Financial Analyst - Cambridge, Canada - BWX Technologies

BWX Technologies

Verified Company

Cambridge, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

BWXT Canada Ltd. is a world leader in design, engineering, manufacture, construction and service of nuclear power generation equipment. As a supplier of innovative, high-quality nuclear components and services we cater to a worldwide customer base.

We take great pride in supplying highly engineered solutions that allow our customers to compete within the complex nuclear power generation industry.

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

JOB PURPOSE

Reporting to the Manager, Project Accounting, this position monitors all financial aspects of contracts which includes project set-up, budget changes and revenue recognition.

Prepares and issues sales invoices to customer and follows up on accounts receivables. Accounting for F/X forward contracts as it relates to the project. Prepares weekly, monthly and quarterly forecasts, financial reports and variance analysis reports.

This role has functional relations with virtually every other department in the company including Purchasing, Manufacturing, Legal, Engineering, Sales, Proposals, Project Accounting, Business Unit Manager, etc.

(shared nature of interests).

Communicates with external parties, including customers for invoicing status, external auditors and other accounting groups within the Nuclear Power Group (shared nature of interests).

Communicates accounting standards to Project Management and other groups in regard 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 ASC60
Accounting for F/X forward contracts as it relates to the project.
Set up and maintain projects in SAP & Timberline systems.
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 costplus 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 cooriginating 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 (i.e. SAP and BPC HR PROJ).

KNOWLEDGE AND EXPERIENCE

Degree or diploma in an accountingrelated discipline complemented by a minimum of 5 years handson accounting experience, preferably in a manufacturing environment. Accounting

designation or an enrollment in an accounting designation program would be an asset.

In depth knowledge of Microsoft Office, mainly Excel. Knowledge in SAP would be an asset.
Hands on, detailoriented with excellent analytical skills.
Proven problem solving abilities.
Good relationshipbuilding skills with a commitment to supporting a team.
Please note this is not a remote position._

WHY JOIN BWXT?