Project Financial Lead

Position: Project Financial Lead (TRAVEL REQUIRED)
Division:
Headquarters

Project Location(s):
New York, NY 10001 USA

Minimum Years

Experience:

8 Travel Involved: 90-100% Job Type: Regular Job Classification:
Experienced

Education:

Bachelors Degree Job Family:

Finance Compensation:

Salaried Exempt

Position can be performed from any US company office location, with opportunity for office and remote work. This role requires domestic travel.

Position

Description:

Manage financial execution of a large-scale and/or complex construction project and perform day-to-day tactical project accounting, cash flow management, forecasting, cost analysis, compliance, and internal controls. Primary financial contact for project team to confirm alignment between field operations, client, and financial procedures.

Essential Duties &

Key Responsibilities:

* Provide project financial oversight and compliance from preconstruction through closeout for a large and/or complex construction project and provide financial guidance and communication to project stakeholders.

* Manage and conduct billing, receivables, and collections for project for efficient financial operations and to affect improvements in net working capital (NWC) and aligned with financial controls and company reporting standards.

* Confirm client contractual requirements and entitlements for billing, including reviewing owner contract analysis to determine billing deadlines, payments terms, billable and non-reimbursable expenses, agreements for insurance and fee billings, along with approved billing rates for staff and trade labor.

* Collaborate in development of project budgets, forecasts, profit plans, and cash flow models, in alignment with profit center goals and in conjunction with project leaders and relevant stakeholders.

* Review project budgets for accuracy and proper reflection of risks and impacts of potential enhancements, in line with owner contract and company policies and procedures.

* Lead implementation of owner audits, contribute and support Internal Review audits, and drive cost audit processes including Budget Analysis Reports (BARs), Cost-Audited BARs (CABs), and special studies as required per risk indicators.

* Lead month-end close for project, including work-in-place (WIP) analysis, cost-to-complete, revenue and earnings recognition, and reporting accuracy.

* Assess and summarize project financial performance indicators (e.g., cost, revenue, margin, cash flow) and present findings to project leadership and relevant stakeholders. Identify and communicate financial risks that impact project performance and earnings; align with project team on mitigation strategy and hold team accountable to action plan. Oversee and confirm compliance with Generally Accepted Accounting Principles (GAAP), company policies, and contract-specific financial requirements.

* Contribute financial information, issues, and recommendations in Operational Review Meetings (ORMs), Profitability Improvement Meetings (PIMs), and other financial health checks.

* Review project financial processes, cost coding, and forecasting practices for continuous improvement and to recommend enhancements to tools, templates, and workflows that improve project financial visibility and accuracy.

* Contribute to project forecasting process with operations, including Project WIP, General Conditions vs. General Requirements (GC/GR), and other project-related forecasts.

* May supervise other Financial team members, participate in hiring process, onboard new team members, deliver timely performance feedback for direct reports, contribute to performance appraisals during annual performance cycle, utilize talent management systems, and identify appropriate training to help with development needs.

* Facilitate project-specific training on financial systems, processes, and compliance standards to relevant project team and stakeholders.

* Other activities, duties, and responsibilities as assigned.

Qualifications:

* Bachelor's Degree from accredited degree program in Accounting, Finance, Engineering, or related field of study required with minimum of 8 years of related experience in project or construction finance supporting field operations or equivalent…