Parexel South Africa: Financial Analyst II

PAREXEL operates in 71 locations throughout 54 countries around the world, and has over 9,500 employees.
We are a leading global bio/pharmaceutical services organization that helps clients expedite time-to-market through our development and launch services. These include a broad range of clinical development capabilities, integrated advanced technologies, regulatory affairs consulting, and commercialization services. Parexel South Africa recruits Financial Analyst II

Job Description:
Essential Function
The Financial Analyst supports the financial analysis of Operational Management, including analysis of actual cost, preparation of monthly revenue recognition and project analysis.
Key Accountabilities
-Identifies trends impacting revenue recognition and profitability (forecast amounts, EUAC vs. Budgeted Units impact, Earned vs. Actual revenues for all URR studies, net pass through review, labour / forecast mismatches, etc.)
-Ensures appropriate revenue recognition (SAB104 compliant) is performed
-Maintains compliance with respect to SAB104 and Sarbanes-Oxley (i.e., perform monthly audits of contract values, project-to-date revenue, contract status, units completed to date, etc.
-Provides analysis and reporting on actual project performance metrics versus budget and forecast and suggesting corrective action to improve efficiency and financial performance
-Provides Project Profitability – Revenue Forecasting (Project Level)
-Provides Backlog Analysis
-Billed, Unbilled/Deferred A/R
-Audit Support
-Supports the Functional Operations Leader(s) in reporting and analysis of functional department results
-Provides project reconciliation and co-ordination of closure
-Prepares accruals
-Continuously improves upon skills with all PAREXEL financial applications (PA, Oracle, Hyperion, etc.) and related reporting tools (ADI, Business Objects, Excel, Project Portal, etc.) in the interest of departmental cross-training and system skills development
-Assists in the preparation of financial reports and analysis as requested
-Assists Project Managers/Sr Mgt provide input in periodic presentations to Senior Management concerning project financial results and resources
-Assist in quarterly and year end audits where requested
-Prepares spreadsheets and other tools used in the monthly close process

Job Experience:
Minimum Work Experience
-Proven experience with increasing responsibility. Experience with accounting information systems (Oracle Financials / Hyperion / Essbase experience preferred).

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