Government Contracting Accountant

Project Accountant

San Antonio, TX | Government Contracting & Federal Programs

Hybrid Schedule | $18 an hour

A leading organization supporting federal agencies and government programs is seeking a Project Accountant to oversee the financial management of government contracts throughout the project lifecycle. This role is responsible for project setup, contract administration, billing, revenue recognition, funding management, and compliance with government contracting regulations.

The ideal candidate will have experience working in a project-based environment, strong analytical skills, and an understanding of federal contract requirements. This position offers the opportunity to partner with Program Management, Contracts, Finance, and Operations teams while supporting high-profile government projects.

Key Responsibilities

Project Setup & Contract Administration

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• Review awarded contracts, task orders, modifications, and funding documents to establish projects within the ERP system.
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• Configure project structures, billing terms, labor categories, revenue recognition methods, and funding parameters based on contract requirements.
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• Process contract modifications, funding updates, contract extensions, and project closeout activities.
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• Maintain accurate project records and ensure contract information is properly documented and administered.
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Project Financial Management

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• Monitor project budgets, expenditures, funding availability, and overall financial performance.
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• Track project costs and ensure compliance with contract terms and company policies.
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• Analyze project performance and identify potential funding limitations, cost overruns, or financial risks.
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• Partner with Program Managers to support forecasting, resource planning, and project financial decision-making.
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• Assist with monthly project reviews and the financial close process.
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Billing & Revenue Recognition

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• Prepare and process customer invoices in accordance with contract requirements.
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• Support revenue recognition activities and ensure projects are appropriately accounted for throughout their lifecycle.
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• Review project financial activity to ensure billing accuracy and revenue compliance.
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• Reconcile project balances and assist with resolving invoicing and payment issues.
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Compliance & Reporting

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• Prepare project financial reports, budget-to-actual analyses, funding reports, and contract status updates.
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• Ensure project costs comply with applicable federal contracting regulations and internal policies.
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• Support audits, incurred cost submissions, and requests from internal and external stakeholders.
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• Maintain compliance with FAR, CAS, DCAA, and company internal control requirements.
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• Assist in implementing process improvements to strengthen project accounting and reporting practices.
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