Senior Project Finance Analyst

Regal Rexnord

3d•Remote

About The Position

The Senior Project Finance Analyst is responsible for the financial management and performance of a portfolio of projects within Regal Rexnord’s Power Management Systems division. The role partners with Project Managers, Operations, Commercial, Supply Chain, and Finance leadership to support financial execution across the project lifecycle. As a financial business partner to project teams, the analyst provides insight, challenges assumptions, identifies risks and opportunities, and supports informed business decisions. The position owns project financial performance, including revenue, margin, costs, cash flow, billing, and balance sheet activities. It also manages project forecasts and close activities, supports accurate financial reporting and revenue recognition, monitors billing and working capital, and contributes to audits, internal controls, process improvement, and finance transformation initiatives. The role can be performed remotely from an approved location, with flexibility based on business needs and applicable requirements.

Requirements

Bachelor’s degree in Finance, Accounting, Business, or a related discipline.
Minimum 3–5 years of progressive experience in finance, accounting, project finance, FP&A, or controllership.
Strong financial and analytical skills, including the ability to understand and explain business performance.
Strong understanding of financial statements, including P&L and balance sheet.
Experience with forecasting, budgeting, variance analysis, and financial reporting.
Strong problem-solving skills and ability to independently identify and resolve issues while managing multiple priorities and projects simultaneously.

Nice To Haves

Experience working with project-based businesses, manufacturing, industrial, engineering, or similar environments.
Experience in project finance, project accounting, or project controlling.
Experience with project-based revenue recognition and accounting.
Experience working directly with Project Managers, Operations, Commercial, and Engineering teams.
Experience with SAP, including project-related financial modules.
Power BI knowledge.

Responsibilities

Own financial management of an assigned portfolio of projects from setup through completion and closeout.
Manage project P&L and balance sheet performance, including revenue, gross margin, costs, reserves, working capital, and cash flow.
Monitor project financial indicators and provide timely visibility to project leadership and Finance management.
Partner with Project Managers to understand performance, challenge assumptions, and identify actions needed to achieve financial commitments.
Analyze actual results against budget, forecast, and prior expectations; investigate significant variances and drive corrective actions.
Maintain timely project forecasts, including cost-to-complete and estimate-at-completion updates.
Identify, quantify, and monitor project risks and opportunities and their potential impact on revenue, margin, cash flow, and completion.
Ensure risks and opportunities are reflected appropriately in forecasts and financial reporting.
Provide financial analysis and recommendations to support project decisions and business priorities.
Manage financial close activities for assigned projects in accordance with company policies and applicable accounting standards.
Ensure accuracy and completeness of project results, including revenue recognition, costs, accruals, reserves, and balance sheet accounts.
Prepare and communicate financial reporting and analysis for project and business reviews.
Monitor project billing and ensure invoices are accurate and comply with contractual requirements.
Partner with Project Management, Commercial, Accounts Receivable, and customers to resolve billing issues and support timely cash collection.
Monitor working capital and identify opportunities to improve cash flow.
Act as a finance partner to Project Management and Operations, translating financial information into business insights and actionable recommendations.
Identify opportunities to improve financial visibility, controls, efficiency, and decision-making; participate in finance transformation and continuous improvement initiatives.
Support implementation and effective use of financial systems, tools, and reporting processes.
Support internal and external audits by providing project financial documentation and explanations.
Ensure compliance with company policies, internal controls, and applicable accounting requirements; identify control weaknesses and support corrective actions.