Experienced Senior, Outsourced Finance & Accounting

BDO USA•McLean, VA

About The Position

The Experienced Senior, Outsourced Finance & Accounting Associate is responsible for performing and overseeing the full cycle general accounting function for Government Contracting clients. This role involves understanding and executing all accounting functions, including general ledger, AP/AR, payroll, fixed assets, cash management, indirect rate calculation, and GovCon project accounting. The associate will assist with monthly, quarterly, and annual close processes, prepare GAAP-compliant financial statements, and support accurate revenue recognition and contract accounting in accordance with GovCon regulations. A key aspect of the role is ensuring compliance with FAR, CAS, DCAA, and federal contracting regulations, maintaining a DCAA-compliant accounting system, and assisting with indirect cost structures, provisional billing rates, and forward pricing support. The position also involves managing project setup, funding, labor charging, contract modifications, invoicing, cost allocations, profitability, and project closeout. Monitoring contract funding, financial performance, and project costs is crucial for ensuring contract compliance and profitability. Additionally, the role supports budgeting, forecasting, indirect rate planning, and financial analysis to aid executive decision-making and operational improvements. The Senior Associate will also serve as a member of the client’s consulting group team, provide guidance and support to Associates, and review their work, as well as assist in training Associates on current software tools and GovCon methodology.

Requirements

Bachelor's degree in Accounting, Finance, or Business Administration, required.
Three (3) or more years of progressive accounting experience in a government contracting environment, required.
Proficient in the use of the Microsoft Office Suite, specifically Excel and Word, required.
Advanced Microsoft Excel skills, required.
Working knowledge of U.S. GAAP, FAR, CAS, DCAA requirements, government contract accounting, and indirect rates required.
Excellent verbal and written communication skills, specifically business / report writing.
Solid organizational skills especially ability to meet project deadlines with a focus on details.
Ability to successfully multi-task while working independently or within a group environment.
Ability to work in a deadline-driven environment and handle multiple projects simultaneously.
Ability to follow and apply specific rules and regulations.
Ability to work with minimal supervision.

Nice To Haves

CPA or CPA candidate, preferred.
Experience with Deltek Costpoint, Unanet, PROCAS, and other government contractor ERP systems, preferred.

Responsibilities

Performs and oversees the full cycle general accounting function for Government Contracting clients.
Understands and works on all accounting functions, including general ledger, AP/AR, payroll, fixed assets, cash management, indirect rate calculation, and GovCon project accounting.
Assists with monthly, quarterly, and annual close processes and prepares GAAP-compliant financial statements.
Supports accurate revenue recognition, contract accounting, and maintenance of accounting policies and procedures in accordance with GovCon regulations.
Ensures compliance with FAR, CAS, DCAA, and federal contracting regulations while maintaining a DCAA-compliant accounting system.
Assists with indirect cost structures, provisional billing rates, and forward pricing support.
Assists with project setup, funding, labor charging, contract modifications, invoicing, cost allocations, profitability, and project closeout.
Monitors contract funding, financial performance, and project costs to ensure contract compliance and profitability.
Assists with budgeting, forecasting, indirect rate planning, and financial analysis to support executive decision-making and operational improvements.
Serves as a member of the client’s consulting group team.
Provides guidance and support to Associates, as assigned.
Reviews work prepared by Associates, as assigned.
Assists in training Associates on how to use current software tools and GovCon methodology.