Lead Project Accountant

LCG•Rockville, MD

10d•Hybrid

About The Position

LCG is seeking a Lead Project Accountant to own project financial management across its federal IT government contracts. This senior individual-contributor role requires a high degree of independence and minimal direction. The position owns project controls, client billing, and revenue management, and serves as a subject matter expert on complex project accounting matters for project managers and LCG Leadership. It reports to the Director, Finance. The Lead Project Accountant owns project budgets, forecasts, estimates at completion, and financial reviews of contract modifications. The role oversees invoicing for firm fixed price (FFP) and time-and-materials (T&M) contracts, leads project accounting work for month-end and year-end close, and is a primary contact for project financial data during audits and incurred cost submissions. This is a full-time, regular, hybrid position requiring onsite presence one day per week at LCG’s Rockville, Maryland office. LCG offers a competitive, comprehensive benefits package that includes health insurance options, life and disability insurance, retirement plan contributions, paid leave, federal holidays, professional development, and lifestyle benefits.

Requirements

Associate degree in Accounting, Finance, Business Administration, or a related field.
At least seven years of experience in project control, financial management, or related roles in a government contracting environment.
Proven experience leading client billing and revenue management for government contracts.
Demonstrated experience supporting government audits and incurred cost submissions.
Expert knowledge of government contracting regulations, including FAR and Cost Accounting Standards (CAS).
Advanced proficiency in Deltek Costpoint.
Advanced Excel skills, including pivot tables and financial modeling.
Ability to work independently and exercise sound judgment with minimal supervision.
Ability to manage multiple priorities and meet strict deadlines.
Strong written and verbal communication skills.
Ability and willingness to work onsite one day per week at the Rockville, Maryland office.

Nice To Haves

Bachelor’s degree in Accounting, Finance, or a related field.

Responsibilities

Develop and maintain project cost estimates, forecasts, estimates at completion (EAC), and budgets, including for complex contracts with multiple funding sources.
Monitor project performance, track costs, report variances to project managers and LCG Leadership, and recommend corrective action when needed.
Perform cost and schedule analysis to identify risks and recommend mitigation strategies.
Lead financial reviews of contract modifications, including analyses of financial impacts and changes to budgets, funding, and costs.
Manage Deltek Costpoint project setup, contract modifications, and workforce assignments, and set standards for project setup and data integrity.
Own the preparation and accuracy of client invoices across contract types, including FFP and T&M.
Submit invoices through the Invoice Processing Platform (IPP) and other customer portals.
Reconcile billed and unbilled amounts to support revenue recognition under GAAP and FAR.
Monitor receivables, follow up on overdue invoices, and resolve complex billing discrepancies and escalated customer payment issues.
Enter and reconcile cash receipts and prepare monthly revenue forecasts against targets.
Prepare and present monthly and annual financial reports to project managers and LCG Leadership.
Lead project accounting activities for month-end and year-end close, including revenue accruals, expense adjustments, and account reconciliations.
Review and process subcontractor timesheets and labor costs, record accounts payable entries for project other direct costs (ODC), and post monthly project journal entries.
Serve as a primary point of contact for project financial data during internal, external, and government audits.
Lead the preparation and validation of project cost data for incurred cost submissions.
Provide financial guidance to project managers and LCG Leadership on cost management, forecasting, and project profitability.
Collaborate with Contracts, Operations, and other teams to align financial objectives with project requirements.
Identify and recommend improvements to project accounting and billing processes, internal controls, and Costpoint configuration.