The Business Financial Analyst - Corporate FP&A is responsible for complex financial analyses across IDA to consistently produce timely, accurate and relevant analyses & business decision support to IDA’s Senior Manager of Financial Strategy & Analytics.
Prepare monthly financial reports. Work with IT team to help prepare, review and validate reports and dashboards to provide information to divisions and directorates. Help develop reports and presentation materials that effectively communicate business plan execution by operational units compared to budgets.
Performs corporate-wide budgeting, forecasting, and analysis processes that identify and mitigate budget performance risks using timely analyses of root cause and options analysis.
Advanced ability to analyze budget performance and proactively set in motion actions to meet cost and rate objectives.
Works effectively cross-organizationally to monitor budget vs. actual, coordinates with divisions and directorates to analyze and report on MTD/YTD variances to management.
Works with managers of division administration and the technical divisions to integrate and streamline internal and external financial reporting while ensuring compliance.
Identifies new methods of financial reporting to reduce or eliminate reliance on Excel-based reporting. This requires deep understanding of IDA’s business and data structure in order to create and manage industry-leading reports and dashboards using Cognos Analytics and/ or Tableau.
Develops relevant financial management reporting to internal IDA management, auditors, and external sponsors as required. These reports may include, but are not limited to:
Standard monthly, annual, and multi-year reporting
Incurred Cost Submission
DCAA rate submission
Key business metrics & analytics
Analysis and interpretation of financial results
Additional analyses and reports as requested by management
Executes quick turnaround decision-support analysis that is responsive, accurate, comprehensive, and reliable.
Through effective data analytics, assesses IDA’s historical and current financial performance as a means of understanding trends and predicting future revenue, expenses, capital, cash flows, and indirect rate impacts.
Collaborating with SDI (Business Systems team) and finance management will drive continuous improvement in financial operations, optimizing financial processes and procedures, leveraging the financial system to its fullest capacity, and implementing the latest business systems tools & technologies where prudent.
Will continually seek knowledge of best business practices across financial planning & analysis, data analytics, and cost estimating to ensure IDAs financial practices keep pace with industry trends and internal IDA management expectations. Actively participate in IDA’s Business Modernization efforts.
Applies knowledge of Federal Acquisition Regulations, Cost Accounting Standards, and Forward Pricing Rate Proposal and CAS Disclosure Statement requirements to ensure high-quality, compliant finance practices.
Self-driven individual who utilizes independent judgment and demonstrates confidence in implementing change and bringing others along in delivering innovative new approaches.
Develop trusted and effective relationships with a wide base of stakeholders, which includes but is not limited to corporate officers, senior level technical directors and their managers of division administration, and peer managers across operations and within finance & administration.
Critical thinker with exceptional analytical skills, able to see the big picture yet drill down to the details when necessary to perform complex analyses.
Strong communication skills and ability to deliver complex ideas in a simple way. Must fully understand and can easily articulate the business & financial framework in which IDA executes its work and measures performance.
Performs other duties as required.
Four-year college degree in Finance or related field with courses in accounting, business management and information technology. MBA (or MBA candidate) preferred.
Five to Seven years of financial analysis experience preferably in government contract environment.
Experience in government contracting, Cost Accounting Standards (CAS) and the Federal Acquisition Regulations (FAR) preferred.
Ability to work with research divisions, accounting, and IT staff to take full advantage of off-the-shelf and internally created financial systems. Experience with Deltek Costpoint, Cognos Analytics, Tableau or similar systems required.
Advance knowledge and experience using PowerPoint and Excel.
Ability to communicate effectively with all levels of personnel both orally and in writing.
U.S. Citizenship is required
Ability to obtain and maintain a security clearance is required
Equal Opportunity Employer
Employer will assist with relocation costs.
About Institute for Defense Analyses
IDA (Institute for Defense Analyses) – a not-for-profit corporation headquartered in Alexandria, Virginia just outside Washington, DC – operates three Federally Funded Research and Development Centers (FFRDCs) in the public interest: the Systems and Analyses Center, the Science and Technology Policy Institute, and the Center for Communications and Computing.