ICF
Overview
The Billing Analyst is responsible for the preparation of final invoices and support of the contract closeout process for a variety of government and commercial contracts, including Firm Fixed Price (FFP), Time & Materials (T&M), and Cost Plus. This role requires strong analytical skills to review, reconcile, and finalize billing data and project details, ensuring contract compliance and accurate financial closure. Key Responsibilities
Lead the contract closeout billing process by reviewing completed projects, finalizing indirect rates, and ensuring all cost elements have been properly recorded and billed. Analyze project financials using Deltek Costpoint 7 and Cognos reports to determine final unbilled balances, rate variances, and allowable costs. Prepare and submit final invoices in compliance with FAR and client-specific requirements. Conduct thorough reconciliation of direct and indirect costs, identify adjustments or corrections needed prior to contract closeout. Collaborate with Project Accounting, Financial Controllers, Program Managers, and Contracts team to resolve outstanding issues and ensure the integrity of the final bill. Research historical billing data, unbilled balances, and project modifications to support closeout documentation and audits. Maintain audit-ready support files and coordinate with external auditors or agency closeout teams when necessary. Initiate and track final invoice approvals and monitor closeout status through completion. Support ongoing accounts receivable efforts by ensuring final invoices are complete and compliant to facilitate payment. Basic Qualifications
2+ years of accounting or finance experience, ideally within a government contracting environment. 1+ year of experience working with Deltek Costpoint 7. Preferred Qualifications
Experience in contract closeout processes, including rate finalization and final invoice preparation. Strong analytical skills with experience in reconciling complex financial data. Proficiency in Excel functions (VLOOKUP, Pivot Tables) and Cognos reporting. Knowledge of FAR, CAS, and indirect rate structures. Familiarity with project accounting, project setup, and revenue recognition. Bachelor’s degree in Accounting, Finance, or related field. Demonstrated proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook). Ability to work independently, manage multiple deadlines, and resolve technical billing issues with minimal oversight. Professional Skills
Highly detail-oriented and organized, with a strong understanding of government contract billing rules. Skilled in cross-functional collaboration and comfortable interfacing with finance, compliance, and contracts teams. Strong written and verbal communication skills to clearly explain findings and closeout requirements. Resourceful, analytical, and able to research historical data to validate billing accuracy. Working at ICF
ICF is a global advisory and technology services provider. We are an equal opportunity employer. Our employees collaborate to solve complex challenges and achieve personal and professional goals. For more information, please read our EEO policy. Reasonable accommodations are available, including for disabled veterans, individuals with disabilities, and individuals with sincerely held religious beliefs. To request an accommodation, please email candidateaccommodation@icf.com. All information provided will be kept confidential and used only to provide needed accommodations. Pay Range
The pay range for this position based on full-time employment is: $55,388.00 - $94,160.00. Nationwide Remote Office (US99) Job Details
Seniority level: Entry level Employment type: Full-time Job function: Accounting/Auditing and Finance Industries: Business Consulting and Services
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The Billing Analyst is responsible for the preparation of final invoices and support of the contract closeout process for a variety of government and commercial contracts, including Firm Fixed Price (FFP), Time & Materials (T&M), and Cost Plus. This role requires strong analytical skills to review, reconcile, and finalize billing data and project details, ensuring contract compliance and accurate financial closure. Key Responsibilities
Lead the contract closeout billing process by reviewing completed projects, finalizing indirect rates, and ensuring all cost elements have been properly recorded and billed. Analyze project financials using Deltek Costpoint 7 and Cognos reports to determine final unbilled balances, rate variances, and allowable costs. Prepare and submit final invoices in compliance with FAR and client-specific requirements. Conduct thorough reconciliation of direct and indirect costs, identify adjustments or corrections needed prior to contract closeout. Collaborate with Project Accounting, Financial Controllers, Program Managers, and Contracts team to resolve outstanding issues and ensure the integrity of the final bill. Research historical billing data, unbilled balances, and project modifications to support closeout documentation and audits. Maintain audit-ready support files and coordinate with external auditors or agency closeout teams when necessary. Initiate and track final invoice approvals and monitor closeout status through completion. Support ongoing accounts receivable efforts by ensuring final invoices are complete and compliant to facilitate payment. Basic Qualifications
2+ years of accounting or finance experience, ideally within a government contracting environment. 1+ year of experience working with Deltek Costpoint 7. Preferred Qualifications
Experience in contract closeout processes, including rate finalization and final invoice preparation. Strong analytical skills with experience in reconciling complex financial data. Proficiency in Excel functions (VLOOKUP, Pivot Tables) and Cognos reporting. Knowledge of FAR, CAS, and indirect rate structures. Familiarity with project accounting, project setup, and revenue recognition. Bachelor’s degree in Accounting, Finance, or related field. Demonstrated proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook). Ability to work independently, manage multiple deadlines, and resolve technical billing issues with minimal oversight. Professional Skills
Highly detail-oriented and organized, with a strong understanding of government contract billing rules. Skilled in cross-functional collaboration and comfortable interfacing with finance, compliance, and contracts teams. Strong written and verbal communication skills to clearly explain findings and closeout requirements. Resourceful, analytical, and able to research historical data to validate billing accuracy. Working at ICF
ICF is a global advisory and technology services provider. We are an equal opportunity employer. Our employees collaborate to solve complex challenges and achieve personal and professional goals. For more information, please read our EEO policy. Reasonable accommodations are available, including for disabled veterans, individuals with disabilities, and individuals with sincerely held religious beliefs. To request an accommodation, please email candidateaccommodation@icf.com. All information provided will be kept confidential and used only to provide needed accommodations. Pay Range
The pay range for this position based on full-time employment is: $55,388.00 - $94,160.00. Nationwide Remote Office (US99) Job Details
Seniority level: Entry level Employment type: Full-time Job function: Accounting/Auditing and Finance Industries: Business Consulting and Services
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