Project Finance Controller

Employer
BG Solutions
Location
Rockville, MD
Posted
Jul 17, 2017
Closes
Aug 07, 2017
Function
Finance
Hours
Full Time
Job Description A top-notch global consulting and technology services provider with more than 5,000 employees is seeking a Project Finance Controller to oversee the finances for various types of contracts integral to effective financial reporting. This Project Finance Controller can be based in Rockville, MD or Fairfax, VA office and will report directly to a Project Finance Control Senior Manager. Responsibilities Set-up projects with different contract types (Cost-Plus, T&M, and Fixed-Price) including proper billing and revenue terms. Ensure that project set-ups and modifications are entered into Deltek Costpoint in accordance with internal Sarbanes-Oxley policies and procedures Maintain Deltek Costpoint project information (ie contract /funding values, period of performance, line of business, project labor categories, etc. Review and complete timely and accurate project monthly revenue recognition procedures, in accordance with GAAP and internal policies. Analyze all direct project costs/fee/revenue data; monitor project budgets and progress; and share results with Program Managers to ensure projects achieve financial expectations. Ensure timely invoice processing. Work with assigned billing specialist; review and approve client invoices; follow up on collections; and analyze and understand unbilled WIP. Prepare and effectively review Estimate-At-Complete (EAC) and Estimate-To-Complete (ETC) analyses. Manage project subcontractor invoices, including subcontractor invoice approval; invoice write-up and submission to Accounts Payable; and maintenance of subcontractor financial data for semi-annual subcontractor reporting (SF 294). Prepare project work plan / task order budgets as needed. Maintain project forecasts to assist the project team with effective financial planning. Prepare and submit project monthly progress reports /other reports as required. Interact with other departments, such as Contracts, Pricing, Accounting, Project Management, and Business Unit Leads regarding project related issues. Maintain open communication with direct management regarding financial results and ensure Project Managers and other senior personnel are aware of risks and opportunities identified during project financial tracking, revenue review, A/R, WIP, etc. Review and monitor project funding and expenditures for contract 75% Limitation of Funds notification. Prepare and provide necessary financial information (ie, fee retention, final invoice review) and other related financial information/documentation to the internal closeout department. Requirements A high school diploma. 5+ years of experience maintaining financial records. Experience using Microsoft office applications. Preferred Skills and Experience Experience with Costpoint. Bachelor's degree in Accounting/Finance, Business or related discipline, or equivalent experience in a related field. 2+ years' experience in government contracting environment. Comprehensive knowledge of service type cost reimbursable, fixed price and commercial contracts. Ability to interface with both clients and company management. Company Description Our client company has hired us to engage in a search to fill a key position within their organization.