Babcock Power Inc.

Sr. Project Financial Analyst

LocationLa Palma, CA
Job TypeFull-time

About This Job

The Senior Project Financial Analyst is a key member of the Finance and Project Team and works directly with the Project Managers to help support the project’s goals and objectives; maintain project budgets, analyze progress reported against budgets, and recommend and take action to improve progress. This individual will monitor and analyze the financial plan on assigned contracts to ensure that the Project Team and Management are informed as to status and issues which can positively or negatively impact the overall revenue and margin plans and will support the Finance Department with business planning and forecasting of results.


Under the direction of the Project Managers, and in compliance with the processes and procedures established by the Project Management Procedures, prepares project analysis charts, job forecasts, labor forecasts and project completion reports. Requires the ability to execute / revise plans to attain well defined goals, and a high degree of concentration to monitor progress and put in place recovery plans when productivity falls below target. Must be capable of communicating information timely and accurately between departments, to the Project Managers, and to Senior Management.


Work with the Project Team to ensure changes to the Work Scope are identified and documented if and as they occur throughout the Project’s execution. Requires advanced knowledge of Excel to create project specific worksheets for analysis of trends, problems, and forecasts.

Essential Responsibilities:

Provide Project financial reports and analysis including monthly Project Status Reports, Cost and Revenue Forecasts, Budget Variance Reporting, Ad-Hoc Analysis, Cashflow, etc.
Work with the Project Team to ensure changes to Work Scope are identified and documented if and as they occur throughout the Project’s execution.
Analyze and investigate Budget Variances and working with the Project Team identify the root cause, any lessons learned, and then recommend possible corrective actions.
Prepare Month-end reports.
Interface with Divisional Managers to review monthly business results and support the annual and quarterly forecast updates for Project, Resource and Overhead planning.
Review current workflow and reports and help lead/drive process improvement and automation to completion.

Job Requirements / Skills, Knowledge and Abilities:

Bachelor’s Degree (B.A. or B.S.), discipline in Finance/Accounting/Economics (Preferred).
4 – 6 years of relevant work experience, Current work experiences/Project based experience/Manufacturing or Engineering fields (Preferred).
Master’s Degree or CPA certification (A Plus).
Intermediate knowledge of financial and cost accounting including Project Costing, Inventory, Work in Progress and Percent Complete Revenue Recognition, etc.
Capable of using ERP system and various other database formats and running ad-hoc queries/reports.
Requires advanced knowledge of Excel to create project specific worksheets for analysis of trends, problems, and forecasts.

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