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    Project Financial Analyst 1

    Fortrea
    2+ years
    Not Disclosed
    Bangalore
    10 Nov. 8, 2024
    Job Description
    Job Type: Full Time Education: B.Sc./ M.Sc./ M.Pharm/ B.Pharm/ Life Sciences Skills: Causality Assessment, Clinical SAS Programming, Communication Skills, CPC Certified, GCP guidelines, ICD-10 CM Codes, CPT-Codes, HCPCS Codes, ICD-10 CM, CPT, HCPCS Coding, ICH guidelines, ICSR Case Processing, Interpersonal Skill, Labelling Assessment, MedDRA Coding, Medical Billing, Medical Coding, Medical Terminology, Narrative Writing, Research & Development, Technical Skill, Triage of ICSRs, WHO DD Coding

    About Fortrea
    Fortrea is a leading global contract research organization (CRO) that combines scientific rigor with decades of clinical development expertise. We deliver a wide range of clinical development, patient access, and technology solutions across more than 20 therapeutic areas. Operating in over 90 countries, we are transforming drug and device development for our partners and patients worldwide.

    Position Overview

    We are seeking a Financial Analyst to join our team at Fortrea Development. This role is critical to maintaining the financial health of assigned projects by supporting revenue recognition, ensuring accurate project financial records, and delivering insights to senior management. As a Financial Analyst, you will work closely with project teams to analyze financial data, identify potential risks, and contribute to the profitability of clinical projects.

    Key Responsibilities

    Revenue Recognition & Financial Management

    • Calculate and ensure accurate revenue recognition based on a Cost to Complete methodology for assigned projects.
    • Maintain and update project financial records in compliance with GAAP (Generally Accepted Accounting Principles).
    • Provide timely, detailed project information and margins to finance to support revenue recognition.
    • Work with project teams to proactively identify financial issues that could affect project results and profitability.
    • Assist with financial analysis and work with analysts to identify trends and issues in project financial performance.

    Financial Reporting & Analysis

    • Deliver clear and understandable project analysis for management as part of the Monthly Project Review Process.
    • Support project managers by providing insights and recommendations to maximize profitability.
    • Assist in the preparation of ad hoc analysis as required by project teams or senior management.
    • Respond to project managers, sponsors, and business development teams with timely, accurate financial information.

    Project Budgeting & Forecasting

    • Enter and maintain budget information into financial accounting systems to ensure accurate project coding, invoicing, and accounting.
    • Monitor project performance, including revenue, gross profit, and forecasted hours, and assist in project close-outs and reconciliations.
    • Serve as a financial resource for project managers and team members, assisting with project budgeting and forecasting.

    Auditing & Compliance

    • Provide audit support for both Internal and External audits, as well as SOX (Sarbanes-Oxley) audits.
    • Assist with answering audit queries and maintaining accurate documentation for compliance purposes.

    Qualifications

    Experience

    • 3+ years of experience in financial analysis, accounting, or related roles within a corporate or CRO setting.
    • Strong understanding of revenue recognition principles, project financial tracking, and cost forecasting.
    • Experience working with financial systems and project management tools.

    Education

    • Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
    • Certified Public Accountant (CPA) or CFA is a plus but not required.

    Skills

    • Strong analytical and problem-solving skills.
    • Proficiency in Microsoft Office Suite, particularly Excel (pivot tables, financial modeling).
    • Ability to communicate financial data clearly and effectively to non-financial stakeholders.
    • Detail-oriented with strong organizational skills and the ability to prioritize tasks.

    Why Join Fortrea?

    At Fortrea, we value motivated problem-solvers who are passionate about overcoming barriers in clinical trials. Joining our team means embracing a collaborative workspace where you will have the opportunity to grow professionally and make a meaningful global impact. If you are looking to contribute to the development of life-changing therapies for patients, we invite you to explore this exciting opportunity.

    For more information about Fortrea and to explore other career opportunities, visit www.fortrea.com.

    Equal Opportunity Employer

    Fortrea is an Equal Opportunity Employer. We are committed to diversity and inclusion and do not tolerate harassment or discrimination of any kind. All employment decisions are based on individual qualifications and business needs.

    We encourage applicants of all backgrounds to apply. Fortrea is an EOE/AA employer, dedicated to fostering diversity and inclusion in the workforce.

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    For more information on how we collect and store your personal data, please review our Privacy Statement.

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