Sr. Financial Project Analyst

08540 Job posted on: 4/10/2008 At Covance, you can make a difference by helping to deliver life-saving and life-enhancing medicines to people around the world. Our commitment to this mission has resulted in Covance’s impressive history of company stability and growth. We’ve achieved these results by fostering a work environment that encourages, develops and leverages our team’s capabilities. Job Duties and Responsibilities: • Reviews, finalizes, and analyzes Earned Value Analysis (EVA) reports. Customizes EVA algorithms for project-specific accuracy. • Interacts with the project director/manager to ensure EVA accuracy and assist the PD/PM manage the financial aspects of the project including but not limited to: - identifying out-of-scope (OOS) activities - identifying resourcing issues - identifying the root cause of budget variances, etc. • Assists project manager/director with development and review of detailed revenue forecast. • Coordinates identification of OOS, Extra Task Form (ETF) / Change Order (CO) initiation with Contract Management as required. • Attends and participates in project reviews. • Interacts with Invoicing Specialist to ensure milestones, monthly fees, units, out-of-pocket expenses, and Investigator grants are invoiced in an accurate and timely manner. Reviews 1st invoice requirements with client and reviews all invoice packages prior to submission to client to ensure the terms of the contract and expectation of the client is met (including project specific backup documentation). • Assists in client query resolution as required. Writes cover letters for credit memos, refunds, and other invoicing corrections that need to be communicated to the client. • Develops a thorough understanding of each project’s billed advance position. - Ensures client advances are applied or returned to the client as dictated by the contract. - Ensures a “what-if “ EVA is generated when a project’s achievable budget does not equal the official EVA budget. - Understands the root cause of each project’s billed or unbilled position. - Understands the revenue implications for the billed or unbilled position. • Develops a thorough understanding of each projects’ contract including assumptions, payment schedules, penalty or bonus language, etc. • Ensures bill codes are inactivated in the Finance databases at project completion. • Responsible for financial training of operational team as required. • Other duties as assigned by management. Experience: Experience/Skills: Required: • 2 to 3 years relevant experience • Strong analytical & problem solving skills • Computer competency including advanced Excel skills and PeopleSoft familiarity • Detail oriented and highly accurate • Ability to work with minimal supervision • Good communication and interpersonal skills • Good planning and organizational skills • Ability to work to deadlines and effective time management skills • Ability to work with all levels of personnel Education: Education/Qualifications: Required: BA/BS in Accounting/Business or equivalent Covance experience Covance’s ongoing success offers team members unsurpassed growth and career development opportunities. There is no better time to join us! Save to job file |