Project Finance Controller

Project Finance Controller

Requirements

• 4+ years of experience in a Finance/Accounting role in a government and/or commercial contracting environment.
• Experience with service type T&M and/or fixed priced contracts.
• Experience with Deltek Costpoint and Cognos reports.
• Experience using M365 applications, including Excel, e.g., VLOOKUP, Pivot Tables, etc.

Responsibilities

• Execute contracts from cradle to grave, including reviewing executed contracts and pulling out the necessary information to setup and manage a project, set-up projects with multiple contract types, e.g., Cost-Plus, T&M, Fixed-Price, including proper billing and revenue recognition.
• Maintain Deltek Costpoint project information, i.e., contract /funding values, period of performance, line of business, project labor categories, etc.
• Review and complete timely and accurate project monthly revenue recognition procedures, in accordance with GAAP and ICF policies.
• Analyze all direct project costs/fee/revenue data; monitor project budgets and progress; and share results with Program Managers to ensure projects achieve financial expectations.
• Ensure timely invoice processing. Work with assigned billing specialist; review and approve client invoices; follow up on collections; and analyze and understand unbilled WIP.
• Prepare and effectively review Estimate-At-Complete (EAC)
• Manage project subcontractor invoices, including subcontractor invoice approval; processing and submission to Accounts Payable; and maintenance of subcontractor financial data for semi-annual subcontractor reporting (SF 294).
• Prepare and submit project monthly progress reports /other reports as required.
• Interact with other departments, such as Contracts, Procurement, Accounting, Project Management, and Business Unit Leads regarding project related issues.
• Maintain open communication with direct management regarding financial results and ensure Project Managers and other senior personnel are aware of risks and opportunities identified during project financial tracking, revenue review, A/R, WIP, etc.
• Review and monitor project funding and expenditures for contract 75% Limitation of Funds notification.
• Prepare and provide necessary financial information (i.e., fee retention, final invoice review) and other related financial information/documentation to the ICF closeout department.
• Assist with reviewing and updating project forecasting files.
• Assist with the mentoring and training of junior team members.

Preferred Qualifications

• Bachelor’s degree in Accounting/Finance, Business or related discipline, or equivalent experience in a related field.