Senior Project Finance Analyst

Rho Inc; United Kingdom; Remote; GBP 50,000 - 80,000; Full time

Job summary

Join a leading company in redefining CRO services as a Senior Project Finance Analyst. This home-based role will allow you to oversee major project financials, collaborate effectively with project teams, and ensure financial success through accurate reporting and performance monitoring. You will play a pivotal role in enhancing financial outcomes in an innovative environment that values analytical thinkers and fosters collaboration.

Qualifications

• Minimum of six years in a Finance Analyst role within a CRO setting.
• Good knowledge of ASC606 Revenue Recognition preferred.
• Commitment to Quality and attention to detail essential.

Responsibilities

• Establish and maintain Revenue Recognition reports for projects.
• Prepare monthly financial reports and conduct variance analyses.
• Liaise with stakeholders to ensure precision in financial planning.

Skills

Financial Acumen

Analytical Thinking

Problem-Solving

Communication

Education

Bachelor's degree in Accounting, Finance, or related field

Job description

Join us in redefining what it means to work for a CRO.

When you work at Rho, it's more than just a job-you become part of the Rho Factor. We're a proud bunch of science nerds who love tackling big challenges together. We're not your typical CRO, and we're not trying to be. Here, curiosity is encouraged, fresh approaches are welcome, and collaboration is at the heart of everything we do.

Whether you're a data wizard, analytical genius, project mastermind, or any other role, you'll fit right into the equation of the Rho Factor. Expect plenty of geeky jokes, eccentric personalities, spontaneous brainstorms, and a supportive community where people genuinely care about their work-and each other.

You'll have the opportunity to experience a thriving company with real stability - financial, workforce, and corporate, which has created a safe environment to innovate and develop over a long and rewarding career.

We are currently hiring a Senior Project Finance Analyst to join our team - this will be a permanent home based role in the UK! As a Senior Project Finance Analyst, you will have the opportunity to play a critical role in delivering financial support, detailed analysis, and accurate reporting to achieve financial targets for assigned projects. You will oversee large, complex study portfolios and implementing corrective measures to enhance financial outcomes when needed.

As Senior Project Finance Analyst, you will need to possess exceptional influencing skills and the gravitas to guide project teams on financial strategies that lead to success. You will work as an integrated member of the project team, fostering trust and credibility through their advice and support, while constructively challenging decisions to drive positive change and improved financial performance.

Our Finance Team will tell you, joining Rho has been one of their best career moves in terms of contentment, financial rewards and career growth, which is why we have such stability in the group!

What You'll Be Doing:

Revenue Recognition Management

• Establish and maintain Revenue Recognition (RR) reports for assigned projects in alignment with sponsor budgets
• Update RR reports to reflect contract amendments and ensure monthly compliance with Generally Accepted Accounting Principles (GAAP)

Financial Reporting & Analysis

• Prepare and submit monthly RR reports in NetSuite
• Conduct monthly variance analyses, identifying and explaining any discrepancies.
• Review and report on the financial health of projects, considering revenue, forecasts, budgets, contract amendments, and cash positions.

Forecasting Support

• Collaborate with relevant stakeholders to ensure forecast accuracy.
• Assist Project Leads (PLs) in forecasting pass through and grant allocations, ensuring the availability of sufficient funds for vendor and site payments.

Budget and Actual Analysis

• Evaluate project budgeted hours versus actual hours worked.
• Highlight areas of concern and propose corrective actions

Stakeholder Collaboration

• Liaise with internal and external stakeholders to ensure precision and efficiency in financial planning and forecasting

Ongoing Monitoring and Maintenance

• Continuously monitor project performance metrics, including hours, revenue, and forecasts.
• Ensure alignment of financial reporting with contractual agreements and budgetary adjustments.
• Drive financial performance by delivering accurate reporting and effectively influencing project teams.
• Challenge operational decisions that could lead to margin erosion or delays and propose actionable improvements.
• Implement corrective actions to enhance performance at both study and portfolio levels.

Sponsor Reporting

• Support timely and accurate sponsor reporting, proactively aligning with requirements and expectations.

Requirements

• Bachelor's degree or international equivalent in accounting, finance, or a related field, or qualification through relevant experience.
• Minimum of six years in a Finance Analyst role handling diverse and complex project portfolios within a CRO (Contract Research Organization) setting
• Good knowledge of ASC606 Revenue Recognition is preferred
• Strong Financial acumen along with a methodical approach to tasks, awareness of organizational and external dynamics, and analytical thinking and problem-solving
• Strong Communicator: Demonstrate written, verbal and presentation skills to help showcase the successes of your work and Rho's. Fluency in both English and local languages
• Committed to Quality: Every job at Rho requires an attention to detail, a deep understanding of our high-quality scientific standards, and an ability to care about every outcome
• High-Character: Contribute to our collaborative culture with honesty and integrity. At Rho, we value a strong team spirit highlighted by loyalty, accountability, and mutual trust. We work smart together, we work hard together, and we laugh together. We take responsibility for our actions, forgive honest mistakes and respect one another
• Critical Thinker: Rho values thinking. Draw on your native ingenuity, sharpened and enhanced by our intellect, training, and experience. We evaluate situations and opportunities objectively and incisively; we then craft novel, practical solutions
• Agile and Adaptable: Rho values the ability to change quickly. We eagerly anticipate, respond to, and take advantage of changes in our environment. We embrace risk but manage it by planning, accepting, and learning from both failures and successes. The opportunity to adapt and evolve energizes us