The Senior Project Cost Analyst computes, monitors, reports and analyzes project revenues, costs, schedules and projections in support of various project requirements and internal needs. The Senior Project Cost Analyst understands Earned Value Management processes to determine project performance and supports the implementation of EVMP across the company. This position reports administratively to Finance and collaborates closely with the senior management team and functions as an expert individual contributor.
Typical Duties include, but are not limited to the following.
Analyzing project data collected, recording and reporting results to senior staff;
Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost;
Planning, studying, and collecting data to determine costs of project activity such as raw material purchases, inventory and labor;
Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs;
Recording cost information for use in controlling expenditures;
Analyzing audits of costs and preparing reports, identifying, developing and managing project cost metrics and building cost models;
Making estimates of new and proposed product costs (proposal estimates);
Providing management with reports specifying and comparing factors affecting prices and profitability of products or services;
Establishing and maintaining project sites in regard to ETC/Schedule;
Creating amortization plans, performing capitalized software and hardware expenditure analysis;
Tracking project assets and supporting Finance Dept needs;
Reconciling finished goods inventories;
Performing market research in terms of competitor cost and industry trends;
Supporting Preparation of annual Incurred Cost Electronic (ICE) Submission;
Supporting audits from government agencies (DCAA, DCMA, GSA) as well as financial statement audits;
Monitoring project costs for proper matching of costs with revenue and preparing reclass entries when necessary;
Rolling Actuals and ETCs together to determine EAC costs and margins and presenting to Senior staff monthly;
Upon completion of each project, identifying any open items (POs, PRs, MOs, inventory) and working with appropriate personnel to address remaining costing issues before closing out the project;
Tracking warranty reserves vs. actuals and closing warranty project charge lines after the warranty period expires and all warranty costs are complete;
Reviewing Project Status Reports to ensure they agree with general ledger.
Assisting with reconciling cost-plus billings to Project Status Reports.
Distributing monthly project financial KPI metrics.
Working closely with project technical leads to provide financial data to support project decision making
Assisting with Bid & Proposal costing, inventory accounting, as needed.
Bachelor's degree in Finance, Accounting, Statistics or Operation Research with a minor in Math or Finance;
Five years' experience in an accounting management, or senior project cost accounting position within a development, production, construction, city government, or financial auditing firm environment;
Sound understanding of Earned Value Management and a demonstrated ability to facilitate corporate wide implementation of this performance measuring method;
Government contract accounting experience;
Strong knowledge of Generally Accepted Accounting Principles
Strong competence in rigorous methods of scientific project inquiry and analysis;
Demonstrated proficiency with PowerBI for report generation and Excel for tracking monitoring, pivot tables and macros;
Strong written/verbal communication and interpersonal skills;
Integrity to maintain highly confidential information;
Positive attitude, "lead by example" work ethic, and willingness to turn challenges into learning opportunities;
Ability to consistently meet deadlines while handling several responsibilities simultaneously
Self-motivated and ability to work independently, or with the structure of multiple project teams.
Candidates must be U.S. Persons as defined in the ITAR, 22 CFR 120.15 (U.S. Citizenship or Resident Alien Status) and as defined by 8 U.S.C. 1101(a) (20).
Master's degree in Finance, Accounting, Statistics or Operation Research with a minor in Math or Finance
Demonstrated knowledge of Federal Acquisition Regulations;
Experience with Deltek Costpoint and Cognos Impromptu;
Experience with Microsoft Project, Microsoft Project Online and SharePoint.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, disability or protected veteran status.
Raydon is a Drug Free Workplace.