Financial Analyst

Financial Analyst is responsible for analyzing, monitoring, and managing the financial aspects of organizational projects. This role involves budgeting, forecasting, financial modeling, and evaluating project performance to ensure alignment with financial and strategic objectives. The analyst will collaborate with project managers and stakeholders to provide actionable insights and support data-driven decision-making.

Financial Planning and Budget Management:

• Monitor and update and maintain project budgets in the company’s financial systems.
• Review and approve financial transactions, including Purchase Orders (POs), Freelancer Budgets, and IOUs, ensuring all updates are reflected in cost sheets and databases.
• Monitor and manage provisions for open POs and ensure project expense estimates align with month-to-date (MTD) forecasts.

Revenue and Cost Analysis:

• Prepare and share detailed cost sheets with Project Managers for accurate project budgeting and revenue tracking.
• Generate sales invoices for advance payments, progressive payments, and final settlements, ensuring compliance with financial timelines.
• Reconcile revenue and expenses for closed projects, maintaining alignment between Dynamics systems and cost sheets. Accounts Receivable and Collections.
• Oversee and update collection reports, ensuring timely reporting for executive meetings.
• Track and record collection entries to maintain accurate accounts receivable records.
• Follow up with the Commercial team to issue pending sales invoices for completed projects.

Expense Management and Vendor Coordination:

• Collaborate with Procurement and HR teams to ensure all project-related invoices, including hotel expenses, airfare, rental cars, casual labor, and staff allowances, are submitted and processed.
• Handle project-related freelancer agreements and track non-PO invoices for accurate expense reporting.
• Coordinate freelancer payments by securing necessary approvals and liaising with the payments team.
• Oversee project supplier payments, confirming approvals and processing with the Finance and Payments teams.
• Manage petty cash and ensure proper expense tracking for specific projects.

Reporting and Reconciliation:

• Prepare comprehensive financial reports, including profitability analyses, event-wise summaries, and monthly sales reports.
• Perform reconciliations for deferred expenses, deferred revenues, and accounts receivable aging.
• Conduct month-end reconciliations to ensure the accuracy of financial records and project reports.
• Working on yearly audit with accounting team and provide all necessary reports and analysis related to projects.

Collaboration and Stakeholder Engagement:

• Partner with project teams to align financial strategies with project objectives.
• Act as the finance point of contact for project stakeholders, addressing financial queries and concerns.
• Liaise with external partners or funders regarding project financial matters.