Senior Government Cost Accountant

Key Responsibilities

• Maintain accounting records and financial reporting processes related to government contracts, grants, and funded programs.
• Ensure compliance with Federal Acquisition Regulations (FAR), Cost Accounting Standards (CAS), Defense Contract Audit Agency (DCAA) requirements, and contract-specific accounting provisions.
• Monitor contract costs, indirect rates, billing practices, and revenue recognition to ensure compliance and maximize cost recovery.
• Prepare, analyze, and support incurred cost submissions (ICS), provisional billing rates, and indirect rate calculations.
• Review cost allocations to ensure consistency with government regulations and company policies.
• Support government audits, DCAA reviews, and customer requests by preparing required schedules, analyses, and supporting documentation.
• Partner with Contracts, Program Management, and Operations teams to ensure accurate contract setup, cost tracking, and financial reporting.
• Analyze manufacturing costs, including labor, material, overhead, scrap, inventory valuation, and production variances.
• Support standard cost development, annual cost roll processes, and periodic cost updates.
• Investigate and explain production, labor, material usage, and overhead variances to management.
• Avoidance of inventory reconciliations, cycle counts, and physical inventory activities.
• Collaborate with operations leadership to improve cost controls, inventory accuracy, and manufacturing efficiency.
• Prepare monthly, quarterly, and annual financial reports and analyses.
• Perform account reconciliations, journal entries, and general ledger reviews.
• Analyze project profitability, contract performance, manufacturing expenditures, and operational trends.
• Develop financial forecasts and support annual budgeting and planning activities.
• Prepare and monitor indirect cost pools and allocation bases to support accurate rate development and contract cost recovery.
• Perform monthly Section 45X Advanced Manufacturing Production Credit calculations, maintain supporting documentation, and record related accounting entries.
• Provide actionable financial insights and recommendations to management regarding contract and operational performance.

Internal Controls & Process Improvement

• Maintain effective internal controls over financial reporting, contract accounting, and manufacturing accounting activities.
• Identify financial risks, compliance concerns, and process improvement opportunities.
• Support implementation of accounting process improvements, automation initiatives, and system enhancements.
• Ensure adherence to company policies, accounting standards, and regulatory requirements.

Audit Support

• Coordinate internal and external audits related to government contracts, manufacturing operations, and financial reporting.
• Prepare audit schedules, supporting analyses, and responses to auditor inquiries.
• Aid in the development and maintenance of documentation supporting accounting policies, procedures, and compliance requirements.