Financial Analyst II

Job Description

Job Description

Title: Financial Analyst II

Payrate: $75,000 - $85,000/year

Location: Portsmouth, VA

Type: Full-Time

Summary:

This role involves monitoring project financial performance by using earned value management (EVM), assisting in the preparation of budgets and forecasts, and collaborating with operational teams to implement cost management strategies. The ideal candidate has worked in the Ship Building industry and enjoys operating in an extremely fast-paced environment. This position is located Portsmouth, VA office.

Duties and Responsibilities:

• Produces the monthly reporting package and briefs their group General Management after the accounting department has finished its financial close.
• Reviews and manages the revenue recognition for their group and takes steps to correct any revenue that is either over or understated at the month end close process. This may include cost transfers, at risk processing or suggesting project setup remedies.
• Reviews the flash reporting that summarizes the revenue recognized in the prior week in order to close the month end in a more efficient manner. Reviews will be done on a weekly basis.
• Creates and changes project setups as needed on a daily basis.
• Attends project setup meetings to help determine how new contracts should be setup within Costpoint.
• Works with the Financial Analysis Manager & Director of Finance to generate the Annual Operating Plan (AOP) and quarterly forecasting (FI, FII).
• Tracks actual results against the AOP and forecast. Investigates any significant variances and explains to management. Assists in the preparation of update(s) to the plan using actuals and projecting year end and two years into the future on a quarterly basis.
• Calculates contract de-obligation for submission to PMs and contracts department.
• Prepares and distributes weekly progress status reports to Project Managers.
• Tracks revenue, negative fees, indirect labor, unpaid invoices, and unallowable costs on a weekly basis.
• Prepares Quarterly Estimated Actual Costs reports.
• Reviews, approves, and assists in the preparation of customer invoices.
• Prepares and inputs transfers to correct erroneous charging.
• Reviews and approves employee expense and timesheet submittals.
• Maintains and updates contract workforces, including WD contracts.
• Prepares roster with employee information used for quotes.
• Customizes Business Intelligence reports upon request.
• Reviews contracts and modifications for financial accuracy.
• Assist in implementing proper internal controls to support the organizations growth.
• Other duties as assigned.

Required Qualifications:

• Bachelors degree in finance, accounting or similar field.
• 5+ years financial analysis experience.
• Understanding of EVM principles, cost forecasting, and budgeting in high-stakes, fast-moving environments.
• The role requires agility, quick decision-making, and the ability to manage multiple projects simultaneously.
• Must be proficient in CostPoint or other large ERP Systems
• Must have advanced knowledge of Excel.
• Possess strong analytical skills and understanding of financial concepts to support our financial planning and analysis activities.
• Able to work in a culture of collaboration, accountability, and continuous improvement.
• Possess excellent organizational skills and be detail oriented.
• Must be able to speak, write, understand and communicate in English.

Preferred Qualifications:

• Ability to obtain and maintain a DoD Secret Clearance.

ADA Notations:

• Position requires the ability to hear and communicate clearly, orally and in writing.
• Uses vision to view screens, create and review documents; requires close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.
• Capable of using a keyboard effectively.
• Frequently required to sit for long periods of time, stand, walk and may occasionally lift and move at least 25 pounds.
• Office environment. Must be able to work in a busy, fast-paced environment.

TCWGlobal is an equal opportunity employer. We do not discriminate based on age, ethnicity, gender, nationality, religious belief, or sexual orientation.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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