Financial Analyst - HYBRID WORK SCHEDULE

Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. Wabtec has approximately 27,000 employees in facilities throughout the world. Visit the company’s new website at: http://www.WabtecCorp.com.

It’s not just about your career… or your job title…it’s about who you are and the impact you are going to make on the world. Do you want to go into uncharted waters…do things that haven’t been done to make yours and someone else's life better? Wabtec has been doing that for decades and we will continue to do so! Through our people, leadership development, services, technology and scale, Wabtec delivers better outcomes for global customers by speaking the language of industry.

*This role can be permitted to work with a Hybrid Schedule. Expectations are to work remotely 2 days per week. Onsite days are expected 3 days per week.

ROLE SUMMARY

Single point of contact for all financial issues relating to the project.  Provides all required financial information about the total project, assessment and identification of risks and opportunities early with measurement of the financial impact

Proactively follow and challenge the project cash flow.

Co-pilot to the Project Manager to assure focus on the achievement of the financial goals of the project.

FUNCTIONAL DUTIES TO THE PROJECT CORE TEAM

• Make financial situation transparent to the Project Core Team, including current status and alternative scenarios.
• Build up and up-date the project FAC as joint effort together with the Core Team members, ensure its reliability and support PM in FAC evolution analysis
• Project calculation (ensure that project calculations reflect current status of project, FAC approved and proposed)
• Input and updating of project calculations aligned in Oracle
• Working out and updating Budget and Forecast figures of the project
• Review and Analysis of Estimated-at-completion calculation of the project for Budget, Forecast and Actual
• Review and Analysis of variances between Budget, Forecast and Actual figures and comment on them in monthly Reporting – especially Sales POC, Margin and Free Cash flow
• Review and Analysis of contract related Balance sheet items with the target of a minimization of Utilized Assets (Inventory level, Advance Payments, Accounts Receivables…)
• Invoice and payment control (Receivables)
• Cash-Flow Management (i.e. input of project figures in Cash Planner)
• Hedging activities in cooperation with Treasury (if necessary) (FX Planner)
• Track project related savings activities
• Control of Warranty Provisions to the end of the project
• Insurance cases (freight, maintenance, third party, etc.)
• Require and supervise securities by the Customer (letter of credit, bank guarantees)
• Coordinate commercial affairs of internal partners, i.e. check of inter-company Sales and Purchases (Siscos matching)
• Provide input parameters for Bid Approval Process and support tender activities for variation orders
• All costs related to headcount have to be reviewed in cooperation with HR and Core
• Team members controlling direct and indirect hours and the impact on the project considering project target costs
• Procurement / Engineering: Quantify impact of change orders (profitability calculation), assess impact on the different cost items in the calculation, i.e. Bill of Material and Engineering hours
• Maintain an appropriate level of contingencies
• Provide Project Non Conformity Cost (NCC) Report, validate impact of NCC improvements (retrofits)

LEADERSHIP DUTIES WITHIN THE PROJECT CORE TEAM

Lead Project Core Team members in meeting or improving on project budgets

Commercial Reporting – Timely completion and updating finance related charts of the monthly reports/packages

SPECIFIC RESPONSIBILITIES TO OTHER PROJECT CORE TEAM ROLES

To the Contract Manager: Provide support

To the Risk & Opportunities Manager: Support Risk, Opportunity and Improvement

Manager by quantifying/assessing project-elated risks/exposures/opportunities on an ongoing basis

To the Project Manager: Keep Project Manager continuously updated on financial situation of project and upcoming risks & opportunities.

JOB REQUIREMENTS:

Degree from an accredited college/university, preferably in Accounting

2+ years of related work experience, preferably auditing or FP&A

DESIRED CHARACTERISTICS:

• Demonstrated experience understanding complex and discrete project manufacturing including revenue recognition
• Strong Excel skills with advanced Pivot Table knowledge
• Depth to understand and apply long term contract accounting. 
• Strong interpersonal and presentation skills to interface with a broad range of audiences.   

Wabtec provides a competitive total compensation package that includes a comprehensive employee benefits program.

Wabtec also contributes Annual and Matching contributions to your 401(k) account to help your savings grow. Each pay period, Wabtec will match 100% of your contribution up to a maximum of 3% of your eligible compensation. Wabtec also will make an Annual Contribution of 3% of your compensation, whether or not you contribute your own funds to the Savings Plan. That’s a total of 6% of your annual compensation in Company-provided contributions!

12 paid holidays

Unlimited time off (in accordance with your leader)

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Wabtec Corporation is committed to taking on the world’s toughest challenges. In order to fulfill that commitment we rely on a culture of leadership, diversity and inclusiveness. We aim to employ the world’s brightest minds to help us create a limitless source of ideas and opportunities. We believe in hiring talented people of varied backgrounds, experiences and styles…people like you! Wabtec Corporation is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or expression, or protected Veteran status. If you have a disability or special need that requires accommodation, please let us know.