Top-Rated Lead Construction Financial Analyst Resume Examples for Illinois

Using the STAR method: **Situation:** On a large commercial project, we noticed a significant variance in the concrete costs, exceeding the budget by 15%. **Task:** My task was to investigate the cause of the variance and propose a solution to mitigate further cost overruns. **Action:** I reviewed all invoices related to concrete, compared them to the original estimates, and identified discrepancies in pricing and quantities. I then met with the project manager and the concrete supplier to negotiate better pricing and explore alternative sourcing options. We also implemented stricter controls on concrete usage to minimize waste. **Result:** By negotiating with the supplier and implementing stricter controls, we were able to reduce the concrete costs by 10%, bringing the project closer to the original budget.

I actively participate in industry conferences and webinars, subscribe to relevant publications (e.g., Construction Financial Management Association publications), and take continuing education courses to stay abreast of the latest accounting standards and regulations. I also regularly consult with industry experts and legal counsel to ensure compliance.

I have extensive experience using Sage 300 Construction and Real Estate. I've used it for project costing, job costing, accounts payable, accounts receivable, and financial reporting. I also have experience customizing reports and setting up workflows within the software to improve efficiency. I am proficient in data extraction and manipulation, and have used the software to generate key performance indicators (KPIs) for project monitoring.

I once worked with a project manager who was new to the financial aspects of construction projects. He was struggling to understand the budget variance reports and how his decisions impacted the project's bottom line. I took the time to explain the key financial concepts in a clear and concise manner, using real-world examples and visual aids. I also provided him with regular feedback and support, helping him to develop his financial acumen. As a result, he became more confident in his ability to manage project finances effectively.

I prioritize tasks based on their urgency, importance, and impact on the overall project goals. I use a time management system, such as the Eisenhower Matrix, to categorize tasks and allocate my time accordingly. I also communicate regularly with my team and stakeholders to ensure that everyone is aware of my priorities and any potential roadblocks.

Key financial risks include cost overruns, delays, material price fluctuations, and subcontractor defaults. To mitigate these risks, I implement robust cost control measures, conduct thorough due diligence on subcontractors, negotiate favorable contract terms, and maintain adequate insurance coverage. I also develop contingency plans to address potential disruptions and minimize their impact on the project's finances.

I have built various financial models to forecast project costs, revenues, and profitability. These models incorporate factors such as material prices, labor rates, and market demand. I use sensitivity analysis to assess the impact of different assumptions on the project's financial outcomes. I also use forecasting techniques to predict future cash flows and ensure that the project has sufficient funding to meet its obligations.

I ensure accuracy through meticulous attention to detail, regular reconciliation of accounts, and implementation of strong internal controls. I also leverage technology to automate data entry and validation processes, reducing the risk of human error. Furthermore, I promote a culture of accountability within the finance team, encouraging employees to take ownership of their work and report any discrepancies promptly.