Senior Cost Accountant

Job Title: Senior Cost Accountant
Position Number: SR CACCT-001
Location: Virginia Beach, VA
Worksite: R3 Headquarters

Status: Full Time
Date Added: November 1, 2024

Job Summary:

The Senior Cost Accountant/ Costpoint Administrator understands the organization and the operations of the Company. This position assumes assigned responsibilities; interprets and applies company policies, procedures, and rules; classifies data according to prescribed accounting systems; posts and balances journal and ledgers; performs multiple tasks that are subject to periodic interruptions; prepares, maintains, and reconciles various complex financial accounts. The Senior Cost Accountant/ Costpoint Administrator must have previous experience in Deltek Costpoint Administration and Government Contractor Cost Accounting.

Duties and Responsibilities:

• Maintain the Costpoint accounting system as the System Administrator. Configure and manage day-to-day operations in Deltek Costpoint modules including Project Accounting, Time & Expense and Business Intelligence.
• Implement Costpoint Project Control, Setup, and Maintenance.
• Stay updated on Deltek product updates, patches, and new features, evaluating their potential impact, and recommending appropriate actions.
• Enter new project information into Costpoint and apply to appropriate Work Breakdown Structure.
• Assist employees with Costpoint questions regarding system access, timesheets, and expense reports.
• Perform review of contract information to determine appropriate project setup in Costpoint to facilitate labor, expense, billing, revenue.
• Lead the Accounting month-end close cycles, all journal entries, including reconciliations and prepare financial statements.
• Prepare Estimate at Completion/Estimate to Complete analysis, reporting of inception to date costs, contract costs, billing, and progress payments, and revenue recognition in Costpoint.
• Audit timesheets, leave accruals and balances, troubleshoot employee timesheets, process special checks and regular payroll runs, create upload file to transmit payroll file to ADP, run the payroll system month-end processes, analyze outputs, troubleshoot discrepancies, and upload the files into the general ledger system.
• Process all labor distribution reclassification/adjustment journals.
• Run the labor and fringe benefits, analyze outputs, make necessary changes, and upload into the general ledger system. Reconcile account balances and resolve all problems.
• Assist with preparation and submission of Model Incurred Cost Proposal model.
• Serve as a liaison with external auditors and regulatory authorities.
• Mentor accounting staff, promote best practice and compliance.
• Perform additional responsibilities, ad-hoc reporting, and analysis as requested or assigned

Qualifications:

• Bachelor's degree in accounting required. Certified Public Accountant (CPA), preferred.
• Minimum 7 years of experience in the Government Contractor industry.
• Knowledge of Cost Accounting Standards and Federal Acquisition Regulation rules and regulations.
• Knowledge and facility with Generally Accepted Accounting Principles.
• Proficient with Microsoft Office including Excel (advanced), Costpoint Time and Expense, Costpoint accounting software, Costpoint Enterprise Reporting.
• Expertise in Deltek Costpoint (version 8) with ability to support company users.

EOE AA M/F/Vet/Disability