Billing Associate
The Palladium Group
- Washington DC
- $55,000-65,000 per year
- Permanent
- Full-time
- Attendance at all weekly team meetings as required.
- Regular updates with your line manager.
- Monthly submission of assigned invoices and completion of other assigned tasks.
- A monthly update on the status of your KRAs, as well as any other important areas of concern.
- Exception reports as and when required.
- Prepares system-generated and manual invoices and supporting schedules on contracts for government and commercially priced clients under supervision.
- Performs reconciliations of government cost plus vouchers within the accounting system as necessary.
- Performs month-end close duties under supervision relating to project-based accounting.
- Helps to maintain accurate and complete accounts receivable records ensuring company invoices are billed timely.
- Assists with project setup under supervision in accounting system for project funding, billing, and revenue information.
- Analyses actual government indirect rates on a regular basis compared to approve rates for billing adjustments.
- Understands the differences between contract types e.g. Cost Plus Fixed Fee, Time and Materials, and Fixed Price.
- Runs reports and helps compile financial packages for internal reviews.
- Confirms invoice by comparing invoices to contract requirements.
- Verifies billing and indirect cost rates to ensure invoices are calculating correctly.
- Experience with Deltek's Costpoint preferred, but not necessary as training will be provided.
- Knowledge of and experience with government contract billing and accounting.
- Experience in government contract accounting, including basic knowledge of CAS and FAR provisions.
- Experience with Government audits preferred.
- High level of attention to detail and accuracy.
- Good time management skills.
- Relevant work experience.
- Prior experience in a professional services environment with preference to government contracting.