Project Financial Analyst

The Project Financial Analyst plays a critical role in supporting the financial health and profitability of construction projects for a subcontractor. This position involves detailed cost tracking, budget monitoring, forecasting, and reporting to ensure projects stay on budget; variances are identified early, and accurate financial insights are provided to project managers, estimators, and leadership. The role requires strong analytical skills, collaboration with construction teams, and familiarity with construction-specific financial practices such as job costing, change orders, retainage, and progress billing impacts.

• Assist in the development and refinement of project budgets, cost forecasts, and financial plans in coordination with estimators, project managers, and construction leads during bidding, pre-construction, and active execution phases.
• Monitor actual project expenditures (labor, materials, equipment, subcontractors) against budgeted amounts; track and analyze cost variances on a weekly basis, providing detailed explanations and working with project teams to implement mitigation plans for potential overruns.
• Prepare and maintain regular project financial reports, including cost-to-complete forecasts, earned value analyses, job profitability summaries, variance reports, cash flow projections, and other key metrics for internal leadership and project stakeholders.
• Collaborate closely with project managers, superintendents, foremen, and field teams to gather real‑time cost and progress data, understand cost drivers, validate work completion, and ensure accurate financial tracking.
• Support the review and validation of incoming subcontractor/vendor invoices and outgoing billings to general contractors/owners, ensuring alignment with contract terms, approved change orders, retainage schedules, and budgeted costs.
• Maintain comprehensive project financial documentation, including cost databases, change order logs, budget revisions, lien waiver records, and financial models; ensure files are current, organized, and audit ready.
• Identify opportunities for process improvements in job costing, reporting, and financial workflows; participate in reviews and assist in implementing best practices to enhance accuracy, efficiency, and timeliness.
• Assist with project close‑out activities, including final cost reconciliations, profitability analysis, and lessons learned documentation.
• Perform other duties and special projects assigned to support the accounting and finance team, project execution, and the overall success of the company.

• Bachelor's degree in finance, accounting, construction management, business administration, or related field required.
• Advanced proficiency in Microsoft Excel (including financial modeling, pivot tables, VLOOKUPs, and data analysis functions); experience with construction‑specific software (e.g., Sage 300, Viewpoint, Procore, Foundation, or similar job costing/ERP systems) is highly desirable.
• Strong analytical and problem‑solving skills with the ability to interpret complex financial data and provide actionable recommendations.
• Excellent organizational and time‑management abilities to handle multiple active projects and meet reporting deadlines.
• Effective verbal and written communication skills for collaborating with office and field personnel.
• Detail‑oriented with a proactive mindset to anticipate cost risks and identify profitability opportunities.
• Familiarity with construction industry practices (e.g., job costing, change orders, progress billing, retainage, lien waivers, certified payroll) is strongly preferred.

• 2+ years of experience in project financial analysis, cost control, project accounting, or a related analytical…