Project Finance Team Lead

Description

Verista’s 500 experts team up with the world’s most recognizable brands in the life science industry to solve their business needs. The nature of our business is to empower growth and innovation within the scientific community and to help researchers, organizations, and companies solve some of the world’s most pressing healthcare challenges. Verista provides innovative solutions and services that empower informed decision-making and are the result of our significant investment in our people and our capabilities.

Our ability to grow is driven by world-class people who thrive in a team environment and share our mission to enable life sciences clients to improve lives. Our talented and dedicated professionals are committed to making an impact every day.

Company Culture Guidelines & Values:

• We empower and support our colleagues
• We commit to client success at every turn
• We have the courage to do the right thing
• We encourage an inclusive environment where our colleagues feel respected, engaged, and challenged.
• We constantly acquire new skills and learn from our experiences to enhance our collective expertise

Job Function:

The Project Team Lead will provide oversight of project related financial and support to Operations. This role will serve as liaison between Verista functional operations and finance. The role manages work load in project finance ensuring achievement of all deliverables. The incumbent will provide guidance, training and oversight of project finance analysts and will oversee forecasting, review of actuals postings including invoices, expense reports and contractor bills. The Project Team Lead will assist in recommending, developing and incorporating process improvements in both the revenue and change order processes.

Primary Duties/Responsibilities:

• Overseeing the activities of a group of Project Finance Analysts which includes supporting, training, and reviewing all work, resolving complex invoicing issues, conducting one on one meetings with staff, assign, and direct work; conduct performance review, develop and mentor team; addressing complaints and resolving problems
• Monitor and report on unbilled receivables for Project Finance Analysts once invoicing is complete
• Assist with month end close to ensure deadlines are met
• Reconcile certain subledger accounts to the general ledger, including, but not limited to, AP, AR, contract assets, deferred revenue, subcontractor accrual, undeposited funds, etc
• Preparing, reconciling and analyzing revenue and project profitability reporting and associated metrics; assist Project Finance Manager in ensuring revenue recognition of Projects complies with GAAP accounting standards
• Point of contact for all procedural and policy questions and issues and assists in development and implementation of new accounting procedures
• Coordinates with Operations and Sales team members to resolve invoicing errors and/or adjustments to collect overdue customer invoices
• Conducts periodic audit of available funding of Projects and oversees the project finance analyst audits
• Oversee training of billable resources on standard company policies and procedures, and time and expense entry
• Work closely with Project Finance Manager, Financial Planning and Analysis team in elements of financial reporting, backlog reconciliation, compliance, auditing, and tax
• Produce financial and other business analyses, interpret, and investigate data for operations for assigned projects and Serve as a key contact point for interpretation and investigation of financial results in assigned area
• Work with FP&A Team to forecast revenue by Project and understand how the forecast impacts the departments’ financial outlook
• Works with Operations and Client Partners to analyze the revenue forecast of each project and examine how the forecast impacts the department’s financial outlook working with Operations Finance
• Assist with special reporting requests from management such as annual audit related questions
• Post and ensure monthly account transactions in a timely manner to maintain up to date accounting ledgers by team members
• Performs other responsibilities as assigned

Required Knowledge/Experience:
This position requires the following skills/job knowledge:

• B.S. Degree in Business (Accounting or Finance preferred)
• 4 – 5 years of project finance experience managing projects with accounting and forecasting experience or relevant experience
• Experience in project analysis and forecasting
• Experience using Excel to develop complex models

Required Skills:

Successful candidates for this position will meet the following criteria:

• Ability to leverage experience and knowledge to help motivate team members to increase efficiency, productivity and achieve success
• Ability to define problems, evaluate potential solutions and implement the resolution
• Read, analyze, and interpret general business policies, technical procedures, or governmental regulations
• Ability to write reports, business correspondence, and procedure manuals
• Ability to effectively present information and respond to questions from Project Accountants, customers, billable resources, and other Verista employees
• Exceptional proficiency with MS Office products, MS Word, MS Excel, MS PowerPoint with experience in Certinia and Data Rails optimal

Required Abilities: 

• Demonstrated capability to deliver on the Manager Responsibilities previously defined
• Ability to manage multiple tasks simultaneously with accuracy and within timeline assigned
• Ability to serve as a peer mentor and influence without authority required
• Ability to serve as a trusted advisor to internal business partners and provide financially sound recommendations on project finances
• Exceptional attention to detail, accuracy, organizational, interpersonal and teamwork skills
• Strong oral and written communication. Will need to communicate via phone and email. Must be professional and demonstrate a positive attitude
• Excellent interpersonal skills
• Ability to work in a group and in one-on-one settings
• Self-motivated with effective time management and prioritization skills and ability to multitask
• Exhibit Verista values
• Willingness and desire to be challenged

Supervisory Requirements:

This position will supervise a 1-2 Project Finance Analysts including mentoring and developing the team.

Work Environment and Physical Demands:

• FLSA executive and professional positions paid on salary basis, where project requirements and tight client deadlines may require workweeks in excess of 40 hours (including weekends or holidays)
• Ability to travel as required in support of client projects
• Significant desk work on a computer
• Lifting requirements on occasion– 35 lbs. per OSHA requirements

This position description merely illustrates this position. Duties, responsibilities, and activities may change with or without notice.

Benefits

Why Choose Verista?

• High growth potential and fast-paced organization with a people-focused culture
• Competitive pay plus performance-based incentive programs
• Company-paid Life, Short-Term, and Long-Term Disability Insurance.
• Medical, Dental & Vision insurances
• FSA, DCARE, Commuter Benefits
• Supplemental Life, Hospital, Critical Illness and Legal Insurance
• Health Savings Account
• 401(k) Retirement Plan (Employer Matching benefit)
• Paid Time Off (Rollover Option) and Holidays
• As Needed Sick Time
• Tuition Reimbursement
• Team Social Activities (We have fun!)
• Employee Recognition
• Employee Referral Program
• Paid Parental Leave and Bereavement

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For more information about our company, please visit us at Verista.com