DescriptionReporting to Manager Program Finance, the Financial Analyst II plays an integral role in supporting the project team on understanding the project financials through financial analysis, forecasting the project profit and loss, variance analysis, financial impacts of contract terms and conditions, and other value-added analytics. Providing recommendations through clear communication and explanation of results is critical to this position. Leveraging a strong project accounting and compliance background, the Financial Analyst II will explore historical financial data, predict future results, and drive process and policy improvements.
The Financial Analyst II must have a strong knowledge of project accounting, contract terms and conditions understanding, experience in an operational environment and the ability to find opportunities to maximize project profitability and cash flow. Strong attention to detail and excellent interpersonal skills are critical. Process improvement and strong analytical skills will also be an important aspect to the role.
Note: This position qualifies for an optional hybrid work schedule after 90 days of onsite work and onboarding. Employee will be subject to the terms of the Flexible Work Policy Agreement.
What you'll do
- Works as a business partner with operations to ensure project financials are a useful tool for the team to make business decisions accordingly.
- Works with the project team to create, maintain and present an accurate Estimate to Complete (EAC) while understanding the financial impacts of all project activity through reviews and discussions with the project team.
- Reviews and understands the terms and conditions of contracts and applies the knowledge to the project financials including the change order process, billing process and the operational instances which impact the profit and loss of a project.
- Reviews and analyzes project variances between forecast and actuals and provides explanations for a broader audience
- Delivers a project revenue forecast in accordance with policies and working with the project team to develop accurate forecasts.
- Create and maintain an accurate cash forecast for projects and analyzing variances to actuals with explanations to a broader audience.
- Develops, maintains, and distributes ad-hoc reports and financial models as needed.
- Drives process improvement and policy development initiatives that impact the function.
- Attend and add value to project review meetings with the project teams by communicating financial impacts of current operations and forecasted costs.
- Implement and maintain sound internal controls for the projects including revenue recognition and reporting of profit and loss.
- Develops and/or maintains detailed process and proce