Project Finance Analyst III

afognak•Huntsville, AL

1d•Hybrid

About The Position

Afognak Native Corp has an opportunity for a Project Finance Analyst III (PFA III). The PFA III is responsible for executing business processes related to accounting, planning, estimating, tracking, analysis, budgeting, and reporting throughout the life cycle of a portfolio of complex Federal fixed-price, cost-plus, time & material, and hybrid contracts and task orders as assigned as well as mentor lower tier analysts. Duties include: Utilizing government contracting and accounting knowledge to complete reviews and analysis of government contracts. Setting up projects in the accounting system using contract documents Coordinating with project team to produce financial deliverables for both internal and external use. Processing revenue recognition and subcontract accruals for assigned projects. Providing cost and schedule updates. Performing Estimates at Completion (EACs) for management analysis. The PFA III interacts with and provides direct support to management and other project team members and advises project management on financial matters related to the execution of contracts and task orders. Specific assignment will include monitoring project cost in conjunction with schedule performance and performing related analyses. The employee also provides input for management review presentations and participates in proposal preparation, interfaces with members of Corporate Finance and Accounting, Contracts, Pricing, and Procurement consultants, and subsidiary management at all levels. The PFA III will work in both virtual and office team environments.

Requirements

Minimum of 6 Years in Project Accounting and Control or Related Accounting Field
Demonstrated knowledge of general accepted accounting practices (GAAP)
Comprehensive understanding of multiple contract types: FFP, FPLOE, T&M and hybrid contracts.
Government contract accounting experience preferred.
Bachelor’s degree in business administration, program management, accounting, or an appropriate related discipline (additional experience may be substituted in lieu of a degree).
Experience with Microsoft Office Suites, particularly Excel, as well as other database software is required.
Experience with Deltek CostPoint preferred.
Strong analytical and problem-solving skills.
Good communication skills that include communicating with tact and diplomacy.
Proven ability to work as a team player.
Proven ability to meet deadlines and handle stressful situations.
Ability to work independently and be self-motivated and proactive.
Must be able to obtain a federal security clearance

Nice To Haves

Government contract accounting experience
Experience with Deltek CostPoint

Responsibilities

Forecast the planned costs throughout a period of performance.
Communicate issues to Operations if variances appear between planned and actual costs.
Provide cause explanations and advise on corrective actions.
Determine appropriate project setup related to assigned contract based on their type and structure including proper billing and revenue terms.
Ensure that project set-ups and modifications are accurately entered in Deltek CostPoint (ERP).
Provide cost estimates for Task Orders, Option Periods, Travel, and/or ODCs for submittal to the end user customer.
Create and maintain monthly costs incurred, forecast costs throughout the entire period of performance, allowable labor / ODC categories, funding records, self-performance percentages, and subcontractor blanket purchase orders.
Utilize knowledge of Deltek CostPoint to update automated systems with contract values, contract funding levels, period of performance, line of business, project labor categories, and other project related data.
Analyze contracts to determine appropriate revenue recognition related to generally accepted accounting principles.
Process and analyze revenue and margins monthly.
Review and post timely and accurate project monthly revenue recognition procedures, in accordance with GAAP.
Work with Operations regarding cost analysis requests and provides feedback and suggestions.
Prepare and process billing for assigned projects.
Analyze Open Billing Detail reports.
Determine if costs are billable / allowable.
Identify financial discrepancies.
Review monthly Project Status Reports.
Compare reports to project proposals and note any variances.
Determine corrective action required to correct accounting system errors related to accounting system project information.
Provide analysis findings to Operations.
Review subcontractor/vendor invoices and accept or reject.
Track and monitor projects in anticipation of de-obligation of funds requests.
Review and prepare month-end journal entries related to subcontracts and ODC accruals and analyze results after posting.
Prepare, analyze, and/or review project costs and variance reporting for assigned projects.
Assist, support and troubleshoot Accounts Payable, Billing, Payroll and Procurement project/account errors.
Reconcile unbilled PSR/GL monthly and communicate discrepancies to management.
Review all direct project purchase card statements in Concur after cardholders have reconciled and before Supervisor approval to ensure proper coding and adequate supporting receipts and documentation are provided.
Create, maintain, and update Wage Determination Tables (required for projects with employees working multiple PLCs with varying pay rates).
Effectively communicate financial results with project managers (PM) and other stakeholders regarding contract documentation, financial results, and ensures senior leadership are aware of risks and opportunities identified during project financial tracking, revenue recognition review, Accounts Receivable, WIP, etc.
Participate in monthly meetings with Operations to review project financial performance, provide records of the financial health of the project(s).
Create and maintain Estimates at Completion for inclusion in revenue recognition.
Create and maintain subcontractor / vendor accruals for inclusion in revenue recognition.
Maintain project files on SharePoint including: Contracts, subcontracts, proposals, budgets, revenue & plans, schedules, project review materials, reports, deliverables, invoices, leases, and agreements.
Create calendar year project budget based on trends / backlog value and coordinate the budget with the Project Management Team.
Submit the PM approved budget to the Director of Budgeting for inclusion into the annual corporate budget.
Analyze all direct project costs/fee/revenue data; monitor project budgets and progress; and share results with Program Managers to ensure projects achieve financial expectations.
Respond to a wide variety of customer requirements and requests.
Interact with other departments, such as Contracts, Project Management, and Business Unit Leads regarding project related issues.
Provide input for contract required Contract Data Requirements Lists (CDRLs).
Work with operations on completing required reports and other deliverables for submittal.
Attend project/program reviews with end user customers and provide explanations of financial data.
Coordinate the accurate set-up of new projects, to include the appropriate project code designations, project labor categories, account codes, periods of performance.
Provide explanations regarding revenue variances from month to month.
Provide required documentation to initiate labor corrections / accounts payable reclassifications.
Communicate with Accounts Payable to ensure that subcontractors / vendors are paid timely.
Review of TERs for accuracy prior to submittal to Accounts Payable for payment.
Review contracts / task orders / modifications for accuracy and communicate any necessary changes.
Request financial / administrative modifications as required.
Notify the contract manager when the project option period / task order will reach 75% expended per FAR 52.232-22.
Process Purchase Requisitions for new projects / modification changes.
Review Purchase Orders for accuracy and communicate necessary changes.
Provide past performance information to the Bid & Proposal department.
Coordinate with HR for new project / new employee set-up (as needed).
Provide operations management information on under-performing projects with variance explanations and corrective action suggestions.
Provide senior leadership with guidance on process improvements.
Perform other duties as assigned.