IQVIA India | Project Finance Analyst | bangalore

1 month ago

bangalore, India IQVIA India Full time

Job Title :Project Financial Analyst

Location- Bangalore

Shift Timings: 2:00 pm – 11:00 pm

Mode of work: Office Based

Skills :Accounting, Budgeting and Forecasting


Job Overview

Provide project financial support and direction on assigned single country, single service projects, and ensuring project financials are properly monitored and managed in pursuit of maximizing project profitability and cash flow.


Essential Functions

• Conduct monthly review and analysis of assigned projects, including review of revenue recognition, project performance variances, and unbilled/unearned positions.

• Review and approve work movements and changes, and final remaining revenue adjustment for assigned projects.

• Ensure project journal, write-offs, and financial adjustments are properly documented, reviewed and approved.

• Prepare monthly reporting requirements for assigned projects, including unsigned contract opportunities, backlog, and other ad-hoc financial analysis as required.

• Review and approve work movements and changes, and final remaining revenue adjustment for assigned projects.

• Ensure project journal, write-offs, and financial adjustments are properly documented, reviewed and approved. Monitor Unbilled, Write-off activity, Over the Limit and Contract Activation exception reports and resolve/escalate unusual activity.

• Coordinate loading of global project budgets to financial management system, including collection of non IQVIA International Pricing (QIP) supported budgets. Review / reconcile loaded project budgets to ensure accuracy against contracted values.

• Coordinate loading of payment schedule. Review / reconcile loaded project payment schedule to ensure accuracy against contracted values and compliance to negotiated contract terms.

• Coordinate configuration of Project and Contract modules, including assignment of Rate Sets / Plans to Activities, configuration of Contract Lines and establishment of Billing / Revenue Limits.

• Review / monitor rate exception reports and coordinate resolution of rate issues in a timely manner with the Global Project Services Group.

• Ensure review and completion of Project Check-off list throughout the project lifecycle (Activation, Configuration and Close-out).

• Monitor monthly compliance reports, to ensure timely reporting of revenue and billing deliverables by Project Manager.

• Complete project close-out procedures and communicate Project Status Action to the Global Project Services Support Group.

• Perform project level unbilled / unearned reconciliations as required.

• Monitor Unbilled, Write-off activity, Over the Limit and Contract Activation exception reports and resolve/escalate unusual activity.

• Complete assigned Monthly and Quarterly Sarbanes Oxley reporting requirements.

• Train and mentor more junior support staff.

• May be assigned responsibility for projects and/or customers.

• Perform any other duties as assigned.


Qualifications

• Bachelor's Degree Req

• 1 year’s accounting or project finance experience Req Or

• Equivalent combination of education, training and experience. Req

• Knowledge of revenue recognition, variance analysis, unbilled/unearned and cash flow management, and backlog forecasting.

• Knowledge of Peoplesoft Project.

• Knowledge of Microsoft Office applications.

• Technical accounting skills.

• Good analytical and numeracy skills.

• Ability to exercise judgment within procedures and practices to determine appropriate action.

• Ability to prioritize and coordinate multiple work requirements to meet deadlines.

• Ability to establish and maintain effective working relationships with co-workers, managers and clients.

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