Zero Point
Location: Virginia Beach,VA, USA
Date: 2024-12-01T06:14:55Z
Job Description:
PRIMARY OBJECTIVE OF POSITION: The Accounting Project Controller is responsible for overseeing the funding status of both prime and subcontracts, ensuring compliance with contract terms and financial regulations. Additionally, they play a key role in bid and proposal work, assisting in cost estimation, pricing strategy development, and financial analysis to support successful contract acquisition. MAJOR DUTIES & RESPONSIBILITIES: Regularly review funding allocations for prime and subcontracts to ensure they align with contract terms and budgetary constraints Track and analyze funding levels to identify potential shortfalls or surpluses Collaborate with project managers to understand project requirements and funding needs Provide financial guidance and support in planning, budgeting, and forecasting for contracts Accurately maintain and update financial records related to contracts, including budgets, expenses, and funding status. Develop and Manage Government Services Contract business indirect rates Generate and distribute regular reports detailing the funding status of prime and subcontracts Provide analysis and recommendations based on financial data Evaluate and process requests for budget revisions or reallocations in accordance with contract terms and company policies Ensure that all financial activities related to contracts comply with relevant laws, regulations, and company policies (GAAP, FAR, DFAR, GAS, DCAA, DCMA, etc.) Develop and manage corporate financial relationships with relevant Government agencies, such as DCAA, DCMA, DFAS, etc. Prepare and Manage Governmental Accounting documentation and submissions, such as annual Incurred Cost Submissions, annual Provisional Rates submissions, DCAA/DCMA audits, etc. Monitor and report any discrepancies or non-compliance issues Assist in forecasting future funding requirements for ongoing and upcoming contracts Contribute to long-term financial planning based on contract projections Act as a point of contact between internal teams, Government contracting offices, clients, and subcontractors regarding funding-related inquiries Provide timely updates and responses to all relevant stakeholders Identify potential financial risks or issues related to funding and work proactively to mitigate them Develop contingency plans for funding shortfalls or unexpected expenses Monitor and track payments to subcontractors to ensure they align with contract terms and funding availability Develop and manage financial submissions, audits and reviews related to contracts, and provide necessary documentation and explanations as required Identify opportunities for process improvements in financial management related to contracts Implement best practices and efficiencies to enhance contract finance administration Maintain organized and comprehensive records of all financial transactions, correspondence, and contract-related documents Manage and ensure all contract related transactions are captured in a timely and accurate manor in the companies Accounting Systems, including job costs, billings, subledgers, etc., as well as in Government System touch points such as WAWF, DCAA compliance documentation, etc. Provide training and support to colleagues or team members on contract finance processes and tools Develop cost estimates for bids and proposals, considering various factors such as labor, materials, overhead, travel, ODCs, and contingencies Conduct cost analysis to ensure competitive pricing while maintaining profitability Collaborate with cross-functional teams to prepare budgets for bids and proposals, ensuring alignment with project requirements and financial constraints Conduct profitability analysis on potential contracts to assess their financial viability and contribution to the organization's overall goals Provide financial expertise and support during contract negotiations, offering insights on pricing, payment terms, and financial implications Develop financial documentation and exhibits for inclusion in bid and proposal submissions, ensuring accuracy and clarity Prepare Pricing narrative documentation and analysis for Government bid and proposal submissions Conduct market research to gather competitive intelligence on pricing trends, industry benchmarks, and cost structures Develop pricing strategies to maximize competitiveness and profitability Perform cost benefit analyses to assess the potential return on investment for specific bids and proposals Participate in proposal presentations, providing financial insights and addressing any financial-related questions from clients or stakeholders Evaluate the financial aspects of unsuccessful bids to identify areas for improvement and gather lessons learned Stay informed about relevant government regulations, especially those related to cost accounting standards and pricing strategies for government contracts Work closely with legal and contracts teams to ensure that bid and proposal submissions align with legal and contractual requirements Conduct scenario modeling and sensitivity analysis to assess the impact of different variables on the financial outcomes of bids and proposals Maintain comprehensive records of bid and proposal activities, including financial data, correspondence, and documentation related to pricing strategies MINIMUM QUALIFICATIONS A bachelor's degree in finance, accounting or business administration required A minimum of 2-5 years of relevant experience in contract finance administration, financial analysis, or a related field. Experience in Department of the Defense (DOD) government contracting preferred Familiarity with non-FAR based procurement vehicles (Cooperative Research and Developmental Agreements, other transactions, etc.) a plus Strong understanding of financial principles, including budgeting, forecasting, cost analysis, and financial reporting Familiarity with contract terms, funding mechanisms, and compliance requirements Experience in supporting bid and proposal activities, including cost estimation, pricing strategy development, and proposal review Proficiency in data analysis, financial modeling, and the ability to interpret financial data to support decision-making A high level of accuracy and attention to detail is crucial in maintaining precise financial records and ensuring compliance Strong verbal and written communication skills are essential for effective collaboration with cross-functional teams, clients, and subcontractors Ability to identify and address financial issues, propose solutions, and implement process improvements Proficiency in Microsoft Excel, as well as familiarity with financial management software and enterprise resource planning (ERP) systems Understanding of relevant industry regulations, government contracting requirements, and cost accounting standards (GAAP, FAR, DFAR, GAS, DCAA, DCMA, etc.) Ability to work effectively in a team environment and collaborate with colleagues from various departments Flexibility to adapt to changing priorities and deadlines in a dynamic work environment Adherence to ethical standards and a commitment to maintaining confidentiality and integrity in financial transactions and reporting Ability to work with varying seniority levels, including staff, managers and external partners Department CORP Employment Type Full Time
Apply Now!