Financial Analyst III

Parexel•Raleigh, NC

About The Position

At Parexel, we are a leading Clinical Research Organization company specializing in delivering life-changing medicines to patients. We are seeking a Financial Analyst III to establish themselves as a “co-pilot”, along with the Project Leader (PL), in steering a set of projects to their targeted financial goals (e.g. revenue, profitability, cash flow, etc.). The main success factors of this role include strong business acumen, strong grasp of project operations and their implications for financial performance, and strong technical, analytical, and consulting skills.

Requirements

5+ years’ experience as a project financial analyst required.
Proficient with Excel and PowerPoint applications; experience with financial performance systems.
Passion to succeed, demonstrated problem solving skills, and professionalism.
Bachelor’s Degree and/or equivalent experience required in Finance/Accounting.

Nice To Haves

An understanding of the fundamentals of CRO industry and how Finance's role influences in the organization is a plus.

Responsibilities

Create accurate, transparent, and timely financial analysis to support project leadership in project decision making process; clearly articulate financial implications of business decisions and provide retrospective analysis as well as drive forward looking actions on simpler projects / contract types.
Facilitate the monthly revenue cycle and support project analysis requirements, including a review of units, forecast, unit prices, and revenue recognition.
Complete all required variance analyses for the set of projects, with insight.
Identify risks in the project forecast and opportunities to improve revenue outlook. Communicate, document, and manage these on an ongoing message.
Understand alternative finance scenarios within a project with a degree of technical knowledge and business acumen.
Provide updates on financial status for assigned projects and create information in response to any client financial reporting needs for assigned projects in the area of project reporting, forecasting, or transactional details for the projects within the portfolio.
Actively monitor the balance sheet positions of projects within the portfolio. Initiate action as needed with project teams to keep balances current, improving DSO and cash flow.