inventory counts, and investigation of inventory variances.
- Monitor inventory adjustments, transfers, obsolescence, and valuation.
- Help develop and maintain effective inventory procedures and internal controls.
- Provide greater financial visibility into inventory levels, usage, costs, and variances.
- Identify inventory issues that could affect financial reporting, operational performance, or cash flow.
ERP Implementation and Process Improvement
- Serve as a key accounting resource during the company’s transition to a new ERP system.
- Assist with data cleanup, account mapping, system configuration, testing, validation, and implementation.
- Document current accounting processes and help design improved future-state workflows.
- Ensure appropriate accounting controls and approval processes are incorporated into the new system.
- Support integration of the general ledger, purchasing, inventory, accounts payable, accounts receivable, and operational data.
- Assist with user training and adoption across accounting and operational departments.
- Identify opportunities to reduce manual work, improve reporting, and strengthen data integrity.
Controls, Compliance, and Audit Support
- Maintain organized, complete, and audit-ready accounting records.
- Help develop, document, and enforce accounting policies and internal controls.
- Support external audits, tax preparation, banking requests, and other financial reviews.
- Prepare requested schedules and supporting documentation.
- Help ensure compliance with company policies and applicable accounting standards.
- Protect confidential financial, employee, customer, and vendor information.
- Perform additional accounting and finance responsibilities as assigned.
International Consolidation and Exchange Responsibilities
- Oversee the monthly translation of financial results and convert to USD using appropriate rates in accordance with GAAP.
- Perform monthly foreign currency revaluation of assets and liabilities held in foreign currencies and auditing realized/unrealized FX gain/loss accounts.
- Monitor and reconcile intercompany transactions.
- Review and ensure accuracy of intercompany eliminations.
- Works with local third-party accounting firms to ensure statutory compliance.
- Coordinate international month end close and enforce timeline.
Qualifications
Required
- Bachelor’s degree in accounting, finance, or a related field.
- At least five years of progressive accounting experience.
- Strong knowledge of general ledger accounting, reconciliations, journal entries, AP, AR, and financial close processes.
- Experience with inventory accounting or in an inventory-intensive business.
- Strong understanding of accounting principles and internal controls.
- Advanced proficiency with Microsoft Excel and accounting software.
- Ability to manage multiple priorities and consistently meet deadlines.
- Strong analytical, organizational, communication, and problem-solving skills.
- High level of accuracy, accountability, discretion, and professional judgment.
Preferred
- CPA license or progress toward CPA certification.
- Experience in aviation, aerospace, manufacturing, maintenance and repair, or another job-cost and inventory-intensive industry.
- Direct experience with Pentagon 2000 ERP, particularly in a multi-currency or multi-entity environment, is a significant plus.
- Experience with an ERP implementation or major accounting-system conversion.
- Knowledge of standard costing, job costing, work-in-process, inventory valuation, and variance analysis.
- Experience supporting external audits and preparing financial reporting schedules.
Key Performance Expectations
- Accurate and timely maintenance of the general ledger.
- Consistent completion of reconciliations and monthly-close responsibilities.
- Improved AP and AR accuracy, timeliness, and accountability.
- Greater visibility and control over inventory and work-in-process.
- Successful accounting participation in the ERP implementation.
- Reduced reliance on the Controller for routine accounting activities.
- Stronger accounting processes, documentation, and internal controls.
- Timely identification and resolution of accounting discrepancies.
Ideal Candidate Profile
The successful candidate will be a hands-on accounting professional who takes ownership of details while understanding how daily accounting activities affect the broader business. This individual should work collaboratively with the Controller while independently managing core accounting responsibilities.
The Senior Accountant must be willing to investigate discrepancies, collaborate across departments, improve processes, and help build a stronger accounting infrastructure as Covington Aircraft continues to grow.
Benefits
- Health insurance
- Dental insurance
- Vision Insurance
- Flexible Spending Account (FSA)
- Paid time off
- 401(k) with matching 6%
- Employee Stock Ownership (ESOP) Retirement plan
Covington Aircraft – is an Equal Opportunity Employer: all qualified applicants will receive consideration for employment without regard to disability, protected veteran status, race, color, religion, sex, sexual orientation, gender identity or national origin. [email protected]
Export Control Requirements: This position must meet export control compliance requirements. To meet export control compliance requirements, a “U.S. Person” as defined by 22 C.F.R. §120.15 is required. “U.S. Person” includes U.S. Citizen, lawful permanent resident.
To apply go to company website – www.covingtonaircraft.com
