Project Finance Analyst III

We're hiring a Project Financial Analyst III at Fortrea—a key role for finance professionals looking to make a meaningful impact in clinical research. In this position, you’ll manage the financial oversight and revenue recognition of large, complex projects from initiation through closeout. You’ll work closely with project managers, senior leadership, and cross-functional teams to ensure financial accuracy, highlight risks, and support key decision-making.

Summary of Responsibilities:

As a Project Financial Analyst III at Fortrea, your main responsibilities will be to:​

• Understand and calculate revenue recognition on an Estimate At Completion (EAC) methodology and provide insight to project managers, functional leads and senior management on project status and overall financial health of your portfolio of projects

• Financial oversight and revenue recognition of a smaller sized portfolio of larger and highly complex projects end to end

• Maintain complete and accurate project financial records in accordance with GAAP

• Coordinate customer reporting for key accounts, and ensure that customer requirements are met

• Provide timely project information and metrics to finance to support ASC 606 revenue recognition.

• Deliver project analysis information to project team members and management as part of the Monthly Project Review Process

• Expectation of regular interaction with the clients

• Monitor invoiced amounts through study duration and work with the billing team to support invoice query resolution

• This includes oversight and reporting of full project risk management to the project teams by highlighting unbilled, unearned, accounts receivable by aging balances and overburn

• Setup projects in associated financial systems and manage effective close out at study completion

• Own the end of study reconciliation process for your projects

Support commercial, contracts and project management on project change orders and financial reconciliations:

• Deliver clear and concise project analysis information to project team members, senior management and finance management as part of the Monthly Project Review Process

• Work with project team to proactively identify issues affecting project results and profitability. Identify workable solutions to minimize risk and maximize profitability

• Identify workable solutions to minimize risk and maximize profitability

• Work with other analysts to identify project trends and issues

• Manage budgets and necessary project information into the financial accounting system and project analysis files to allow for accurate project coding, invoicing and accounting

• Drives cash neutrality through payment schedule updates, review/approval of payment terms, and a focus on invoice forecasting

Serve as a financial resource to project managers, functional leads, other project team members and senior management:

• Provide project financial training to project team members, as necessary; Respond to project manager, sponsor, business development director or other customer requests for project information.

• Partner with Project Delivery and Governance teams to improve processes

• Collaborate with project manager, sponsor, business development director or other customer requests for project status information

• Prioritize all Internal, External and SOX Audit deliverables; Have audit oversight for your projects by proactively being audit ready to work direct with the auditor

• Ad hoc analysis as required by the project team or senior management

• Monitors the overall health of assigned projects including but not limited to revenue, gross profit, forecasted hours, invoicing targets, project close outs, and reconciliations

Qualifications (Minimum Required):

• Bachelor's Degree in Accounting/Finance/Economics or related field

Experience (Minimum Required):

• 6+ years experience in ASC-606 revenue recognition in service-related field Workday Financials or Adaptive Planning experience is a plus.

• CRO experience strongly preferred

• Highly proficient in Microsoft Office, with an emphasis on Excel

• Prior experience with an EAC system for revenue recognition

• Attention to detail, time management skills, organizational skills, and a sense of urgency
  Ability to communicate with a wide range of stakeholders across a global, matrixed organization

Preferred Qualifications Include:

• Strong preference for CRO Experience

• Workday Financials or Adaptive Planning experience is a plus.

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