Sr. Project Financial Analyst

Company: Babcock Power
Location: Cerritos
Posted on: November 17, 2021

Job Description:

Babcock Power is an Equal Opportunity Employer (M/F/D/V).

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Company:Thermal Engineering Int'l (USA) Location:Cerritos, CA Job Type:Finance Position Summary: Thermal Engineering International (USA) Inc. designs and fabricates high quality Pressure Vessels and Heat Transfer Equipment for the power generation and process industries worldwide. TEi's product line includes a wide variety of main steam condensers, feedwater heaters, moisture separator reheaters (MSRs) and auxiliary heat exchangers. The Financial Analyst is a key member of the Finance Team and works directly with the Project Managers, under supervision of FP&A Manager, to help support the project's goals and objectives; maintain project budgets, analyze progress reported against budgets, and recommend and take action to improve progress. This individual will monitor and analyze the financial plan on assigned contracts to ensure that the Project Team and Management are informed as to status and issues which can positively or negatively impact the overall revenue and margin plans and will support the Finance Department with business planning and forecasting of results. Essential Responsibilities:

* Prepare, analyze, and review the currently financial reports/analysis of projects including monthly Project Status Reports, Cost and Revenue Forecasts, Budget Variance Reporting, Ad-Hoc Analysis, etc.
* Investigating Budget Variances and working with the Project Team identify the root cause, any lessons learned, and then recommend possible corrective actions.
* Interface with Divisional Managers to review monthly business results and support the annual and quarterly forecast updates for Project, Resource and Overhead planning.
* Work with project team and accounting team to enhance the month-end process and to ensure changes to Work Scope are identified and documented.
* Assist with invoicing and tracking of progress billing.
* Prepare various Month-end reports.
* Review current workflow and reports and help lead/drive process improvement and automation to completion.

Job Requirements / Skills, Knowledge and Abilities:

* Bachelor's Degree (B.A. or B.S.), discipline in Finance/Accounting
* 3 - 5 years of relevant work experiences, Current work experiences/Project based experience/Manufacturing or Engineering fields (Preferred).
* Intermediate knowledge financial and cost accounting including Project Costing, Inventory, Work in Progress and Percent Complete Revenue Recognition, etc.
* Capable of using ERP system and various other database formats and running ad-hoc queries/reports. Power BI (Plus)
* Requires advanced knowledge of Excel to create project specific worksheets for analysis of trends, problems, and forecasts.


* Must be detail oriented and thrive in a fast paced environment.


* Strong ability to handle multiple tasks while meeting the department's deadlines.#06022021

Keywords: Babcock Power, Cerritos , Sr. Project Financial Analyst, Professions , Cerritos, California