Financial Operations & Compliance Specialist

About the role

The One 23 Group is seeking a Financial Operations & Compliance Specialist to support CFO-led financial initiatives and perform hands-on government contracting finance activities across contract compliance, indirect rates, project accounting, billing, labor allocation, financial close support, forecasting, and reporting. This is a high-visibility role for a mid-level professional who combines a strong accounting foundation with the ability to analyze contract and business performance.

Responsibilities

• Coordinate and prepare Incurred Cost Submission (ICS) schedules and supporting documentation, including indirect cost pool and allocation-base support, actual rate reconciliations, direct and indirect cost analysis, allowable and unallowable cost review, and required tie-outs.
• Support the development, monitoring, and update of Provisional Billing Rates (PBRs) and calculate, monitor, and reconcile fringe, overhead, and G&A rates using actual and forecasted cost data.
• Analyze indirect rate performance, cost pool trends, allocation bases, and contract impacts; identify emerging rate risks and support timely updates to forecasts and billing assumptions.
• Maintain organized, audit-ready compliance workpapers, rate schedules, source documentation, submission calendars, and audit request trackers supporting ICS, PBRs, labor charging, cost allocations, billing, and other GovCon financial requirements.
• Support recurring accounting activities across the general ledger, accounts receivable, accounts payable, payroll, billing, and project accounting in coordination with Accounting and the Corporate Controller.
• Prepare, review, and support government contract invoicing for Cost Plus, Time & Materials (T&M), and Firm Fixed Price (FFP) contracts, including reconciliation of billed and unbilled amounts and visibility into funding and billing status.
• Support annual budgeting, periodic reforecasting, and CFO-led financial planning through development of assumptions, schedules, budget-to-actual analyses, and financial models.

Requirements

• Bachelor's degree in Accounting, Finance, Business, or a related field.
• Approximately 2-5 years of progressive accounting, financial analysis, project finance, program finance, contract finance, or related experience, preferably within a federal government contracting environment.
• Hands-on experience with government contract accounting or finance, including exposure to contract billing, payroll and labor allocation, journal entries, account reconciliations, monthly close, project accounting, or related financial operations.
• Working knowledge of Cost Plus, T&M, and FFP contract financial requirements, including indirect cost allocation, fringe/overhead/G&A rates, charge code structures, funding, billing, and project financial performance.
• Strong Excel, analytical, organizational, and problem-solving skills with the ability to build and explain reconciliations, workpapers, forecasts, reports, and financial analyses while managing multiple deadlines.

Preferred Qualifications

• Experience working for a small or mid-sized federal government contractor.
• Hands-on experience with Unanet or a comparable GovCon ERP/accounting system; direct Unanet experience is strongly preferred.
• Working knowledge of FAR cost principles, DCAA accounting requirements, indirect rate structures, and government contract billing practices.
• Familiarity with WAWF / PIEE and federal government invoicing processes.
• CPA, CMA, MBA, or another relevant professional credential is a plus but not required.