Share this Job

Financial Analyst

Date: Nov 18, 2022

Location: Cambridge, ON, CA

Company: BWX Technologies

BWXT Canada Ltd. is a world leader in design, engineering, manufacture, construction and service of nuclear power generation equipment.  As a supplier of innovative, high-quality nuclear components and services we cater to a worldwide customer base.  We take great pride in supplying highly engineered solutions that allow our customers to compete within the complex nuclear power generation industry.

 

BWXT has an opportunity for a Financial Analyst at their Cambridge, Ontario location.

 

JOB PURPOSE

 

Reporting to the Manager, Project Accounting, this position monitors all financial aspects of contracts which include project set-up, budget changes and revenue recognition. Prepares and issues sales invoices to customer and follows up on accounts receivables. Prepares weekly, monthly and quarterly forecasts, financial reports and variance analysis reports. 

 

This role has functional relations with virtually every other department in the company including Purchasing, Manufacturing, Legal, Engineering, Sales, Proposals, Project Accounting, Business Unit Manager, etc. (shared nature of interests).  Communicates with external parties, including customers for invoicing status, external auditors and other accounting groups within the Nuclear Power Group (shared nature of interests).  Communicates accounting standards to Project Management and other groups in regards to revenue recognition.

 

ACCOUNTABILITIES

 

Projects and Sales Orders

 

  • Responsible for Fixed Price and Time and Material Projects or Sales Orders.
  • Determine contract Revenue Recognition per ASC605-35.
  • Set up and maintain projects in SAP and Timberline, upload project structures and budgets to SAP.
  • Prepare scope change or CCN’s for contract changes (sell price and budget changes).
  • Monitor budget, costs and cash flow; budget vs. actuals.
  • Complete month end accruals for revenue recognition or other project accruals that are required.
  • Review month end revenue recognition results for projects and sales orders.
  • Prepare monthly project variance reports.

 

Customer Invoicing

 

  • Work with Project Managers to issue milestone billings.
  • Work with Project Administers, review Cost reports and prepare sales invoices for customer Time and Material billings. Reconcile material information in SAP and gather applicable invoice backup required for the customer.

 

Forecasting

 

  • Monthly forecast for backlog projects, including booking, revenue, budget, actual cost, gross profit, billings, receipts as well as treasury cash forecast.
  • Work with Project Managers and Project Controls to forecast backlog projects.
  • Enter quarterly forecast in BPC and ensure the forecast is balanced in BPC. The forecast is completed for all assigned backlog projects, sales orders as well as New Business Projects.

 

Meeting Preparation

 

  • Prepare documents for internal cost review meetings as follows: contract profit statement, risk and opportunity list, CCN reports, billing schedule, cash flow, aged accounts receivable.
  • Work with Project Manager to complete Risk and Opportunity list.
  • Provide documents for internal monthly reviews, i.e. project review meetings.

 

Additional Activities/Special Requests

 

  • Provide information to internal and external auditors.
  • Ensure audit and SOX and COSO requirements are being followed.
  • Provide input and update quarterly/yearly corporate templates.
  • Account reconciliations.

 

QUALIFICATIONS

 

  • Degree or diploma in an accounting-related discipline complemented by a minimum of 3 years financial or project accounting experience.
  • Enrollment in an accounting designation program would be an asset.
  • In depth knowledge of Microsoft Office, mainly Excel.
  • Knowledge in SAP would be an asset.
  • Some experience with spreadsheet applications, data manipulation techniques, vlookup formulas, macros.
  • Team player - able to work across different teams and contribute to a positive environment.
  • Hands-on, detail-oriented with excellent analytical skills.
  • Proven problem solving abilities.
  • Good relationship-building skills with a commitment to supporting a team.

 

 WHY JOIN BWXT?:

 

  • Work within the growing and exciting nuclear industry as well as with highly skilled employees!
  • Competitive salaries
  • Employer-paid pension plan
  • Profit sharing plan
  • Bonus plan
  • Competitive Health and Dental benefits
  • Educational Refund Program
  • Life insurance… and so much more!

 

We thank you for your interest, however, only those candidates under consideration will be contacted.

 

BWXT Canada is committed to fostering an accessible, fair, and inclusive environment where all employees are able to access goods while being respected and supported. If you require accommodations during the application or interview process, please advise us as soon as possible so appropriate arrangements can be made. If you require information in a format that is accessible to you, please contact Human Resources.

 

 

BWXT Canada Ltd. embraces diversity of thought, values individuality, encourages new perspectives and provides equal opportunity in employment for all qualified employees and applicants without regard to race, ancestry, place of origin, colour, ethnic origin, citizenship, creed, sex, sexual orientation, gender identity, gender expression, age, record of offences, marital status, family status or disability, or any other category protected by provincial law.


Job Segment: Nuclear Engineering, Project Manager, Design Engineer, ERP, SAP, Engineering, Technology