Senior Accountant

Overview

The Senior Accountant is responsible for managing the organization's accounting operations while ensuring compliance with Generally Accepted Accounting Principles (GAAP), Federal Acquisition Regulation (FAR), Defense Contract Audit Agency (DCAA) guidelines, and Cost Accounting Standards (CAS), as applicable. This role supports the monthly financial close, government contract accounting, project billing, account reconciliations, and financial reporting. The ideal candidate has experience in a government contracting environment and a strong understanding of contract billing and compliance requirements.

Responsibilities

General Accounting

• Prepare and review monthly journal entries, and account reconciliations
• Perform month-end and year-end closing activities, ensuring timely and accurate reporting.
• Maintain the general ledger and ensure accuracy of financial transactions.
• Analyze financial results and investigate variances.
• Support annual financial statement audits and government audits.

Government Contract Accounting

• Ensure compliance with FAR, CAS, DCAA, and other government contracting regulations.
• Monitor contract funding, indirect rates, and project costs.
• Review labor distributions, direct costs, and indirect cost allocations.
• Assist with incurred cost submissions (ICE), provisional billing rates, and indirect rate calculations.
• Support contract setup and maintenance within the accounting system.

Billing & Accounts Receivable

• Prepare and submit accurate and timely customer invoices for government contracts, including:
• Cost-reimbursable contracts
• Time & Materials (T&M) contracts
• Firm Fixed Price (FFP) contracts
• Review contract terms to ensure billing complies with contractual requirements.
• Process public vouchers through WAWF, IPP, or other government billing portals, as applicable.
• Reconcile billed revenue to the general ledger.
• Monitor accounts receivable aging and follow up on outstanding invoices.
• Resolve customer billing discrepancies in collaboration with Program Managers and Contract Administrators.

Compliance & Internal Controls

• Ensure compliance with internal accounting policies and procedures.
• Maintain supporting documentation for audits and contract reviews.
• Recommend and implement process improvements to strengthen internal controls and increase efficiency.
• Support DCAA audits and customer financial reviews.

Collaboration

• Partner with Contracts, Program Management, Human Resources, and Finance to ensure accurate project accounting.
• Provide financial guidance to project managers regarding contract funding, labor charging, and billing.
• Mentor junior accounting staff and assist with training as needed.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 5–8+ years of progressive accounting experience, with at least 3 years in government contracting.
• Strong knowledge of:
  • GAAP
  • FAR
  • DCAA compliance
• Experience with government contract billing, including T&M, Cost Plus, and FFP contracts.
• Proficiency with Microsoft Excel (pivot tables, lookups, formulas).
• Strong analytical, organizational, and problem-solving skills.
• Excellent written and verbal communication skills.
• Ability to manage multiple priorities and meet deadlines.

Preferred

• Experience with indirect rate calculations and provisional billing rates.
• Knowledge of WAWF, IPP, PIEE, or other federal invoicing systems.
• Experience supporting DCAA audits and contractor business system reviews.

Core Competencies

• Government Contract Accounting
• Contract Billing & Revenue Recognition
• Regulatory Compliance
• Analytical Thinking
• Attention to Detail

General Information