ADM ACCT

About American Power Innovations American Power Innovations designs and builds custom-engineered electrical power distribution equipment for operations where uptime is not optional. Our Tulsa, Oklahoma plant produces power distribution centers (PDCs), motor control centers (MCCs), switch racks, low- and medium-voltage VFD skids, and custom PLC control panels — engineered, assembled, tested, and commissioned under one roof. The company carries more than 80 years of power distribution heritage. Formerly Layco Electric Innovations, we rebranded as American Power Innovations in 2025 to reflect a period of significant growth and to reinforce our commitment to American manufacturing and domestically sourced materials. Our customers span energy and utilities, data centers, chemical processing, defense, and municipal infrastructure — industries in which a single equipment failure carries real consequences. Our culture is built on four commitments: Customer First – Always, Our People – Our Power, Accountability for Self, and Collaboration at the Highest Level. We are a hands-on organization that values problem solvers, craftsmanship, and people who take ownership of the work in front of them. Position Summary The Senior Accountant manages the financial tracking, valuation, and analysis of a facility’s entire production cycle, focusing on raw materials, labor, and overhead. This plant-level position directly partners with plant managers, procurement, and production engineers to identify floor inefficiencies, control inventory shrinkage, and safeguard gross margins. Key Responsibilities Revenue Recognition & Compliance Ownership of monthly POC revenue recognition, Contract Assets and Liabilities reconciliations, EAC reviews, margin monitoring, loss reserve calculations, backlog reporting, and responsibility as the company ASC 606 expert. Estimate at Completion (EAC): Coordinate regular EAC reviews with project managers to update total projected costs, labor targets, and delivery dates. Calculate Progress Billings: Track the gap between contractual billings and actual project progress to manage Unbilled Accounts Receivable (Contract Assets) and Deferred Revenue (Contract Liabilities). Cost Tracking & Operational Control Monitor Project Budgets: Compare historical actual costs against original project estimates for raw materials, sub-assemblies, and specialized engineering labor. Analyze Margin Erosion: Run variance reports to flag structural cost overruns or engineering scope changes that threaten baseline contract profitability. Review Change Orders: Evaluate the financial scope and formal authorization of contract modifications, updating the active revenue models accordingly. Inventory valuation, standard costing, labor/material/overhead variance analysis, cycle counts, WIP reconciliations, gross margin analysis, and BOM/routing reviews. Month-End Closing & Reporting Record Over-Time Revenue: Prepare monthly journal entries for accrued revenue, cost of goods sold (COGS), and progress billing adjustments. Audit Backlog Metrics: Maintain the plant’s revenue backlog ledger to give executive leadership visibility into future production pipelines. Accrue Loss Reserves: Promptly calculate and record forward loss reserves if an active long-term manufacturing contract shifts into a projected net loss. Audit support, tax support, ASC 606 documentation, GAAP compliance, and internal controls responsibilities. Qualifications To succeed in this role, candidates typically bring the following qualifications: Education: Bachelor’s degree in Accounting, Finance, or a related field. Experience: 3 to 6+ years of corporate accounting experience, with a heavy emphasis on long-term contract accounting (ASC 606) in custom manufacturing, defense contracting, or complex industrial engineering. ERP Proficiency: Working knowledge of heavy industrial Enterprise Resource Planning (ERP) applications, such as SAP (CO/FI modu…

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