Regional Finance Manager I

General Responsibilities

• Manage the planning, organization, and financial activities related to project registrations, invoicing, WIP management, revenue recognition, and collections.
• Partner with Corporate Accounting and Operational Finance to maintain compliance with invoicing procedures according to industry practices and Company policies.

Essential Roles And Responsibilities

• Through partnership and guidance from Operational Finance, assist with the planning, organizing, and managing of financial activities related to project registrations, invoicing, WIP management, revenue recognition, and collections.
• Act as an extension of the Project Manager as a trusted and valued partner, participate in meetings with regional leadership to remedy any AR, WIP, UR issues, collaborating on ideas for effective and timely resolution.
• Ensure compliance with invoicing procedures according to industry practices and company policies.
• Lead a team of accounting professionals to produce accurate, timely, and consistent client invoices along with accurate project registrations and effective collection efforts.
• Read, understand, and analyze project contracts related to billing and revenue recognition. Have the ability to comprehend how contractual language impacts project financials.
• Investigate and elevate financial or contractual project issues to Operational Finance and Operations Management.
• Help coordinate regional billing and communicate billing services to Operations Project Management.
• Receive quality assurance audits from Operational Finance related to the staff’s quality of work and hold regional staff accountable.
• Support the evaluation and monitoring of workloads for regional accounting staff.
• Review aged WIP and AR to support strategic initiatives and report on excessive unbilled WIP and uncollected AR.
• Participate in internal and external clients to facilitate smooth workflow of project documentation, invoicing practices and ensure positive cash flow.
• Oversee the management of electronic project files related to financial documentation, including contracts, work authorizations, budget tracking, payment applications, client invoices, and internal approvals.
• Identify billing and/or accounts receivable discrepancies, research their origin, and execute corrective measures.
• Demonstrate proficiency in company software relevant to the job, including project registration systems, billing platforms, and collections tools.
• Assist in providing training to Project Managers and support staff on financial reports and tools.
• Maintain a positive and professional attitude in interactions with peers, billing staff, managers, and clients.
• Perform data analysis as needed or requested.
• Actively participate in Operational Accounting initiatives, ERP system improvements, and ad hoc projects.
• Oversee regional procurement activities.
• Lead safety efforts for team and ensure team follows safety rules and guidelines. Promote pre-task planning for all projects. Promote continuous quality monitoring and improvement on projects. Monitor quality standards and practices.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field with minimum of 8 years of experience. Or, in lieu of a degree, a minimum of 12 years’ related experience. Master’s degree preferred.
• Knowledge of accounting principles, practices, and procedures.
• Knowledge of common business processes including accounts payable, accounts receivable/invoicing, financial reporting, etc.
• Advanced knowledge of Excel, including proficiency with pivot tables, lookup and advance formulas.