Position Title: Project Financial Analyst II Work Location: Waukegan Road, North Chicago, IL 60064 Assignment Duration: 12 months – Possible Extension or conversion Work Schedule: Onsite Tuesday to Thursday; Monday/Friday Remote. First week of the month may require extended hours. Work Arrangement: Hybrid
Position Summary: As a project finance coordinator, you will be responsible for the financial aspects of IT projects supporting the R&D function. This role plays a pivotal role in ensuring the success of projects by supporting Portfolio Managers in providing accurate data and insightful analysis.
Background & Context: The Organization is a global leader in the biopharmaceutical space. This role specifically supports the R&D IT organization, assisting three Portfolio Managers who oversee approximately 20+ projects each.
Qualification & Experience:
Bachelor's degree in finance, accounting, project management or a related field (Associate degree + experience acceptable).
3+ years of work experience managing projects with an emphasis on cost management.
Must be proficient in MS Excel (VLOOKUP, Pivot Tables, formulas).
Ability to multi-task and manage multiple projects under tight deadlines.
Ability to establish and maintain effective working relationships with stakeholders.
Experience with SAP, SRM, PowerBI and Clarity PPM a plus.
Key Responsibilities:
Monitor IT operating and capital expenditure on a regular cadence to ensure adherence to the allocated budget by maintaining accurate records of invoices, expense cashflow, capital authorization and spend.
Support Portfolio Managers in month-end close processes, such as analyzing and reporting on budget utilization, highlighting variances to forecast, and recommending adjustments as needed.
Support Portfolio Managers in generating regular reports and dashboards to communicate portfolio health, at-risk projects, budget status, request for capital expenditure status, software renewal timelines, and cost reallocation opportunities.
Collaborate with portfolio managers, project managers, business system analysts, IT operations and other project stakeholders to develop and monitor project cost plans and submitting capital funding authorizations.
Collaborate with cross-functional teams including project accounting, finance, and procurement to capitalize and close-out on authorizations in partnership with Portfolio managers.
Support Portfolio Managers in monitoring and controlling budget; update comprehensive financial forecasts based on project progress and changes in scope, schedule, resource allocation and other project dependencies, while anticipating and communicating potential financial risks and opportunities.
Monitor project health dashboards and raise risks and issues to Portfolio managers and project managers ensuring PPM tools contains accurate data.
Coordinate the renewal of IT licenses, subscriptions, and contracts in collaboration with business system analysts and IT system owners.
Maintain statements of work (SOW) and purchase orders (PO) to track vendor commitments and invoice receipt.
Partner with Project and Portfolio managers to ensure that projects adhere to financial policies, regulations, and accounting standards for IT projects.
Provide feedback on opportunities for process improvement and/or leveraging technology to automate tasks, reports, and processes.
Applicant Notices & Disclaimers
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At SPECTRAFORCE, we are committed to maintaining a workplace that ensures fair compensation and wage transparency in adherence with all applicable state and local laws. This position’s starting pay is: $ 36.00/daily.
