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Financial Analyst

Financial Analyst

BWX Technologies, Inc.Cambridge, ON, CA
30+ days ago
Salary
CA$25.00–CA$27.00 hourly
Job description

Job Description / Duties :

Job Summary :

Responsabilities

Summary Description of Job :

Financial Analyst

Date : Jul 13, 2024

Location : Cambridge, ON, CA

Company : BWX Technologies

We have an opportunity for a Financial Analyst at our Cambridge, Ontario location.

JOB PURPOSE

Monitor all financial aspects of contracts which include project setup, budget changes and revenue recognition. Prepare and issue sales invoice to customer and follow up on accounts receivables. Accounting for F / X forward contracts as it relates to the project. Prepare weekly, monthly, quarterly forecasts, financial reports and variance analysis reports.

Functional relations with virtually every other department in the Company including Purchasing, Manufacturing, Legal, Engineering, Sales, Proposals, Project Accounting, Business Unit Manager s,etc. Communicate with external parties, including customers for invoicing status, external auditors and other accounting groups within NPG. Communicates accounting standards to project management and other groups in regards to revenue recognition.

WHAT YOU WILL BE DOING

Projects and Sales Orders

  • Responsible for Fixed Price and Time & Material contracts (primarily long term, complex projects or projects that may have a Joint Venture).
  • Determine contract Revenue Recognition per ASC606.
  • Accounting for F / X forward contracts as it relates to the project.
  • Set up and maintain projects in SAP & Timberline.
  • Upload Project Structures and Budgets to SAP.
  • Prepare paperwork for contract changes (sell price and budget changes).
  • Monitor budget, costs and cash flow; Budget vs. actuals.
  • Complete month end accruals for revenue recognition or other project accruals that are required.
  • Review month end revenue recognition results for projects and sales orders.
  • Prepare monthly project variance reports as required.

Customer Invoicing

  • Work with Project Manager to issue Contract milestone billings.
  • Review cost reports and prepare sales invoices for customer including Time and Material Billings.
  • Obtain documents to support cost-plus billings as well as reconcile WIP.
  • Monitor customer invoicing vs. purchase order values and follow up on accounts receivables.

    • Forecasting

  • Monthly forecast for backlog projects, including bookings, revenue, actual cost, gross profit, billings, receipts as well as treasury cash forecast.
  • Work with Project Managers and Project Controls to forecast backlog projects through contract life cycle. This includes co-ordinating meetings with purchasing in order to forecast vendor purchases.
  • Enter quarterly forecast in BPC and ensure the forecast is balanced in BPC. The forecast is completed for all assigned backlog projects, sales orders as well as New Business Projects. (This may include reviewing forecast for other business units).

    • Meeting Preparation

  • Prepare documents for internal cost review meeting as follows; contract profit statement (hours and dollars), risk and opportunity list, CCN reports, billing schedule, cash flow, aged accounts receivable.
  • Work with Project Manager to complete Risk and Opportunity list as well as Critical Issues.
  • Provide documents for internal monthly reviews, i.e. project review meetings.

    • Additional Activities / Special Requests

  • Provide information to internal and external auditors. This includes assisting the manager of project accounting and taking the lead and coordinating requests with various personnel in accounting and other departments.
  • Ensure audit and SOX and COSO requirements are being followed.
  • Provide input and update quarterly / yearly corporate templates.
  • Review ACE requests and provide feedback to the manager of project accounting.
  • Various account reconciliations, this may include reconciling data in various software systems (Eg. SAP and BPC HR PROJ).

    • KNOWLEDGE AND EXPERIENCE

  • Degree or diploma in an accounting-related discipline complemented by a minimum of 5 years hands-on accounting experience, preferably in a manufacturing environment.
  • Accounting designation or enrolment in an accounting designation program would be an asset.
  • In depth knowledge of Microsoft Office, mainly Excel. Knowledge SAofP would be an asset.
  • Advanced experience of spreadsheet applications, data manipulation techniques, vlookup, formulas, macros.
  • Hands-on, detail-oriented with excellent analytical skills.
  • Proven problem solving abilities.
  • Good relationship-building skills with a commitment to supporting a team.

    • WHY JOIN BWXT?

  • Work within the growing and exciting nuclear industry as well as with highly skilled employees!
  • Competitive salaries
  • Employer-paid pension plan
  • Profit sharing plan
  • Bonus plan
  • Competitive Health and Dental benefits
  • Educational Refund Program
  • Life insurance… and so much more!

    • Please note this is not a remote position.

    Want to work in an inclusive and collaborative environment? Come join the BWXT Team… we’ve been waiting for you.

    We thank you for your interest, however, only candidates under consideration will be contacted.#LI-LC1

    The base salary range for this position in [[Ontario]] at the start of employment is expected to be between $[[74,000]] and $[[111,000]] per year. However, the base salary offered is based on local job market factors and may vary further depending on factors specific to the selected job candidate, such as job-related knowledge, skills, experience, and other objective business considerations. Subject to these considerations, the total compensation package for this position may also include other elements, such as an annual cash incentive in addition to a full range of medical, retirement, and / or other benefits. Details of participation in these benefit plans will be provided at such time the selected job candidate receives an offer of employment.

    Learn more about how BWXT employs nuclear technology to solve some of the world’s most important problems. BWXT’s showcases our innovation in commercial nuclear power, addressing climate change, as well as our advanced nuclear medicine products treating patients around the world. We are People Strong. Innovation Driven.

    BWXT Canada Ltd. embraces diversity of thought, values individuality, encourages new perspectives and provides equal opportunity in employment for all qualified employees and applicants without regard to race, ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity, gender expression, age, record of offences, marital status, family status or disability, or any other category protected by provincial law. BWXT Canada is committed to fostering an accessible, fair, and inclusive environment where all employees are able to access goods while being respected and supported. If you require accommodations during the application or interview process, please advise us as soon as possible so appropriate arrangements can be made. If you require information in a format that is accessible to you, please contact Human Resources.

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