Government Contract (GovCon) Accountant

Overview

A government contracting organization is seeking an analytical, detail-oriented GovCon Accountant to join their finance team. This role involves managing full-cycle accounting operations—including Accounts Payable (AP), Accounts Receivable (AR), and General Ledger (GL) maintenance—while ensuring strict compliance with GAAP and federal government contracting regulations. The ideal candidate will have hands-on experience with PROCAS or equivalent GovCon accounting software to manage indirect rates, contract tracking, and compliant financial reporting.

Responsibilities

Full-Cycle Accounting Operations (AP/AR/GL)

• Process vendor invoices, match purchase orders, ensure proper project/cost-code allocations, and prepare weekly disbursement cycles.
• Generate precise, compliant client billings for Time & Materials, Firm-Fixed-Price, and Cost-Plus contracts and track collections.
• Maintain the corporate general ledger, prepare and post journal entries, and perform monthly bank and balance sheet reconciliations.
• Support month-end and year-end close processes, ensuring all financial data is accurately captured within deadlines.

Government Contracting & Compliance

• Ensure accurate tracking, allocation, and reporting of direct costs, indirect costs, and unallowable expenses in strict compliance with FAR (Federal Acquisition Regulation) and CAS (Cost Accounting Standards).
• Assist in the calculation, monitoring, and application of provisional and actual indirect cost pools (Fringe, Overhead, G&A).
• Assist in preparing schedules, worksheets, and documentation for DCAA/DCMA compliance reviews and annual corporate financial audits.

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.
• 2–3 years of progressive full-cycle accounting experience (AP, AR, GL).
• Experience working in a Federal Government Contracting environment with understanding of indirect rates and government cost structures.
• Experience with PROCAS or similar GovCon-specific tools (e.g., Deltek Costpoint, Unanet).
• Knowledge of GAAP, FAR, and DCAA compliance requirements.
• Proficiency in MS Excel, including pivot tables, complex formulas, and VLOOKUP/XLOOKUP.

Preferred Qualifications

• Prior experience assisting with the preparation of an Incurred Cost Submission (ICS).
• Familiarity with data visualization or reporting software such as Power BI or Tableau.
• Strong communication skills to coordinate cross-functionally with Project Managers regarding budget variances and contract burn rates.
• Familiarity with AI-driven tools.

Compensation & Benefits

Details on compensation and benefits are not provided.

Location

• Leesburg, VA
• This position is 100% remote.

Equal Employment Opportunity

The employer provides equal employment opportunity to all employees and applicants without regard to protected status including race, ethnicity, color, national origin, ancestry, religion, creed, age, gender, gender identity or expression, sexual orientation, marital status, parental status (including pregnancy and childbirth), disability, military or veteran status, genetic information, or any other protected category.