Government Contract (GovCon) Accountant

Cormac Corporation•Leesburg, VA

1d•Remote

About The Position

We are seeking an analytical, detail-oriented GovCon Accountant to join our finance team. This role is responsible for full-cycle accounting operations—including Accounts Payable (AP), Accounts Receivable (AR), and General Ledger (GL) maintenance—while ensuring absolute compliance with GAAP and federal government contracting regulations. The ideal candidate will have hands-on experience navigating PROCAS or equivalent GovCon accounting software to manage indirect rates, contract tracking, and compliant financial reporting.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field.
2–3 years of progressive full-cycle accounting experience (AP, AR, GL).
Experience working in a Federal Government Contracting environment with understanding of indirect rates and government cost structures.
Experience with PROCAS or similar GovCon-specific tools (e.g., Deltek Costpoint, Unanet).
Knowledge in GAAP, FAR, and DCAA compliance requirements.
Experience with MS Excel (pivot tables, complex formulas, VLOOKUP/XLOOKUP).

Nice To Haves

Prior experience assisting with the preparation of an Incurred Cost Submission (ICS).
Familiarity with data visualization or reporting software (e.g., Power BI, Tableau).
Strong communication skills to cross-functionally coordinate with Project Managers regarding budget variances and contract burn rates.
Familiarity with AI driven tools

Responsibilities

Full-Cycle Accounting Operations (AP/AR/GL): Process vendor invoices, match purchase orders, ensure proper project/cost-code allocations, and prepare weekly disbursement cycles. Generate precise, compliant client billings (Time & Materials, Firm-Fixed-Price, and Cost-Plus contracts) and track collections. Maintain the corporate general ledger, prepare and post journal entries, and perform monthly bank and balance sheet reconciliations. Support the month-end and year-end close processes, ensuring all financial data is accurately captured within deadliness.
Government Contracting & Compliance: Ensure accurate tracking, allocation, and reporting of direct costs, indirect costs, and unallowable expenses in strict compliance with FAR (Federal Acquisition Regulation) and CAS (Cost Accounting Standards). Assist in the calculation, monitoring, and application of provisional and actual indirect cost pools (Fringe, Overhead, G&A). Assist in preparing schedules, worksheets, and documentation for DCAA/DCMA compliance reviews and annual corporate financial audits.