Project Finance Analyst based in Bulgaria Sofia - (R1039131) in Grad, BG at IQVIA™

Date Posted: 8/9/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Grad, BG
  • Experience:
    Not Specified
  • Date Posted:
    8/9/2018
  • Job ID:
    R1039131

Job Description


Purpose

Provide project finance support and direction to project managers, ensuring project financials are properly monitored and managed in pursuit of timely budget revisions so projects do not exceed the latest signed budget value, all unbilled transactions are addressed through the revision request process and overall clients receive high quality support to ensure their budgets are well managed throughout the lifetime of their projects.


Responsibilities

  • Conduct monthly review and analysis of assigned projects, including review of Q2 Solutions Budget Monitoring Tool to determine if there are any budgetary issues/unbilled balances that need to be addressed 

  • Prepare a monthly or quarterly report providing a status update on the following key areas:
    1. Actual revenue recognised v Budget to determine if there is any risk of the project exceeding budget and going over contract limit.
    2. Unbilled transactions - value outstanding and actions being taken to clear
    4. Accounts receivable - any overdue invoices and actions being taken to clear
    5. Revision requests/Change orders - current position and any significant impact until signed 
  • Coordinate with other members of the QLAB finance team on any Peoplesoft specific actions required to address any issues/challenges uncovered in the constant review of project finances e.g. Where any unbilled transactions are appearing which seem incorrect 
  • Provide appropriate training and support to PMs to ensure they have a clear understanding of the projects financial position and can clearly communicate the status to the client 
  • Provide finance support to the PMs on any client requests to discuss the project finances in more detail  
  • Ensure the PM is raising revision requests in a timely manner and support this process by capturing the relevant finance data required. Natural timepoints for raising revisions requests are:
    1. Financial Handover meeting – (budget revised after the Global Set Up Manager approves the database ahead of the verification checks)
    2. Completion of enrolment
    3. Protocol amendments
    4. reached 50% of budget 
  • Review budget revisions before they are sent to clients to ensure they look reasonable, capture all unbilled items and the budget is sufficient until the predicted end of the study 
  • Work closely with Client Operations manager to ensure the financial health of client portfolio and support 3rd line escalations.
  • Provide support on any ad hoc requests as requested





Job Requirements

Required knowledge, skills and abilities
  • Knowledge of revenue recognition, variance analysis, unbilled/unearned and cash flow management

  • Knowledge of Peoplesoft Project.
  • Knowledge of Microsoft Office applications.
  • Technical accounting skills.
  • Good analytical and numeracy skills.
  • Client facing experience is preferred but not manditory
  • Ability to identify financial issues and execute mitigating actions.
  • Ability to prioritize and coordinate multiple work requirements to meet deadlines.
  • Ability to establish and maintain effective working relationships with co-workers, managers and clients.

Qualifications

  • Bachelor's degree with previous accounting or project finance experience; or equivalent combination of education, training and experience.
 
Physical Requirements
  • Extensive use of telephone and face-to-face communication requiring accurate perception of speech.
  • Extensive use of keyboard requiring repetitive motion of fingers.
  • Regular sitting for extended periods of time


Job ID: R1039131

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