Cost Accountant

Kratos Defense and Security Solutions; Fort Walton Beach (FL); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Medical, Dental & Vision Insurance

Life/ADD & Short/Long Term Disability

401(k) Savings Plan

Employee Stock Purchase Plan (ESPP)

Paid Time-Off (PTO)

Holidays

Education Reimbursement

Job summary

Kratos Defense and Security Solutions in Fort Walton Beach, FL seeks an experienced accounting professional to manage government contracting finances, cost accounting and GAAP-compliant reporting.

The role involves Deltek Costpoint-based journal entries, job costing, revenue recognition, audits, and close processes to ensure audit readiness and accurate financial statements for CPFF, FFP and T&M contracts.

Responsibilities

• Prepare invoices for federal government, state government, and commercial customers for various contract types, including CPFF, FFP, and T&M, ensuring audit-readiness of supporting schedules
• Assure that revenue recognition is accurate and in accordance with GAAP
• Follow all Company Policies and Procedures, State/Federal Laws and Regulations, and GAAP in the performance of duties, reporting any noncompliance
• Analyze key performance measures in order to establish and monitor overall company performance
• Coordinate with management monthly to ensure accurate profit margins for inventory job cost and revenue calculations
• Prepare and enter journal entries, ensuring accuracy and compliance prior to presenting for approval
• Support preparation of indirect rate application and projections, job costing, and financial report package schedules
• Provide support related to annual financial audits, government audits, provisional billing rates, and other auditor inquiries as requested
• Assist in the month and year end closing processes and procedures

Job description

GENERAL JOB SUMMARY:

The role is responsible for performing key accounting activities that support accurate, timely, and compliant financial reporting across business operations.

Job Description

The role operates in a government contracting manufacturing environment and is responsible for maintaining accurate, traceable, and audit-ready financial records. The position utilizes Deltek Costpoint and works closely with the cost accounting manager, program managers, and other functional areas. The successful candidate will demonstrate strong accounting fundamentals, sound judgement, analytical and problem-solving skills, attention to detail, and the ability to independently manage significant accounting responsibilities. Experience in government contracting, Costpoint, manufacturing, aerospace or defense is highly desirable.

ESSENTIAL JOB FUNCTIONS:

• Prepare invoices for federal government, state government, and commercial customers for various contract types, including CPFF, FFP, and T&M, ensuring audit-readiness of supporting schedules
• Assure that revenue recognition is accurate and in accordance with Generally Accepted Accounting Principles (GAAP)
• Follow all Company Policies and Procedures, State/Federal Laws and Regulations, and GAAP in the performance of duties, reporting any noncompliance
• Analyze key performance measures in order to establish and monitor overall company performance
• Coordinate with management monthly to ensure accurate profit margins for inventory job cost and revenue calculations
• Prepare and enter journal entries, ensuring accuracy and compliance prior to presenting for approval
• Support preparation of indirect rate application and projections, job costing, and financial report package schedules
• Provide support related to annual financial audits, government audits, provisional billing rates, and other auditor inquiries as requested
• Assist in the month and year end closing processes and procedures

Other Job Functions

• Evaluate contracts for proper revenue recognition method and prepare ASC 606 questionnaires
• Maintain monthly job costing schedule to include current revenue, costs, and profitability to ensure matching of revenue and costs on monthly financial for FFP contracts
• Prepare estimate at completion worksheets (EAC’s), job status reports, and financial CDRL support as requested
• Prepare external and internal audit documentation, coordinate audits with auditors, and provide auditor assistance and interpretation
• Write, maintain and improve procedures as necessary to facilitate the highest efficiency possible in all areas of the Company
• Other duties may be assigned

SUPERVISORY RESPONSIBILITY

• None

KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Ability to maintain sensitive and confidential information as required by government standards
• Ability to interact effectively with peers and supervisors
• Ability to interact appropriately with the public when necessary
• Ability to adhere to workplace rules
• Ability to maintain detailed and accurate records
• Ability to be self-motivated and work independently in a fast paced, dynamic work environment
• Effective time management and prioritization skills
• Excellent written and verbal communication skills
• Ability to understand and communicate financial concepts and business terminology
• Strong and pronounced problem solving and analytical skills
• Working knowledge of financial systems
• Working knowledge of accounting principles and Cost Accounting Standards (CAS)

EDUCATION AND EXPERIENCE:

• Bachelor’s degree in accounting or related field and a minimum of 3 years of applicable experience,
• Advanced experience in the use of a wide variety of computer applications including MS Word, Excel, PowerPoint, database management systems, and related enterprise systems
• Experience working with government contractors and Federal Acquisition Regulation (FAR) is strongly preferred
• Previous experience using MRP programs, especially Deltek CostPoint

WORK ENVIROMENT / PHYSICAL REQUIREMENTS:

• Office environment
• Ability to stand and sit for long periods of time
• Ability to perform repetitive motion (keyboarding, 10-key, phones)

TRAVEL

• None

THE ABOVE STATEMENTS ARE INTENDED TO DESCRIBE THE GENERAL NATURE AND LEVEL OF WORK BEING PERFORMED BY INDIVIDUALS ASSIGNED TO THIS CLASSIFICATION. THEY ARE NOT INTENDED TO BE CONSTRUED AS AN EXHAUSTIVE LIST OF ALL RESPONSIBILITIES, DUTIES AND SKILLS REQUIRED OF PERSONNEL SO CLASSIFIED. ALL DUTIES AND RESPONSIBILITIES ARE ESSENTIAL JOB FUNCTIONS AND REQUIREMENTS AND ARE SUBJECT TO POSSIBLE MODIFICATION TO REASONABLY ACCOMMODATE INDIVIDUALS WITH DISABILITIES TO PERFORM THIS JOB PROFICIENTLY. THE REQUIREMENTS LISTED IN THIS DOCUMENT ARE THE MINIMUM LEVELS OF KNOWLEDGE, SKILLS OR ABILITIES.

EEO/M/F/D/V

Job Benefits

• Medical, Dental & Vision Insurance Coverage
• Life/ADD & Short/Long Term Disability Insurance
• 401(k) Savings Plan
• Employee Stock Purchase Plan (ESPP)
• Paid Time-Off (PTO)
• Holidays
• Education Reimbursement

Kratos Defense is an Equal Opportunity Aff… Employer. EOE, Minorities, Females, Vet, Disabled, Sexual Orientation, Gender Identity or any other protected class. Kratos Defense is committed to America's veterans by providing opportunities for them to continue contributing after service to our nation. We also work to provide reasonable accommodations to individuals with disabilities.

EEO Is The Law

Disability Accessibility Accommodation

If you require an accommodation to navigate or apply to our careers site, please send your request to [e-mail] or call 858-964-2916. Any inquires not related to requesting an accommodation will be discarded.

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The company will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

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