Senior Cost Analyst

POSITION SUMMARY:

The individual in this position is 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.

CORE RESPONSIBILITIES:

Review new project orders and ensure all approvals have been received before entering/setting up the order in SAP

Understand key contractual terms of the projects (i.e. warranty terms, invoicing requirements, liquidated damages, bond requirements, etc.)

Ensure SOX compliance of all project 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 theory and 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 timely

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

Assist with other activities as requested

Understanding of 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

POSITION REQUIREMENTS:

3 - 5 years of financial analysis experience

Extensive working knowledge of ERP systems required; SAP experience preferred

Experience with Microsoft Office Software in a highly complex environment; Intermediate to expert level 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

Self-motivated

Detail-oriented with strong organizational skills and a high degree of accuracy and quality in work

EDUCATION:

Bachelor's degree required in accounting/financial