Description
The Project Financial Advisor (PFA) acts as a trusted finance partner to project delivery teams, ensuring alignment of financial outcomes with enterprise objectives.
Financial Partnering and Project Support
- Contribute to sound financial management of projects by working as an active financial partner to Project Managers.
- Provide guidance on initial project setup, including Work Breakdown Structure (WBS) development, budgeting, and pricing tool development inputs.
- Advise on project financial planning and risk identification.
- Support review of category rates and labor structures to maintain project recoverability and financial performance.
- Review labor structures to identify 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.
- Support assessment of financial impact of subcontracts.
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 project-level forecast cycle for assigned projects.
- Review project budgets and forecasts to support Project Manager in validating assumptions and financial accuracy.
- Monitor mitigation action plans and report progress.
- Perform revenue accruals and advise on other financial adjustments.
- 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 and coordinate evidence and formal responses.
- Review and collaborate with project team on finance-specific responses to audit requests.
- Ensure records, calculations, and decision logs are audit-ready and retained.
Cross-Functional Integration & Escalation Resolution
- Collaborate with PFOs, Billing, Collections, Cash App, FP&A, Controllership, and business teams.
- 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.