Senior Project Finance Analyst
Role Overview
Senior Project Finance Analyst managing financial performance for a portfolio of projects in Regal Rexnord's Power Management Systems division.
Partners with Project Management, Operations, Commercial, Supply Chain, and Finance throughout the project lifecycle.
Key Skills for This Role
Full Job Posting
Position summary
Senior Project Finance Analyst managing financial performance for a portfolio of projects in Regal Rexnord's Power Management Systems division.
Partners with Project Management, Operations, Commercial, Supply Chain, and Finance throughout the project lifecycle.
Work arrangement
- May be performed remotely from an approved location, subject to business needs and applicable requirements.
Project financial management
- Manage assigned project finances from setup through completion and closeout; own P&L and balance sheet performance, including revenue, margin, costs, reserves, working capital, and cash flow.
- Monitor financial indicators, review performance with Project Managers, challenge assumptions, and identify actions to achieve commitments.
- Analyze actual results against budget, forecast, and prior expectations; investigate variances and drive corrective actions.
Forecasting and reporting
- Maintain forecasts, including cost-to-complete and estimate-at-completion updates; identify risks and opportunities and reflect them in forecasts and reporting.
- Manage month-end close and ensure accurate revenue recognition, costs, accruals, reserves, and balance sheet accounts.
- Prepare financial analysis and reporting for project and business reviews.
Billing and business partnership
- Monitor project billing and invoice accuracy; work with project, commercial, accounts receivable, and customer contacts to resolve issues and support cash collection.
- Monitor working capital and identify ways to improve cash flow.
- Advise Project Management and Operations, communicate financial insights, improve processes and controls, and support finance transformation and financial systems.
Audit and controls
- Support internal and external audits with project documentation and explanations.
- Ensure compliance with policies, controls, and accounting requirements; identify control weaknesses and support corrective actions.
Required qualifications
- Bachelor's degree in Finance, Accounting, Business, or a related discipline.
- Three to five years of progressive experience in finance, accounting, project finance, FP&A, or controllership.
- Strong financial and analytical skills, understanding of P&L and balance sheets, and experience with forecasting, budgeting, variance analysis, and financial reporting.
- Strong problem-solving skills, independent issue resolution, and ability to manage multiple priorities and projects.
Preferred experience
- Experience in project-based businesses, manufacturing, industrial, engineering, or similar environments is preferred.
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