Project Finance Director
Project Finance Director
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$ 130000 - 140000
1 Vacancy
Job Description
Afognak Native Corporation has an opportunity for a Director of Project Finance in our corporate office in Huntsville Director of Project Finance reports to the Federal Operations Finance Executive. The employee isresponsible for managing the Project Finance Managers as well as being available for the ProjectFinance Analysts. The position offers potential hybrid work schedule in Huntsville AL only. Duties include:
- Providing pertinent project information to upper management regarding funding invoicing PSRs etc.
- Ensuring that the Project Finance staff is meeting the needs of the Alutiiq Subsidiary customers.
- Overseeing and improving project set up project cost accrual and revenue recognition activitiesfor all Alutiiq subsidiary customers.
- Managing Project Finance staff at multiple locations.
- Ensuring that revenue recognition activities performed by the team are accurate complete andprepared in accordance with GAAP and consistent with corporate policy.
- Analyzing trends monitoring detailed billing activity and performing routine and ad hoc analyses.
The Director may also be required to perform Project Finance Analyst duties in the event of employeeabsences or workload surges. When these situations arise the Project Finance Director will assume thefollowing duties for supported projects:
- Utilize government contracting and accounting knowledge to complete reviews and analysis ofgovernment contracts.
- Set up projects in the accounting system using contract documents.
- Coordinate with project team to produce financial deliverables for both internal and external use.
- Process revenue recognition and subcontract accruals for assigned projects.
- Provide cost and schedule updates.
- Perform Estimates at Completion (EACs) for management analysis.
When performing analyst activities the Director provides direct support to management and other projectteam members and advises project management on financial matters related to the execution ofcontracts and task orders. Specific assignment will include:
- Monitoring project cost in conjunction withschedule performance and performing related analyses.
- Provideinput formanagement review presentations and participates in proposal preparation.
- Interfaces with members ofCorporate Finance and Accounting Contracts Pricing and Procurement consultants and subsidiarymanagement at all levels.
- Responsible to lead teams in both virtual and office team environments.
Job Duties and Responsibilities (Essential Functions):
- Management and Leadership
- Assign new projects to the Project Finance staff.
- Create SharePoint sites for new projects to include:
- Contract Documents
- Proposal Documents
- Customer Invoices
- Subcontractor Documents
- Cost Tracking
- Communications
- Provide the necessary training to the Project Finance managers and staff to ensure thefinancial needs of the project(s) and their management teams are being met.
- Utilize available reporting tools to analyze the financial performance of the projects followupwith the Project Finance staff as needed.
- Review Estimates at Complete prior to submission.
- Review costings performed by the PFAs prior to submission.
- Hold bi-weekly meetings with the Project Finance Managers to ensure that the PFAs andtheir projects are performing to par and to discuss any corrective actions for potentialissues.
- Hold monthly meetings with the Project Finance staff to review the financial performanceof each active project to include:
- Revenue
- Funding
- Fee
- DSO
- Open Billing
- Accounts Receivable
- Coordinate with HR Payroll and Project Set-Up for new employee set-up.
- Responsible for the coordination of the corporate backlog report provides updatesmonthly to the subsidiary Presidents for their review and approval.
- Attend monthly Finance meetings to review Revenue Accounts Receivable and OpenBilling.
- Provide possible resolutions to the Finance Department and Operations foroutstanding / underperforming items.
- Work with the Bid & Proposal Department on pricing strategies for follow-on work.
- Coordinate and review the annual budgeting of Direct Projects.
- Assist the Director of Budgeting & Analysis on additional budgeting duties asneeded.
- Manage project set up project cost accrual and revenue recognition activities for alldivisions.
- Oversee Project Finance staff at multiple locations.
- Identify and suggest improvements to project set-up and other project finance processes.
- Review project finance set-ups with different contract types (Cost-Plus T&M and Fixed-Price) including proper billing and revenue terms.
- Assist with research or duties as needed to support intercompany activities (IWOs)
- Planning and Project Setup: When performing analyst duties the Director is required to:
- Forecast the planned costs throughout a period of performance. If variances appearbetween planned and actual costs the Director will:
- Communicate the issues to Operations.
- Provide cause explanations and advise on corrective actions.
- Forecast the planned costs throughout a period of performance. If variances appearbetween planned and actual costs the Director will:
- Determine appropriate project setup related to assigned contract based on their type andstructure including proper billing and revenue terms.
- Ensure that project set-ups and modifications are accurately entered in Deltek Costpoint(ERP).
- Estimating: When performing analyst duties the Director may be required to provide costestimates for Task Orders Option Periods Travel and/or ODCs for submittal to the end user
customer. - Perform other duties as assigned.
Payrate:$130000 to $140000 Annually
Requirements
- Bachelors degree in business administration program management accounting or anappropriate related discipline (additional experience may be substituted in lieu of a degree).
- Minimum of 10 Years in Project Accounting and Control or Related Accounting Field.
- Must be able to obtain a federal security clearance.
- Demonstrated knowledge of general accepted accounting practices (GAAP)
- Comprehensive understanding of multiple contract types: FFP FPLOE T&M and hybridcontracts.
- Knowledge of business operations and procedures.
- Outstanding research and analytical abilities.
- Experience with Microsoft Office Suites particularly Excel as well as other database software isrequired.
Preferred Qualifications or Skills:
- Government contract accounting experience preferred.
- Experience with Deltek Costpoint preferred.
- Strong leadership skills
- Strong analytical and problem-solving skills.
- Good communication skills that include communicating with tact and diplomacy.
- Proven ability to work as a team player.
- Proven ability to meet deadlines and handle stressful situations.
- Ability to work independently and be self-motivated and proactive.
Required Experience:
Director
Employment Type
Full-Time
