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Job Description:

Parsons is looking for an amazingly talented Sr. Financial Specialist (Remote)

to join our team! In this role you will get to support the Cost and Pricing/cashflow review during the EPR and various assigned task.

What You'll Be Doing:

• Vet all new Joint Venture Partner prospects by reviewing Audited Financial Statements.  Ensure that the partners have the net worth available to meet financial obligations as a Joint Venture Partner. 

• Review new Teaming Partner and Joint Venture Agreements for new proposals to ensure that Parsons best interests are being considered as it relates to Finance and Cashflow. 

• Work directly with PricewaterhouseCoopers on their Integrated Delivery contract selections to ensure that annual Audit Requirements are met. 

• Support Internal Audit during their review process of Integrated Delivery selected projects.

• Bid Opportunities – Review the Cost and Pricing and the Cashflow Assumptions prepared by estimating department.  Ensure that proper levels of contingency are established and that potential opportunities for maximizing cashflow are explored by the Business Development Team. 

• Work with the Project Teams to ensure that new projects are set up properly and in accordance to GAAP. Ensure that the ASC606 standard of Accounting is implemented if a new contract requires it.

• Ensure that risks and opportunities on existing projects are communicated clearly to upper management in a timely fashion. 

• Support PMs on billing kick-off meetings and ensure that for new projects that billings get streamlined and sent out timely.

• Support in quarterly cashflow forecasting and support in revising the cashflow forecasting process in order to make the forecasting model a better tool. (always evolving to make better).

• Monitor potential cash receipts monthly and follow up with project teams on a weekly basis to maximize monthly cashflow.

• Update required monthly Corporate Reports for Integrated Delivery Projects:  NAV over $5M, retention, negative cashflow, Exposure Report, claims report.

• Support Project Managers to ensure forecasts are correct and ensure that proper revenue recognition is being followed monthly.  This includes monitoring subcontractor accruals to ensure that proper earned value is being represented for the subcontractor work completed.

• Work with the Project Teams and Joint Venture partners on quarterly forecast updates. Coordinate with Joint Ventures and Parsons Project Teams on the monthly spend anticipated for forecast period. This includes reviewing the EAC position with the JV Partners. (Developing a relationship with your JV Counterpart is key).

• Where appropriate, review cashflow projections from Joint Venture partners.

• Work with Joint Ventures to ensure GAAP rules of Accounting are being followed.  The Integrated Delivery Team reviews monthly JV Cost Reports and JV Financials to identify abnormalities. 

• Prepare Integrated Delivery monthly risks and opportunities for the Sector Managers.

• Utilize ODBC connections with PRISM, PWORKS, to create various automated queries to help streamline PM and Operations, and BD requests.

What Required Skills You'll Bring:

• Bachelor's degree in Accounting or Finance

• 10+ years of related work experience

• Experience in dealing with various difficult types of contracts is desired. (e.g., firm fixed price, fixed price with economic price adjustment, fixed price incentive, cost reimbursement, cost sharing, cost plus incentive fee, cost plus award fee, cost plus fixed fee, and time and material)

• Requires a strong knowledge of GAAP. 

• Able to understand and translate Financial Statements to identify risks and issues.

• Must have strong written and oral communication skills

• Proficiency in Excel, Word, Adobe

• Potential to perform in a lead capacity is also required.

 

Security Clearance Requirement:

None

This position is part of our Corporate team.

For over 80 years, Parsons Corporation, has shaped the future of the defense, intelligence, and critical infrastructure markets. Our employees work in a close-knit team environment to find new, innovative ways to deliver smart solutions that are used and valued by customers around the world. By combining unique technologies with deep domain expertise across cybersecurity, missile defense, space, connected infrastructure, transportation, smart cities, and more, we're providing tomorrow's solutions today.

Salary Range: $100,900.00 - $176,600.00

We value our employees and want our employees to take care of their overall wellbeing, which is why we offer best-in-class benefits such as medical, dental, vision, paid time off, Employee Stock Ownership Plan (ESOP), 401(k), life insurance, flexible work schedules, and holidays to fit your busy lifestyle!

This position will be posted for a minimum of 3 days and will continue to be posted for an average of 30 days until a qualified applicant is selected or the position has been cancelled.

Parsons is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, veteran status or any other protected status.

We truly invest and care about our employee’s wellbeing and provide endless growth opportunities as the sky is the limit, so aim for the stars! Imagine next and join the Parsons quest—APPLY TODAY!

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