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Program Finance

Company: Ultra Global Business Services
Location: Yaphank
Posted on: March 14, 2023

Job Description:

Our Maritime division is a trusted and strategic partner in the maritime defense domain, focusing on mission-centric equipment and systems primarily across the five-eyes nations. We specialize in maritime sonar, radar, acoustic expendables, signature management and power systems. Ultra Signature Management and Power (SMaP) is looking for a talented candidate for our Program Finance role.The successful candidate will be responsible for the maintenance of programs financials across Ultra Maritime SMaP on a timely basis with accurate revenue recognition, invoicing, cost, funding, gross margins, cash flow, and programmatic risks as well as monitor costs on a weekly basis ensuring that actuals are within budget and charged to the correct cost account.The Project & Cost Accounting function records the costs associated with a particular project or job in Ultra. It collects all costs, invoices, timecards, and other direct project charges and assures they are recorded in the correct charge account. The function will create data that tracks, reports on, and analyses the financial performance of projects. A professional at this grade possesses knowledge for specific fields and performs structured work assignments. Uses established procedures to solve problems by making judgments and gets work done with quality under moderate supervision. Has limited discretion to vary from established procedures.Key Responsibilities:

  • Review program costs and estimates to complete, supporting / challenging PMs and Work Package Managers
  • Review weekly/monthly timesheet bookings against programs to ensure accuracy of labor costs.
  • Maintain and analyze actual program financials against bid position and forecasts.
  • Maintain various financial schedules and sub-ledgers, particularly related to program reporting.
  • Perform variance analyses on costs, scope and schedules, and report on related risks.
  • Identify variances and support project management in resolution of outstanding issues.
  • Review the program resource requirements and monitor this against actual resources provided to the program.
  • Prepare financial customer reporting as required under program contracts.
  • Monitor program cashflow reporting, gross margin analysis.
  • Support Program Managers with customer interface when requested.
  • Assist Program Managers with Project and Excel reporting tools.
  • Assist in the program budgeting and forecasting process.
  • Assist in the preparation of R&D Expenditure Credit information or other government funding where relevant.
  • Provide program reports to PM and Senior Management as requested.
  • Oversee formal quarterly Program Cost Reviews
  • Provide detailed program inputs into the FP&A processes / budgets / forecasts.
  • Co-ordinate / ensure that program invoicing is completed on schedule, monitor unpaid invoices, and assist in the resolution of any overdue customer invoices.
  • Support month-end close processesRequired Skills:
    • BA degree in Accounting or Finance, Masters' degree is a plus.
    • 5+ years' experience in Program Finance.
    • A sound understanding of program cost accounting / project accounting is essential.
    • Experience with GAAP, IFRS accounting standards.
    • Willing to present complex financial information.
    • Ability to obtain a US Government security clearance. Security clearances are granted to U.S. citizens.Desired Skills:
      • Professional accountancy qualification an advantage.
      • The ability and desire to interpret financial information will be beneficial to the successful candidate as we are looking to develop the role further in the future.
      • Problem-solving skills are crucial to analyzing past and current performance and recommending objectives to improve productivity and profitability.
      • Strong analytical skills.
      • Defense industry experience.
      • Competent in use of Microsoft Office products.
      • Demonstrable high degree of computer literacy including familiarity with an accounting or ERP system.#ind1#LI-CL1#LI-Onsite#MAR#WeAreUltraWe offer medical, dental, vision, life, and disability insurance, health savings accounts, paid time off, and a 401(k) plan with a Company match.This contractor and subcontractor shall abide by the requirements of 41 CFR 60-1.4(a), 60-741.5(a). These regulations prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on their race, color, religion, sex, sexual orientation, gender identity, national origin, and for inquiring about, discussing or disclosing compensation. Moreover, these regulations require that covered prime contractors and subcontractors take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.Reasonable accommodation statement: if you need an accommodation for any part of the application process, please email careers@ultra-us-gbs.com

Keywords: Ultra Global Business Services, Westport , Program Finance, Accounting, Auditing , Yaphank, Connecticut

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