IAP Worldwide Services Project Accountant II in Panama City, Florida


Project Accountant II

Tracking Code


Job Description

IAP – Ingenuity and Purpose


As a leading international services company for more than 65 years, IAP provides a broad spectrum of services and solutions to U.S. and international government agencies, and organizations. A world-class leader in providing seasoned program management, IAP leverages and integrates its capabilities – IT & Communications, Aviation & Engineering Solutions, Power Solutions, Infrastructure & Logistics - to provide safe, innovative, and reliable solutions to meet customers' diverse and complex challenges. With 2,500 team members, IAP operates in more than 110 locations in 27 countries worldwide and maintains offices in the Washington D.C. area, Florida, Maryland, Oklahoma, the United Kingdom, and the Middle East. Learn more atwww.iapws.com.

Summary: Manages the financial performance of the company’s contracts assigned that requires both accounting theory and practice. Contracts assigned are generally those of basic to intermediate complexity.

Essential Job Functions:

(not limited to duties as described – performs related duties as requested)

  • Reviews contract award and modification documents and compares to project proposals for accuracy

  • Sets up projects in system based on contract documents

  • Reviews and processes vendor/subcontractor invoices

  • Provides month-end project analysis on financial status of projects including variances to forecasted revenue and profitability and variances to proposed revenue and profitability.

  • Provides Estimate at Completion analysis on projects

  • Prepares monthly forecast for projects

  • Assists in annual financial audit by providing information on assigned projects.

  • Prepares Cash forecasting reports, including weekly receipts, for management

  • Prepares journal entries for month-end close, ensuring transactions are reasonable and in compliance with Business Processes

  • Reviews coding of invoices, and check/wire requests for indirect departments, ensuring proper support provided

  • Accounting/analysis of intercompany account including distribution of intercompany invoices to Corporate accountants and month-end uncleared intercompany balance

  • Prepares detailed variance analysis for indirect departments, comparing actual results to plan and forecast, with explanations for variances

  • Reviews Billed and Unbilled Accounts Receivable reports, with explanations for variances

  • Maintains and reconciles balance sheet accounts

  • Prepares 3-year plan, forecasts and capital budgets for indirect departments

  • Maintains external reconciliation databases as needed

  • Prepares consolidated annual tax and accounting packages according to established schedule(s)

  • Prepares footnotes for year-end financials as assigned

  • Assists in year-end and interim financial audit work and DCAA audits.

  • Updates Business Processes, Work Instructions and forms, on an annual basis

  • Provides other accounting/financial information that may be requested and assist management in interpretation of the data and its implications

  • Participates in continuous process improvement efforts relating to finance

Education & Experience: (or equivalent)

  • 2 years professional-level project accounting in the defense contracting industry

  • BS/BA degree in Accounting or Finance

    Level of Supervision: Does not supervise

    Knowledge & Skills:

  • Thorough knowledge of GAAP, FAR and CAS

  • Working knowledge of accounting systems interfaces, applications and software

  • Working knowledge of programming applicable to current system

• Proficient in Microsoft Excel and Word

Job Location

Panama City, Florida, United States

Position Type