Government Accounting Financial Analyst (Level II and Senior)
Woodward, Inc. Loves Park, Illinois, United States · $72K–$136K/yr
Manufacturing · 10,001+ employees
About the role
The role involves preparing complex financial reports, managing cost accounting systems, and ensuring compliance with government regulations such as FAR and CAS. The analyst will also lead audits, prepare forward pricing rate proposals, and mentor junior accounting staff.
What they look for
Requirements
Candidates should possess a Bachelor's degree in Accounting or Finance and have expertise in government accounting principles and regulations. Strong analytical skills, proficiency in financial software, and the ability to communicate complex financial data to stakeholders are required.
Benefits
Full description
Woodward is committed to creating a great workplace for all team members. Our company and its members are committed to acting with integrity, being respectful and accountable to one another, and staying humble and driven, while maintaining the highest professional and ethical standards.
We are steadfastly committed to attracting the best talent across our communities creating a rewarding workplace. Together we are fulfilling our purpose to design and deliver energy control solutions our partners count on to power a clean future.
Woodward supports our members’ wellbeing and regularly benchmarks with other companies in our industry to offer an extensive Total Reward package for this position. Salary will be determined by the applicant's education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.
Estimated annual base pay:
Level II: $72,000 (minimum) – $93,000 (midpoint) – $115,000 (maximum)
Senior: $85,000 (minimum) – $110,000 (midpoint) – $136,000 (maximum)
All Levels are eligible for the benefits below:
- All members included in annual cash bonus opportunity.
- 401(k) match (4.5%)
- Annual Woodward stock contribution (5%)
- Tuition reimbursement and Training/Professional Development opportunities for all members
- 12 paid holidays
- Industry leading medical, dental, and vision Insurance upon date of hire
- Vacation / Sick Time / Vacation Buy-up / Short Term Disability / Bereavement leave
- Paid parental leave
- Adoption Assistance
- Employee Assistance Program, including mental health benefits
- Member Life & AD&D / Long Term Disability / Member Optional Life
- Member referral bonus
- Spouse / Child Optional Life / Optional AD&D / Healthcare and Dependent Care Flexible Spending
- Voluntary benefits, including:
- Home / Auto Insurance discounts
- Whole Life Insurance / Critical Illness Insurance / Legal Assistance / Military Leave
Government Accountant Level II:
Key Responsibilities:
- Financial Reporting: Preparing and maintaining complex financial reports for government contracts and grants, ensuring compliance with government accounting standards.
- Cost Accounting: Managing cost accounting processes and systems for government contracts and grants, including tracking expenses and ensuring compliance with government regulations.
- Reporting: Prepare Forward Pricing Rates Proposals and the annual Incurred Cost Submission with minimal assistance to ensure compliance with all applicable regulations (FAR, CAS, etc.). Perform monitoring of direct rates, indirect rates, and factors for changes that would require supplemental disclosure and negotiation of new rates with the government.
- Compliance: Ensuring compliance with government regulations and requirements related to financial reporting, billing, and cost accounting.
- Audit Support: Lead CAS and proposal audits and other compliance activities related to government contracts and grants, including providing documentation and responding to auditor inquiries.
Key Skills:
- Government Accounting: Expertise in government accounting principles, practices, and regulations, including knowledge of the Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS).
- Financial Reporting: Ability to prepare and maintain complex financial reports for government contracts and grants, ensuring compliance with government accounting standards.
- Cost Accounting: Knowledge of cost accounting processes and systems for government contracts and grants, including tracking expenses and ensuring compliance with government regulations.
- Budgeting and Forecasting: Ability to prepare and analyze budgets and forecasts for government contracts and grants, including revenue, expenses, and capital expenditures.
- Compliance: Knowledge of government regulations and requirements related to financial reporting, billing, and cost accounting, and the ability to ensure compliance.
- Audit Support: Ability to assist with audits and other compliance activities related to government contracts and grants, including providing documentation and responding to auditor inquiries.
- Technical Skills: Proficiency in financial software, Excel, and other analytical tools.
- Communication: Excellent written and verbal communication skills, including the ability to communicate financial information to non-financial stakeholders.
- Attention to Detail: Strong attention to detail and accuracy, including the ability to identify errors and discrepancies in financial data.
- 1. Leadership: Ability to manage and mentor junior accounting staff, as well as work collaboratively with other members of the accounting team and cross-functional departments within the organization.
Other Qualifications:
- Bachelor’s Degree in Accounting (strongly preferred) or Finance
Senior Government Accountant:
Key Responsibilities:
- Financial Reporting: Preparing and maintaining complex financial reports for government contracts and grants, ensuring compliance with government accounting standards.
- Cost Accounting: Managing cost accounting processes and systems for government contracts and grants, including tracking expenses and ensuring compliance with government regulations.
- Reporting: Independently prepare Forward Pricing Rates Proposals and the annual Incurred Cost Submission to ensure compliance with all applicable regulations (FAR, CAS, etc.). Perform monitoring of direct rates, indirect rates, and factors for changes that would require supplemental disclosure and negotiation of new rates with the government.
- Compliance: Ensuring compliance with government regulations and requirements related to financial reporting, billing, and cost accounting.
- Audit Support: Leading and coordinating complex audits and other compliance activities related to government contracts and grants, including providing documentation and responding to auditor inquiries.
Key Skills:
- Government Accounting: Expertise in government accounting principles, practices, and regulations, including knowledge of the Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS).
- Financial Reporting: Ability to prepare and maintain complex financial reports for government contracts and grants, ensuring compliance with government accounting standards.
- Cost Accounting: Knowledge of cost accounting processes and systems for government contracts and grants, including tracking expenses and ensuring compliance with government regulations.
- Budgeting and Forecasting: Ability to prepare and analyze budgets and forecasts for government contracts and grants, including revenue, expenses, and capital expenditures.
- Compliance: Knowledge of government regulations and requirements related to financial reporting, billing, and cost accounting, and the ability to ensure compliance.
- Audit Support: Ability to lead and coordinate audits and other compliance activities related to government contracts and grants, including providing documentation and responding to auditor inquiries.
- Technical Skills: Proficiency in financial software, Excel, and other analytical tools.
- Communication: Excellent written and verbal communication skills, including the ability to communicate financial information to non-financial stakeholders.
- Attention to Detail: Strong attention to detail and accuracy, including the ability to identify errors and discrepancies in financial data.
- Leadership: Ability to manage and mentor junior accounting staff, as well as work collaboratively with other members of the accounting team and cross-functional departments within the organization.
Other Qualifications:
- Bachelor’s Degree in Accounting (strongly preferred) or Finance
This position requires use of information which is subject to the International Traffic in Arms Regulations (ITAR) and/or the Export Administration Regulations (EAR). All applicants must be U.S. Persons within the meaning of the ITAR and EAR, or eligible to obtain all required authorizations from the U.S. Department of State and/or the U.S. Department of Commerce. The ITAR defines a U.S. Person as a U.S. citizen or national, lawful permanent resident (i.e., 'Green Card holder'), or a protected person (e.g., asylee, or refugee).
Woodward is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, sex (including sexual orientation and gender identity), national origin, age, disability, protected veteran status, or any other category protected under federal, state, or local laws.
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