Financial Analyst at Smiths Group

This role has overall responsibility for the administration of the accounting function for programs. The role has accountability and custody of the programs accounting data and records. The role provides life-cycle accounting analytical support and finance partnering expertise to Program Manager(s) from pricing proposals through financial reporting of those programs. The role partners with the Program Manager(s) to manage the WBS structure ensure actual costs are maintained in SAP and all relevant costs are budgeted/forecasted and accounted for on a timely basis. Forecasting to includes sales (revenue recognition) inventory gross margin and cash.Qualifications : Essential Functions:Provides ongoing financial support to the Program Manager(s) through preparation of monthly program financials detailing P&L and balance sheet items in support of detailed program reviews. Monthly financials will highlight and address key areas of program risk/opportunity while also ensuring accurate and compliant accounting. This will involve:Attend program kick-off meeting setting up program in SAP and generating WBS structures.Monthly review of all program balances (WIP deferred revenue unbilled) raising accruals or other entries as appropriate and reconcile all outstanding items.Ensure all internal controls and accounting policies regarding program accounting and bids & tenders are followed. Recommend improvements to the same where appropriate.Ensure all program invoicing occurs on schedule and is IFRS/FAR/government contract compliant.Monthly review of all cost elements ensuring accuracy and reasonableness.Variance analysis (actuals vs forecast and budget)Monitor cumulative billings against contract value and highlight programs that are approaching contract ceilings.Present financial results in monthly program management reviews; addressing financial risks and opportunities to leadership.Support internal and external audits.Ensure that all accounting information is captured accurately within the timetables set for month end and year end reporting.Compare program actual costs to bid / budget costs highlighting variances and propose suggestions for recovery where applicable.Creation of WBSs in SAP in accordance with the contract based on an understanding of the implications of how the WBS will function within SAP.ForecastingProvides detailed and accurate program financial forecast identifying phasing of revenue cost gross margin and cash collection. Act as financial leader for responsible programs to drive financial performance. Provide timely and proactive communication to Program Management and Finance leadership on forward looking expectations of program financial performance. This will involve:Leading program financial reviews with Program Manager(s) detailing current financial performance and trends.Identify and highlight program financial risks versus budget and prior forecast. This includes variances in expected revenue or costs.Proactively escalate variances to budget (revenue cost gross profit/gross margin %) to Program Manager(s) and Finance leadership.Support revenue forecasting and providing narratives detailing variance to budget and prior forecast.Act as finance subject matter expert on assigned programs. Possess a deep knowledge of revenue recognition cost structure invoicing requirements cost and revenue drivers on assigned programs.Work with assigned Program Managers to document contract performance to date monthly ETC and EAC projections and provide forecast inputs of revenue and gross margin per project.Understand and communicate cash collection expectations highlighting aging items and actions to resolve.Forecast balance sheet items such as obsolescence inventory minimum buy/write-off impacts project WIP and others.Supporting the bid and proposal process for both government and commercial proposals by reviewing the solicitation and determining the financial structure of the bid and raising any financial risks that may be present.Managing and verifying accuracy of the financial data in proposals completing ah-hoc scenarios.Presenting financial data during Gate review meetings.Populating cost volumes and customer submission files. GeneralOther duties and responsibilities that occur on an ad hoc basis or are not specific to the above:Assist the Program Finance Manager with preparing and reviewing deliverables training new hires and establishing best practices/procedures.Participate in continuous improvement efforts identify quality improvements and evaluate opportunities to drive efficiency and effectiveness.Support the various responsibilities required by the financial reporting/accounting cadence including but not limited to month-end half-end year-end.Provision of information to support assumptions and estimates in compiling budgets and forecasts.Operate within Company policies and procedures such as Smiths Code of Business Ethics with a high level of integrityEnsure compliance of Company operations to all applicable laws regulations and standards regulations and standards good business practices and company documented procedures (including but not limited to Financial Data Quality Management ISO 9001 ISO 14001 OHSAS 18001 and OHSAS 14001)Other duties as required.Education Requirements:  Bachelors degree in accounting or finance is requiredMBA preferredExperience3 5 years of accounting or finance experience.Expert in SAPManufacturing commercial and/or corporate accounting/finance experience.Additional Information : We offerJoin us and well help build your career with excellent training and opportunities for career growth across the business both locally and globally. Youll experience an inclusive environment with strong leadership and a focus on safety and wellbeing. Youll also have the flexibility to choose from a wide range of benefits to suit your lifestyle offering you and your family support from a health and wellbeing financial and lifestyle perspective.Join us and work for a world-leader with the benefits and training to reward your dedication and skills. Be part of a team where we are making the world a safer place.HIRING SALARY RANGE: $69600 - $156720/yr (Salary to be determined by the education experience knowledge skills and abilities of the applicant and alignment with internal and market data.) This role offers a competitive Business Profit Plan. This position includes a competitive benefits package. For details please visit the Reward & Benefits tab on our main careers page at  qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin or protected veteran status and will not be discriminated against on the basis of disability. Equal Employment Opportunity PostersIf youd like to view a copy of the companys affirmative action plan or policy statement please email .If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application please e-mail or call toll-free . This email and phone number is created exclusively to assist disabled job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be returned. Messages left for other purposes such as following up on an application or technical issues not related to a disability will not receive a response. Smiths Detection Inc. participates in the Electronic Employment Verification Program.We believe that different perspectives and backgrounds are what make a company flourish. All qualified applicants will receive equal consideration for employment regardless of color religion sex sexual orientation gender identity national origin economic status disability age or any other legally protected characteristics. We are proud to be an inclusive company with values grounded in equality and ethics where we celebrate support and embrace diversity.At no time during the hiring process will Smiths Group nor any of our recruitment partners ever request payment to enable participation including but not limited to interviews or testing. Avoid fraudulent requests by applying jobs directly through our careers website (Careers - Smiths Group plc)Remote Work : NoEmployment Type : Full-time Key Skills Cognos,Forecasting,Hyperion,Microsoft Access,Pivot tables,Accounting,Analysis Skills,Microsoft Excel,Financial Analysis,Financial Modeling,Budgeting,Financial Planning Department / Functional Area: Finance Experience: years Vacancy: 1