Project/Cost Accountant

Project/Cost Accountant

Jobot | Eglin AFB, FL, US

Posted 15 days ago

Apply Now


Tremendous Benefits + Relocation Assistance! Deltek Costpoint Exp Req

This Jobot Job is hosted by: Stephen Konopka
Are you a fit? Easy Apply now by clicking the "Apply Now" button and sending us your resume.
Salary: $90,000 - $105,000 per year

A bit about us:

A Project/Cost Accountant opportunity with a dynamic firm who provides engineering and technical support to the Eglin Test and Training Range complex (ETTC) and the National Radar Cross Section Test Facility (NRTF) for the Air Force under the Eglin-Operation and Maintenance Services Contract, better known as E-OMS. This firm develops and maintains realistic integrated test and training environments. We prepare our nation's war-fighting aircraft, weapons systems, and air crews for today's missions and tomorrow's global challenges.

Why join us?
  • Competitive Base Salary + Bonus Opportunities
  • 401k Match
  • Medical/Vision/Dental
  • Dynamic Leadership Team
  • High Employee Retention
  • Generous PTO Package

Job Details

The Project Accountant is the liaison between Finance, Contracts and Operational personnel to establish projects, assist with billing setups to internal and external customers, revenue recognition, project budget input, directive modifications, project closeouts and margin analysis. Subject matter expert for Costpoint project, billings, revenue setup to assist operations with day-to-day questions/concerns. Must have government contract accounting experience.
The Project Accountant will also assist Accounting and Finance management with various special projects as needed and directed. This position requires an experienced accounting and finance professional capable of performing duties with little or no supervision.
Essential Duties and Responsibilities (including but not limited to):
  • Work with Contract team members to ensure Costpoint project setup accurately produces job cost reports, invoicing, project budgets, and revenue recognition
  • Ensure all project setup and maintenance functions comply with organizational standards and internal controls.
  • Post daily project activity for directive/task modifications
  • Research and resolve variance and/or misclassified cost postings
  • Support contract and subcontract management; financial reporting; contract budget, analysis, and forecasting for different funding sources
  • Coordinate the monthly closing with accounting team ensuring correct results with minimal adjustments; Generate general ledger entries; Prepare monthly financial reporting and balance sheet reconciliations (inventory); Provide information for weekly flash reports (when established); Prepare additional analysis as required to explain and summarize financial activity
  • Monthly, compare actual project expenses against contract terms and conditions and the Federal Acquisition Regulations (FARs) for accuracy (POP, funding, billing rates, labor categories, un-allowable expenses). Identify errors and issues (incorrect project set ups, misclassified expenses) and assist with corrections.
  • Compile program reports as requested for budgets, forecasts, financial presentations, and other materials to support the customer and Program Managers.
  • Assist with verifying completeness of documentation, terms, and conditions for subcontracts and procurements, including sufficient funding.
  • Assist with establishing, monitoring, and enforcement of inventory control procedures including compliance.
  • Perform cost analysis of proposed projects, as necessary.
  • Provide input on budget realignments.
  • Prepare monthly accruals for subcontractors, labor, fringe, and CAP
  • Works with F&A Manager to recognize monthly revenue ensuring appropriate recognition in accordance with GAAP and contract guidelines
  • Report margin analysis of projects to ensure costs are accurately and appropriately recorded
  • Timely completion of Project closeouts.
  • Backup to Billing Specialist
  • Integral piece of the audit preparation and support
  • Make enhancements to financial systems as business needs change to support our internal customers. Provide support as required for system implementations and upgrades.
  • Special projects or other duties as assigned

  • Advanced knowledge of Costpoint, Cognos reporting, and Microsoft suite of products
  • Five or more years work experience in a Government Contracting environment with increasing responsibility
  • Bachelors Degree (BS) in accounting or 8+ years of project accounting experience may be substituted
  • Expert understanding of FAR, DFARS, GAAP, CAS, and DCAA audit standards
  • Experience with contract closeouts and unbilled receivables
  • Familiarity with indirect costs pools and allocations
  • Special Skills: Demonstrated analytical proficiency; Posses the ability to understand and correlate complex business issues into simple cause and effect explanations
  • Excellent formal and informal written and oral communication skills

Interested in hearing more? Easy Apply now by clicking the "Apply Now" button.