Assistant Controller Jobs in Natick, MA (NOW HIRING)

Government Contract Accounting

• Oversee cost accounting practices in compliance with the Federal Acquisition Regulation (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), and Cost Accounting Standards (CAS).

• Manage the preparation and submission of government-required financial reports, including DCAA audits, incurred cost submissions (ICS), and forward pricing rate proposals (FPRPs).

• Monitor and maintain compliance with contract-specific accounting requirements, including time-and-materials (T&M), cost-plus-fixed-fee (CPFF), firm-fixed-price (FFP), and other contract types.

• Support the Earned Value Management (EVM) reporting process for applicable government programs.

General Accounting & Close Process

• Oversee the monthly, quarterly, and annual financial close process, ensuring accuracy and timeliness of all journal entries, account reconciliations, and financial statements.

• Manage indirect cost pools, allocation methodologies, and overhead rate calculations in compliance with CAS and FAR.

• Supervise revenue recognition under ASC 606, including over-time recognition methodology for long-term government contracts.

• Maintain and strengthen the company's chart of accounts and general ledger integrity.

Internal Controls & Process Improvement

• Design, implement, and monitor effective internal control procedures in accordance with COSO framework and SOX requirements.

• Identify opportunities to streamline accounting processes and improve the efficiency and accuracy of financial operations.

• Develop and maintain accounting policies and procedures documentation.

Equity Administration

• Oversee the accounting and administration of the company's equity compensation programs, including stock options, restricted stock units (RSUs), and the Employee Stock Purchase Plan (ESPP).

• Ensure accurate recording of stock-based compensation expense in accordance with ASC 718, including fair value determination, vesting schedules, and forfeiture rate assumptions.

• Coordinate with the company's equity plan administrator and transfer agent to maintain accurate cap table records and equity award activity.

• Prepare equity-related financial statement disclosures and footnotes for SEC filings, including 10-K and 10-Q reports.

• Partner with Legal, HR, and Tax to administer Section 16 reporting obligations, Rule 10b5-1 trading plans, and insider trading policy compliance.

• Monitor and account for dilutive securities and ensure accurate earnings per share (EPS) calculations under ASC 260.

Payroll Oversight

• Oversee the company's payroll function, ensuring accurate and timely processing of multi-state payroll for all employees, including salaried, hourly, and contract labor populations.

• Ensure compliance with federal, state, and local payroll tax regulations, including proper withholding, remittance, and year-end W-2 and 1099 reporting.

• Maintain payroll controls and procedures that satisfy SOX internal control requirements and DCAA labor charging standards.

• Coordinate with Human Resources on compensation changes, benefits deductions, leave accruals, and onboarding/offboarding processes to ensure payroll accuracy.

• Review and approve payroll journal entries, reconcile payroll liability accounts, and ensure proper allocation of labor costs to government contract cost pools and direct/indirect categories.

• Manage relationships with third-party payroll service providers and ensure system integrations with the ERP and time-tracking platforms are functioning accurately.

Team Leadership & Cross-Functional Collaboration

• Supervise, mentor, and develop a team of accounting professionals including Senior Accountants and Staff Accountants.

• Partner with Program Managers, Contracts Administration, Legal, and Finance to ensure accurate project-level financial reporting and forecasting.

• Support the CFO and Corporate Controller in special projects, M&A due diligence, and strategic financial initiatives.

• Master's degree in Accounting or Business Administration (MBA).

• Experience at a Big 4 or national public accounting firm with a defense/government practice.

• Experience in a defense, aerospace, or government contracting environment.

• Familiarity with Earned Value Management (EVM) and EVMS compliance.

• Experience supporting IPO, secondary offerings, or public company transitions.

• Knowledge of AI/software development project cost accounting and R&D capitalization under ASC 350-40.