Material Program Financial Specialist I - SDCA

REPORTS TO: Material Program Manager, Material Program Financial Lead

SUPERVISES: None

AUTHORITIES / RESPONSIBILITIES:

• Support the financial planning, analysis and projection of program material and subcontract costs for new construction and post delivery contracts; prepare reports and projections based on this analysis

• Track performance to budget and EACs, investigate and summarize variances; track corrective actions through issue resolution

• Create rent versus buy analysis to support program capital expenditure requests

• Support manager in the development and calculation of non-Labor costs for a complete Bill of Materials and all required subcontracts in support of proposals from the US Government.

• Identify and support cost initiatives along with others in the department.

• Support explanations for cost and schedule variances that are utilized in Corporate and Government reporting, including root cause analyses and mitigation plans to offset cost increases.

• Support nonlabor cash flow projections for Program vessels as assigned.

• Support corporate financial hedging process by helping manager with financial planning, analysis, projection, tracking, and variance explanations required for foreign currency exposures resulting from program material expenditures

• Other responsibilities include financial support for Production Management as needed

• Coordinate with other members of the program office and finance team to review financial information and forecasts

• Generate basis financial models, forecasts, and metrics for new construction and post-delivery business to support project teams and facilitate Production management input where usage projections are needed

• Travel (less than 5%) to support calculation of remaining costs (ETCs) and project accurate corporate financial forecasts for post-delivery business.

• Continually monitor material spending versus the budget, researching variances and generating variance analysis reports and budget adjustment requests as needed

• Work with Cost Accountants to ensure accurate costs or accruals are taken on all material purchases

• Calculate accurate earned value progress for material control accounts and support manager in projecting Estimates at Completion (EAC) for multiple vessels

• Work with Purchasing Management to understand and facilitate forecasts and drive performance to those forecasts

• Other duties as assigned

QUALIFICATIONS / KNOWLEDGE / EXPERIENCE:

• Bachelor’s degree in Business Administration, Accounting, Finance, Statistics, Economics or another related field required. 4 years’ purchasing, accounting or financial experience may be considered in lieu of degree.

• 1 year purchasing, accounting or financial experience required. Successful completion of Austal SCM Internship program may be substituted for 1 year experience.  

• Intermediate-level analytical and financial modeling skills

• Intermediate skills with Excel spreadsheets using SUMIF and VLOOKUP formulas

• Strategic thinking and very detail oriented

• Good presentation skills

• Ability to influence and persuade

• Excellent time management and organizational ability

• Ability to multitask and meet constant deadlines

• Able to work long hours when necessary

• Ability to analyze data and communicate analysis to Austal management

• Active learner interested in career growth and development

• Ability to consistently initiate process improvements, obtain buy in, and support effective implementation

• Patience to deal with abstract, incomplete data and unrefined processes

ADDITIONAL GUIDELINES:

• The ability to obtain and maintain a DoD clearance may be required if deemed necessary in the scope of your position responsibilities.