Jr Project Accountant

Project Accountant – Government Contractor 

Position Overview 

The Project Accountant manages the financial lifecycle of government contracts, ensuring accurate tracking of labor, direct and indirect costs, revenue recognition, cost accruals, and compliance with FAR/DFARS requirements. This role supports month-end close, prepares budgets and forecasts, and reviews P&L statements against projections. 

The Project Accountant serves as a key financial liaison to Program Management, Operations, and Finance, providing audit-ready reporting, variance analysis, and guidance for effective project financial management. The position requires strong analytical skills, attention to detail, and the ability to manage multiple projects in a deadline-driven environment. 

Key Responsibilities 

• Oversee revenue recognition and ensure compliance with accounting standards and contract requirements.  

• Track and reconcile project costs, including labor, direct/indirect expenses, and cost accruals.  

• Support month-end close and preparation of accurate financial reports.  

• Develop, review, and analyze budgets, forecasts, and P&L statements, comparing actuals to projections.  

• Manage project accounting for government contracts, ensuring compliance with FAR, DFARS, and internal policies.  

• Maintain audit-ready project documentation and support internal/external audits (e.g., DCAA).  

• Collaborate with Program Management, HR, and Operations to validate labor charges, indirect rates, and cost allocations.  

• Generate and reconcile ERP reports (e.g., Deltek Costpoint, NetSuite, JAMIS) for project financials.  

• Provide guidance on project accounting processes, financial compliance, and reporting best practices.  

• Identify process improvements and contribute to SOP development.  

Required Qualifications 

• Associates’ degree in Accounting, Finance, related field or equivalent experience.  

• 3+ years of accounting experience, including at least 2 years in government contract accounting.  

• Experience with revenue recognition, cost accruals, month-end close, budgets, forecasts, and P&L review.  

• Knowledge of FAR, DFARS, and cost accounting standards.  

• Proficiency with ERP systems (e.g., Deltek Costpoint, NetSuite, JAMIS).  

• Strong analytical, problem-solving, and reconciliation skills.  

• Ability to manage multiple projects under strict deadlines.  

Preferred Qualifications 

• Experience supporting DCAA or federal audits.  

• Familiarity with Earned Value Management (EVM).  

• Advanced Excel skills (pivot tables, VLOOKUP/XLOOKUP, complex reporting).  

• Experience in multi-site or multi-contract environments.  

Reporting Structure 

• Reports to the Vice President of Accounting & Finance 

Project Accountant (3–5 years government project accounting experience) 

Responsibilities: 

• Independently manage project accounting for multiple government contracts.  

• Oversee revenue recognition, cost accruals, and month-end close for assigned projects.  

• Prepare, reconcile, and analyze project financial reports, budgets, forecasts, and P&L comparisons.  

• Support contract modifications and ensure accurate labor and cost allocations.  

• Maintain audit-ready documentation and assist with internal/external audits.  

• Collaborate with Program Management, HR, and Operations for accurate reporting.  

Key Skills: 

• Strong knowledge of government contract accounting, revenue recognition, and FAR/DFARS compliance.  

• Advanced ERP and Excel reporting skills.  

• Analytical and problem-solving capabilities.  

• Ability to serve as a financial point of contact for project teams.