Senior Accountant: Government Contracts & Project Cost Accounting (US)

at Elevance Health in Chicago, Illinois, United States

Job Description

WARNING: Please beware of phishing scams that solicit interviews or promote work-at-home opportunities, some of which may pose as legitimate companies. Elevance Health requires a completed online application for consideration of employment for any position. We will never ask you for a credit card, send you a check, or ask you for payment as part of consideration for employment.

Senior Accountant: Government Contracts & Project Cost Accounting (US)

+ Job Family: AFA > Accounting

+ Type: Full time

+ Date Posted:Mar 26, 2024

+ Anticipated End Date:Apr 26, 2024

+ Reference: JR109072



+ Iowa, West Des Moines





+ Connecticut, Wallingford

+ Illinois, Chicago

+ Georgia, Atlanta


+ Missouri, St Louis

+ Florida, Miami

+ Indiana, Indianapolis

+ Florida, Tampa



Location: This is a hybrid role requiring working in the office 1-2 days per week. Candidates must reside within 50 miles or an hour commute to one of our Elevance Health offices.

The Senior Accountant: Government Contracts & Project Cost Accounting is responsible for supporting the closing, reconciling, analysis and reporting of the general ledger.

Primary duties may include, but are not limited to:

+ Prepares internal and external monthly, quarterly, and annual financial reporting and analysis.

+ Verifies the integrity of monthly results by completing various analyses and interpreting the data.

+ Setting up new projects, regular communications with PMs on budget allocation; monitoring the accuracy of revenue recorded on projects.

+ Reconciliation and analysis of balance sheets accounts such as unbilled receivables, deferred revenue. Use professional judgment to research and evaluate all balance sheet accounts issues.

+ Fixed Price, Time & Material, and Cost-Plus contracts billing (FP, T&M, CP Contracts)

+ End of month revenue and billing processing for fixed price, time & material, and cost-plus contracts

+ Project revenue planning and monthly revenue analysis between forecasted and actual results

+ Responsible for month-end closing entries including journal entry accruals, allocations, intercompany entries, prepaid, fixed assets.

+ Review financial reports and PSR with PMs

+ Provide year-end audit and incurred cost submission support which may include research and reconciliation.

+ Perform additional assignments as needed.

Minimum Requirements:

+ Requires BA/BS in Accounting or Finance and a minimum of 6 years experience in general accounting, finance, or budgeting and planning; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills:

+ CPA or CPA candidate who has passed at least 2 modules.

+ Strong understanding of FARs, cost accounting, and job costing

+ Five years+ of Government contracts experience

+ Five years+ of Single Audit and Incurred Cost submission

+ Five years+ of SEFA preparation

+ Three years+ of utilizing Deltek Costpoint accounting software with a government contractor.

+ Advanced Excel skills: Pivot Tables and V-Look Up

+ Detailed oriented with strong analytical skills who can learn quickly.

+ Work independently with limited supervision.

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success – for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process. Candidates must reside within 50 miles or 1-hour commute each way of a relevant Elevance Health location.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact for assistance.

EEO is the Law

Equal Opportunity Employer / Disability / Veteran

Please use the links below to review statements of protection from discrimination under Federal law for job applicants and employees.

+ EEO Policy Statement

+ Know Your Rights

+ Pay Transparency

+ Privacy Notice for California Residents

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Job Posting: JC257403589

Posted On: Mar 27, 2024

Updated On: Apr 27, 2024

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