This report describes the conceptual design of an advanced materials-management system for safeguarding special nuclear materials in a uranium--plutonium nitrate-to-oxide coconversion facility based on the Coprecal process. Design concepts are presented for near real-time (dynamic) accountability by forming dynamic materials balances from information provided by chemical and nondestructive analyses and from process-control instrumentation. Modeling and simulation techniques are used to compare the sensitivities of proposed dynamic materials accounting strategies to both abrupt and protracted diversion. The safeguards implications of coconversion as well as some unique features of the reference process are discussed and design criteria are identified to improve the safeguardability of the Coprecal coconversion process.