Contract Auditor III

About Caribou Thunder

Caribou Thunder, LLC is a Woman Owned, HUBZone Certified, Native American Owned, SBA and SDB Certified global engineering services company, incorporated in 2006.

Caribou Thunder is a Global Service Provider supporting a wide variety of DoD, Space, and Intelligence programs with consistent growth since inception to over 100 associates and $10M in annual sales with solid performance in 35 states across the U.S. and 22 countries around the world. Caribou Thunder, LLC is an established Defense contractor with nearly 20 years of experience delivering engineering services worldwide.  We offer industry leading salaries, flexible work life balance, full range of benefits (career development and mentoring, PTO, medical, dental, vision, life insurance, disability insurance, and 401k match).  Caribou Thunder, LLC offers meaningful career opportunities within a true team-based environment, where each and every employee matters, contributing to a higher goal supporting National Security programs. 

Caribou Thunder, LLC is committed to hiring and maintaining a diverse workforce. We are proud to be an Equal Opportunity/Affirmative Action-Employer, making decisions without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, marital status, national origin, age, veteran status, disability, or any other protected class. United States citizenship is a requirement for all positions.

Contract Auditor Level III
Caribou Thunder
Location: Herndon, VA
Requisition#: CS37490, CS37613
Date Posted: 6/28/2023
Security Clearance: TS/SCI
Education: Bachelor’s degree in accounting, or business discipline with 24 semester credit hours in accounting
Experience: 3 years of contract auditing experience planning and completing a full range of financial audits with governmental agencies
Position Summary
Caribou Thunder is seeking a skilled Contract Auditor Level III to join our team and provide support for Financial Auditing Services. FAS is responsible for contract audit and analytic services, as well as accounting and financial advisory services in support of the negotiation, administration, and settlement of contracts. As a Contract Auditor Level III, you will be responsible for performing audits, preparing reports, analyzing contract cost data, and ensuring compliance with applicable regulations and standards.
 
If you have a strong background in contract auditing and are looking for a challenging opportunity to apply your skills, join Caribou Thunder as a Contract Auditor Level III. This role offers the chance to contribute to critical contract-related functions and work in a dynamic and collaborative environment.
Complete Description
As a Contract Auditor Level III, you will play a critical role in conducting audits, analyzing contract cost data, and ensuring compliance with applicable regulations and standards. This position requires a strong understanding of auditing principles, attention to detail, and the ability to work collaboratively with audit teams.
  • Perform audits using office templates in accordance with office policies, procedures, and Generally Accepted Government Auditing Standards (GAGAS).
  • Conduct entrance and exit conferences with contractors, documenting discussions in work papers.
  • Prepare audit reports, exhibits, and schedules using office templates.
  • Track audit progress and provide bi-monthly briefings to the team lead.
  • Prepare written reports and exhibits detailing contractor claimed costs and audit findings for review by team lead and manager.
  • Collect and review information on contractor business practices and prior audit findings from in-house permanent files and discussions with contractors.
  • Collect, compile, and analyze contract cost data from accounting records to identify risk areas for transaction testing against contractor policies, supporting documentation, contract terms, and government regulations.
  • Create audit work paper packages using in-house templates and cross-reference work papers.
  • Review contract terms by examining contract documents (base and modifications) using in-house briefing tools.
  • Document all audit-related conversations in the work paper package.
  • Use in-house sampling programs to test costs and determine the allowability of claimed costs, ensuring compliance with contractor policies, records, contract terms, and government regulations.
  • Document testing with spreadsheet checklists and samples of tested transactions, along with supporting documentation.
  • Minimal domestic travel may be required.
Minimum Requirements
  • Prior experience in contract auditing.
  • Proficiency in Microsoft Office Suite.
  • Experience analyzing contract cost data from accounting records to identify risk areas.
  • Strong report writing skills.
Preferred Requirements
  • Familiarity with Federal Acquisition Regulations and Government Auditing Standards (Yellow Book) is highly desired.
  • CPA (Certified Public Accountant) or CFE (Certified Fraud Examiner) credentials are a plus, but not required.
  • Familiarity with customer systems used for report extraction is a plus, but not required.

Technical Program

Chantilly, VA

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