JOB DESCRIPTION
This position is a hybrid between managing the financial support of the operational project teams and supporting the financial month-end close through units achieved for revenue recognition, forecasting, and variance analysis.
Essential functions of the job include but are not limited to:
- Manage, mentor, and provide training to the financial analysts in all areas of finance project support
- Design, develop, and implement project financial processes to increase the efficiencies of operations in order to produce accurate and timely reporting in order to achieve the desired results
- Produce monthly comprehensive financial metrics to the CFO and Executive Director of Operational Finance that includes, but not limited to: revenue recognition, forecasting, variance analysis, project utilization vs. project costing, consultant spend analysis, and pass through/vendor spend as compared to budget
- Work with the various intercompany Finance Teams in order to continuously align on the following, but not limited to: project budgets, monthly revenue, backlog, and intercompany agreements
- Support the project teams in all financial areas associated with running a clinical trial
- Assist in the preparation of the monthly invoicing worksheet which is the source document for client invoicing and source of revenue recognition
- Perform variance analysis comparing forecasted revenue to actual revenue in order to identify gaps, changes in scope, etc.
- Review work orders and change order budgets in comparison with actual activities in order to help identify out of scope activities. This includes, but not limited to: client, vendor, and CRO partner agreements
- Perform monthly EVA’s in conjunction with the Project Directors/Project Managers
- Actively participate in the monthly project review meetings and act as the financial lead at the Quarterly Business Reviews (QBRs) with clients
- Provide support to the Executive Director of Operational Finance in the review of contract documents (statements of work and change orders)
- Work with the other members of the Finance Team to ensure the timely reporting of all monthly financial information
- Collaborate with others in Finance to support overall department goals and objectives.
- Responds to inquiries from the CFO and Executive Director of Operational Finance regarding financial results, special reporting requests and ad hoc analyses relating to projects
- Assist in development and implementation of new procedures and features to enhance the workflow and internal controls
REQUIREMENTS
MINIMUM REQUIRED:
- Bachelor’s degree in Accounting/Finance or related business field
- A minimum of eight years’ experience in project finance to include a working knowledge of all project budgets, financial project management support, Earned Value Analysis (“EVA”) analysis, and financial contract review
- Direct experience in working with sponsors
- CRO industry experience
- Occasional travel to sponsor locations for QBR’s and F2F meetings and local travel to the Precisions Office for meetings should be anticipated
Preferred:
- MBA or CPA
- Quick Books
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