Project Financial Analyst

Babcock Poweris an Equal Opportunity Employer (M/F/D/V).

The Financial Analyst is a key member of the Finance Team and works directly with the Project Managers, under supervision of Financial Planning & Analysis Manager, to help support the project’s goals and objectives; maintain project budgets, analyze progress reported against budgets, and recommend and take action to improve progress. This individual will monitor and analyze the financial plan on assigned contracts to ensure that the Project Team and Management are informed as to status and issues which can positively or negatively impact the overall revenue and margin plans and will support the Finance Department with business planning and forecasting of results.

• Prepare, analyze, and review the currently financial reports/analysis of projects including monthly Project Status Reports, Cost and Revenue Forecasts, Budget Variance Reporting, Ad-Hoc Analysis, etc.
• Investigating Budget Variances and working with the Project Team identify the root cause, any lessons learned, and then recommend possible corrective actions.
• Interface with Divisional Managers to review monthly business results and support the annual and quarterly forecast updates for Project, Resource and Overhead planning.
• Work with project team and accounting team to enhance the month-end process and to ensure changes to Work Scope are identified and documented.
• Assist with invoicing, tracking of progress billing and preparing various Month-end reports.
• Review current workflow and reports and help lead/drive process improvement and automation to completion.

• Bachelor’sDegree (B.A. or B.S.), discipline in Finance/Accounting.
• 2-3 Years of relevant work experiences, current work experiences/Project based experience/Manufacturing or Engineering fields preferred.
• Intermediate knowledge financial and cost accounting including Project Costing, Inventory, Work in Progress and Percent Complete Revenue Recognition, etc.
• Excellent communication and interpersonal skills, both written and oral.
• Strong organizational skills and the ability to manage multiple tasks and prioritize the departments deadlines.
• Capable of using ERP system and various other database formats and running ad-hoc queries/reports.
• Advanced knowledge of Excel to create project specific worksheets for analysis of trends, problems, and forecasts.