Overview-sub-background | JANUS Research Group

Project Financial Analyst




Position Overview

  • Perform project setup of work breakdown structure based on an understanding of the award/modification documents and project closeout to ensure completeness and accuracy of project reporting, including knowledge of charge trees, ceilings, and work force bill rates
  • Apply revenue recognition formulas based on the contract terms
  • Prepares client invoices in accordance with contract terms and reconciles unbilled activity providing reasons as to why items are not billed
  • Process contract closeouts, including deobligations and indirect rate variances
  • Reconciles and processes subcontractor invoices for payment monitoring spend against funded
  • Provides month-end reporting on project performance with notifications for funding needed or overspending
  • Subcontractor reconciliations for work force hours worked and billed seeking proper approval
  • Prepares specialized reports and accounting analysis by performing risk analysis and monitoring project financial performance
  • Prepares various journal entries such as revenue adjustments and cost accruals
  • Monitors project balances on Accounts Receivable, Accounts Payable, Unbilled and Unearned items, and actively works to resolve outstanding receivables and payables
  • Effectively communicates with the project teams during the life cycle of the project and provides continuous support
  • Liaises with other departments, clients, and outside vendors to resolve cross-functional matters
  • Ensures that all deadlines are met with the ability to proactively resolve issues related to billing
  • Participates in internal and external audits
  • Submits recommendations for improvements and actively participates in company initiatives in this area such as process, procedures, systems, and controls
  • Forecasting knowledge to monitor spend versus funded
  • Run and monitor 75% spent report and coordinate with Contracts team for notifications
  • Knowledge of various contract types (CPFF, T&M, FFP, CR, etc.)
  • Knowledge of DCAA standards
  • Familiarity with Federal Acquisition Regulations
  • Understand allowable versus unallowable expense designations, as well as direct versus indirect cost pools
  • Investigate and resolve billing issues
  • Understand variances between target and actual with the ability to guide PMs in their understanding of G&A and OH costs
  • Other balance sheet account reconciliations as part of month-end close
  • Provides backup support on processing accounts payable invoices, expense reports processing


  • Requires a Bachelor’s degree in Accounting, finance, or related discipline with 5-7 years’ experience as a Project Accountant, Project Controls Accountant, or Project Financial Analyst or similar
  • Minimum of 3 years of progressive professional accounting experience in a Federal contractor environment
  • Knowledge of US GAAP
  • Experience with Deltek Costpoint ERP system (Projects Module)
  • Strong Excel knowledge (formula creation, graphs, dashboards) for data analysis
  • Advanced analytical skills
  • Problem-solver with a solution-based attitude
  • Collaborative and team player
  • Experience with Cognos and report writing in a Deltek Costpoint table environment
  • Eager to provide input for process and system improvement
  • Proactively report issues, concerns, results, etc. to Controller


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