Senior Accountant- Project and Cost
About The Position
The Senior Accountant – Project and Cost manages project setup, cost tracking, and contract financial records in Microsoft Dynamics 365 Finance & Operations (D365 F&O) for government and other cost-type contracts. The role monitors budgets and authorized funding, maintains accurate accounting and billing configurations, and supports month-end close, revenue recognition, and audits. The position also owns the D365 F&O actual costing close process, including analysis of complex production orders, investigation of manufacturing cost variances, and review and closing of work orders. It 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 a related field.
- 3–5 years of progressive accounting experience.
- Experience with ERP systems.
- 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.
Nice To Haves
- Manufacturing or government contracting experience.
- Microsoft Dynamics D365 experience; D365 F&O is strongly preferred.
- Familiarity with government contract accounting concepts.
Responsibilities
- Manage project setup and maintenance in D365 F&O’s Project Management and Accounting module for government and cost-type contracts, configuring accounting and billing based on approved contract terms such as FFP, CPFF, and T&M.
- Maintain project hierarchies, subprojects, work breakdown structures, labor categories, project categories, job codes, and financial dimensions for accurate cost tracking.
- Maintain contract values, authorized funding, periods of performance, billing limits, approved modifications, 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.
- Prepare and validate project financial data and supporting schedules for month-end close and revenue recognition in coordination with accounting personnel.
- Lead the monthly inventory close process in D365 F&O and ensure accurate actual costing calculations across inventory transactions.
- Manage and troubleshoot the D365 F&O actual costing close process and resolve costing errors and exceptions before period close.
- Analyze and validate complex, multilevel bills of materials to ensure accurate cost rollups and component costing.
- Perform detailed review of overhead absorption.
- Investigate and explain BOM- and routing-level cost variances, identifying causes such as material, labor, overhead, or scrap.
- Review and close production orders.
- Reconcile inventory valuation and work-in-progress balances between D365 F&O subledgers and the general ledger after each costing close.
- Partner with Operations to validate BOM accuracy and routing data, and ensure cost accounting setup is correct for new BOMs and products.
- Provide backup support for the Project Accountant and other accounting functions as needed.
- Support audits and ensure data integrity within the ERP.
- Complete special projects as assigned.
- May participate in identity-verification processes required for government or customer portals.
- May be asked to drive for company purposes; if asked and agreed, employees must have a valid California Driver’s License and a clean driving record.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
