Financial Analyst - Closeout Billing

at  General Dynamics Information Technology

SKILLS:

Accounting, Analytical Thinking, Billing, Closeouts, Invoices

EXPERIENCE:

6 + years of related experience

JOB DESCRIPTION:

GDIT has an exciting opportunity for a Financial Analyst to join our team to support Cash Operations closeout activities at our Herndon, VA locations working 1 day per week in the office and 4 days telework (from home) after the required new-hire training period. *This role will be a hybrid and on-site work in our Herndon, Virginia offices. GDIT continues to offer flexible work arrangements. *
At GDIT, our people are at the center of everything we do. In compliance with GDIT’s Closeout policy, as a Financial Analyst, supporting the Cash Operations Closeout Team, the candidate will be responsible for preparation, posting, and follow-up of interim and final invoices, and submission of final release documents, for a variety of contract types and customers, to include Government and Civilian Agencies.
Candidate must be comfortable with contacting customers (both internal and external) directly to resolve issues; possess critical thinking ability; and be self-motivated.

In this role, a typical day will include:

• Determine if quick close out is applicable. Negotiate with customer when needed.
• Collect internal reports by fiscal year in order to summarize total incurred costs.
• Apply DCAA negotiated indirect rates for each applicable fiscal year.
• Determine if all Costs posted after the POP were incurred within the POP
• Prepare invoices for Canceling funds.
• Determine total claim to include all reimbursable costs (including applicable indirect costs) and total applicable fees including fees not previously invoiced.
• Reconcile total payments received to total calculated claim.
• Prepare interim/closeout invoice and attach completed billing check list.
• Submit Invoice to Department Supervisor/Manager for audit approval.
• Coordinate with Finance and Contracts on issues discovered during preparation and analysis. Follow-up on any adjustments that need to be made.
• Input approved claim into financial system and Customer payment system. (Excludes some classified contracts – processed by FA or Contracts)
• Prepare release and assignments letters to be mailed with closeout invoice. Coordinate with Division Contracts and Legal when necessary.
• Participate in working groups targeting best practices for the group, which will influence the Closeout Policy and Procedures.
• Other responsibilities as identified.