Cost Accountant

Job Title:

Cost Accountant

Location:

Las Vegas, Nevada

Department/Group:

Finance

Position Type:

Full Time

Hourly/Salary:

Salary

Regular/Temp:

Regular

Exempt/Non-Exempt:

Exempt

Reports To:

Company Overview:

MP Materials (NYSE: MP) is on a mission to restore the full rare earth supply chain to the United States of America. From electric cars to wind turbines and drones, rare earths are essential to the low-carbon, electrified technologies that power modern life. We hire ambitious, mission-driven people motivated to solve problems and affect change. Our values are grounded in teamwork, resiliency, and integrity, with an enduring commitment to our employees, community, and the environment. In the coming years, MP Materials will grow from a core materials and chemical processing company into a large industrial manufacturer. Our employees will lead this exciting transformation and grow professionally with us.

The Cost Accountant is responsible for performing the Company's direct and indirect cost absorption processes. Specific focus and attention will be on the Company's control environment related to the identification and capture of material and labor costs for ensuring that all inventory is valued correctly, in accordance with the Company's policies and procedures. The Cost Accountant will assist in developing, implementing, and maintaining of systems, procedures, and policies for inventory and costing, to ensure adherence to company guidelines.

Essential Duties:

• Identify improvement of internal processes in a controlled, Sarbanes Oxley "SOX", environment.

• Recommend and ensure maintenance of appropriate internal controls and financial procedures in compliance with SOX.

• Review daily and weekly production reports to ensure completeness and accuracy within the SAP system.

• Review and update cost standards for material and labor price changes.

• Prepare cost of goods sold and production reports

• Reconcile inventory accounts and roll forward of inventory activities.

• Evaluate the monthly activity rates and standard costing calculations to verify the accuracy of month-end close reporting.

• Monitor variance accounts to ensure correctness, research any discrepancies from standards and determine required changes from items such as PPV

• Review and approve monthly journal entries from Cost and Inventory accountant

• Complete monthly analysis on the under/over absorption by department as it relates to the set standards

• Complete quarterly review and analysis of actual costs and activity rates to determine updated standard cost rates that are needed

• Implement new costing functionality within SAP for expanding manufacturing departments within the company (Stage 2 and Stage 3)

Other Functions

• Support Company initiatives through design, development and reporting requests.

• Maintain Company compliance and reporting standards.

• Work alongside IT and Operations to create efficiencies in reporting production data into SAP

• Assist in the setup and implementation of additional departments and companies, as it relates to production, new products, and customers, within SAP

• Assist FP&A in the monthly analysis of COGS compared to forecast

• Continue to drive development and accuracies as it relates to our growing production and manufacturing processes

• Other duties as assigned.

Basic Qualifications:

• Bachelor's degree in Accounting/Business Administration required

• MBA preferred but not required

• CPA preferred but not required

• 4+ years of costing and/or manufacturing experience

• Detail oriented

MP Materials is Proud to be an Equal Opportunity / Affirmative Action Employer

• EEO is The Law

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law. Underrepresented groups/Women/Disabled/Veterans are encouraged to apply. Candidates whose disabilities make them unable to meet the position's requirements will still be considered qualified if they can perform the essential functions of the job with reasonable accommodation.

Your Right To Work

• In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment verification document form upon hire.

For Assistance with Application

• Alternative methods of applying for employment are available to individuals unable to submit an application through this site because of a disability. Contact Human Resources Department at 702-625-5679; 6720 Via Austi Parkway, Suite 450, Las Vegas, NV 89119 to discuss reasonable accommodations.

Safety Provision

Employees are responsible for following all company, industry and regulatory procedures and laws to ensure a safe work environment by oneself and to the company.

A willingness to promote safety among the workforce. Participate in Process Hazard Analysis procedures and Pre-Startup Safety Reviews.

(PPE) Personal Protective Equipment is required when performing work in a mine, manufacturing, outdoor, or plant environment, including hard hat, hearing protection, safety glasses safety footwear and as needed, respirator, rubber steel-toe boots, protective clothing, gloves and any other protective equipment as required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Working Conditions

Our facility sits at an elevation of 4700 feet.

Department of Labor Physical Demand Category

Employees are subject to extreme weather conditions:

• Freezing winter weather

• Extreme desert summer heat.

Work is in a mine or manufacturing plant setting, which may include expose to moving mechanical parts, toxic chemicals, risk of electrical shock, explosives, fumes or airborne particles.

Physical Demands

Manual dexterity; sense of touch; sense of smell; speaking clearly; hearing-speech range; hearing - all ranges; seeing, reading and comprehensions; seeing - distant/near; depth perception; color vision.

While performing the responsibilities of the Cost Accountant the employee is required to talk and hear. The employee is often required to stand and use their hands and fingers, to handle or feel and to manipulate laboratory equipment. The employee is occasionally required to walk, reach with arms and hands, climb or balance, and to stoop, kneel, crouch or crawl. Vision abilities required by this job include close vision. Employee must pass a full-face respiratory fit test. Employee must be able to lift 50 lbs. Must be able to work in PPE level C. These requirements are representative, but not all-inclusive, of the knowledge, skill, and ability required of the Cost Accountant.