Junior Project Financial Analyst - Remote (WFH)
About the position Responsibilities • Control project financial performance and maintain budgets and forecasts in the ERP system. • Perform financial analysis and provide key financial reports to the project team in a timely manner. • Manage revenue recognition and support customer change management in financial terms. • Validate profitability control in alignment with thresholds defined by the Cognitive Project Sponsor. • Review and approve project invoice requests submitted by Project Management according to customer purchase orders. • Schedule and lead activities to produce an integrated project forecast and Estimate at Completion (EAC) report. • Evaluate the accuracy of the project forecast by assessing actual costs and physical project progress. • Present the EAC to Cognitive Management, including total revenues, costs, project margins, invoicing, payments, cash flow, risks, opportunities, and contingencies. • Prepare and present project forecasts and spend reports to the customer. • Ensure high integrity and transparency in performance reporting and data management. • Prepare project pricing calculations and documentation. • Establish and maintain project budgets and overall cost control. • Develop and maintain project Work Breakdown Structure (WBS) including revenue and billing formulas. • Monitor and maintain contract funding and modification reconciliation. • Review and approve all major project expenditures. • Drive project profitability and other performance metrics. • Ensure timely and accurate project billings (Cost Plus, T&M, and FFP). • Responsible for invoice tracking, reconciliation, and minimizing project unbilled balances. • Monitor and work to maximize project cash flow. • Prepare risk and opportunity assessments and develop plans to mitigate risks. • Prepare ad hoc project reporting and analysis as required. • Prepare detailed monthly project rolling forecasts. • Participate in monthly project review meetings. • Assist with contract close-out and incurred cost submissions. • Support internal and external audits. • Ensure project accounting compliance with Cognitive and Government accounting standards. Requirements • Bachelor's degree in Finance, Accounting, or Business preferred. • 2 years of experience in a related field. • Experience in developing project pricing models and performing scenario analysis. • Strong organizational and analytical skills. • Detail-oriented with the ability to prioritize work and multitask effectively. • Ability to work well in both team settings and independently. • Capable of working in a fast-paced, dynamic environment. • Effective communication skills with all levels of management, both orally and in writing. • Advanced MS Excel skills with the ability to design complex models. • Good understanding of Government contracts, FAR, and CAS. • Working knowledge of project accounting and GAAP principles. Apply tot his job