Project Controls Analyst

GBS Group

$75K — $98K *
Aerospace & Defense
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Accounting, or equivalent
  • 4-9 years of experience in project finance, cost analysis, or government contracting
  • Strong analytical and reporting skills
  • Advanced Excel proficiency
  • Ability to manage multiple projects independently

Responsibilities

  • Monitor and track financial health of projects with Project Managers
  • Assist in establishing and monitoring budgets and financial transparency
  • Execute financial forecasting and reconciliations for project profitability
  • Develop revenue and expense analyses, presenting monthly performance reports
  • Audit cost and price proposals for accuracy and compliance
  • Prepare invoices and manage cash flow on complex projects
  • Oversee project setup in the Business Central accounting system and manage employee expense approvals
  • Act as primary point of contact for financial deliverables and accurate reporting to customers

Benefits

  • Discretionary bonuses
  • 401(k) plan with company match
  • Paid Time Off (PTO)
  • 11 paid holidays
  • Comprehensive medical, dental, and vision coverage
  • Voluntary life and accident/critical illness insurance options
  • Company paid basic life insurance and disability coverage
Full Job Description
Project Controls Analyst

Overview:
The GBS Group is seeking a Project Controls Analyst to support our Maritime Division located in our Virginia Beach, VA office. The Project Controls Analyst will be responsible for supporting the Project Managers in overseeing the financial health of the division by assisting with analyzing project costs, revenue, risks, pricing, as well as assisting with budgets and forecasting of costs. The Project Controls Analysts compile and analyze financial information for both commercial and government contracts. Successful candidates should also be comfortable with performing other administrative functions as needed since we work in a team environment. This position reports to directly to the Project Controller Manager and serves as a key financial partner to both Upper Management and the Maritime Operational leadership team.

Responsibilities will include (but are not limited to):

The Project Analyst will predominantly be responsible for reviewing cost proposals prior to submission, project setups and financial reporting as outlined below:
  • Work closely with Project Managers to monitor and track the financial health of projects through analysis of costs, revenue, risks, and pricing.
  • Assist Project Managers with establishing and monitoring budgets, as well as providing transparency into financial performance on a routine basis.
  • Execute financial forecasting and reconciliation to ensure project accounts remain profitable and revenue recognition is balanced and accurate.
  • Assist with the development of revenue and expense analyses, as well as create and present monthly reports that provide Upper Management with the division's financial performance.
  • Assist with the development and auditing of cost and price proposals, ensuring all submissions for solicitations and quotes are accurate and compliant.
  • Strengthen the division's financial health by assisting with invoice preparation and the management of cash flow schedules on complex projects.
  • Serve as a subject matter expert in the Business Central accounting system, overseeing project setup, reviewing and approving employee expense reports, and ensuring all charging data is accurate from award to closeout.
  • Act as the primary point of contact for financial deliverables, ensuring customer's accurate and timely reporting.

Qualifications:
Candidates for this position must possess the following professional experience and qualifications:
  • Bachelor's degree in Finance, Accounting or equivalent
  • Four (4) to nine (9) years of project finance, cost analysis, or government contracting experience
  • Strong analytical and reporting skills
  • Advanced Excel skills
  • Ability to independently manage multiple projects and tasks

Desired Characteristics:
  • Have an understanding of diverse contract types, with a specific emphasis on Firm-Fixed-Price (FFP).
  • Familiarity with the Maritime industry and the nuances of project forecasting/financial analyses within this sector.
  • Direct experience with government contracting, including familiarity with DCAA rate structures, FAR knowledge, and GAAP standards.
  • Working knowledge of Earned Value Management (EVM), revenue recognition principles, and project forecasting.
  • Preference for candidates with a background in cost estimating, program management support, or contract/subcontract development.
  • Exceptional collaborative skills with the ability to interface across operational and financial teams.
  • Ability to operate independently with minimal guidance, taking full ownership of work products in a fast-paced environment. A certain degree of creativity and latitude is required.
  • Be able to demonstrate accuracy and thoroughness, strong attention to detail and ability to identify financial issues or inconsistencies.

Pay & Benefits:
  • Pay rate $75,000 to $98,000 based on experience
  • Discretionary bonuses
  • 401(k) with match
  • Paid Time Off
  • 11 holidays
  • Benefits include:
    • Medical
    • Dental
    • Vision
    • Voluntary Life insurance
    • Voluntary Accident/ Critical Illness Insurance
  • Company Paid:
    • Basic life Insurance
    • Short Term Disability
    • Long Term Disability

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