Project Financial Control Analyst

The Projects Financial Control Analyst at NERA is responsible for monitoring and controlling the financial performance of commercial and strategic projects. This includes budget tracking, cost control, financial reporting, forecasting, and variance analysis. The role ensures that project expenditures align with approved budgets and contractual terms, supporting financial accountability, profitability analysis, and overall commercial transparency within NERA’s project portfolio, within the set KPIs, agreed budgets and adopted policies and procedures.

Core Responsibilities:

Project Financial Monitoring and Control

• Monitor the financial status of ongoing projects, ensuring alignment with approved budgets, forecasts, and contractual conditions.
• Track project expenditures and commitments, identifying deviations and ensuring corrective actions are taken.
• Validate and review project cost entries, progress invoices, and financial documentation in coordination with the finance and project management teams.

Budgeting and Forecasting

• Support the development and revision of project budgets in coordination with project managers and the Commercial PMO.
• Provide input into the rolling forecasts and monitor financial projections across the life cycle of the project.
• Conduct periodic reforecasts and prepare cash flow projections for short-term and long-term financial planning.

Variance and Profitability Analysis

• Perform variance analysis between actual costs and budgeted figures, identifying key drivers and root causes.
• Conduct profitability analysis at the project level and assist in the review of margin performance against targets.
• Prepare analysis reports to advise management on project cost trends and financial implications.

Project Accounting Support

• Assist in project accounting, including tracking project-specific revenues, expenses, and assets.
• Liaise with the Finance Department to ensure proper recognition of revenue and accruals in line with IFRS or applicable accounting standards.
• Support monthly closing activities and ensure that project financial data is accurately reflected in NERA’s financial systems.

Financial Reporting and Compliance

• Prepare monthly and quarterly financial reports on project financial health for senior leadership.
• Ensure compliance with internal controls, financial procedures, and contractual obligations related to project finances.
• Contribute to audits by preparing required financial data and responding to audit inquiries related to project performance.

Stakeholder Communication

• Collaborate with project managers, procurement, and contracts teams to ensure financial controls are integrated throughout the project life cycle.

• Provide support in the financial evaluation of change orders, extensions, and variation claims.

• Assist in preparing commercial inputs for client reports and presentations as needed.

Policies, Processes and Procedures

• Day-to-Day Operations and Compliance: Conduct day-to-day activities while ensuring adherence to policies and procedures.

• Continuous Improvement of Systems and Processes: Contribute to the identification of opportunities for continuous improvement of systems and processes, considering leading practices, changes in the business environment, cost reduction, and productivity improvement.

Qualifications:

• Minimum of 0 to 3 years of experience in project financial control, budgeting, or FP&A, preferably in engineering, infrastructure, or technology-related projects.
• Bachelor’s Degree in Accounting, Finance, Business Administration, or related field.