Director of Accounting Operations - Comtech

Job Title:                                        Director of Accounting Operations 

Department:                                 Finance

Reports To:                                    Global Controller

FLSA Status:                                   Exempt

Last Modified:                               6/27/2024

Position Summary

The Director of Accounting Operations will be responsible for overseeing the accounting operations of our Orlando business unit. This role includes managing the accounting department, ensuring compliance with financial regulations, and providing transparent financial reporting to support the company’s objectives. The ideal candidate will have a strong background in manufacturing accounting as a U.S. Government contractor, excellent leadership skills, and a keen eye for detail.

Responsibilities:

1. Financial Operations:
   • Manage actual indirect rates within the MRP/ERP system (e.g. fringe, manufacturing overhead, material handling and G&A) and prepare variance analysis against provisional rates
   • Oversee appropriate project setups in Deltek Costpoint for customer contracts and internal projects
   • Coordinate Accounts Receivable process to ensure timely and accurate billings to customers
   • Coordinate Accounts Payable process with Corporate shared service team, ensuring timely and accurate payments to bona fide vendors
   • Coordinate Human Resources and Payroll process to ensure timely and accurate reporting of labor costs and related withholdings
2. Financial Close and Internal and External Reporting:
   • Manage monthly financial close process and timeline, including final review and posting of journal entries, analysis of P&L variance reports and publication of monthly results and statistical data via Comtech’s consolidation tool, OneStream
   • Manage balance sheet ensuring all key accounts are reconciled, analyze and accurately maintained
   • Document and apply revenue recognition methodologies for customer contracts in compliance with ASC 606, Revenue Recognition
   • Consult with operational and program finance managers, ensuring compliance with policies and procedures and timely review of project level information to ensure timely and accurate reporting of revenue and cost recognition
3. Internal Control, Compliance and Audit:
   • Develop and maintain an effective overall internal control environment (including documentation), supporting Comtech’s entity-wide compliance with Sarbanes-Oxley (SOX) requirements
   • Ensure compliance with all financial regulations, including Federal Acquisition Regulations (FAR), tax laws and reporting requirements
   • Coordinate with Comtech’s Compliance Officer and internal, external and DCAA auditors to support audits and analyze and remediate identified control deficiencies, where applicable
   • Manage relationship with internal and external auditors, including preparation of quarterly analysis, review of audit schedules and responding to auditor inquiries
4. Team Leadership:
   • Manage and mentor the accounting team, fostering a collaborative and high-performance culture
   • Conduct performance evaluations, provide professional development opportunities, and support career growth
   • Collaborate with other departments to support overall company objectives

Qualifications:

• Experience in the manufacturing industry, preferably in aerospace or space systems manufacturing (a plus if with a global, U.S. owned public company)
• Strong knowledge of GAAP, financial reporting, and Federal Acquisition Regulations (FAR)
• Proficient in financial software and ERP systems (Deltek Costpoint is preferred)
• Strong advanced Microsoft Office and analytical skills, including financial modeling and analysis (e.g., Excel based workbooks, pivot tables, vlookups, etc.)
• Excellent analytical, problem-solving, and decision-making skills
• Ability to effectively communicate and collaborate with all members and levels of management
• Ability to work effectively in a fast-paced, dynamic environment

Education and Experience

• Bachelor’s degree in Accounting; CPA preferred
• Minimum of 10-15 years of progressive accounting and finance experience, with at least 3 years in leadership role

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