Financial Analyst III

KMS Solutions, LLC • Newport, RI

17h • Hybrid

About The Position

This Financial Analyst III plays a critical role in analyzing financial data, preparing reports, and providing insights to support strategic decision-making. This position demands a high level of expertise in financial analysis, budgeting, forecasting, and compliance.

Requirements

• Bachelor's degree in Finance, Accounting, or related field.
• 5-7+ years of progressive experience in financial analysis, preferably in a government contracting environment.
• Advanced analytical skills with the ability to interpret complex financial data and trends.
• Must Demonstrate expert proficiency in financial modeling, budgeting, and forecasting techniques.
• Strong understanding of government contracting regulations (FAR, DFAR, CAS) and experience with government audits and compliance requirements.
• Experience with financial systems/software (e.g., Deltek Costpoint, SAP Concur, IBM Cognos) and advanced proficiency in Microsoft Excel.

Nice To Haves

• Master's degree in Finance, Accounting, or related field.
• Experience in a government contracting environment.
• Experience with financial modeling tools (Power BI) is preferred.

Responsibilities

• Financial Analysis: Conducting thorough financial analysis to assess the profitability of government contracts. This involves reviewing financial data, forecasting expenses, and analyzing risks and opportunities associated with each contract.
• Budgeting and Forecasting: Developing, monitoring, and managing project budgets for government contracts. This includes updating detailed budget plans, tracking expenses, and forecasting financial performance throughout the duration of the contract.
• Cost Estimation: Estimating the costs associated with fulfilling government contracts, including labor, materials, subcontractor costs, indirect costs and other expenses. This requires a strong understanding of cost build-up and factors that may impact costs over time.
• Compliance: Ensuring compliance with government regulations and contract requirements throughout the entire contracting process. This involves staying up to date on relevant laws and regulations, as well as monitoring contract performance to ensure adherence to contractual terms.
• Financial Reporting: Preparing and presenting financial reports and analyses to the Director of Finance, Government POCs, Program Managers, and Executive Leadership. These reports may include budget variance analysis, financial forecasts, and other key metrics to assess contract performance.
• Risk Management: Identifying and mitigating financial risks associated with government contracts. This includes assessing potential risks such as cost overruns, delays, or changes in scope, and developing strategies to minimize their impact on contract performance and profitability.
• Financial Modeling: Developing new financial models and tools to evaluate different scenarios and potential outcomes for government contracts. This may involve sensitivity analysis, scenario planning, and other techniques to assess the financial implications of various decisions.
• Invoice Verification: Reviewing subcontractor invoices for accuracy and compliance with contractual terms before approval for payment. Financial analysts verify that invoices reflect the agreed-upon pricing and have not exceeded funded and ceiling values.
• Invoicing: Prepare, review and submit monthly invoices with accuracy and consistency. Analysts will research any discrepancies and make corrections as necessary.
• Change Order Management: Review contract awards and modifications for accuracy. Prepare task order modifications for subcontractor change orders. Financial analysts work with project managers and subcontractors to evaluate proposed changes, determine funding requirements, and ensure proper documentation and approval processes are followed.
• Dispute Resolution: Resolving financial disputes or discrepancies with subcontractors in a timely and fair manner. Financial analysts may collaborate with project managers or KMS Contracts Department to address issues such as billing discrepancies, scope changes, or performance disputes.
• Audit Support: Assisting with financial audits and reviews related to government contracts, bank and DCAA audits. This includes providing documentation, responding to auditor inquiries, and ensuring compliance with audit requirements and standards.
• Continuous Improvement: Identifying opportunities for process improvements and efficiencies within the financial analyst role. This may involve implementing new tools or technologies, streamlining processes, and providing training to team members to enhance overall effectiveness and performance.
• Performs all routine responsibilities with little to no required guidance and oversight from supervisor.

Benefits

• KMS offers a competitive benefits packaging including medical, dental and vision insurances, flexible spending account, PTO, paid holidays, military leave, bereavement leave, 401k / retirement savings plan, professional development and tuition reimbursement, basic and voluntary life insurance / AD&D, short-term and long-term disability, voluntary AFLAC supplemental insurance products and employee assistance plan (EAP) program. Additionally, KMS offers employee referral bonuses and a discretionary annual bonus.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level