What are the responsibilities and job description for the Controller position at ITC Defense Corp.?
Location: Charleston, SC
Position: Controller
Overview: ITC Defense Corp. is seeking an experienced and detail-oriented Controller to serve as the company's primary accounting execution leader. Reporting directly to the CFO alongside the Director of Finance, the Controller owns the day-to-day accounting operations, ensures the integrity of ITC's books and records, and maintains a DCAA-compliant accounting system. The Controller works closely with the CFO and Director of Finance to provide the financial data and reporting that drives ITC's strategic and operational decisions. This position is a hybrid position with some remote work flexibility; expectation of a minimum of one day a week on site or as requested.
Responsibilities:
Accounting Operations & Close
ACCESSIBILITY- Candidates must be able to perform the essential functions of the position satisfactorily and that, if requested, reasonable accommodation may be made to enable employees with disabilities to perform the essential functions of their job, absent undue hardship. If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for purposes of participating in the application/selection process with ITC. Please refer to our website www.itcdefense.com/careers for further information on all our EEO/VEVRAA policies.
Thank you for your interest in ITC Defense!
Position: Controller
Overview: ITC Defense Corp. is seeking an experienced and detail-oriented Controller to serve as the company's primary accounting execution leader. Reporting directly to the CFO alongside the Director of Finance, the Controller owns the day-to-day accounting operations, ensures the integrity of ITC's books and records, and maintains a DCAA-compliant accounting system. The Controller works closely with the CFO and Director of Finance to provide the financial data and reporting that drives ITC's strategic and operational decisions. This position is a hybrid position with some remote work flexibility; expectation of a minimum of one day a week on site or as requested.
Responsibilities:
Accounting Operations & Close
- Execute all day-to-day accounting functions including accounts payable, accounts receivable, payroll processing, general ledger maintenance, and bank reconciliations.
- Own the monthly, quarterly, and year-end close process, ensuring all entries are completed accurately and on schedule.
- Reconcile balance sheet accounts monthly and resolve discrepancies in a timely manner.
- Maintain fixed asset records and depreciation schedules.
- Maintain ITC's DCAA-compliant accounting system, ensuring proper segregation of direct costs, indirect costs, and unallowable costs in accordance with FAR Part 31.
- Accumulate and record indirect costs accurately within the established rate structure; support the monitoring and adjusting provisional billing rates.
- Prepare supporting documentation and schedules for the annual incurred cost submission.
- Maintain audit-ready accounting records and support DCAA audits, accounting system reviews, and any other government audit activity with organized, complete documentation.
- Ensure timekeeping records are accurate, complete, and compliant with ITC policy and DCAA requirements.
- Prepare and submit accurate, timely invoices to government customers across all contract types (FFP, T&M, cost-reimbursable) in accordance with contract terms and billing instructions.
- Monitor accounts receivable aging and follow up on outstanding invoices to support healthy cash flow.
- Process and reconcile subcontractor invoices in compliance with contract terms.
- Coordinate with program and contracts staff to resolve billing discrepancies or funding issues promptly.
- Support payroll processing, ensuring accuracy, timeliness, and proper labor distribution to direct and indirect cost accounts.
- Reconcile payroll records to the general ledger and maintain complete payroll documentation.
- Ensure payroll tax filings and 401(k) deposits are completed accurately and on schedule; coordinate with the Human Resources as needed.
- Provide accurate, timely financial data to support management reporting, forecasting, and budget-to-actual analysis.
- Prepare contract-level cost reports and funding status summaries to support program manager financial visibility.
- Support proposal pricing, including labor rates, fringe, and indirect rate inputs.
- Support tax preparation, year-end audits, and other special projects.
- Execute accounting operations in accordance with ITC's established policies, procedures, and internal controls.
- Identify gaps or inefficiencies in accounting processes and recommend improvements.
- Maintain organized, complete accounting files and records that support audit readiness at all times.
- Assist in developing and documenting accounting procedures as the company grows and processes evolve.
- Other duties as assigned.
- U.S. Citizenship required.
- Bachelor's degree in Accounting or a related field.
- Minimum 10 years of progressive accounting experience, with at least 8 years in a government contracting environment.
- Working knowledge of FAR Part 31 cost principles and DCAA accounting system requirements.
- Hands-on experience with full-cycle accounting including AP, AR, payroll, general ledger, and month-end close.
- Experience with government contract invoicing across multiple contract types (FFP, T&M, cost-reimbursable).
- Proficiency in a DCAA-compliant accounting system (PROCAS, Deltek Costpoint, or equivalent).
- Advanced proficiency in Microsoft Excel and Office Suite.
- Exceptional attention to detail and a high degree of accuracy in all work products.
- Strong organizational skills and ability to manage multiple priorities and deadlines simultaneously.
- Solid written and verbal communication skills.
- CPA license or active pursuit of CPA certification.
- Experience supporting a DCAA incurred cost audit or accounting system adequacy review.
- Familiarity with indirect cost rate structures and provisional billing rate calculations.
- Experience with PROCAS accounting software.
- Prior experience in a small to mid-size defense contractor environment.
- Employer Supplemented Health Insurance
- Employer Paid Dental and Vision Insurance
- Employer Paid Life and AD&D Insurance
- 3% Biweekly 401(k) Contribution
- Paid Time Off
- Tuition and Certification Reimbursement
- Competitive Salaries with Performance Incentives
- A positive working environment with supportive teammates and leadership
ACCESSIBILITY- Candidates must be able to perform the essential functions of the position satisfactorily and that, if requested, reasonable accommodation may be made to enable employees with disabilities to perform the essential functions of their job, absent undue hardship. If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for purposes of participating in the application/selection process with ITC. Please refer to our website www.itcdefense.com/careers for further information on all our EEO/VEVRAA policies.
Thank you for your interest in ITC Defense!