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Accounting Project Analyst

S3 AeroDefense · s3aerodefense.com
MilwaukeeMid level3–5 yrsContract
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Accountant II
UWMIL University of Wisconsin Milwaukee · Milwaukee · found 6 d ago

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The job in short

Accounting project analysis.

AccountingCompliance

Details

Found
25 d ago · posted 2026-10-03
Location as listed
Milwaukee, WI, US
Role
Accountant
Source
The company’s own careers site

Full description

Description Purpose of the Job: Support the Finance Department by performing financial analysis, cash flow forecasting, and project/contract budgeting activities, with growing involvement over time in accounting close and revenue recognition processes — including long-term, percentage-of-completion contracts. This role ensures accurate and timely financial reporting, maintains strong internal controls, and provides actionable insights that help drive strategic and operational decisions. S3 AeroDefense provides structured on-the-job training, mentoring, and continuing professional education (CPE) support to help a strong analytical hire build proficiency in percentage-of-completion (ASC 606) accounting on the job. Reports to: Director of Finance Duties and Responsibilities: Accounting & Reporting • Complete standard monthly close activities, including account reconciliations, journal entries, and supporting documentation. • Compile and maintain work papers to substantiate account balances and ensure compliance with internal controls. • Assist with compiling information for external audits and reviews; coordinate with auditors during fieldwork by providing schedules, explanations, and supporting documentation. • Apply revenue recognition under ASC 606, including percentage-of-completion accounting for long-term contracts — calculating cost-to-cost completion percentages, recognizing revenue and cost of goods sold accordingly, tracking contract assets and liabilities (over-/under-billings), and reconciling percentage-of-completion schedules to the general ledger. • Assist in evaluating and documenting technical accounting treatment for non-routine transactions (e.g., contract modifications, variable consideration, estimated cost overruns). • Ensure compliance with internal accounting policies, company procedures, and relevant contractual requirements. Financial Analysis & Planning • Prepare and maintain cash flow forecasts at the project and contract level — tracking expected costs, billings, and collections across active contracts — to support operational and strategic decision-making. • Build and maintain project- and contract-level budgets; track actual costs against budget and flag variances for management review. • Assist in preparing segment-level and consolidated budgets; track and analyze variances against actual results. • Prepare monthly and quarterly management reports, including metrics such as profitability by region, cash flow trends, days sales outstanding, and contract backlog/percentage-of-completion metrics. • Support preparation of materials for Board of Directors presentations. • Assist in preparation of weekly and monthly revenue forecasts, incorporating percentage-of-completion-based revenue estimates. • Prepare and submit required financial and contractual reports to external stakeholders (customers, suppliers, etc.) per agreement requirements. • Perform ad-hoc financial modeling, analysis, and reporting in support of strategic initiatives. Requirements • Bachelor's degree in Accounting or Finance (required); CPA or Master's in Accounting/Finance a plus. • 3–5 years of experience in financial analysis, accounting, or auditing, with demonstrated strength in cash flow forecasting, budgeting, variance analysis, and financial modeling. Prior exposure to long-term contract accounting or percentage-of-completion (ASC 606) revenue recognition is a plus but not required. Experience in aerospace, defense, manufacturing, or construction industries a plus. • Solid working knowledge of US GAAP and internal financial controls. • Experience with ERP systems (Epicor, SAP, Oracle, or similar) and proficiency in Microsoft Excel and Word. • Strong analytical skills — including financial modeling, forecasting, and budget-to-actual analysis — attention to detail, and ability to communicate financial information clearly. • Capable of working independently and collaboratively in a fast-paced environment. • Commitment to continuous learning and process improvement. • Ability to manage multiple priorities while meeting deadlines. • Eagerness to learn new technical accounting concepts and pursue continued professional development opportunities.

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