SAP FICO Federal Cost Accounting

SAP FICO Federal Cost Accounting

Location: Remote

Key Responsibilities

• Design, configuration, testing, and deployment of SAP FICO modules (General Ledger, Accounts Payable, Accounts Receivable, Fixed Assets, Cost Center Accounting, Profit Center Accounting, Internal Orders, Product Costing, and Profitability Analysis).
• Ensure the SAP FICO configuration supports accurate and compliant financial and management accounting processes.
• Integrate FICO with other core SAP modules (SD, MM, PS) to maintain end-to-end process integrity and data consistency.

• Serve as the Subject Matter Expert (SME) for Federal Cost Accounting Standards (CAS) and FAR Part 31 cost allowability, focusing on the configuration and utilization of SAP CO to meet these requirements.
• Design and implement cost structures (Cost Elements, Cost Centers, Profit Centers, Internal Orders) in SAP to accurately measure, assign, and allocate costs in a manner consistent with all 19 CAS standards (CAS 401, 402, 405, 410, 418).
• Configure SAP to support the preparation and maintenance of the CAS Disclosure Statement (DS-1), ensuring documented practices align with system configuration and application.
• Implement controls in SAP to track and segregate unallowable costs as defined by FAR Part 31 and CAS 405.
• Design and configure indirect cost pools and allocation cycles (assessments, distributions) within SAP CO to ensure compliant allocation of G&A, Overhead, and Service Center costs to final cost objectives (contracts).
• Analyze and translate new or modified CAS and FAR regulations into SAP system requirements and propose necessary configuration changes.

Support and Documentation

• Develop comprehensive functional specifications for customizations and enhancements related to federal accounting and reporting.
• Conduct gap analysis between current business processes, CAS/FAR requirements, and SAP capabilities.
• Provide training and support to end-users and the finance team on CAS-compliant processes within SAP.
• Support financial reporting, including both GAAP/IFRS reporting and specific CAS/FAR-compliant reporting required for government contracts.
• Collaborate with auditors (DCAA/DCMA) during compliance reviews and system audits.

Required Qualifications

• Bachelor s degree in Accounting, Finance, Information Technology, or a related field.
• Minimum of 7 years of hands-on experience as an SAP FICO Functional Consultant.
• Minimum of 3 years of direct, verifiable experience implementing and configuring SAP FICO for government contractors with contracts subject to Federal Cost Accounting Standards (CAS) and FAR Part 31.
• Deep functional and configuration knowledge across all core SAP FI/CO modules, with exceptional strength in Cost Center Accounting (CCA), Internal Orders (IO), and Product Costing (PC).
• In-depth understanding of the 19 Cost Accounting Standards (CAS) and the principles of cost allowability, allocability, and consistency as defined by FAR and CAS.
• Proven experience designing and implementing complex, compliant indirect rate structures and allocation methods in SAP CO.
• Experience with Federal/Government contract compliance and reporting requirements.
• Excellent analytical, problem-solving, and communication skills (written and verbal).

Preferred Qualifications

• Experience with SAP S/4HANA Finance and the Universal Journal, especially as it relates to cost object control.
• CPA, CMA, or relevant professional certification.
• Certification in SAP FICO.
• Experience in a consulting environment supporting multiple government contractors.