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Lead Financial Program Manager
2 months ago
Located in Washington State, magniX stands at the forefront of electric propulsion technology for the aerospace and defense sectors, aiming to transform global connectivity through innovative aircraft power solutions. As we prepare to introduce our groundbreaking technology and products to the market, we invite you to be part of a dedicated team that is pioneering the next era of aviation.
Position Summary
Reporting directly to the Vice President of Finance, the Senior Program Finance Manager is tasked with the essential role of delivering precise and dependable reports that illustrate the status, activities, and financial health of various programs. This position involves a thorough analysis of program data, monitoring progress against established baselines, and providing timely reports to both internal and external stakeholders. Given that the U.S. Government is a significant client, expertise in government contracting and accounting is crucial, particularly in Earned Value Management reporting and compliance. The ideal candidate will possess strong analytical capabilities, meticulous attention to detail, and proficiency in project management tools.
Key Responsibilities
1. Financial Analysis and Reporting
- Perform comprehensive financial analysis of program budgets, expenditures, and forecasts to ensure precision and alignment with financial objectives.
- Oversee program cost tracking and guarantee accurate and timely invoicing to clients.
- Establish and monitor performance metrics related to program finance.
- Analyze program data to derive earned value metrics, including Cost Performance Index (CPI) and Schedule Performance Index (SPI).
- Create and maintain dashboards related to programs, utilizing tools such as Tableau or Power BI to visualize key performance indicators (KPIs) and trends.
- Identify and implement enhancements to program reporting processes, including data integration across systems to improve efficiency and accuracy.
- Contribute to the development and implementation of new financial tools and systems.
- Conduct ad hoc financial analysis and reporting as requested by management.
2. Forecasting and Budgeting
- Collaborate with program and project managers to ensure accurate and timely financial forecasting and budgeting.
- Monitor program budgets against established baselines.
- Identify variances promptly and prepare variance analysis reports to assist program and project managers in business management.
- Provide input for the annual budgeting and forecasting processes.
3. Compliance and Risk Management
- Ensure timely submission of earned value statements, financial reports, and invoices to government clients, adhering to regulatory requirements.
- Maintain documentation related to earned value reporting processes.
- Offer financial support concerning government contracting.
- Implement and uphold financial controls and procedures to ensure compliance with relevant regulations and internal policies.
- Identify and evaluate financial risks associated with programs, proposing and executing mitigation strategies as necessary.
- Stay informed about industry trends and regulatory changes affecting project finance, providing training and guidance to team members as required.
- Support all program-related audits and information requests.
4. Collaboration and Communication
- Work collaboratively with teams including Finance and Legal to provide financial insights and ensure accurate program financial reporting and compliance.
- Develop and sustain strong working relationships with program and project managers, business partners, and clients.
Qualifications:
- Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
- A minimum of seven years of experience in program finance, financial analysis, or reporting roles within project-based industries such as manufacturing, engineering, or infrastructure.
- Prior experience and knowledge in government contracting and accounting.
- Strong understanding of Earned Value Management, Indirect Cost Rates, and CPI and SPI metrics.
- Excellent analytical and quantitative skills with the ability to interpret complex financial data.
- Exceptional attention to detail and accuracy in reporting.
- Knowledge of accounting principles, standards, and regulations.
- Proficient in Earned Value Management software and MS Office, including pivot tables and report creation.
- Adept at learning new accounting systems.
- Strong communication and interpersonal skills, capable of conveying financial information effectively to diverse stakeholders.
- Strong organizational and time management abilities.
- Ability to thrive in a team environment, with a proactive approach to continuous improvement.
This job description is intended to provide a general overview of the responsibilities and qualifications for the position. Duties and responsibilities may evolve over time.
Requirements: Must be a U.S. Citizen.
Compensation & Benefits: magniX offers a comprehensive benefits package, including:
- 100% company-paid premiums for medical, dental, and vision insurance for employees and their dependents.
- 9.5% 401K company contribution.
- Life and ADD&D insurance.
- Long-term and Short-term Disability Insurance.
- Employee Assistance Program (EAP).
- Four weeks of paid vacation plus an additional week for an annual end-of-year shutdown, sick time, and 11 paid holidays.
- Catered Friday lunches and quarterly company events.