Finance Manager

Parsons Corporation•Centreville, VA

About The Position

Parsons is looking for an amazingly talented Finance Manager to join our team! In this role you will serve as a senior member of the Program Leadership Team and is responsible for the comprehensive financial management, contract compliance, and business operations oversight of a large, complex firm fixed price federal program This role ensures disciplined financial stewardship, regulatory compliance, operational rigor, and proactive business partnership to support program execution, profitability, and long-term growth. The Finance Manager acts as the primary financial advisor to the Program Manager and provides strategic financial insight to sector and corporate leadership.

Requirements

Bachelor’s degree in Finance, Accounting, Business Administration, or related discipline; Master’s degree preferred.
Minimum of 10 years of progressive experience in program finance, government contracting, or business operations supporting large federal programs.
Demonstrated experience managing complex government contracts, including Firm-Fixed-Price (FFP), Cost-Plus, and multi-site contracts.
Strong working knowledge of government acquisition regulations, cost accounting standards, revenue recognition, and contract management principles.
Proven experience leading EAC development, financial forecasting, variance analysis, and program financial reviews.
Experience supporting DCAA/DCMA audits and regulatory compliance activities.
Proficiency with government contracting financial systems (e.g., Costpoint, Cobra, ProPricer, or similar ERP/EVMS tools).
U.S. Citizenship required.
Ability to obtain and maintain required DHS suitability determination and federal background clearance.

Nice To Haves

Experience supporting large-scale federal or DHS programs.
Experience leading financial management during program transitions from proposal to execution.
Experience operating within an Earned Value Management System (EVMS) environment.
Professional certifications such as PMP, CPA, CMA, or equivalent.
Demonstrated leadership experience managing finance staff or cross-functional teams.

Responsibilities

Financial Planning & Analysis Lead all program-level financial planning activities, including annual operating plans, rolling forecasts, long-range strategic plans, and monthly outlook updates.
Develop and maintain the program performance baseline (revenue, cost, margin, and cash flow) in coordination with program and functional leadership.
Prepare, analyze, and present monthly financial results, including revenue recognition, margin performance, and variance analysis.
Drive Estimate-at-Completion (EAC) development, validation, and governance processes; ensure EAC integrity and transparency.
Cost Management & Performance Monitoring Monitor program cost performance, labor utilization, subcontractor performance, and indirect rate impacts.
Conduct detailed variance analysis (cost, schedule, funding, and margin) and provide actionable insights and corrective action recommendations.
Ensure appropriate revenue recognition methodologies consistent with contract type and accounting policies.
Oversee funding status, burn rate analysis, backlog tracking, and contract ceiling management.
Contract Compliance & Regulatory Oversight Ensure compliance with company policies and federal regulatory requirements, including FAR, DFARS, and CAS.
Support internal and external audits (e.g., DCAA, DCMA), including data preparation and corrective action responses.
Partner with Contracts and Procurement to ensure alignment between contractual scope, funding, modifications, and financial execution.
Monitor adherence to contract terms, billing provisions, and allowable cost principles.
Subcontract & Vendor Financial Oversight Oversee subcontract financial management, including funding authorization, invoice review and approval, burn rate monitoring, and subcontract EAC integration.
Ensure subcontractor financial performance aligns with program budgets and contract requirements.
Cash Flow & Working Capital Management Monitor program cash flow, accounts receivable, unbilled receivables, and billing cycles.
Partner with billing and accounting to ensure timely invoicing, collections, and resolution of payment issues.
Provide cash flow projections and working capital analysis to support corporate financial planning.
Workforce & Resource Planning Support workforce planning and labor strategy, ensuring alignment between staffing plans, labor categories, and contractual requirements.
Analyze labor mix, utilization, and productivity metrics to optimize program margin performance.
Process Improvement & Internal Controls Establish and maintain robust financial controls and business processes to ensure accuracy, transparency, and compliance.
Identify and implement process improvements to enhance forecasting accuracy, reporting efficiency, and operational effectiveness.
Ensure appropriate segregation of duties and internal control adherence within program financial operations.
Strategic & Growth Support Provide financial input to change requests, contract modifications, and scope adjustments.
Support pricing strategy and proposal development efforts as required.
Contribute to program strategy discussions, risk assessments, and long-range planning initiatives.
Participate in transition planning from proposal through execution to ensure financial continuity.