Accountant 2 – Contract Accounting

Job Description

Performs general accounting functions. Prepares and validates balance sheet, profit and loss statements, consolidated financial statements and other accounting schedules and financial reports. Recommends concepts for accounting systems improvements. Identifies accounting records for retention. Monitors cost classification system and validates inputs. Prepares reports that verify contracts are within negotiated and agreed-upon parameters and cost control guidelines. Participate in internal audits and supports external audit requirements. Evaluates current contract costs and contributes in estimating future costs and margins. Participates in forecasting profit and loss and balance sheet elements. Researches and responds to routine accounting related inquiries and resolves issues and discrepancies.

The Contract Accountant 2 will be responsible for performing general accounting functions for contracts.

The successful candidate will:
Perform journal entries and balance sheet reconciliations.

Identify, implement, and document new and/or revised accounting principles, processes, practices, and procedures.

Be responsible for ensuring appropriate revenue recognition in compliance with GAAP and contract billing.

Estimate future costs and margins for standard contracts. (EAC’s)

Work in partnership with Program Management team to execute contracts in accordance with disclosed accounting practices, validate cost inputs, and report/interpret results.

Supports forecasting revenue and margins on current and future contracts.

Collaborates in the design of new or modified concepts for accounting system improvements.

Supports internal accounting audits and responds to external audits.

Responds to accounting related inquiries and resolves.

Participates in the implementation of internal controls.

Read and understand contracts and identify relevant accounting events and financial risks. Qualifications

Knowledge, Skills & Abilities Required:
Must be able to work independently, as well as in a team environment

Team player with strong written and verbal communication skills

High attention to detail

Must be well-organized, motivated, flexible, and able to multi-task in a fast-paced environment

Strong research and problem solving skills

Ability to collect, organize and analyze data; summarize findings; develop conclusions and recommendations from appropriate data sources

Strong Excel skills and ability to turn data into information required

Education & Experience:
3-5 years of experience in accounting and/or finance roles.

Bachelor’s degree with Accounting emphasis required.

Other Requirements or Preferences:
Prior experience accounting for a government contracts required

Costpoint ERP experience a plus

Additional Information

Equal Employment Opportunity: Insitu’s policy on equal employment opportunity prohibits discrimination based on race, color, religion, national origin, gender, sexual orientation, gender identity, age, physical or mental disability, or veteran status. This policy applies to recruiting, hiring, transfers, promotions, terminations, compensation and benefits and also states that retaliation against any employee who files a complaint regarding possible violations of this policy will not be tolerated.