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Finance Business Partner

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Cubic Corporation

7d ago

  • Job
    Full-time
    Mid Level
  • Accounting & Tax
    Business, Operations & Strategy
  • Hyderabad, +1
  • Quick Apply

AI generated summary

  • You need 4yrs in Project Accounting, knowledge of revenue recognition, Excel proficiency, SAP/Primavera experience, a relevant degree, and strong communication skills.
  • You will prepare financials, communicate with project managers, analyze discrepancies, control project costs, generate budgets, and ensure compliance with policies while supporting audits.

Requirements

  • Demonstrated 4yrs of Project Accounting experience in a project environment
  • Knowledge and understanding of a project-based environment
  • Familiarity with Project Accounting concepts including Revenue Recognition, Earned Value Methodology, Percentage of Completion methods
  • Proficient with Microsoft Office 2007 including advanced excel skills
  • Experience in SAP and Primavera would be viewed favorably
  • Bachelors’ Degree in an Accounting or Business discipline from a tertiary Institution
  • CA /CPA/CIMA qualified is desirable, or currently studying CA /CPA/CIMA
  • Ability to work independently, take initiative, set priorities and see projects through to completion
  • Ability to work well with others under deadline situations and respond to changes in priorities
  • Must have excellent communication skills and the ability to effectively interface with employees at all levels
  • Be ambitious
  • Be enthusiastic
  • Be self-motivated
  • Have strong attention to detail
  • Have the ability to prioritize their workload

Responsibilities

  • Prepare financials for approval by Finance management
  • Effectively communicate with Project Managers (PM), Contract Managers (CM), Engineering Manager (EM) and /or delegates regarding contract documents, change orders and other contract modifications, approvals, and any additional services-related to billing
  • Assess and pursue opportunities for maximization of project’s financial performance
  • Research any financial discrepancies that arise from in depth variance analysis Assist in internal and external audit requirements; this may include ad-hoc analysis
  • Perform month end accounting processes in support of assigned countries and for intercompany projects
  • Create WBS Elements, budgets, ETC’s, WAM resources and other project information in SAP
  • Create intercompany projects in line with Policy and Budgets
  • Report on assigned countries and intercompany project use v. budgets
  • Liaise with project and production manager to ensure that all project costs are controlled in a timely manner
  • Prepare monthly project reports and analysis in accordance with the timetable
  • Prepare billings related to the portfolio of projects in conjunction with contracts and the PMO
  • Keep the Project Manager and Finance Manger informed and advise on billings, retentions, debtors and cash flow relating to individual projects
  • Liaise with financial accounts and ensure that queries are followed up
  • Meet with Project Managers prior to the monthly review meetings to agree project status including contract values and estimates to completion
  • Attend weekly and monthly review meetings
  • Assist with the co-ordination & consolidation of annual budgets
  • Run the generation of quarterly forecasts and annual budgets in BPC Tool
  • Assist in the compliance with Sarbanes-Oxley
  • Advise management of any known variances or problems of significance this may affect the outcome of a project
  • Liaise with Project Planners, ensuring the reported financial status of the project is in line with the planned operational view
  • Comply with Cubic’s Quality Management System
  • Comply with Cubic Occupational Health, Safety and Environment policies and procedures
  • Comply with security in accordance with established policies and procedures of the organisations
  • Other duties as requested

FAQs

What is the primary responsibility of the Finance Business Partner?

The primary responsibility is to support the Finance Manager by partnering with various departments to provide financial-based support and improve the quality and depth of financial information for informed decision-making.

What qualifications are required for this position?

A Bachelor's Degree in an Accounting or Business discipline from a tertiary institution is essential, with CA/CPA/CIMA qualification or studying towards it being desirable.

How many years of experience in Project Accounting are needed?

A minimum of 4 years of Project Accounting experience in a project environment is required.

What tools and software should a candidate be familiar with?

Candidates should be proficient in Microsoft Office 2007, particularly advanced Excel skills. Familiarity with SAP and Primavera is viewed favorably.

What are the key skills needed for this role?

Essential skills include the ability to work independently, take initiative, prioritize tasks, and communicate effectively with employees at all levels.

Does the job require compliance with Sarbanes-Oxley?

Yes, assistance in compliance with Sarbanes-Oxley is one of the responsibilities of the Finance Business Partner.

Will there be opportunities to participate in budgeting and forecasting?

Yes, the role involves assisting with the coordination and consolidation of annual budgets and running the generation of quarterly forecasts.

Are there opportunities for career growth in this position?

Yes, the position provides opportunities for professional growth and development within the finance team and the company.

Is experience in revenue recognition and earned value methodology important for this role?

Yes, familiarity with Project Accounting concepts such as Revenue Recognition and Earned Value Methodology is essential.

Are there any specific personal qualities sought after for this role?

Desirable personal qualities include being ambitious, enthusiastic, self-motivated, attentive to detail, and adaptable to changing priorities.

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Cubic Corporation

We make the world better through innovation, technology solutions and world-class products in defense and transportation

Defence & Aerospace
Industry
5001-10,000
Employees
1949
Founded Year

Mission & Purpose

Cubic creates and delivers technology solutions in transportation that make people’s lives easier by simplifying their daily journeys, and defense capabilities that help promote mission success and safety for those who serve their nation. Led by our talented teams around the world, Cubic is driven to solve global challenges through innovation and service to our customers and partners. We have a leading portfolio of businesses, including Cubic Transportation Systems (CTS) and Cubic Mission and Performance Solutions (CMPS).

Culture & Values

  • We believe in creating excellence through teamwork and collaboration, upholding a commitment to ethics and integrity through a distinct culture that focuses on collaboration, agility, accountability and execution.