Eaton’s Corporate Sector is currently seeking a Government Accounting and Compliance Manager to join our team. The preferred location of this role would be based at our Beachwood, OH location with the option of a hybrid work schedule. We are also offering remote work for candidates living more than 50 miles outside of the preferred location. Travel to Beachwood, OH will be required. Position Overview: The Government Accounting and Compliance Manager serves as Eaton's U.S. Government financial compliance subject matter expert. This role's primary responsibility is allocating corporate home office expenses to busines segments under Cost Accounting Standard 403. It is also responsible for developing and submitting Eaton's Indirect Rate Agreements, Forward Pricing Rate Proposals, and annual Incurred Cost Submissions. This role will also advise busines segments on the advanced application of accounting principles, manage relationships with external government auditors, and assist internal auditors examine financial compliance with government laws and regulations. The ideal candidate must have a very strong understanding of the cost principles within Part 31 of the Federal Acquisition Regulation and the Cost Accounting Standards ("CAS"). Making what matters work at Eaton takes the passion of every employee around the world. We create an environment where creativity, invention and discovery become reality, each and every day. It’s where bold, bright professionals like you can reach your full potential—and where you can help us reach ours. In this function you will: Allocate corporate home office expenses to segments based upon the beneficial or causal relationship between such expenses and receiving segments. This includes collaborating with the finance department to identify expenses for direct allocation, accumulating indirect expenses into logical homogenous pools, and allocating any remaining residual expenses to all segments. Coordinate with Eaton's business sectors and finance department to develop and submit Forward Pricing Rate Proposals. Conduct negotiations with the Defense Contract Audit Agency and Defense Contract Management Agency to establish Forward Pricing Rate Agreements. Responsible for preparing and submitting Disclosure Statements to the government's administrative contracting officer and responsible auditor that accurately describe Eaton's cost accounting practices and procedures. Ensure continued compliance with the disclosed practices and responsible for amending Disclosure Statements to address changes in accounting practices or government directed changes. Adopt and maintain compliant Cost Accounting Standard 405 accounting practices that identify all costs that are unallowable under law, regulation or contract and exclude the unallowable costs from any billing, claim, or proposal applicable to a government contract. Train key personnel to identify unallowable costs and remove the unallowable costs from any billing, claim or proposal applicable to a government contract. Maintain records and supporting documentation to demonstrate allowability and allocability of costs. Timely prepare annual Incurred Cost Submissions for approval by Eaton's controller and submission to the Defense Contract Audit Agency. Ensure supporting schedules (e.g., Indirect Cost Pools, Claimed Allocation Base, and Certificate of Indirect Costs) accurately support the Incurred Cost Submission. Responsible for leading cross-functional teams to develop and implement annual Global Contracts Compliance initiatives, and developing organizational solutions to audit trends. Determine adequacy for business sectors' accounting practices by testing and examining supporting records, assertions, and internal controls. Support Internal Audit's annual audit plan by assisting in the development of the scope of specific audits and occasionally serving as a guest auditor as needed. Consistently display a strong desire and ability to develop and implement tools and automation to increase the speed and simplicity of processes. Why work at Eaton? We provide benefits that are industry competitive and focused on employee well-being. Listed below are programs that are offered globally, but program availabilities may vary by site. Flexible work options to help balance work/life demands (at participating Eaton sites) Healthcare/retirement savings programs Competitive compensation packages to reward skills and performance Tuition assistance or financial help for ongoing learning and development Health, Dental, Vision & Wellness programs Donation matching (U.S., Canada, Puerto Rico) When we embrace the different ideas, perspectives and backgrounds that make each of us unique, we — as individuals and as a company — are stronger. Qualifications Required (Basic) Qualifications: Bachelor Degree from an accredited institution required. Minimum 7 years’ accounting experience Knowledge of FAR, DFARS, CAS required Must be able to work in the United States without corporate sponsorship now and within the future Preferred qualifications: Master’s Degree or MBA CPA Experience and skill with CAS covered government contracts Position Criteria: Strategic thinking Strong drive for results Political savvy Ethical with a high degree of personal integrity Ability to leverage resources and lead teams without direct reporting authority Highly accountable Transparent We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law. Eaton provides a competitive total rewards package commensurate with applicable skills, knowledge, and experience and consistent with internal and external market practices. The annual salary range for this role is $118,000 - $162,250. At Eaton, we know that good benefit plans are important to employees and their families. In addition to a competitive base salary, Eaton provides various Health and Welfare benefits as well as Retirement benefits. Click here for more detail: Eaton Benefits at a Glance. Eaton considers qualified applicants regardless of criminal histories, consistent with local laws. To request a disability-related reasonable accommodation to assist you in your job search, application or interview process, please call 412-893-3600 or send an email to: AccommodationsForApplying@Eaton.com What you will get from us Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic and mechanical power – more safely, more efficiently and more reliably. Making what matters work at Eaton takes the passion of every employee around the world. We create an environment where creativity, invention and discovery become reality, each day. It’s where bold, bright professionals like you can reach your full potential—and where you can help us reach ours. Eaton’s 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 85,000 employees. We make work exciting, engaging and meaningful for our employees through our dedication to tackling some of the toughest power management challenges on the planet and by never losing sight of what matters. Our culture is built on a strong commitment to practicing our core values and supporting our employees with the tools they need to succeed. We pledge to always foster a diverse and inclusive environment, including inclusion resource groups that bring together employees who share a common purpose, interest or background. In the past year, our company has received top employment recognition by the Human Rights Campaign and almost fifty percent of our Board of Directors represented diverse groups. When we embrace the different ideas, perspectives and backgrounds that make each of us unique, we — as individuals and as a company — are stronger. We have demonstrated our passion for sustainability with the recent announcement of cutting carbon emissions from the company’s operations by at least 50 percent by 2030. We are ethical, passionate, accountable, efficient, transparent and committed to learning. We are confident we can deliver on our promise to improve the quality of life and the environment because of the attributes that our employees embody. We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law. Job: Legal Region: North America – US/Puerto Rico Organization: Corporate Sector Job Level: Individual Contributor Schedule: Full-time Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: Yes – Remote Does this position offer relocation?: No Travel: Yes, 25 % of the Time