Senior Accountant- Project and Cost

Trust Automation•San Luis Obispo, CA

7d•$90,940 - $110,000•Onsite

About The Position

The Senior Accountant – Project and Cost manages project setup, cost tracking, and contract financial records in D365 for government and other cost-type contracts. This role monitors budgets and authorized funding, maintains accurate accounting and billing configurations, and supports month-end close, revenue recognition, and audits. This role also owns the D365 F&O actual costing close process, including analysis of complex production orders and investigation of manufacturing cost variances and review and closing of work orders. The position collaborates with Program Management, Contracts, Sales, Operations, and Accounting to resolve financial issues and maintain reliable project and cost reporting.

Requirements

Bachelor’s degree in Accounting, Finance, or related field.
3–5 years of progressive accounting experience; manufacturing or government contracting experience preferred.
Experience with ERP systems required; Microsoft Dynamics D365 strongly preferred.
Solid understanding of GAAP and core accounting processes.
Strong analytical, problem-solving, and organizational skills.
Advanced Microsoft Excel skills.
Ability to maintain confidentiality and exercise sound judgment.
Excellent written and verbal communication skills.
Ability to work independently and manage multiple tasks simultaneously.
Familiarity with government contract accounting concepts preferred but not required.
May participate in identity-verification processes required for government or customer portals.
If asked and agreed upon, employees must possess a valid California Driver’s License and clean driving record.
May participate in the identity verification process to access secure client or government portals by authorizing certified supplier or customer management platforms to obtain information from your personal credit profile or other information, solely to verify your identity.

Nice To Haves

Microsoft Dynamics D365
Government contract accounting concepts

Responsibilities

Manage project setup and maintenance in D365 F&O’s Project Management and Accounting module for all government contracts or cost type contracts; establish project records and appropriate accounting and billing configurations based on approved contract terms, including firm fixed price (FFP), cost-plus fixed fee (CPFF), and time and materials (T&M) arrangements.
Maintain project hierarchies, subprojects, work breakdown structures (WBS), labor categories, project categories, job codes, and financial dimensions to support accurate cost tracking by prime contract, task order, and contract line item, as applicable.
Maintain contract values, authorized funding, periods of performance, billing limits, and approved modifications; ensure changes are accurately reflected in project records and supporting documentation.
Monitor project costs, commitments, and financial performance against budgets and authorized funding; investigate variances and communicate potential overruns and other financial concerns to project stakeholders.
Prepare and validate project financial data and supporting schedules for month-end close and revenue recognition in coordination with the responsible accounting personnel.
Lead the monthly inventory close process in D365 F&O, ensuring accurate actual costing calculations across all inventory transactions.
Manage and troubleshoot the D365 F&O actual costing close process, resolving costing errors and exceptions prior to period close.
Analyze and validate complex, multi-level bills of materials (BOMs) to ensure accurate cost rollups and component costing.
Perform detailed review of overhead absorption.
Investigate and explain cost variances at the BOM and routing level, identifying root causes such as material, labor, overhead, or scrap.
Review and close production orders.
Reconcile inventory valuation and work in progress (WIP) balances between D365 F&O subledgers and the general ledger following each costing close.
Partner with Operations to validate BOM accuracy and routing data feeding actual cost calculations. Ensure cost accounting setup on new BOMs and products are correct.
Provide backup support for the Project Accountant and other accounting functions as needed.
Support audit processes and ensure data integrity within ERP.
Special projects as assigned.