Fractional Senior Controller – Government Contractor / Lender Oversight
Work Setting: Primarily remote, with occasional travel to company locations on the East Coast
Schedule: Initially 5–10 hours per week, with the potential to increase to 20–30 hours as additional companies onboard
Start Date: As soon as possible
About the Opportunity
CRCFO is seeking an experienced Fractional Senior Controller to provide independent financial oversight for government contractor businesses with impaired asset-based loans.
Working on behalf of the lender and directly with borrower management, you will take an active role in controlling spending, improving cash flow and profitability, and strengthening financial accountability. Your work will help protect the lender’s position while giving each borrower a practical path toward recovery and repayment.
This role requires senior-level Controller experience with government contractors and hands-on knowledge of government contract accounting. The ideal candidate combines strong technical accounting skills with the judgment and communication skills needed to drive corrective action in financially challenging situations.
Key Responsibilities
Accounting and Government Contract Oversight
- Oversee day-to-day accounting operations, including the general ledger, month-end close, reconciliations, and timely financial reporting.
- Oversee government contract and project accounting, including job costing, labor charging, cost allocation, indirect rates, and compliance with applicable Federal Acquisition Regulation (FAR) and Defense Contract Audit Agency (DCAA) requirements.
- Evaluate accounting records and reporting processes to identify gaps, improve accuracy, and provide reliable financial information.
- Support audit readiness, government contract audits, incurred cost submissions, and other reporting requirements, as applicable.
Cash Management and Financial Recovery
- Work directly with borrower management to assess financial performance, identify operating inefficiencies, and implement corrective measures.
- Monitor cash flow, working capital, budgets, forecasts, and contract profitability.
- Identify and implement opportunities to reduce expenses, improve liquidity, and strengthen operating performance.
- Establish spending controls, expense authorization procedures, and approval processes consistent with lender requirements.
- Help borrower management prioritize financial obligations and develop actionable plans to support loan repayment.
Lender Communication and Accountability
- Lead weekly calls with the government asset-based lending (ABL) lender.
- Report on cash position, borrowing availability, collateral, financial performance, spending controls, and progress against agreed-upon objectives.
- Communicate emerging risks promptly and recommend practical corrective actions.
- Strengthen internal controls, financial reporting, and management accountability to improve transparency and support lender confidence.
- Track the implementation and results of agreed-upon financial and operational improvements.
Required Qualifications
- Senior-level Controller experience with government contractors.
- Demonstrated, hands-on knowledge of government contract accounting, including job costing, labor charging, cost allocation, and indirect rates.
- Strong understanding of applicable FAR and DCAA requirements.
- Experience overseeing accounting operations, financial close, cash management, budgeting, and forecasting.
- Ability to work directly with management to influence spending decisions, implement controls, and improve financial performance.
- Strong analytical and problem-solving skills, with the ability to turn complex financial information into clear recommendations.
- Excellent communication skills and the ability to navigate sensitive discussions with borrowers, lenders, and other stakeholders.
- Ability to work independently, manage competing priorities, and adapt to different accounting systems.
- Availability for a variable fractional schedule and occasional travel to company locations on the East Coast.
Preferred Qualifications
- Experience working with financially distressed businesses, lenders, or turnaround situations.
- Familiarity with asset-based lending arrangements, borrowing availability, and collateral reporting.
- Experience helping businesses improve liquidity, meet financial obligations, and repay outstanding loans.
- CPA designation preferred
- Experience providing financial oversight across multiple companies or client engagements.
Apply
Please submit your résumé highlighting your government contract accounting experience and any work involving lender oversight, financial distress, or business recovery.