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- Tasks: Manage financial reporting, analysis, and revenue recognition for complex projects.
- Company: Join Rho, a unique CRO where curiosity and collaboration thrive.
- Benefits: Enjoy a permanent home-based role with stability and growth opportunities.
- Why this job: Be part of a supportive community that values innovation and teamwork.
- Qualifications: Bachelor's degree in finance or related field; 6+ years in finance roles required.
- Other info: Fluency in English and local languages is essential; strong communication skills are a must.
The predicted salary is between 36000 - 60000 £ per year.
Join us in redefining what it means to work for a CRO.
When you work at Rho, it\’s more than just a job-you become part of the Rho Factor. We\’re a proud bunch of science nerds who love tackling big challenges together. We\’re not your typical CRO, and we\’re not trying to be. Here, curiosity is encouraged, fresh approaches are welcome, and collaboration is at the heart of everything we do.
Whether you\’re a data wizard, analytical genius, project mastermind, or any other role, you\’ll fit right into the equation of the Rho Factor. Expect plenty of geeky jokes, eccentric personalities, spontaneous brainstorms, and a supportive community where people genuinely care about their work-and each other.
You\’ll have the opportunity to experience a thriving company with real stability – financial, workforce, and corporate, which has created a safe environment to innovate and develop over a long and rewarding career.
We are currently hiring a Senior Project Finance Analyst to join our team – this will be a permanent home based role in the UK! As a Senior Project Finance Analyst, you will have the opportunity to play a critical role in delivering financial support, detailed analysis, and accurate reporting to achieve financial targets for assigned projects. You will oversee large, complex study portfolios and implementing corrective measures to enhance financial outcomes when needed.
As Senior Project Finance Analyst, you will need to possess exceptional influencing skills and the gravitas to guide project teams on financial strategies that lead to success. You will work as an integrated member of the project team, fostering trust and credibility through their advice and support, while constructively challenging decisions to drive positive change and improved financial performance.
Our Finance Team will tell you, joining Rho has been one of their best career moves in terms of contentment, financial rewards and career growth, which is why we have such stability in the group!
What You\’ll Be Doing:
Revenue Recognition Management
- Establish and maintain Revenue Recognition (RR) reports for assigned projects in alignment with sponsor budgets
- Update RR reports to reflect contract amendments and ensure monthly compliance with Generally Accepted Accounting Principles (GAAP)
Financial Reporting & Analysis
- Prepare and submit monthly RR reports in NetSuite
- Conduct monthly variance analyses, identifying and explaining any discrepancies.
- Review and report on the financial health of projects, considering revenue, forecasts, budgets, contract amendments, and cash positions.
Forecasting Support
- Collaborate with relevant stakeholders to ensure forecast accuracy.
- Assist Project Leads (PLs) in forecasting pass through and grant allocations, ensuring the availability of sufficient funds for vendor and site payments.
Budget and Actual Analysis
- Evaluate project budgeted hours versus actual hours worked.
- Highlight areas of concern and propose corrective actions
Stakeholder Collaboration
- Liaise with internal and external stakeholders to ensure precision and efficiency in financial planning and forecasting
Ongoing Monitoring and Maintenance
- Continuously monitor project performance metrics, including hours, revenue, and forecasts.
- Ensure alignment of financial reporting with contractual agreements and budgetary adjustments.
- Drive financial performance by delivering accurate reporting and effectively influencing project teams.
- Challenge operational decisions that could lead to margin erosion or delays and propose actionable improvements.
- Implement corrective actions to enhance performance at both study and portfolio levels.
Sponsor Reporting
- Support timely and accurate sponsor reporting, proactively aligning with requirements and expectations.
Requirements
- Bachelor\’s degree or international equivalent in accounting, finance, or a related field, or qualification through relevant experience.
- Minimum of six years in a Finance Analyst role handling diverse and complex project portfolios within a CRO (Contract Research Organization) setting
- Good knowledge of ASC606 Revenue Recognition is preferred
- Strong Financial acumen along with a methodical approach to tasks, awareness of organizational and external dynamics, and analytical thinking and problem-solving
- Strong Communicator: Demonstrate written, verbal and presentation skills to help showcase the successes of your work and Rho\’s. Fluency in both English and local languages
- Committed to Quality: Every job at Rho requires an attention to detail, a deep understanding of our high-quality scientific standards, and an ability to care about every outcome
- High-Character: Contribute to our collaborative culture with honesty and integrity. At Rho, we value a strong team spirit highlighted by loyalty, accountability, and mutual trust. We work smart together, we work hard together, and we laugh together. We take responsibility for our actions, forgive honest mistakes and respect one another
- Critical Thinker: Rho values thinking. Draw on your native ingenuity, sharpened and enhanced by our intellect, training, and experience. We evaluate situations and opportunities objectively and incisively; we then craft novel, practical solutions
- Agile and Adaptable: Rho values the ability to change quickly. We eagerly anticipate, respond to, and take advantage of changes in our environment. We embrace risk but manage it by planning, accepting, and learning from both failures and successes. The opportunity to adapt and evolve energizes us
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Senior Project Finance Analyst employer: Rho Inc
Contact Detail:
Rho Inc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Project Finance Analyst
✨Tip Number 1
Familiarise yourself with ASC606 Revenue Recognition principles, as this is a preferred knowledge area for the role. Understanding these concepts will not only help you in interviews but also demonstrate your commitment to the financial standards expected at Rho.
✨Tip Number 2
Showcase your analytical skills by preparing examples of how you've successfully managed complex project portfolios in the past. Be ready to discuss specific challenges you faced and the innovative solutions you implemented to overcome them.
✨Tip Number 3
Highlight your communication skills by preparing to discuss how you've effectively collaborated with stakeholders in previous roles. Rho values strong communicators, so be ready to share instances where your influence led to positive financial outcomes.
✨Tip Number 4
Demonstrate your adaptability by sharing experiences where you've had to pivot quickly in response to changing project dynamics. Rho appreciates candidates who can embrace change and manage risks while maintaining focus on financial performance.
We think you need these skills to ace Senior Project Finance Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance analysis, particularly within a CRO setting. Emphasise your skills in revenue recognition and financial reporting, as these are crucial for the Senior Project Finance Analyst role.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for Rho's unique culture and how your values align with theirs. Mention specific experiences that demonstrate your analytical skills and ability to influence project teams positively.
Showcase Your Communication Skills: Since strong communication is key for this role, provide examples in your application of how you've effectively communicated complex financial information to stakeholders. This could be through presentations or reports.
Highlight Problem-Solving Abilities: Rho values critical thinking and problem-solving. Include instances where you've successfully identified issues in financial performance and implemented corrective actions, showcasing your proactive approach.
How to prepare for a job interview at Rho Inc
✨Showcase Your Financial Acumen
Be prepared to discuss your experience with financial analysis and reporting, especially in relation to revenue recognition. Highlight any specific projects where you successfully managed complex financial portfolios, as this will demonstrate your capability to handle the responsibilities of the role.
✨Demonstrate Your Communication Skills
Since the role requires strong communication abilities, practice articulating your thoughts clearly. Be ready to provide examples of how you've effectively communicated financial strategies to project teams or stakeholders, showcasing your ability to influence and guide others.
✨Emphasise Your Problem-Solving Skills
Prepare to discuss instances where you've identified discrepancies in financial reports or forecasts and the corrective actions you implemented. This will illustrate your analytical thinking and commitment to driving positive change within a project.
✨Align with Rho's Collaborative Culture
Familiarise yourself with Rho's values and culture. During the interview, express your enthusiasm for teamwork and collaboration. Share experiences where you've worked closely with others to achieve common goals, as this aligns with the company's emphasis on a supportive community.
