(518) Financial Analyst

Position Description: 

We are seeking a highly skilled Contract Financial Analyst to drive the financial management of our contracts from initiation to closeout. This role focuses on budgeting, cost allocation, financial reporting, and risk assessment to ensure contract profitability and compliance across a portfolio of contracts. You will work closely with cross-functional teams to monitor financial performance and provide actionable insights.

Location:  REMOTE

Responsibilities and/or Success Factors: 

Financial Analysis & Contract Management:

• Contract Financial Management: Develop detailed contract budgets, forecast expenditures, monitor financial performance, and lead final reconciliations for contract closeouts.
• Labor & Cost Allocation Oversight: Record and allocate direct and indirect costs in line with policies, validate expense reports, and maintain transparent cost allocation systems.
• Time Tracking & Setup: Ensure subcontractors are utilizing and set up within systems and employees are utilizing appropriate codes.
• Optimize processes to reduce errors and ensure seamless integration with financial reporting tools.

Process & Procedure Development:

• Analyze current financial workflows, implement process improvements, and establish standardized procedures to enhance operational efficiency and compliance.

Burn Rate & Spend Analysis:

• Monitor actual spending versus forecasts, identify overspending trends, and prepare detailed analysis reports for management.
• Make recommendations based on current burn forecasts.

Billing & Revenue Recognition:

• Ensure timely, accurate invoicing aligned with contract milestones, oversee revenue recognition practices, and collaborate with the accounts receivable team.
• Indirect Cost Rate & Budgeting Analysis: Manage fringe, G&A, and overhead cost structures, analyze trends to identify savings opportunities, and prepare strategic reports at the contract level.

Variance Analysis & Reporting:

• Perform variance analyses to pinpoint discrepancies between planned and actual performance, identify root causes, and report findings to senior leadership.

Financial Risk Assessment:

• Continuously assess financial risks associated with contracts, develop mitigation strategies, and adjust plans based on contract trends.

Customer & Internal Financial Reporting:

• Create comprehensive reports for both internal stakeholders and government clients, presenting complex financial data in an accessible format.

System Updated:

• Ensure systems are updated for reporting and all data entry accurate and timely.

Subcontract Management Subcontractor Lifecycle Management:

• Responsible for the end-to-end subcontractor process from selection and onboarding to modification and offboarding at the contract level. 

Subcontract Performance Tracking:

• Monitor deliverables, deadlines, and adherence to contract terms.

Modification & Change Management:

• Coordinate with contracts and finance teams to process modifications, scope changes, and amendments.

Rate & Pricing Analysis:

• Validate that subcontractor labor rates and pricing meet contract requirements and profitability goals.

Risk & Compliance Oversight:

• Work with contracts team to ensure subcontractor activities comply with regulatory requirements, including FAR/DFARS clauses.

Subcontractor Data Calls & Reporting:

• Support data collection and reporting related to subcontractor performance and time.

Coordination with Legal & Compliance:

• Work alongside legal and compliance teams to ensure agreements and workshare remain in compliance.
  
  

Minimum Qualifications Including Certificates: 

• Bachelor’s degree in finance, Accounting, Business Administration, or a related field.
• Demonstrated experience in financial analysis, contract management, and budgeting, in a government contracting.
• Advanced proficiency in financial modeling, forecasting, and reporting tools.
• Strong analytical, problem-solving, and communication skills.
• Proven ability to manage multiple priorities in a fast-paced, deadline-driven setting.
• Familiarity with compliance and regulatory frameworks is a plus.
• Knowledge of Costpoint is preferred