Description
WSP is currently looking for an Intermediate Project Financial Advisor in the United States to support its Earth and Environment business line.
The Project Financial Advisor serves as a trusted business partner to Project Managers, helping to drive project profitability, financial compliance, forecasting accuracy, and overall financial performance across a portfolio of projects.
Responsibilities
Financial Partnering & Project Support
- Contribute to the sound financial management of projects by working as an active financial partner to Project Managers, ensuring adherence to contractual obligations and financial terms.
- Provide guidance on initial project setup, including Work Breakdown Structure (WBS) development, budgeting, rate selection, and pricing tool development inputs.
- Advise on project financial planning and risk identification.
- Support the review of category rates and labor structures to help maintain project recoverability and financial performance.
- Review labor structures to identify and flag areas for rate optimization and margin improvement.
- Advise on project funding, billing methods, and rates for assigned projects.
- Identify and communicate margin-related observations and cost-to-serve considerations to support financial performance.
- Support the assessment of financial impact of subcontracts to ensure alignment with prime contract and profitability objectives.
Financial aspects of Contract Execution, Structure & Policy Compliance
- Monitor execution of customer contracts for financial nuances.
- Review and validate project structure in Project Portfolio Management (PPM).
- Ensure compliance with financial policies, delegations of authority, and revenue recognition standards.
- Coordinate and review Disadvantaged Business Enterprise (DBE)/ Women Business Enterprise (WBE)/ all business enterprise categories (XBE) reporting requirements.
Forecasting, Planning & Financial Alignment
- Perform margin impact and financial impact calculations.
- Monitor the project-level forecast cycle for assigned projects.
- Review project budgets and forecasts to support the Project Manager in validating assumptions and financial accuracy.
- Monitor mitigation action plans as directed by the Project Manager and report progress.
- Perform revenue accruals, whenever required.
- Manage sub-contracting activities.
Project/Portfolio Performance Management
- Contribute to project performance reviews through analyses and commentary on relevant financial indicators.
- Review key measures and financial tracking.
- Monitor performance against Key Performance Indicators (KPIs) and flag variances.
- Participate in review meetings with Project Managers.
- Investigate recurring financial variances and escalate findings.
- Validate proper contract setup controls.
- Support active monitoring of Work at Risk (WAR).
Audit, Assurance & Customer/Regulatory Responses
- Respond to customer audit requests.
- Review and collaborate with project team on finance-specific responses to audit requests.
- Ensure records, calculations, and decision logs are audit-ready and retained per policy.
Cross-Functional Integration & Escalation Resolution
- Collaborate with various teams to address escalations.
- Proactively escalate recurring issues.
- Identify and assign time and cost transfers and allocations.
Finance Business Partnering Activities
- Foster a strong understanding and consistent application of corporate financial governance and controls.
- Identify and escalate any financial exceptions.
- Support Operations and Business Finance teams in delivering initiatives.
- Support project financial performance monitoring and documentation.
Requirements
- Bachelor’s Degree in Accounting, Business, or closely-related discipline.
- 1 to 3 years of project finance or commercial finance experience.
- Suitable qualifications/accreditations in Accounting/Finance/Business.
- Proficiency in Project Target & Performance tracking and Project-Based Accounting.
- Solid grasp of project accounting, financial reporting, and margin analysis.
- Experience in commercial support.
- Demonstrated experience supporting a multi-project portfolio.
- Advanced Excel skills and proficiency in MS Office and ERP tools.
- Experience with PowerBI or other data visualization tools.
- Self-starter who can work independently as well as collaboratively.
- Comfortable working in a fast-paced environment with multiple priorities.
- Exceptional stakeholder relationship management and engagement skills.
- Critical thinking and problem-solving skills.
- Effective interpersonal and communication skills.
- Strong planning, prioritization, and time management abilities.
- Strong analytical and problem-solving capabilities.
Benefits
WSP provides a comprehensive suite of benefits focused on providing health and financial stability throughout the employee’s career.
Compensation
Expected Salary: $73,000-$95,000