Virginia Beach, VA, 23452, USA
47 days ago
Senior Accountant
PRIMARY OBJECTIVE OF POSITION: The Senior Accountant is responsible for overseeing the funding status of both prime and subcontracts, ensuring compliance with contract terms and financial regulations. Additionally, they play a key role in bid and proposal work, assisting in cost estimation, pricing strategy development, and financial analysis to support successful contract acquisition. MAJOR DUTIES & RESPONSIBILITIES: + Maintain a thorough understanding of the project structure, cost accruals, billings, and financial reporting. + Ensure invoices are billed in accordance with contract requirements and reconcile billings for each CLIN, as required. + Accurately maintain and update financial records related to contracts, including budgets, expenses, and funding status. + Generate and distribute regular reports detailing the funding status of prime and subcontracts and submit contract-required limitation of funds notifications. + Provide analysis and recommendations based on financial data. + Ensure that all financial activities related to contracts comply with relevant laws, regulations, and company policies (IRS, GAAP, FAR, DFAR, DCAA, DCMA, etc.). + Prepare and Manage Governmental Accounting documentation and submissions, such as annual Incurred Cost Submissions, annual Provisional Rates submissions, DCAA/DCMA audits, etc. + Monitor and report any discrepancies or non-compliance issues. + Assist in forecasting future funding requirements for ongoing and upcoming contracts. + Act as a point of contact between internal teams, Government contracting offices, clients, and subcontractors regarding funding-related inquiries. + Provide timely updates and responses to all relevant stakeholders. + Develop contingency plans for funding shortfalls or unexpected expenses. + Implement best practices and efficiencies to enhance contract finance administration. + Maintain organized and comprehensive records of all financial transactions, correspondence, and contract-related documents. + Manage and ensure all contract related transactions are captured in a timely and accurate manner in the company’s Accounting Systems, including job costs, billings, subledgers, etc., as well as in Government System touch points such as WAWF, DCAA compliance documentation, etc. + Provide internal training and support on contract finance processes and tools. + Develop cost estimates for bids and proposals, considering various factors such as labor, materials, overhead, travel, ODCs, and contingencies. + Collaborate with cross-functional teams to prepare budgets for bids and proposals, ensuring alignment with project requirements and financial constraints. + Conduct profitability analysis on potential contracts to assess their financial viability and contribution to the organization's overall goals. + Provide financial expertise and support during contract negotiations, offering insights on pricing, payment terms, and financial implications. + Develop financial documentation and exhibits for inclusion in bid and proposal submissions, ensuring accuracy and clarity. + Prepare Pricing narrative documentation and analysis for Government bid and proposal submissions. + Stay informed about relevant government regulations, especially those related to cost accounting standards and pricing strategies for government contracts. + Maintain comprehensive records of bid and proposal activities, including financial data, correspondence, and documentation related to pricing strategies. MINIMUM QUALIFICATIONS + A bachelor's degree in finance, accounting or business administration required. + A minimum of 2-5 years of relevant experience in contract finance administration, financial analysis, or a related field. Experience in Department of the Defense (DOD) government contracting preferred. + Strong understanding of financial principles, including budgeting, forecasting, cost analysis, and financial reporting. + Familiarity with contract terms, funding mechanisms, and compliance requirements. + Experience in supporting bid and proposal activities, including cost estimation, pricing strategy development, and proposal review. + Proficiency in data analysis, financial modeling, and the ability to interpret financial data to support decision-making. + A high level of accuracy and attention to detail is crucial in maintaining precise financial records and ensuring compliance. + Strong verbal and written communication skills are essential for effective collaboration with cross-functional teams, clients, and subcontractors. + Proficiency in Microsoft Excel, as well as familiarity with financial management software and enterprise resource planning (ERP) systems. + Understanding of relevant industry regulations, and government contracting requirements (GAAP, FAR, DFAR, DCAA, DCMA, etc.). + Ability to work effectively in a team environment and collaborate with colleagues from various departments. + Flexibility to adapt to changing priorities and deadlines in a dynamic work environment. + Adherence to ethical standards and a commitment to maintaining confidentiality and integrity in financial transactions and reporting. Department CORP Employment Type Full Time
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