Keith Colbath, MBA
Principal at GovCon Consulting LLC- Claim this Profile
Click to upgrade to our gold package
for the full feature experience.
Topline Score
Bio
Credentials
-
Costpoint Master Certification
DeltekJun, 2020- Oct, 2024 -
Costpoint Certification - Accounts Payable
DeltekJun, 2020- Oct, 2024 -
Costpoint Certification - Billing and Accounts Receivable
DeltekJun, 2020- Oct, 2024 -
Costpoint Certification - General Ledger
DeltekJun, 2020- Oct, 2024 -
Costpoint Certification - Labor, Leave and Payroll
DeltekJun, 2020- Oct, 2024 -
Costpoint Certification - Projects
DeltekJun, 2020- Oct, 2024
Experience
-
GovCon Consulting LLC
-
United States
-
Financial Services
-
1 - 100 Employee
-
Principal
-
Aug 2021 - Present
Keith is an experienced Corporate Controller with 20+ years of industry experience in government contracting, government grants, information technology, manufacturing, and professional services. He has 15+ years of experience implementing, operating, and administering Deltek systems including Vision, GCS, Vantagepoint and Costpoint. In his experience as Controller he managed a large accounting department that handled contract pricing, contract acquisition, billing, revenue recognition and indirect rate planning and calculation for large defense contracts and large government grants. In this time he developed a strong understanding of the flexibility and capabilities of Deltek Costpoint and the reporting required by the government customer and government regulations. In his most recent role, Keith was Director of the Government Contracting ERP practice at BDO. Here he was the Principal lead for multiple comprehensive Deltek Costpoint ERP implementations ($1M to $1B revenue), with inter-company charging, multi-currency labor and expenses, complex cost centers, multiple cost pools, and advanced project and organization setup and customized workflows, in addition to organization specific security design. These implementations have included implementation of the Accounting, Contracts, Planning, Projects, Materials, Administration, Workflows, Subcontract Management and Time & Expense modules of Costpoint. He also has established new procedures for organizations related to the treasury function, including weekly/monthly cash flow forecasting, bank reconciliation process improvements, daily recording of cash activity, segregation of duties, and internal control development in support of government mandates. Additionally, he has built cost pool structures and redesigned rate structures for organizations. Show less
-
-
-
BDO
-
Investment Advice
-
Director, Industry Specialty Services
-
May 2019 - Jan 2022
The Government Contracting ERP practice within BDO’s Industry Specialty Services Group works closely with commercial, government contractors and nonprofit clients to understand their contract and compliance requirements to recommend the best product, tools, and processes fit for their organizations. The ERP practice provides multiple value-added services, including product evaluation and selection, technology design, systems integration, program management, and full life-cycle implementation and compliance process design. Show less
-
-
-
Oasis Systems
-
United Kingdom
-
Business Consulting and Services
-
Corporate Controller
-
Apr 2016 - May 2019
Oasis is a fast growing defense contractor, with sales increasing from $75M to $350M over the last two years and over 1300 current staff members. Responsibilities: • Perform comprehensive ERP implementation, with cost centers, material management & procurement, account and project setup. • Manage accounting operations, including the design and organizational structure for building internal controls with a scale up from $75M to $350M in revenue in 18 months. • Developing processes and procedures surrounding the treasury function including weekly/monthly cash flow forecasting, automated bank reconciliation process, daily recording of cash activity, ensuring proper segregation of duties within the accounting department, with cross-training. • Manage percent of completion revenue recognition on fixed price, time & material and cost-plus contracts. • Prepare journal entries, review reconciliations and prepare financial statements according to GAAP. • Review contract invoice revenue, analyzing profit margins. • Prepare incurred cost proposals and budget justifications and new proposals for grants and contracts. • Complete general ledger account analysis and weekly financial and budget reports and forecasts. • Manage preparation of monthly consolidated financials and perform analytics. • Performed due diligence and migration of two acquired companies with $50M+ in revenue to ERP system of parent company. • Create budget reporting for cost pool project forecasts and actuals vs. budget reporting. • Created purchasing and expenditure standard operating procedures and policies in adherence to ISO 9001. • Interface with internal control, accounting system, revenue and indirect cost government auditors and external auditors for financial statement audits. • Manage four direct report employees and nine indirect report employees, including assigning responsibility, mentoring and reviewing job performance. Show less
-
-
-
INFINIUM Inc.
-
United States
-
Mining
-
Assistant Controller
-
Nov 2012 - Apr 2016
INFINIUM is a development-stage company which is commercializing new processes for primary production and recycling of metals, chiefly those whose demand is growing for use in energy efficiency and renewable energy technologies with revenue of $20M. Specialties Magnesium, Rare Earth Metals, Solar-Grade Silicon, Molten Salt Electrolysis Responsibilities: • Performed comprehensive ERP implementation, with cost centers, material management, account and project setup. • Prepared journal entries, review reconciliations, revenue recognition and prepared GAAP financial statements. • Reviewed contract invoices, analyzing cost incurred and ensure all cost are within scope of the contract. • Prepared incurred cost proposals and budget justifications for grants and contracts. • Prepared bi-weekly payroll and benefits journal entries and submission to ADP and maintain timekeeping system. • Established process for implementation of new ERP software. • Completed general ledger account analysis and weekly financial and budget reports and forecasts. • Created forecasting of P&L and balance sheet impact for new product launches and manufacturing scale-up. • Prepared financial analyses and modeling related to scale-up of manufacturing and government contracts. • Performed migration of payroll from Paychex to ADP, including tax account review. • Created budget reporting for cost pool project forecasts and actuals vs. budget reporting. • Customized an inventory management system for tracking materials, project costs and budget reporting. • Created purchasing and expenditure procedures and policies in adherence to ISO 9001 requirements. • Interfaced with internal control, accounting system, revenue and indirect cost government auditors and external auditors for financial statement audits. • Managed two employees, including assigning responsibility, mentoring and reviewing job performance. Show less
-
-
-
Infoscitex Corporation
-
United States
-
Defense & Space
-
100 - 200 Employee
-
Financial Analyst
-
Jul 2010 - Nov 2012
Infoscitex Corporation (IST) is an engineering research and development company focused on developing advanced technologies and providing technical services to customers in the Defense, Energy and Medical fields. IST operates a number of specialty laboratories at its Waltham MA headquarters including Analytical Chemistry, Biomedical Prototyping, Cell Culture, Electroactive Materials, Materials Processing, and Microbiology laboratories. In addition to its headquarters, IST operates a state-of-the-art media communications suite at its Dayton OH office. IST personnel currently provide customer-site technical services at Wright-Patterson Air Force Base, Schriever Air Force Base, NCR customer locations, and commercial client sites with revenue of $40M. Responsibilities: • Prepare journal entries, cash, accrual and intercompany reconciliations and monthly close according to GAAP. • Prepare government contract invoices, analyzing cost incurred and contract modifications for accurate billing and proper recording of revenue and use forecasts to determine contract funding requirements. • Performed comprehensive ERP data migration, including account and project setup in Deltek Costpoint. • Complete general ledger account analysis and weekly financial and budget reports and forecasts. • Maintain fixed assets, perform asset disposals and intercompany asset transfers and prepare monthly depreciation. • Prepare weekly and monthly reports for cost pool project forecasted projections and actuals vs. budget reporting. • Prepare annual reports, monthly and quarterly state and local tax returns for Sales/use, Commercial activity and income tax and workers compensation insurance payroll reports. Show less
-
-
-
UniFirst Corporation
-
United States
-
Textile Manufacturing
-
700 & Above Employee
-
Financial Analyst
-
Jun 2009 - Jul 2010
UniFirst, a leading supplier of uniforms, workwear and related products to businesses big and small since 1936, provides a wide range of apparel from traditional uniforms, industrial wear, specialty and protective clothing to corporate casual and executive attire. We also offer floorcare and restroom services products, including a range of mats, mops, soaps, air fresheners, and paper items. Serving Customers throughout the United States and Canada, UniFirst puts more than 1 million people in work apparel each business day and offers rental, lease, and purchase programs at the very best value. Responsibilities: •Prepare journal entries, account reconciliations, accruals and monthly close according to GAAP. Perform bookkeeping, general ledger account analysis and cash flow worksheets using Oracle and Peoplesoft. •Prepare monthly labor utilization forecast reports and project account analysis in excel using pivot tables, filters, v-lookups & macros, forecasting funding shortages. •Sales/use tax reporting & research, business license filing and fixed asset tax analysis. •Compile commission and royalty calculations for software and other bundled products. Show less
-
-
-
Levine, Katz, Nannis + Solomon, PC
-
Accounting
-
1 - 100 Employee
-
Senior Accountant
-
Sep 2008 - May 2009
LKNS provides financial management and tax advice to entrepreneurial firms at all levels of the growth curve, and their principals. In addition we work with small businesses, that obtain their R&D funding from the government. An additional niche is that we provide financial, tax and practice management to the medical community. Responsibilities: •Review/prepare all balance sheet and income statement accounts for financial statements and tax returns. •Prepared journal entries and accruals for year-end and month-end adjustments according to GAAP •Preparation and review of corporate and individual tax returns and discuss with clients tax issues. •Responsible for audit of cash, A/R, Fixed Assets, A/P and all testing (A/P, A/R, payroll, labor time). •Preparation of financial statements and perform analytical review procedures. Show less
-
-
-
Darmody, Merlino & Co.
-
United States
-
Accounting
-
1 - 100 Employee
-
Staff Accountant
-
Nov 2007 - Aug 2008
Darmody Merlino & Co provides financial management and tax advice to entrepreneurial firms at all levels of the growth curve, and their principals. An additional niche is that we provide financial, tax and practice management to the construction industry. Darmody Merlino & Co provides financial management and tax advice to entrepreneurial firms at all levels of the growth curve, and their principals. An additional niche is that we provide financial, tax and practice management to the construction industry.
-
-
Education
-
2004 - 2006
Suffolk University
MBA, Accounting & Finance -
1996 - 2000
University of Massachusetts Lowell
BSBA, Finance/Accounting
Community
