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- Review new project orders and ensure all approvals have been received before entering/setting up the order in system (SAP)
- Understand key contractual terms of the projects (i.e. warranty terms, invoicing requirements, liquidated damages, bond requirements, etc.)
- Ensure SOX compliance of all projects related controls
- Assist project managers with updating project information, including project cost and change order claims, project schedule changes, and milestone updates to ensure the project data is kept accurate and up to date in SAP
- Understand the practice of percentage of completion and completed contract accounting
- Update and distribute project review reports and coordinate/participate in monthly review meetings
- Develop close working relationship with project managers; educate and provide financial guidance as necessary; drive compliance by ensuring project cost estimates are updated timely
- Assist project managers with analyzing the costs and variances on their projects
- Work with project managers to develop quarterly sales and gross margin forecasts (followed by monthly updates); help ensure those commitments are met
- Work with project managers to prepare variance analyses
- Assist project managers with the preparation of risk registers (outlines the driver for contingencies)
- Monitor Revenue in Excess of Billings and Completed Contract WIP balance sheet accounts to ensure projects are being invoiced in a timely manner
- Monitor past due accounts receivable and work with project managers to resolve project issues that may be holding up payments, contact customers as necessary
- Assist with internal/external audit requests
- Continuously drive process improvements
- Understand ASC 606 revenue recognition rules and ensure compliance
- Help develop reports to track and measure key metrics as established by the business segment
- Understand the cost flow at the various supporting factories to ensure forecasting is accurate and to help drive results
- 3 - 5 years of financial/cost analysis experience
- Project control experience
- Understanding of revenue recognition and rules with ACA 606 and SOX
- Bachelor's degree required; must have fundamental accounting/financial knowledge
- Knowledge of ERP systems required; SAP experience preferred
- Strong Excel skills required
- Excellent oral and written communication skills
- Strong problem solving, quality assurance, and interpersonal skills
- Ability to work well under pressure in a dynamic team environment
- Detail-oriented and self-motivated with a high degree of accuracy and quality in work
Senior Cost Analyst - Pittsburgh, United States - Corps Team
Description
Our client, a water technology provider, is seeking a Senior Project Cost Analyst for a 6+ month contract-to-hire role located in northern Pittsburgh, PA.
This role will be hybrid once training is complete and candidates must live in the local Pittsburgh area.
Summary
Responsible for providing support for the custom project business and will be required to perform complex duties assisting the project managers and ensuring revenue recognition is in compliance. Work closely with PM groups different PMs) across a portfolio of 50-75 projects.
Responsibilities