Senior Project Finance Analyst

Senior Project Finance Analyst

Work Model: This role can be performed remotely from an approved location, with flexibility based on business needs and applicable requirements.

Position Summary

As a Senior Project Finance Analyst, you will be responsible for the financial management and performance of a portfolio of projects within Regal Rexnord's Power Management Systems division. You will partner closely with Project Managers, Operations, Commercial, Supply Chain, and Finance leadership to ensure strong financial execution throughout the project lifecycle.

The Senior Project Finance Analyst will serve as a key financial business partner to project teams, providing financial insight, challenging assumptions, identifying risks and opportunities, and supporting informed business decisions. The role will have ownership of project financial performance, including revenue, margin, costs, cash flow, billing, and balance sheet activities. This position is ideal for a finance professional who enjoys working close to the business, has strong analytical and problem-solving skills, and is comfortable operating in a dynamic, project-driven environment.

Key Responsibilities

Project Financial Management

Own the financial management of an assigned portfolio of projects, from project setup through completion and closeout.

Maintain responsibility for project P&L and balance sheet performance, including revenue, gross margin, costs, reserves, working capital, and cash flow.

Monitor key project financial indicators and provide timely visibility to project leadership and Finance management.

Partner with Project Managers to understand project performance, challenge assumptions, and identify actions required to achieve financial commitments.

Analyze actual results against budget, forecast, and prior expectations; investigate significant variances and drive corrective actions.

Forecasting, Risk & Opportunity Management

Maintain accurate and timely project forecasts, including cost-to-complete and estimate-at-completion updates.

Identify, quantify, and monitor project risks and opportunities, including their potential impact on revenue, margin, cash flow, and project completion.

Work closely with project teams to ensure risks and opportunities are appropriately reflected in forecasts and financial reporting.

Provide financial analysis and recommendations to support project decisions and business priorities.

Month-End and Financial Reporting

Manage the financial close activities for assigned projects in accordance with Regal Rexnord policies and applicable accounting standards.

Ensure the accuracy and completeness of project financial results, including revenue recognition, costs, accruals, reserves, and balance sheet accounts.

Prepare and communicate financial reporting and analysis for project and business reviews.

Billing, Cash & Working Capital

Monitor project billing activities and ensure invoices are issued accurately and in accordance with contractual requirements.

Partner with Project Management, Commercial, Accounts Receivable, and customers to resolve billing issues and support timely cash collection.

Monitor project working capital and identify opportunities to improve cash flow.

Business Partnership & Process Improvement

Act as a trusted finance partner to Project Management and Operations.

Translate financial information into clear business insights and actionable recommendations.

Challenge existing processes and identify opportunities to improve financial visibility, controls, efficiency, and decision-making.

Participate in finance transformation and continuous improvement initiatives.

Support the implementation and effective use of financial systems, tools, and reporting processes.

Audit & Internal Controls

Support internal and external audits, including providing project financial documentation and explanations as required.

Ensure compliance with company policies, internal controls, and applicable accounting requirements.

Identify control weaknesses and support corrective actions.

Required Qualifications

Bachelor's degree in Finance, Accounting, Business, or a related discipline.

Minimum 35 years of progressive experience in finance, accounting, project finance, FP&A or controllership.

Experience working with project-based businesses, manufacturing, industrial, engineering, or similar environments is preferred.

Strong financial and analytical skills, with the ability to understand and explain business performance.

Strong understanding of financial statements, including P&L and balance sheet.

Experience with forecasting, budgeting, variance analysis, and financial reporting.

Strong problem-solving skills, ability to independently identify and resolve issues while managing multiple priorities and projects simultaneously.

Preferred Qualifications

Experience in project finance, project accounting, or project controlling.

Experience with project-based revenue recognition and accounting.

Experience working directly with Project Managers, Operations, Commercial and Engineering teams.

Experience with SAP, including project-related financial modules.

Power BI knowledge is a strong asset.