Description
Manage the financial performance and ensure effective cost control throughout a project’s lifecycle. This involves monitoring budgets, analyzing financial data, forecasting costs, and ensuring that the project stays within scope, schedule, and budget, while supporting decision-making for project managers and stakeholders.
This is a full-time position that will continue through the duration of the project contract with an anticipated conclusion on or before December 31, 2027.
Essential Functions:
- Develop, implement, and maintain effective project control systems to monitor project performance against budget, schedule, and scope.
- Provide accurate and timely financial reporting, including forecasts, variance analysis, and cash flow projections.
- Generate invoicing and supporting documentation as required by the contract
- Track project costs, revenues, and profitability, ensuring alignment with project objectives and financial targets.
- Monitor and control project budgets, ensuring cost control measures are in place and identifying any risks of budget overruns.
- Collaborate with project managers, engineers, procurement, and other stakeholders to provide financial insights and ensure efficient project execution.
- Support contract administration by ensuring financial terms are adhered to and claims, change orders, and invoicing are properly prepared and tracked.
- Support procurement through management of purchase requisitions and purchase orders for the project.
- Conduct risk assessments, identify potential cost and schedule risks, and provide mitigation strategies.
- Ensure compliance with company policies, industry standards, and maritime regulations.
- Prepare regular project control reports and present findings to senior management and stakeholders.
- Perform post-project financial reviews to evaluate project performance and implement lessons learned.
Skills and Abilities:
- Financial Analysis & Budgeting: Ability to monitor budgets, analyze costs, and forecast financial outcomes for project performance.
- Project Management Knowledge: Understanding of project management principles, including scheduling, risk management, and resource allocation.
- Attention to Detail: Accuracy in tracking costs, schedules, and financial reporting to ensure precision in project control activities.
- Analytical Thinking: Strong problem-solving skills to interpret complex data and provide actionable insights.
- Communication & Collaboration: Ability to clearly convey financial information to project managers and stakeholders, ensuring alignment on project goals.
- Proficiency in Software: Expertise in using project management and financial tools like MS Project, Primavera, SAP, or similar systems.
- Risk Management: Capable of identifying, assessing, and mitigating financial risks associated with project execution.
Minimum Qualifications:
- Bachelor’s degree in Finance, Accounting, Engineering, or a related field (Master’s degree or relevant certification is a plus).
- 10+ years of experience in project control, project finance, or cost control within the maritime industry.
Foss Maritime Company is an Equal Opportunity – Affirmative Action Employer and a VEVRAA Federal Contractor. We are committed to a diverse workforce and taking affirmative action to employ and advance in employment qualified women, minorities, individuals with disabilities and protected veterans. Foss is a drug-free employer and a participant of the E-Verify Employment Verification Program.
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