Critical Fit Recruiting · 1 day ago
Sr. Accountant-FARS/DFARS
Twin Cities Area
Full-time
Onsite
Senior Level
7+ years expCritical Fit Recruiting is seeking a Sr. Accountant with expertise in FARS and DFARS. The role involves advanced accounting research, compliance with federal regulations, and management of financial reporting for government contracts.
Staffing & Recruiting
Hiring Manager
Brian Pahl
Responsibilities
Research and apply advanced accounting standards including US GAAP, FAR (Federal Acquisition Regulations), and CAS (Cost Accounting Standards)
Prepare technical accounting memos for transactions such as indirect cost allocations, contract modifications, and revenue recognition under cost-reimbursable and fixed-price contracts
Monitor and implement changes in federal regulations and accounting standards
Support accounting for government-specific transactions including incurred cost submissions, allowable/unallowable cost determinations, and contract closeouts
Ensure consistent application of accounting policies and identify/report deviations
Develop and maintain internal controls over financial reporting and compliance with federal cost principles
Responsible for the overall management of the General Ledger and Balance Sheet to ensure accuracy of financial data
Oversee preparation of financial statements and reports required under federal contracts, including DCAA-compliant schedules
Ensure compliance with federal reporting requirements such as incurred cost submissions, and other audit-related documentation
Preparing financial reports and reviewing account balance reconciliations and journals
Monitor and manage organizational spending, while ensuring that accounting staff are appropriately coding expenses and revenues and are in compliance with both internal financial policies and external financial regulations
Maintain and manage accurate files to ensure the accuracy and compliance of financial records
Responsible for the management of the month end close, including but not limited to, ensuring that cash balances are accurate and accounted for, receivables have been followed up on, and payables have been recorded and disbursed in the appropriate period
Responsible for the reconciliation of accounts to ensure accuracy of financial data
Prepare financial statements and supporting reports in a timely manner that are in accordance with generally accepted accounting principles
Prepare monthly schedules and/or reports for management covering different programmatic areas such as grants, membership dues, conferences and events, and other areas as needed
Assist in the preparation and management of the organizational budget. Adhere to and provide guidance to junior staff and managers as it relates to the budget
Collaborate with auditors during the annual audit, managing the audit and ensuring timely responses to requests, and accurate financial data is supplied
Other responsibilities may include but are not limited to collaborating with stakeholders, organizing accounts for accurate classifications, conducting financial analysis, recommending improvements, and other items as needed
Manage indirect rate structures and monitor cost pools for compliance with CAS
Supervise accounting functions such as billing, revenue recognition, and cost allocations under government contracts
Prepare audit-ready documentation for DCAA, DCMA, and other oversight bodies
Qualification
Required
Bachelor's degree in accounting
CPA required
7+ years of experience in technical accounting, including government contracting
Experience with government ERP systems and reporting tools
Excellent attention to detail, organizational, and analytical skills
Intermediate to advanced computer skills using Microsoft Suite of products such as Outlook, Word, and Excel
Relevant experience with Microsoft Dynamics 365 or similar ERP system
Leadership and problem-solving abilities
Must have excellent communication skills when providing instructions, creating detailed reports, and offering insight to other managers
Ability to work independently and collaboratively in a dynamic, start-up environment
Advance knowledge of accounting practices, full cycle accounting, laws and regulations in accordance with Generally Accepted Accounting Principles (GAAP)
Attention to detail to ensure quality work, and deadlines are adhered to
Ability to manage time effectively to ensure that projects are equally balanced
Ability to analyze financial data to draw insights, provide feedback and guidance based on analysis
Ability to apply problem solving to resolve or avoid problems as well as utilizing this skillset to find solutions to complex financial issues
Ability to use discretion when managing sensitive and confidential information
Identify and implement process improvements along with the Director of Accounting
Preferred
Public accounting experience preferred
Company
Critical Fit Recruiting
Building High-Performance Teams At Critical Fit Recruiting, we understand that every company has a unique culture—whether you're a fast-moving startup or a well-established industry leader.
2-10 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase