Lead Project Accountant

Job Title: Lead Project Accountant

Worker Classification: Full-Time, Regular

Work Schedule: Hybrid – 1 days onsite per week required

LCG is seeking a Lead Project Accountant to own project financial management for a federal IT government contractor. This is a full time, hybrid position requiring onsite presence one (1) day per week at our Rockville, MD office.
This is a senior individual contributor role for someone who works with a high degree of independence and minimal direction. The Lead Project Accountant owns project controls, client billing, and revenue management across LCG’s government contracts, and serves as the subject matter expert on complex project accounting matters for project managers and LCG Leadership. This position reports to the Director, Finance.
The Lead Project Accountant owns project budgets, forecasts, and estimates at completion, leads the financial review of contract modifications, and owns invoicing across firm fixed price (FFP) and time and materials (T&M) contracts. The role also leads project accounting work for month end and year end close and serves as a primary point of contact for project financial data during audits and incurred cost submissions.
The ideal candidate is an experienced project accountant with federal government contracting experience who can manage complex contracts on their own, make sound decisions, and work effectively with project managers and leaders across the company.

• Own the development and maintenance of project cost estimates, forecasts, estimates at completion (EAC), and budgets, including for complex contracts with multiple funding sources.
• Monitor project performance, track costs, and report variances to project managers and LCG Leadership, recommending corrective action when needed.
• Perform complex cost and schedule analysis to identify risks and recommend mitigation strategies.
• Lead the financial review of contract modifications, including financial impact analyses and changes to budgets, funding, and costs.
• Manage Deltek Costpoint project setup, contract modifications, and workforce assignments, and set standards for project setup and data integrity.
• Own the preparation and accuracy of client invoices across all contract types, including FFP and T&M.
• Submit invoices through the Invoice Processing Platform (IPP) and other customer portals.
• Reconcile billed and unbilled amounts to ensure proper revenue recognition under Generally Accepted Accounting Principles (GAAP) and the Federal Acquisition Regulation (FAR).
• Monitor receivables, follow up on overdue invoices, and resolve complex billing discrepancies and escalated payment issues with customers.
• Enter and reconcile cash receipts and prepare monthly revenue forecasts against targets.
• Prepare and present monthly and annual financial reports to project managers and LCG Leadership.
• Lead project accounting activities for month end and year end close, including revenue accruals, expense adjustments, and account reconciliations.
• Review and process subcontractor timesheets and labor costs, record accounts payable entries for project other direct costs (ODC), and post monthly project journal entries.
• Serve as a primary point of contact for project financial data during internal, external, and government audits.
• Lead the preparation and validation of project cost data for incurred cost submissions.
• Provide expert financial guidance to project managers and LCG Leadership on cost management, forecasting, and project profitability.
• Collaborate with Contracts, Operations, and other teams to align financial objectives with project requirements.
• Identify and recommend improvements to project accounting and billing processes, internal controls, and Costpoint configuration.

• Associate degree in Accounting, Finance, Business Administration, or a related field.
• At least seven years of experience in project control, financial management, or related roles in a government contracting environment.
• Proven experience leading client billing and revenue management for government contracts.
• Demonstrated experience supporting government audits and incurred cost submissions.
• Expert knowledge of government contracting regulations, including the FAR and Cost Accounting Standards (CAS).
• Advanced proficiency in Deltek Costpoint.
• Advanced Excel skills, including pivot tables and financial modeling.
• Proven ability to work independently and exercise sound judgment with minimal supervision.
• Ability to manage multiple…