Compotech is revolutionizing the defense industry by developing world class hardware and software solutions to advance our militarys capabilities. In 2023, Compotech secured over $100M in DOD contract across multiple programs including ballistic armors, next generation shelters and software technologies. Compotech was ranked by Inc 5000 the fastest-growing manufacturing company in the State of Maine and 13th nationwide. If you share our values and want to join a rapidly growing and innovative company, please apply.
Summary:
Compotech is currently seeking an Accounting Director to lead the accounting department and oversee the company's financial operations. The role involves managing various accounting functions and requires close collaboration with internal and external stakeholders to ensure financial compliance and excellence across the company. The accounting director will report to the CFO and will work with the entire executive team to successfully execute its annual operating plan and to track financial performance. The successful candidate will contribute to the implementation of new systems and procedures to support the companys growth plans and to help achieve its short-term and long-term goals.
Role and Responsibilities
Manage the accounting department at Compotech
Prepare invoices on all projects (T&M, CPFF, FFP contracts)
Maintain contract summary and report to all PMs on project budgets
Implement and manage an ERP system at Compotech.
Monitor accounts receivable aging and follow up on overdue payments
Ensure weekly posting of all Credit Cards, Bank Accounts, AP/AR transactions
Ensure proper documentation and support for all journal entries
Prepare detailed reconciliation reports for review and analysis
Perform general accounts analysis and reconciliations, including bank statements, fixed assets, employers benefit costs, accruals, and prepaid expenses
Prepare day-to-day and month-end close entries including revenue, payroll, prepaid expenses, unbilled accounts receivable, and accrued liabilities
Prepares complex reconciliations for necessary balance sheet accounts and various other general ledger accounts, as needed
Develop and implement accounting procedures and recommend changes as necessary
Draft monthly financial statements and explain significant variances from budget and prior periods.
Compile and analyze financial information to prepare/support entries to general ledger
Ensure that all cash, credit card and payroll transactions are posted correctly into the accounting system and coded to the appropriate ledger accounts.
Reconcile general ledger accounts to ensure balances are closely monitored and controlled.
Implement and enforce compliant DCAA accounting policies
Qualifications
Must be proficient in the use of automated accounting system software and spreadsheet applications, and Unanet, and QuickBooks, specifically with Projects and customer invoicing with different types of governments contracts (e.g., CPFF, T&M, FFP)
5+ years of accounting experience working with various ERP systems and government contracts
Bachelor's degree in Accounting, Finance or related field combined with relevant accounting experience
Strong understanding of Accounting Principles (GAAP) and government contracting regulations (FAR)
Advanced proficiency in Microsoft Office (Excel required)
Excellent verbal and written communication skills
Demonstrated ability to manage work on multiple engagements with competing schedules and deadlines
Advanced understanding of general and subsidiary ledgers and financial statements
Candidates must demonstrate eligibility to work in the United States
Must be a US Citizen
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