Project Finance Analyst II

Category

Accounting and Finance

Job Type

Full-time

Typical Pay/Range

$70,000 to $80,000 Annually

Education

Bachelor's Degree

Travel

None

Security Clearance Required

None

Afognak Native Corp has an opportunity for aProject Finance Analyst II (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 moderately-sized Federal fixed-price, cost-plus and time & material contracts and task orders as assigned.

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 II 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 II will work in both virtual and office team environments.

• Planning and Project Setup
  :
  The PFA II is required to:
  • Forecast the planned costs throughout a period of performance. If variances appear between planned and actual costs, the PFA II will:
    • Communicate the issues to Operations.
    • 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).
• Estimating
  :
  The PFA II may be required to provide cost estimates for Task Orders, Option Periods, Travel, and/or ODCs for submittal to the end user customer.
• Tracking
  :
  The PFAI will be required to:
  • Create and maintain, at a minimum, the following records:
    • Monthly costs incurred.
    • Forecast costs throughout the entire period of performance.
    • Allowable labor / ODC categories.
    • Funding records.
    • Self-performance percentages.
    • Subcontractor Blanket Purchase Orders
  • Additionally, the PFA II will utilize knowledge of Deltek CostPoint to update automated systems with project information such as:
    • Contract values and contract funding levels.
    • Period of performance.
    • Line of business.
    • Project labor categories.
    • Other Project related data.
• Analysis
  :
  The PFA II is required to provide analysis of assigned projects and/or task orders. In so doing, the PFA II:
  • Utilizes knowledge and training to analyze contracts to determine appropriate revenue recognition related to generally accepted accounting principles.
  • Processes and analyzes revenue and margins monthly.
  • Reviews and posts timely and accurate project monthly revenue recognition procedures, in accordance with GAAP.
  • Works with Operations regarding cost analysis requests and provides feedback and suggestions.
    • Funding availability
    • Allowance of costs
  • Prepares and processes billing for assigned projects.
    • Analyzes Open Billing Detail reports.
    • Determines if costs are billable / allowable.
    • Identifies financial discrepancies.
  • Reviews monthly Project Status Reports.
    • Compares reports to project proposals and notes any variances.
    • Determines corrective action required to correct accounting system errors related to accounting system project information.
  • Provides analysis findings to Operations.
  • Reviews subcontractor/vendor invoices and accepts or rejects.
  • Tracks and monitors projects in anticipation of de-obligation of funds requests.
  • Reviews and prepares month-end…