Project Financial Analyst

Job Details:

Job Title: Project Financial Analyst

Location: Torrance, CA Hybrid

Duration: Long Term Contract

Job Description:

We are seeking a Project Financial Analyst to support IT project and support financial management within a large enterprise environment. This role will be responsible for budget planning, cost tracking, financial analysis, reporting, and stakeholder coordination across project teams, PMO, and finance.

Mandatory Requirement – PPM Tools (Clarity Preferred)

Hands-on experience with Clarity (PPM tool) is highly preferred

Candidates must have experience working with PPM tools (Clarity or equivalent)

If not Clarity, equivalent PPM tools must be clearly mentioned in the resume (e.g., Planview, ServiceNow PPM, MS Project Online, Oracle PPM, etc.)

Profiles without explicit tool-level PPM experience will not be considered

Key Responsibilities

Project Financial Management

Support Project Leads in defining project cost plans and budget plans

Manage the process of converting cost plans into approved budgets

Analyze and track Budget vs Approved vs Actuals

Review project financials and actual costs on a regular basis

Coordinate with EPMO and IT Budget Controller to resolve financial issues

Track funding requests (DSRRs, ARs, SRRs) and approvals

Perform monthly accruals and reclassification of non-labor costs

Identify and escalate cost overruns/underruns beyond defined thresholds

Generate weekly and monthly financial reports for portfolio tracking

Conduct regular reviews of project cost plans across multiple initiatives

Support / Enhancement Financial Management

Support Unit Leads in defining support and enhancement cost plans and budgets

Monitor and analyze support/enhancement/project financials

Track funding approvals, accruals, and financial reporting

Ensure financial governance and adherence to budgeting processes

Stakeholder Coordination & Governance

Work closely with Project Managers to ensure adherence to financial processes

Review reporting accuracy and address discrepancies proactively

Provide recommendations to resolve budget-related issues and ensure closure

Collaborate with cross-functional teams to maintain financial accuracy and transparency

Required Skills & Qualifications

Bachelor’s degree in Finance, Accounting, Economics, or related field

Strong experience in financial analysis, budgeting, and forecasting

Ability to analyze data from SAP, Clarity, SRR, AR logs, or similar systems

Advanced proficiency in Excel and financial reporting tools

Strong analytical, problem-solving, and communication skills

Experience working in IT projects / PMO / financial governance environments

Skills

Mandatory Skills : Benefits Management, Project Planning, Quality Management, Resource Management, Stakeholder Management