What are the responsibilities and job description for the Senior Accountant - Contract Accounting position at General Atomics Aeronautical Systems?
Job Summary
General Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of General Atomics, is a world leader in proven, reliable remotely piloted aircraft and tactical reconnaissance radars, as well as advanced high-resolution surveillance systems.
Under limited supervision, this position serves as a senior individual contributor responsible for applying advanced accounting judgement to complex contractual arrangements and financial transactions. The role supports accurate financial reporting, compliance with U.S. GAAP, and effective business decision-making across programs and product lines.
JOB DUTIES AND RESPONSIBILITIES:
Job Qualifications
Salary range: 89,180 - 155,825
General Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of General Atomics, is a world leader in proven, reliable remotely piloted aircraft and tactical reconnaissance radars, as well as advanced high-resolution surveillance systems.
Under limited supervision, this position serves as a senior individual contributor responsible for applying advanced accounting judgement to complex contractual arrangements and financial transactions. The role supports accurate financial reporting, compliance with U.S. GAAP, and effective business decision-making across programs and product lines.
JOB DUTIES AND RESPONSIBILITIES:
- Lead the accounting analysis and application of ASC 606 revenue recognition, including identification of performance obligations, transfer of control assessments, measures of progress, contract modifications, and variable consideration.
- Prepare, review, and approve complex journal entries, including revenue recognition, contract assets and liabilities, warranty reserves, and other accruals requiring technical judgment.
- Maintain and reconcile general ledger accounts related to contracts, unbilled receivables, deferred revenue, and cost recognition, ensuring timely and accurate close.
- Develop and maintain contract accounting memos and supporting documentation to substantiate accounting conclusions for audit, internal controls, and management review.
- Analyze contract structures, funding mechanisms, and cost profiles to ensure proper accounting treatment and alignment with contractual terms.
- Partner cross-functionally with Program Management, Finance, Contracts, and Legal to interpret contract language and assess accounting implications.
- Support external and internal audits, including preparation of audit schedules, responses to inquiries, and walkthroughs of accounting processes and controls.
- Contribute to monthly, quarterly, and annual close activities, including variance analysis, trend analysis, and explanation of financial results to management.
- Identify opportunities to improve accounting processes, controls, and reporting, including enhancements to contract asset tracking, revenue schedules, and close efficiency.
- Provide guidance and informal mentorship to junior accountants on technical accounting matters and best practices.
- Evaluate accounting implications of new or non-standard contract terms, including trade offset / industrial cooperation agreements, co-development arrangements, cost-share structures, warranties, and customer-funded activities.
- Assist in the development or refinement of accounting policies, procedures, and internal controls related to contract accounting.
- Support pricing, forecasting, and long-range planning efforts by providing insight into revenue recognition timing, cost behavior, and financial risks.
- Contribute to the implementation or optimization of ERP and reporting tools supporting contract accounting and financial reporting.
Job Qualifications
- Typically requires a bachelor's or master's degree in accounting, finance or related discipline along with eight or more years of progressive experience in accounting with a bachelor's degree or six or more years of experience with a master's degree. Equivalent professional experience may be substituted in lieu of education.
- Exercises independent judgment in resolving complex accounting issues within established policy frameworks.
- Demonstrates strong written and verbal communication skills, including the ability to clearly explain accounting conclusions to non-accounting stakeholders.
- Operates with a high degree of accuracy, accountability, and professionalism in a regulated, audit-intensive environment.
- Demonstrated advanced understanding of accounting theories, concepts, and principles, with broad application experience and a strong working knowledge of U.S. GAAP. Knowledge of cost accounting standards and FAR is preferred.
- Demonstrated ability to lead workstreams, including organizing, prioritizing, and coordinating activities to meet project milestones and deadlines.
- Proven ability to:
- Identify issues, analyze and interpret complex data, and develop sound solutions
- Communicate effectively in writing and verbally, including documenting and presenting conclusions
- Influence and collaborate with stakeholders across levels, including management and external parties
- Contribute to the development or improvement of processes, systems, or controls
- Represent the company as a knowledgeable accounting resource on cross-functional initiatives
- Proficiency with standard business and accounting systems and tools.
- Ability to work independently or collaboratively in a team environment; flexibility to support extended hours or travel as business needs require.
Salary range: 89,180 - 155,825
Salary : $89,180 - $155,825