What are the responsibilities and job description for the Project Control Accountant position at CommIT Enterprises, Inc?
Overview
CommIT Enterprises, Inc. is seeking a detail-oriented and experienced Project Control Accountant to join our finance team in Stafford, VA. This mid-level role will be responsible for maintaining accurate project financials, managing revenue recognition, invoicing through government portals, and supporting compliance with FAR and CAS regulations.
The ideal candidate will have a strong background in government contracting financial practices, including project accounting, invoicing, and reconciliations, along with a solid understanding of A/P, A/R, G/L processes, and financial reporting. This position will play a key role in collaborating with project teams and corporate personnel to ensure consistency in financial monitoring and operational efficiency across all contracts.
If you thrive in a collaborative, fast-paced environment and have a passion for turning financial data into actionable insights, we invite you to apply and become a key part of our team!
Established in 2001, CommIT is a Certified Veteran-Owned Small Business (VOSB) providing innovative technical engineering and data science services. Our enterprise systems support includes the Department of Defense’s (DoD) GCSS-MC, CAC2S, TBMCS-MC, and the Department of Veteran’s Affairs’ (VA) telehealth communications. We offer acquisition management, systems engineering, Agile software development, cloud management, IT modernization, data analytics, cybersecurity, and training, including leading-edge DevSecOps, automated testing, and mobile application development.
Responsibilities
Your essential job functions will include but may not be limited to-
Project Budgeting, Forecasting & Reportingo Develop and maintain financial structures and revenue setups for new projects and modifications.
o Track and report project costs, revenue, and profitability, conducting variance analysis against budgeted amounts.
o Monitor subcontractor and consultant funding, expenditures, and accruals to ensure contract compliance
o Create and distribute project status reports (PSRs), revenue summaries, and ad-hoc financial reports.
o Assist in preparing financial forecasts, including annual waterfall projections and pipeline opportunities.
o Participate in pricing exercises and cost estimate development for proposals.
Billing, Revenue & Accounts Receivableo Generate and submit invoices through government portals (Symphony, IPP, WAWF) and direct client submissions.
o Reconcile billing, revenue, and unbilled amounts across multiple levels.
o Communicate with customers to follow up on invoice payments and resolve discrepancies.
o Monitor cash flow by tracking outstanding invoices, reviewing accounts receivable, and ensuring timely client payments.
General Accounting & Month-End Closeo Prepare and post journal entries related to prepaid expenses, payroll, lease transactions, investments, depreciation, and cost pool allocations.
o Reconcile general ledger (GL) accounts, fixed assets, and depreciation/amortization schedules.
o Prepare monthly financial statements, balance sheet reconciliations, and quarterly consolidated financials with management analysis.
Cross-Functional Collaboration & Special Projectso Support Program Managers in financial decision-making by providing relevant cost and revenue data.
o Act as a liaison between project teams and corporate finance/accounting personnel to streamline financial operations.
o Provide backup support for accounts payable, timesheet compliance, and expense report reviews.
o Assist with corporate budgeting, financial planning, and other special projects as needed.
Audit & Compliance Supporto Assist in the preparation of documentation and schedules for financial statement audits and incurred cost submissions.
o Ensure transactions comply with Generally Accepted Accounting Principles (GAAP) and government cost regulations (FAR, CAS).
o Support internal and external audit requests by providing necessary financial reports and reconciliations.
Qualifications
Required Experience and Education:
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field (required).
- 3–5 years of experience in project accounting or financial analysis supporting government contracting (required).
- Experience with government contracting financial practices, including FAR, CAS, and DCAA compliance (required).
- Proficiency in accounting systems, such as Procas, Deltek Costpoint, or a similar ERP system (required).
- Strong understanding of A/P, A/R, G/L processes, project invoicing, and financial reconciliation (required).
- Experience with government invoicing portals, such as IPP and WAWF (preferred).
- Strong analytical and problem-solving skills, with a detail-oriented and deadline-driven approach.
- Excellent communication and collaboration skills, with the ability to work across project teams and corporate departments.
- Proficiency in Microsoft Office Suite, especially Excel (Pivot Tables, VLOOKUPs, financial modeling, etc.).
Security Clearance:
- Ability to obtain and maintain a U.S. security clearance, if required
Equal Opportunity Employer:
CommIT Enterprises, Inc. is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national origin, gender, sexual orientation, gender identity, age, physical or mental disability, genetic factors, military/veteran status or other characteristics protected by law.
