Senior Cost Analyst - Act Consulting

ACT Consulting has an immediate need for a Senior Cost Analyst with our direct client in Pittsburgh, PA.

ACT Consulting is a leader in the staffing industry providing candidates on a national basis for contract, contract to hire, and direct hire engagements while maintaining the highest regard for people, integrity, and customer satisfaction. Our clients are comprised mostly of Fortune 1000 companies, primarily in the areas of Information Technology, Engineering, Professional, Accounting and Finance.

Please take a moment to review the job description. If this is something you are interested in, please send a copy of your resume to jerald@act-info.com or contact me directly at 704-248-8877.

• Job Title: JP00000131 - Senior Cost Analyst
• Location: Pittsburgh, PA
• Duration: 6 months
• Experience: 3 - 5 years of financial analysis experience
• Skills: ERP, Excel
• Pay Rate: $45.00 - $48.00/ hr on W2

Notes:

• Working hours: 8 am - 5 pm ET (must be available to support team members on different timezones / CST, PST, EST)
• Worker will stick to a 40 hr work week
• Must be local to the site, will eventually be on hybrid schedule after training is completed
• Potential to convert to full-time after 6 months
• Limited travel - Training potential in Holland, Michigan
• Interview - 3-step interview process (virtually)

Position Summary

• The individual in this position is responsible for providing support for the custom project business and will be required to perform complex duties assisting the project managers and ensuring revenue recognition is in compliance.

Core Responsibilities and Tasks

• Review new project orders and ensure all approvals have been received before entering/setting up the order in SAP
• Understand key contractual terms of the projects (i.e. warranty terms, invoicing requirements, liquidated damages, bond requirements, etc.)
• Ensure SOX compliance of all project related controls
• Assist project managers with updating project information, including project cost and change order claims, project schedule changes, and milestone updates to ensure the project data is kept accurate and up to date in SAP
• Understand the theory and practice of percentage of completion and completed contract accounting
• Update and distribute project review reports and coordinate/participate in monthly review meetings
• Develop close working relationship with project managers; educate and provide financial guidance as necessary; drive compliance by ensuring project cost estimates are updated timely
• Assist project managers with analyzing the costs and variances on their projects
• Work with project managers to develop quarterly sales and gross margin forecasts (followed by monthly updates); help ensure those commitments are met
• Work with project managers to prepare variance analyses
• Assist project managers with the preparation of risk registers (outlines the driver for contingencies)
• Monitor Revenue in Excess of Billings and Completed Contract WIP balance sheet accounts to ensure projects are being invoiced timely
• Monitor past due accounts receivable and work with project managers to resolve project issues that may be holding up payments; contact customers as necessary
• Assist with internal/external audit requests
• Continuously drive process improvements
• Assist with other activities as requested
• Understanding of ASC 606 revenue recognition rules and ensure compliance
• Help develop reports to track and measure key metrics as established by the business segment
• Understand the cost flow at the various supporting factories to ensure forecasting is accurate and to help drive results

Position Requirements

• 3 - 5 years of financial analysis experience
• Extensive working knowledge of ERP systems required; SAP experience preferred
• Experience with Microsoft Office Software in a highly complex environment; Intermediate to expert level Excel skills required
• Excellent oral and written communication skills
• Strong problem solving, quality assurance, and interpersonal skills
• Ability to work well under pressure in a dynamic team environment
• Self-motivated
• Detail-oriented with strong organizational skills and a high degree of accuracy and quality in work

Education

• Bachelor's degree required; must have fundamental accounting/financial knowledge