Financial Analyst

Full-time

Farmington Hills, MI

About the position

The Financial Analyst will play a crucial role in managing the financial aspects of construction projects within the Finance Department. This position is responsible for preparing loan draw requests, coordinating with contractors, lenders, and management, and maintaining a paperless office system. The analyst will also be involved in budget preparation, expenditure analysis, subcontractor payment processing, and warranty claim management. The successful candidate will ensure adherence to company policies and will be expected to execute tasks flawlessly while meeting or exceeding personal qualitative and quantitative key performance indicator (KPI) metrics. In this role, the Financial Analyst will prepare monthly loan draw requests for multiple construction projects and act as a liaison between contractors, lenders, and management to facilitate smooth communication and coordination. The analyst will establish and maintain a paperless office system, ensuring organized storage of key correspondence, contracts, bills, sworn statements, liens, and other documents related to construction projects and accounting. Additionally, the analyst will develop project budgets, including cost schedules, and collaborate with field personnel to ensure adherence to budget constraints. Any variances will be communicated to management, and the analyst will initiate re-budgeting or re-forecasting processes as necessary. The position also involves conducting analysis of project expenditures and project accounting transactions to ensure accuracy and compliance. The Financial Analyst will review and process subcontract and consultant payment requests in a timely manner, monitor subcontractor contracts and commitments to ensure adherence to terms and conditions, and manage construction warranty claims efficiently and effectively. This role acts as an individual contributor with no direct reports, but it carries significant budgetary and financial oversight responsibilities.

Responsibilities

• Prepare monthly loan draw requests for multiple construction projects.
• Act as a liaison between contractors, lenders, and management to ensure smooth communication and coordination.
• Establish and maintain a paperless office system, ensuring organized storage of key correspondence, contracts, bills, sworn statements, liens, and other documents related to construction projects and accounting.
• Develop project budgets, including cost schedules, and collaborate with field personnel to adhere to budget constraints.
• Communicate any variances to management and initiate re-budgeting or re-forecasting processes as necessary.
• Conduct analysis of project expenditures and project accounting transactions to ensure accuracy and compliance.
• Review and process subcontract and consultant payment requests in a timely manner.
• Monitor subcontractor contracts and commitments to ensure adherence to terms and conditions.
• Manage construction warranty claims efficiently and effectively.

Requirements

• Strong understanding of construction project management processes and financial principles.
• Proficiency in accounting software and Microsoft Office Suite.
• Excellent communication and interpersonal skills, with the ability to effectively liaise between different stakeholders.
• Attention to detail and ability to organize and manage large volumes of documentation.
• Ability to work independently and collaboratively in a fast-paced environment.
• Strong analytical and problem-solving skills.
• Bachelor's degree in Accounting, Finance, or related field.
• Previous experience in construction accounting or related field preferred.

Nice-to-haves

• CPA is a plus.