Jr Project Accountant

Overview

Project Accountant – Government Contractor.

Location:

Dripping Springs, TX 78620. Salary Range: $60,000.00 - $65,000.00.

The Project Accountant manages the financial lifecycle of government contracts, ensuring accurate tracking of labor, direct and indirect costs, revenue recognition, cost accruals, and compliance with FAR/DFARS requirements. This role supports month-end close, prepares budgets and forecasts, and reviews P&L statements against projections. The Project Accountant serves as a key financial liaison to Program Management, Operations, and Finance, providing audit-ready reporting, variance analysis, and guidance for effective project financial management.

The position requires strong analytical skills, attention to detail, and the ability to manage multiple projects in a deadline-driven environment.

• Oversee revenue recognition and ensure compliance with accounting standards and contract requirements.
• Track and reconcile project costs, including labor, direct/indirect expenses, and cost accruals.
• Support month-end close and preparation of accurate financial reports.
• Develop, review, and analyze budgets, forecasts, and P&L statements, comparing actuals to projections.
• Manage project accounting for government contracts, ensuring compliance with FAR, DFARS, and internal policies.
• Maintain audit-ready project documentation and support internal/external audits (e.g., DCAA).
• Collaborate with Program Management, HR, and Operations to validate labor charges, indirect rates, and cost allocations.
• Generate and reconcile ERP reports (e.g., Deltek Costpoint, Net Suite, JAMIS) for project financials.
• Provide guidance on project accounting processes, financial compliance, and reporting best practices.
• Identify process improvements and contribute to SOP development.

• Associates’ degree in Accounting, Finance, related field or equivalent experience.
• 3+ years of accounting experience, including at least 2 years in government contract accounting.
• Experience with revenue recognition, cost accruals, month-end close, budgets, forecasts, and P&L review.
• Knowledge of FAR, DFARS, and cost accounting standards.
• Proficiency with ERP systems (e.g., Deltek Costpoint, Net Suite, JAMIS).
• Strong analytical, problem-solving, and reconciliation skills.
• Ability to manage multiple projects under strict deadlines.

• Experience supporting DCAA or federal audits.
• Familiarity with Earned Value Management (EVM).
• Advanced Excel skills (pivot tables, VLOOKUP/XLOOKUP, complex reporting).
• Experience in multi-site or multi-contract environments.

Reports to the Vice President of Accounting & Finance.

(3–5 years government project accounting experience) Responsibilities:

• Independently manage project accounting for multiple government contracts.
• Oversee revenue recognition, cost accruals, and month-end close for assigned projects.
• Prepare, reconcile, and analyze project financial reports, budgets, forecasts, and P&L comparisons.
• Support contract modifications and ensure accurate labor and cost allocations.
• Maintain audit-ready documentation and assist with internal/external audits.
• Collaborate with Program Management, HR, and Operations for accurate reporting.

• Strong knowledge of government contract accounting, revenue recognition, and FAR/DFARS compliance.
• Advanced ERP and Excel reporting skills.
• Analytical and problem-solving capabilities.
• Ability to serve as a financial point of contact for project teams.