Project Financial Analyst

Power Systems Mfg., LLC•Jupiter, FL

4d•Onsite

About The Position

The Project Financial Analyst will control and have full knowledge of all financial movements within the project scope, ensuring they are correctly and accurately reported. This role supports project management by providing accurate forecasts to complete and options to reduce the overall cost base. The analyst will also provide financial advice on tax, insurances, FX risks, and internal control rules, manage the billing and collections process, and monitor financial milestones for timely invoicing and revenue recognition. Additionally, the role involves preparing quarterly financial project reviews, supporting business finance reporting, managing projects in business systems like SAP, and assisting the offer/tender team with pricing and costing calculations. The analyst will also manage project bonds and guarantees, ensure adherence to processes and delegation of authority, and contribute to process improvement initiatives.

Requirements

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
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)
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

Nice To Haves

SAP or ERP finance modules knowledge a plus

Responsibilities

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.
Provide 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