Financial Analyst I

The Financial Analyst will be responsible for:

• the preparation and consolidation of AMS, LLC and project budgeting. 
• The Financial Analyst will submit billings on all government prime contracts, commercial contracts, and subcontracts. 
• The Financial Analyst will work with various departments to ensure proper accumulation, allocation and reasonableness of contract revenues and costs.
• The Financial Analyst will support the Project Managers in the preparation of monthly status reports, as well as budgets and variance analysis. 
• Maintenance of annual budgets for AMS, all LLCs and projects. 
• Review and analyze periodic project status reports; compare project actual direct and indirect costs against project budgets. 
• Compute and analyze revenue, profitability and cost trends. 
• Report findings of financial analyses to management. 
• Develop integrated revenue/expense analyses, projections, reports, and presentations. 
• Distribute month-end reports to management and external customers. 
• Use Excel spreadsheets or other budgeting software to create variance reports and monthly financial status reports. 
• Prepare and submit various periodic reports to management and external customers as required. 
• Interpret and analyze contracts to translate contract requirements into PeopleSoft billing system. 
• Calculate and prepare contract invoices, which may include, creating and designing invoice formats and detailed spreadsheets to meet customers’ needs. 
• Verify accuracy and completeness of contract invoices and analysis of cost/labor categories for proper mapping to billing categories. 
• Receive and prepare billing backup including subcontract invoice, travel expense reports and receipts, timecards and billing detail.
• Analysis and/or reconciliations of incurred labor hours on time & materials and labor hour contracts, to ensure proper labor hours, labor categories, and billing rates are billed.   
• Review of cost reimbursement invoices to ensure direct and indirect costs are invoiced in accordance with company accounting practices, the Federal Acquisition Regulations (FAR), Cost Accounting Standards (CAS) and contract requirements. 
• Interface with internal and external clients as needed.   
• Periodic review of past due accounts receivable, to determine actions required for collection of amounts due. 
• Analyze unbilled costs and follow up with project managers and finance manager. 
• Obtain appropriate approvals and signatures on contract invoices.  
• Expedite and resolve problems in a prompt and efficient manner.
• Assist in the preparation of provisional billing rates, forward pricing rates, costing of proposals and general interaction with the Defense Contract Audit Agency (DCAA) as necessary. 
• Assist with the preparation and submission of the annual Incurred Cost Electronic (ICE).
• The Financial Analyst position is responsible for the compilation of statistical data/reports used in the development of AMS annual budget as well as financial reporting, accounting, analysis, and monitoring of the AMS, LLC and project finances.

Responsibilities include, but are not limited to: developing, implementing, forecasting, analyzing and reconciling revenues and expenditures; implementing cost control measures; compiling and analyzing statistical data from government contracts; identifying and monitoring key budget and policy issues; and proposing savings initiatives to increase overall operating efficiencies. Provide support to Management for ad-hoc projects, reports and analysis.

QUALIFICATIONS

• High school diploma and ten years experience. 

• Bachelors Degree with a concentration in Accounting or Finance and five years experience. 

• Understanding of government contract accounting required. 

• Knowledge of contract types (i.e., fixed priced, cost reimbursable, T&M, etc.) is highly desirable. 

• Basic understanding of the Federal Acquisition Regulations (FAR), the Cost Accounting Standards (CAS) and Generally Accepted Accounting Practices. 

• Extensive knowledge with government contract billing and financial analysis. 

• Proficient use of 10-key calculator. 

• Basic typing and math skills. 

• Computer literate with knowledge of Windows and Microsoft Office. 

• Advanced spreadsheet skills. 

• Good written and oral communication skills. 

• Interpersonal skills.  Ability to read and write English. 

• Good organization skills. 

• Ability to prioritize and handle multiple tasks. 

• Knowledge of GAAP, FAR and CAS. 

• Operating knowledge of the following office equipment:  computers, copy/scanner machine, laser printer, fax machine, typewriter and postage machine