POSITION OVERVIEW

BANANAS Inc. is searching for an experienced Finance Analyst in cost accounting. The successful candidate needs strong analytical skills, proficiency in accounting and finance, a solid foundation in GAAP, excellent communication and collaboration skills, and the ability to handle competing priorities.

QUALIFICATIONS & EXPERIENCE

• BA/BS in Accounting, Finance, Business Administration, or equivalent experience
• Solid understanding of financial concepts, budgeting, and forecasting
• Solid understanding of GAAP principles, nonprofit financial management, government contracts, and cost accounting
• Strong proficiency in Excel, Word, and PowerPoint (MS Office), G-Suite, Oracle NetSuite or similar accounting enterprise resource planning (ERP) systems
• Outstanding presentation, reporting, and communications skills, drawing conclusions, and communicating results
• At least three to five years of experience working in finance department team environment
• At least three to five years of experience with project cost accounting
• Experience working in the nonprofit space is a plus

PHYSICAL REQUIREMENTS

While performing the duties of this job, the employee is regularly required to sit, talk, and hear. The role frequently involves the use of hands to type, handle, or feel; and occasionally requires reaching with hands and arms. Specific vision abilities required include close vision, color vision, depth perception, and the ability to adjust focus.
The position is primarily sedentary, though some standing, walking, and filing may be required. The employee may occasionally need to lift or move office supplies and materials up to 10 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position.

KEY RESPONSIBILITIES

• Review and analyze financial aspects of projects (government/foundation grants) from inception to completion
• Budgeting and tracking of project costs, comparing budget to actual costs, and identifying variances.
• Financial data collection and analysis of project expenses and trends.
• Lead monthly meetings with program management to review project budget vs. actuals, trends and projections.
• Assist with month-end close, financial reporting, contract billing, and revenue reconciliation.
• Communicate with funders regarding accounts receivable, financial reporting, auditing, and invoicing.
• Other special projects as needed.

MAJOR DUTIES

Budgeting & Forecasting

• Development of project budgets and forecasts to accurately track and manage costs. Identify and report cost variances.
• Estimate costs for projects or services and forecast future expenses. Develop and maintain financial models, trend analysis, and other ad hoc reports to analyze and forecast current and future cost drivers to support strategic decisions.
• Meet with program managers on a monthly basis to discuss contracts budget-to-actual, identifying variances and providing actionable insights. Collaborate with program managers to forecast expenses and track contract information.
• Prepare detailed reports on cost analysis findings (projects’ costs, expenses, other). Offer creative alternatives to reduce costs and improve financial performance. (Prepare comprehensive reports on cost analysis findings and recommend strategies for cost reduction and improved financial performance)
• Provide data for RFP (Request for Proposal) solicitations as needed.

Month End Close, Financial Reporting & Contract Billing

• Support month-end and quarter-end close activities, including accounts reconciliation, journal entries, and variance analysis.
• Review financial transactions for accuracy, ensuring costs are recorded to the correct projects and departments. Drive process improvements.
• Prepare monthly and quarterly funder invoices and reports, and explain cash flow variances.
• Consolidate and analyze financial data (budgets, income statement forecasts, etc.), considering the company’s goals and financial standing.
• Assist with routine process evaluation to ensure compliance with Government policies and procedures.

SECONDARY DUTIES AND RESPONSIBILITIES

• Other Duties as assigned: This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.