Senior Project Cost Accountant

Description

The Senior Project Cost Accountant is responsible for full-cycle contract financial management across assigned government programs. This role exists to support the growing volume and complexity of GMRE’s contracts and serves as a dedicated contract accounting resource within Finance.

This position focuses exclusively on project and contract accounting functions. The Senior Project Cost Accountant partners with Program Managers to oversee and analyze contract financial performance from set-up through closeout. Responsibilities include cost tracking, disciplined funding management, revenue recognition, forecasting, margin analysis, and financial risk identification.

This role reports directly to the Financial Operations Manager and operates with significant autonomy within established financial controls. The Senior Project Cost Accountant provides financial analysis and recommendations while escalating material risks, funding concerns, or compliance issues as appropriate.

This is a hybrid position. The Senior Project Cost Accountant must work in the office at least 3 days per week. Fridays are designated work-from-home days, and the employee may choose one additional remote day (Monday–Thursday). A consistent weekly schedule must be defined and maintained. Any changes to this schedule must be approved by the Financial Operations Manager in advance.

• Manage project financials from contract setup through closeout.
• Establish and maintain Work Breakdown Structures (WBS) and charge number integrity in coordination with Contracts and Program Management.
• Monitor funded value versus cost incurred and proactively address potential overruns or funding gaps.
• Prepare and validate project-level revenue recognition calculations in alignment with contract type and corporate policy.
• Prepare project-related journal entries, accruals, and adjustments in accordance with established financial controls.
• Maintain contract modification tracking and ensure financial system updates are timely and accurate.
• Identify financial risk drivers including cost growth, labor inefficiencies, subcontract overruns, and margin pressures; recommend corrective action.

• Prepare and submit government and prime contractor invoices in compliance with contract terms and billing requirements.
• Ensure project costs are allowable and properly documented in accordance with contract provisions and internal policy.
• Maintain complete and organized billing documentation to support strong internal controls.
• Track and support required contract-specific financial reporting, such as General Services Administration (GSA) Industrial Funding Fees (IFF), Contract Access Fees (CAF), and other deliverables.

• Lead development and validation of Estimates to Complete (ETCs) and Estimates at Completion (EACs) in partnership with Program Managers.
• Perform variance analysis against baseline budgets and prior forecasts.
• Analyze labor utilization, subcontract performance, burn rates, and cost-to-complete projections.
• Provide monthly project financial reporting, including margin analysis, funding status, and performance trends.
• Support company-level forecasting and rate modeling by providing accurate project-level data inputs.
• Present project financial performance to Program Managers and Finance leadership as assigned.
• Collaborate with Program Management to support Earned Value Management (EVM) processes, including cost and schedule performance analysis, variance identification, and forecast accuracy.

• Serve as the primary financial resource to assigned Program Managers for contract performance insight.
• Collaborate with Contracts to ensure contract modifications and funding updates are accurately reflected in financial systems.
• Contribute to the continuous improvement of project financial reporting and controls.
• Participate in team meetings and training(s) to develop knowledge of systems and financial workflows.
• Support training and guidance of other Project Cost Accountants as assigned.

GMRE is a small…