Job Information
Zero Point, Inc Accounting Project Controller in Virginia Beach, Virginia
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