What are the responsibilities and job description for the Project Financial Analyst position at Power Systems Mfg., LLC?
POSITION: Project Financial Analyst
LOCATION: Jupiter, FL.
STATUS: Salary Exempt
JOB SUMMARY
ESSENTIAL DUTIES AND RESPONSIBILITIES
The essential functions of the job include, but are not limited to, the following:
- Control and have at all times full knowledge of all financial movements within the project scope, ensuring they are correctly and accurately reported. Reconcile the onshore or offshore project results both within the project accounts and with respect to balance sheet positions related to the project.
- Support project management by providing accurate forecasts to complete, as well as providing options to reduce the overall cost base
- Providing financial advice for project management in areas such as: Tax; Insurances; Hedging for FX risks; relevant financial and internal control rules; establishment of on-shore project; etc.
- Manage the billing and collections process associated with assigned projects
- Monitor project financial milestones both internally and to the customer for on time invoicing and revenue recognition
- Prepare quarterly financial project reviews for global business management; Request financial inputs from supporting centers and consolidate global project financials; Interact and communicate results with global project management team to ensure a thorough and comprehensive project review is achieved, including support of the local onshore units and full reporting of project claims and opportunities
- Support business finance function in terms of reporting of Actual v Forecast performance (both PSM and on-shore unit scope), real-time updates during the month, preparation of monthly forecast details, and preparation of budget figures in conjunction with project manager
- Manage project in business systems: accurate recording in SAP, issuance of invoices, maintain project in Project Accounting Tool
- Support offer/tender team to draw up correct pricing/costing calculations, establishment of revenue and invoicing milestones, handover from tendering to execution teams
- Manage all bonds and other guarantees associated to the projects
- Ensure that all project activities follow the implemented process and Delegation of Authority
- Contribute to process improvement initiatives and special projects
- Other duties, as assigned
MINIMUM REQUIREMENTS
Education & Training
- Bachelor’s Degree or higher in either Accounting or Finance
- Must complete EHS assigned regulatory training for work area as described by PSM’s EHS Training Matrix
Skills/Experience
- 5 years of experience of project accounting / controlling
- Experience with long term contract accounting
- Strong verbal and written communication skills
- Ability to work cooperatively across functions
- Commercial awareness, and proven ability to work with sales / tender teams
- Financial instrument knowledge (hedges, bonds, LD’s, etc)
- Proficiency in MS Office (Word, Excel, PowerPoint)
- SAP or ERP finance modules knowledge a plus
- Fluency in written and spoken English a requirement
- Strong team player with a proactive attitude
- Adaptable and reliable individual with a precise and accurate working style
- Strong communication skills
- Analytical and problem-solving
Equal Opportunity Employer Veterans/Disabled