Pricing & Invoicing Accountant

Job Description

Job Description

Job Title: Pricing & Invoicing Accountant

Location: On-Site – Monroe Township, NJ

Reports to: Controller

About Us:

Ocean Power Technologies, Inc. (OPT) provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets, including Merrows™, which provides AI-capable seamless integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® unmanned surface vehicles (USV’s) and marine robotics services. The Company’s headquarters is located in Monroe Township, New Jersey and has an additional office in Richmond, California.

The Role:

We are seeking a seasoned Pricing & Invoicing Accountant to lead the development, oversight, and execution of pricing strategies, proposal financials, and customer invoicing processes. This role is critical to ensuring that both commercial and government proposals are compliant, cost-competitive, and aligned with strategic business objectives.

The ideal candidate would bring experience in financial operations and pricing, with a strong understanding of government contracting requirements, including FAR/DFARS compliance, cost build-up methodologies, and audit readiness. This role will serve as a strategic business partner across finance, sales, engineering, and development teams.

Responsibilities:

• Pricing Strategy & Governance:
  1. Develop, validate, and manage detailed pricing models for commercial and government proposals.
  2. Lead the financial review and approval process for all pricing submissions, ensuring alignment with corporate margin and risk thresholds.
  3. Analyze cost structures and provide insights into profitability, pricing levers, and customer value.
  4. Maintain pricing policies, tools, and templates for consistency across bids.
• Proposal & Government Contract Support:
  1. Review proposal cost volumes, cost narratives, and pricing schedules for compliance with FAR/DFARS and solicitation requirements.
  2. Support Business Development and Contracts teams in pricing RFPs, RFQs, and IDIQ task orders.
  3. Coordinate with technical leads to ensure cost realism and labor/resource estimates are supportable and auditable.
  4. Support the development of forward pricing rate packages and responses to DCAA/DCMA inquiries, when applicable.
• Equipment Line Management:
  1. Oversee the accurate structuring and costing of equipment line items across bids and proposals.
  2. Interface with engineering and supply chain to validate BOMs, vendor quotes, and production assumptions.
  3. Monitor pricing consistency for repeat offerings and implement improvements to streamline cost development.
• Invoicing and AR Operations:
  1. Manage invoicing workflows for fixed-price, cost-reimbursable, and milestone-based contracts.
  2. Ensure timely and compliant invoice submissions per contract terms, including government billing standards (e.g., WAWF, IPP).
  3. Reconcile invoicing with revenue recognition and project status updates.
  4. Track AR payments, conducting follow-ups on outstanding balances, and maintaining effective collections processes.
• Cross-Functional Leadership:
  1. Partner with internal stakeholders to align pricing strategy with program execution, cost controls, and financial planning.
  2. Lead process improvements to automate proposal pricing, standardize documentation, and enhance financial transparency.
  3. Assist in preparing documentation and schedules required for internal and external audits. Ensure compliance with GAAP and relevant regulatory standards
• General Ledger, Financial Close & Consolidation Management:
  1. Maintain and reconcile general ledger accounts with a strong focus on accuracy, timeliness, and completeness of entries.
  2. Special emphasis on the areas of Revenue, Cost of Goods Sold (COGS), Inventory, and Accounts Receivable to ensure financial data integrity and accurate reporting.
  3. Collaborate with the finance team to execute monthly, quarterly, and year-end close procedures.
  4. Prepare and review journal entries, reconciliations, and financial consolidations, ensuring deadlines are met and reports are complete and accurate.
• Internal Controls & Process Documentation:
  1. Maintain documentation for internal controls over financial reporting for areas of responsibility.
  2. Ensure existing processes meet audit and compliance requirements while promoting financial integrity.

Skills & Qualifications:

• Educational Background:
  • Bachelor’s degree in Accounting, Finance, or related field required.
• Experience:
  • Minimum of 6 years of relevant experience in pricing, financial operations, or proposal development.
  • Direct experience supporting pricing efforts on government contracts (FAR/DFARS, TINA, CAS).
  • Strong working knowledge of cost proposals, indirect rate structures, and price-to-win strategies.
  • Preferred to have experience with marine technology, energy, or defense-related systems.
  • Preferred to have familiarity with government proposal platforms (e.g., SAM.gov, WAWF/iRAPT, IPP).
• Technical Proficiency:
  • Advanced proficiency in ERP software, preferably QuickBooks.
  • Strong command of Microsoft Excel and financial modeling skills.
• Accounting Knowledge:
  • Understanding of US GAAP and accounting principles, with particular expertise in revenue recognition, cost accounting, inventory control, and receivables management.
• Organizational & Time Management:
  • Proven ability to manage multiple priorities, meet tight deadlines, and work independently with minimal supervision.
• Communication & Teamwork:
  • Excellent interpersonal and communication skills.
  • Ability to explain and support work and collaborate effectively in a team-oriented environment.

Ocean Power Technologies provides equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, ancestry, national origin, citizenship, sex or gender (including pregnancy, childbirth, and pregnancy-related conditions), gender identity or expression (including transgender status), sexual orientation, marital status, religion, age, disability, genetic information, service in the military, or any other characteristic protected by applicable federal, state, or local laws and ordinances. Equal employment opportunity applies to all terms and conditions of employment, including hiring, placement, promotion, termination, layoff, recall, transfer, leave of absence, compensation, and training.

Salary range is $100,000 - $110,000 per year and includes the following:

• Bonus potential
• Restricted Stock Awards

Benefits include:

• Medical
• Dental
• Vision
• Life Insurance
• Disability Insurance
• 401(k)