Goverment Cost Accountant

Simmonds Precision•Vergennes, VT

About The Position

The Government Cost Accountant is responsible for ensuring compliance with U.S. government cost accounting standards and federal acquisition regulations within a dynamic aerospace manufacturing environment. This role supports government contracts by maintaining compliant cost structures, preparing incurred cost submissions, supporting audits, and ensuring accurate cost allocation across programs. The ideal candidate has strong experience with FAR, CAS, and DCAA regulations and understands the complexities of aerospace manufacturing, long-term contracts, and defense programs.

Requirements

Bachelor’s degree in Accounting, Finance, or related field.
3+ years of experience in government contract accounting within aerospace, defense, or manufacturing.
Strong knowledge of FAR, CAS, and DCAA compliance requirements.
Familiarity with ERP systems (e.g., Infor, NetSuite, SAP, Oracle).
Advanced Excel skills.

Nice To Haves

CPA or CMA certification.
Experience with DCMA interactions.
Experience supporting proposal pricing and forward pricing rate proposals.

Responsibilities

Ensure compliance with Federal Acquisition Regulations (FAR), Cost Accounting Standards (CAS), and Defense Contract Audit Agency (DCAA) requirements.
Prepare and submit annual Incurred Cost Submissions (ICS).
Maintain and update the company’s Disclosure Statement (CASB DS-1), if applicable.
Monitor indirect rate structures and ensure consistency with approved forward pricing rate agreements (FPRAs).
Assist with provisional billing rates and final indirect rate proposals.
Develop and maintain compliant cost allocation methodologies.
Review labor distribution, overhead pools, and G&A allocations.
Support pricing proposals and cost volume submissions for new government contracts.
Conduct variance analysis and provide cost performance insights to program managers.
Collaborate with Program Management and Contracts teams to ensure proper cost tracking by contract.
Serve as support for DCAA and DCMA audits.
Support incurred cost audits, forward pricing audits, and system reviews.
Maintain documentation supporting cost accounting practices and internal controls.
Assist in preparation for Contractor Purchasing System Reviews (CPSR) and accounting system audits.
Ensure ERP systems properly capture and segregate direct and indirect costs.
Recommend and implement improvements to strengthen compliance and reporting efficiency.
Assist in timekeeping system compliance and training initiatives.