Title: Financial Analyst II

Payrate: $75,000 - $85,000/year

Location: Portsmouth, VA

Type: Full-Time

Summary:

This role involves monitoring project financial performance by using earned value management (EVM), assisting in the preparation of budgets and forecasts, and collaborating with operational teams to implement cost management strategies. The ideal candidate has worked in the Ship Building industry and enjoys operating in an extremely fast-paced environment.

Duties and Responsibilities:

• Produces the monthly reporting package and briefs their group General Management after the accounting department has finished its financial close.
• Reviews and manages the revenue recognition for their group and takes steps to correct any revenue that is either over or understated at the month end close process. This may include cost transfers, at risk processing or suggesting project setup remedies.
• Reviews the flash reporting that summarizes the revenue recognized in the prior week in order to close the month end in a more efficient manner. Reviews will be done on a weekly basis.
• Creates and changes project setups as needed on a daily basis.
• Attends project setup meetings to help determine how new contracts should be setup within Costpoint.
• Works with the Financial Analysis Manager & Director of Finance to generate the Annual Operating Plan (AOP) and quarterly forecasting (FI, FII).
• Tracks actual results against the AOP and forecast. Investigates any significant variances and explains to management. Assists in the preparation of update(s) to the plan using actuals and projecting year end and two years into the future on a quarterly basis.
• Calculates contract de-obligation for submission to PM’s and contracts department.
• Prepares and distributes weekly progress status reports to Project Managers.
• Tracks revenue, negative fees, indirect labor, unpaid invoices, and unallowable costs on a weekly basis.
• Prepares Quarterly Estimated Actual Costs reports.
• Reviews, approves, and assists in the preparation of customer invoices.
• Prepares and inputs transfers to correct erroneous charging.
• Reviews and approves employee expense and timesheet submittals.
• Maintains and updates contract workforces, including WD contracts.
• Prepares roster with employee information used for quotes.
• Customizes Business Intelligence reports upon request.
• Reviews contracts and modifications for financial accuracy.
• Assist in implementing proper internal controls to support the organization’s growth.
• Other duties as assigned.

Required Qualifications:

• Bachelor’s degree in finance, accounting or similar field.
• 5+ years’ financial analysis experience.
• Understanding of EVM principles, cost forecasting, and budgeting in high-stakes, fast-moving environments.
• The role requires agility, quick decision-making, and the ability to manage multiple projects simultaneously.
• Must be proficient in CostPoint or other large ERP Systems
• Must have advanced knowledge of Excel.
• Possess strong analytical skills and understanding of financial concepts to support our financial planning and analysis activities.
• Able to work in a culture of collaboration, accountability, and continuous improvement.
• Possess excellent organizational skills and be detail oriented.
• Must be able to speak, write, understand and communicate in English.

TCWGlobal is an equal opportunity employer. We do not discriminate based on age, ethnicity, gender, nationality, religious belief, or sexual orientation.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.