Senior Accountant

Overview

A Senior Accountant position is available to manage comprehensive government contract accounting operations within Deltek Costpoint. This role involves overseeing project cost accounting, indirect rate calculations, general ledger maintenance, and month-end/year-end close processes in a DCAA-compliant environment. The position ensures accurate financial reporting under FAR Part 31 cost principles and Cost Accounting Standards (CAS), supports incurred cost submission preparation, and acts as the subject matter expert for Costpoint accounting functions. Collaboration with program management, contracts, and the Corporate Controller is essential to maintain the financial integrity of the federal contract portfolio.

Responsibilities

Deltek Costpoint Operations

• Serve as the primary operator and subject matter expert for Deltek Costpoint across all accounting modules including General Ledger, Accounts Payable, Accounts Receivable, Project, Billing, Labor, Purchasing, and Time & Expense.
• Execute and validate payroll journal entry imports from Paylocity into Costpoint, ensuring accurate labor distribution across direct and indirect cost pools.
• Configure and maintain Costpoint project structures, including charge codes, cost elements, funding profiles, ceiling limits, and revenue recognition rules.
• Manage billing setups for various contract types (T&M, cost-plus, FFP, hybrid) and generate/review invoices through the Costpoint billing module.
• Perform period-end processing such as revenue recognition runs, indirect rate allocation, account reconciliation, and period close procedures.
• Maintain the Costpoint chart of accounts, organizational structures, and account category hierarchies to support cost pool segregation.
• Build and maintain reports and queries for management reporting, audit support, and ad hoc financial analysis.
• Troubleshoot system issues and coordinate with Deltek support and IT for patches, upgrades, and configuration changes.
• Manage user security profiles and access controls to ensure proper segregation of duties.

Government Contract Accounting & FAR/CAS Compliance

• Apply FAR Part 31 cost allowability, allocability, and reasonableness criteria; identify and segregate unallowable costs per the company’s Disclosure Statement.
• Calculate, monitor, and adjust provisional indirect rates (fringe, overhead, G&A, material handling) and reconcile actual versus provisional rates quarterly.
• Prepare the annual Incurred Cost Submission (ICS) package in accordance with FAR 52.216-7, including schedules, certifications, and reconciliations.
• Support DCAA audit requests including floor checks, system audits, and incurred cost audits; prepare supporting documentation and walkthroughs.
• Ensure compliance with applicable Cost Accounting Standards, maintaining consistency in cost accounting practices and timely disclosure of changes.
• Maintain cost pool structures and allocation bases aligned with the company’s CAS Disclosure Statement.
• Process and track contract funding modifications, obligations, ceiling adjustments, and period of performance changes in Costpoint.
• Monitor contract funding status and alert program managers of funding ceilings or gaps.

General Accounting & Financial Reporting

• Perform full monthly close processes including journal entries, accruals, deferrals, intercompany eliminations, and balance sheet reconciliations.
• Reconcile all balance sheet accounts monthly with supporting schedules and variance explanations; maintain organized workpapers.
• Manage full-cycle accounts payable including vendor invoice validation, 3-way match, approval routing, payment processing, and 1099 reporting.
• Process accounts receivable including invoice generation, cash application, collections follow-up, and aging analysis for federal and commercial accounts.
• Prepare bank reconciliations and manage corporate credit card expense reconciliation and reporting.
• Assist with preparation of monthly, quarterly, and annual financial statements and management reports.
• Support annual external audit and tax return preparation by preparing requested schedules and analyses.
• Maintain fixed asset register including capitalization, depreciation schedules, and disposal tracking within Costpoint.

Project Accounting & Billing

• Set up new projects/contracts in Costpoint including project hierarchy, labor categories, ODC elements, subcontractor structures, and billing terms.
• Review and validate project cost reports; investigate and resolve cost mischarges, labor mispostings, and allocation anomalies.
• Prepare and submit government contract invoices (SF-1034, SF-1035, or electronic) through Costpoint and government payment portals (WAWF/IPP).
• Track and report contract profitability, budget vs. actual performance, Estimate at Completion (EAC), and funding burn rates.
• Process and account for subcontractor invoices, consultant payments, and pass-through costs in accordance with FAR and contract terms.
• Reconcile revenue recognition entries to contract billing ensuring proper cutoff between periods.

Requirements

Required Qualifications

• Bachelor's degree in Accounting, Finance, or a closely related field.
• Minimum of 5 years progressive accounting experience, including at least 3 years in government contract accounting at a federal contractor.
• Hands-on proficiency with Deltek Costpoint, including GL, AP, AR, Project, Billing, and Labor modules.
• Strong knowledge of FAR Part 31 cost principles, Cost Accounting Standards (CAS), and DCAA audit requirements.
• Experience preparing or substantially contributing to Incurred Cost Submissions (ICS).
• Demonstrated experience with indirect rate calculations and provisional-to-actual rate reconciliation.
• Experience with government contract billing across multiple contract types (T&M, cost-plus, FFP).
• Advanced Microsoft Excel skills (pivot tables, VLOOKUP/INDEX-MATCH, data analysis).
• U.S. citizenship required.
• Strong analytical, problem-solving, and organizational skills with high attention to detail.
• Ability to work independently, manage competing priorities, and meet deadlines in a fast-paced environment.

Preferred Qualifications

• MBA or Master’s degree in Accounting.
• Experience with Deltek Costpoint 8 (post-migration from 7.x).
• Experience supporting DCAA system audits (accounting, billing, estimating).
• Familiarity with DFARS, Service Contract Act (SCA), and prevailing wage requirements.
• Experience with Wide Area Workflow (WAWF) / Invoice Processing Platform (IPP) for government invoicing.
• Experience with Paylocity or payroll-to-ERP integration workflows.
• Background in DoD software development or professional services contracting.
• Familiarity with CMMC 2.0, NIST 800-171, and Controlled Unclassified Information (CUI) handling requirements related to financial data.
• Experience with Deltek Time & Expense or integrated timekeeping systems.

Compensation & Benefits

• Salary range: $97,500 – $129,500 annually (Pay Grade 14, Zone E base), with a target midpoint of $105,000.
• Actual compensation will be based on experience, qualifications, certifications, and geographic location with zone differentials (Zone A +30%, Zone B +20%, Zone C +12%, Zone D +5%, Zone E base).
• Comprehensive benefits package including medical, dental, vision, 401(k), paid time off, education reimbursement, and certification reimbursement.

Work Environment & Requirements

• U.S. citizenship is required.
• Security clearance may be required depending on contract assignment.
• Background check required.
• Access to Controlled Unclassified Information (CUI) may be required; adherence to NIST 800-171 data handling standards is mandatory.