Worldwide Clinical Trials · India
SUMMARY: The role of Project Analyst is to manage the financial health of our projects, working closely with the project to team to accurately record all financial data, report financial data clearly to the Project team and be the financial expert for client interactions. The project analyst does this through collaboration, educating and, when necessary, challenging teams. The Project analysts has the responsibility to escalate any financial concerns through the appropriate escalation routes.
RESPONSIBILITIES:
Tasks may include but are not limited to:
Work with Project Management Team to accurately record actual units and corresponding value completed on a monthly cycle
Work with Project Management Team to accurately forecast future units and revenue
Perform analysis on actual hours and cost versus budget to ensure profitability
Review that projected resource assignments are in line with forecasted work
Ensure invoices are raised as soon as applicable
Monitor the total project cash position including services, PTC’s, Grants, outstanding invoices, advances, etc.
Accurately record financial data in required systems.
Ensure compliance with audit requirements and support the year end and interim audit processes
Support the Change Order process through the accurate recording of changes in scope and review/approval of Change Order budgets and payment schedules.
Stay up to date with local and global revenue regulations
Ensure accurate reporting to clients in a timely manner in line with client requirements
Work on projects and areas of specialty as agreed with the Lead/Senior Project Analysts
Perform other duties as assigned. The duties and responsibilities listed above are representative of the nature and level of work assigned and are not necessarily all-inclusive.
OTHER SKILLS AND ABILITIES:
Ability to influence and challenge as required
Excellent written and verbal communication skills to clearly and concisely present information, including English language proficiency
Understanding of the financial aspects of projects from Study Award to Project Close Out
Familiar with revenue recognition on a percent complete basis
Creating financial presentations and effectively communicating them to non-financial coworkers and clients
Take responsibility for self-learning
Preferred work experience in business or finance
REQUIREMENTS:
Bachelor’s degree or 4-year equivalent degree
Strong analytical skills
Proficient in Microsoft Excel
Promotion to the next level is not automatic based on years of experience. Personnel are evaluated on proven competency, level of responsibility, and ability to work independently.
