Jr. Project Accountant

GAMA-1 Technologies • Greenbelt, MD

1d • Remote

About The Position

GAMA-1 Technologies seeks a remote Jr. Project Accountant who will work under the leadership and direction of the VP of Finance and the Sr. Project Accountant, and participate in the planning, budgeting, accounting, and financial reporting for multiple projects. The Jr. Project Accountant will also be responsible for monitoring all costs (incurred and projected) associated with a contract to ensure compliance with the contract and GAMA-1 policies. The Jr. Project Accountant will ensure timely, accurate, and relevant financial information is made available to the Program Manager and GAMA-1, coordinating with other projects and functions as necessary.

Requirements

• Bachelor’s Degree in Accounting or Finance
• 2 - 4 years’ related experience preferred
• Previous experience in billing, finance, or other related fields
• Knowledge of GAAP
• Experience with Costpoint
• Ability to prioritize and multitask

Responsibilities

• Assist with project setup in Deltek Costpoint, including establishing and maintaining contract/funded values, periods of performance, billing and revenue formulas, workforce data, and ensuring accurate project configuration during kickoff meetings.
• Set up and maintain project records in accordance with contract requirements, support the establishment of cost/schedule baselines, and ensure billing and revenue formulas are correctly implemented.
• Develop, maintain, and analyze ETCs and EACs for assigned projects, regularly update them with Program Management, and support preparation for monthly and quarterly project reviews.
• Assist the Senior Project Accountant with preparing contract budgets and quarterly forecast updates, as well as supporting Program Management in developing annual direct budgets.
• Manage multiple projects’ financial activities including budgeting, forecasting, revenue recognition, cost accruals, variance analysis, and overall project financial monitoring.
• Review project costs and revenue each month, generate accruals, support month-end close activities, and ensure correct coding of labor, materials, travel, and ODCs in alignment with revenue recognition rules.
• Prepare and submit accurate monthly project invoices, including supporting documentation, reviewing expense reports, tracking unbilled receivables, and resolving billing issues as needed.
• Monitor and analyze actual financial performance against budgets, identify variances, and recommend improvements or corrective actions.
• Prepare purchase requisitions, review and approve subcontractor invoices for compliance with contract and subcontract terms, and monitor subcontract funding levels.
• Track contract funding, prepare limitation of funds notices, identify at-risk funding situations, and support Contracts in meeting funding milestone requirements.
• Implement project-related financial policies and procedures and provide support for pricing tasks on new and existing contracts when needed.

Benefits

• GAMA-1 also offers a variety of benefits, including health insurance coverage, life and disability insurance, 401(k) savings plan, training and career development opportunities, paid holidays and paid time off (PTO - to cover vacation, illness or disability, appointments, emergencies or other situations that require time off from work).

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level