Financial Analyst Specialist
5 months ago
**Business Partnership incl. Commercial support**:
- Provides support to the BU assigned
- Upon request, assists with cash flow curve, billing clauses, tax and treasury implications, price estimates at the bid stage
- Participates in processes that enable the project to effectively manage its costs. Assists in identifying and implementing specific cost reductions
- Assists in review of contract commercial terms and conditions, including tax and payment terms, to identify areas of potential project gross margin improvement, ensures accurate recovery of all costs as defined in the contract and variation orders and ensures non-billable costs are minimized
- Supports BU on daily BAU volume monitoring
- Ensures contractual agreement compliance and participates in audits and resolution activitiesEnsures the Delegation of Authority (“DOA”) is adhered to for write-off of time, expenses, or invoices, non-billable time is approved per DOA, request for continuance of work where requiredAssists in burden reconciliation (including burden bands, percentages, contract type) to ensure burden recoveries are correct and up-to-date and avoid gross margin slippages.
**Project Initiation / Closure / Audit Support**:
- Set up and maintenance of projects in SAP in accordance with accounting policies, pricing schedules, customer details, payment plans, invoicing calendars, and multicurrency billing
- Assists in the interpretation of contract terms and conditions and ensures that the commercial terms are built into the project set ups to maximize profitability
- Monitors the Comprehensive Portfolio Review projects
- Ensures that projects are financially maintained (change management) and closed once work completed and working capital is collected
- Supports project audits (including client audits)
**Reporting / Analysis/ Forecasting**:
- Month end closing activities for revenue and cost of sales by ensuring accuracy and proper cut-off, including reconciliation of cost of sales invoices vs billing, accrual of costs and charging out of prepayments
- Revenue recognition in line with MFRS-15, including lump sum calculations
- Prepares trade related reconciliations, including cost of sales, trade prepayments and accruals, accrued and deferred revenue
- Produces and analyzes trend and variance reports as required
- Ensures revenue and costs are matched on a monthly basis through use of cost accruals if required (Including Interco matching)
- Ensure project provisions are correctly accounted for and in line with DOA and MFRS
- Supports the BU on the BU overall profit and loss, customer and product profitability
- Provides the link between Shared Services Centre (SSC) and project for relevant items, providing support to ensure correct cost allocations
- Contributes to the Project forecast to be included in the business unit budget/forecast. Includes liaison with Project Manager and detailed review to ensure its accuracy.
- Responsible for TM1 entry of project forecasts
- Assists with maintenance of SAP/TM1 project assumptions and relevant mapping for actual/forecast reporting
- Ensures the accuracy of financial data as reported in monthly Project Reviews through collaboration with project team
- Works closely with project operations, controls, and billing coordinators to improve project administration processes and effectiveness
**; Requirements: - Job Requirements**:
- At least 3 years working experience in financial planning and analysis or commercial finance
- Experience in business partnering is preferred
- Proficiency in Microsoft Office such as Excel and PowerPoint
- Up-to-date knowledge of:
- Approved accounting standards issued by MASB
- Companies Act
- Malaysian tax regulations
- Relevant laws and regulations
- Analytical ability in reviewing financial information
- ERP knowledge and experience will be an added advantage
- Committed, self-driven, independent, strong team player and able to work in a dynamic environment
- Exceptional communication skills working with multiple levels of management
- Pro-active in resolving queries and problems and highlighting future potential areas of risk
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