Program Financial Analyst

Program Financial Analyst II

Location

Wilmington M

Onsite, Hybrid or Fully Remote

Onsite

Status

Full-Time

Reports To

Hiring Manager

FLSA Status

Exempt/Salary 

Management Position

No

Compensation Min

$80,000

Compensation Max 

$95,000

Position Overview

Relco (A Kovalus Company) is hiring a Program Financial Analyst II to support both company-wide financial planning and project-level financial management. You will turn financial data into well-defined recommendations for budgeting and forecasting and own the financial health of assigned projects from budget through closeout. You will report to the Finance Controller and work closely with department leaders and project managers.

This is a full-time role based in Willmar, MN. Regular working hours averaging 40-45 per week.

Responsibilities

The Program Financial Analyst II is responsible for providing financial planning, analysis, reporting, and business support for assigned programs, projects, or contracts. This role partners closely with Program Managers, Operations, Engineering, Contracts, and Finance leadership to monitor financial performance, analyze variances, forecast revenue and profitability, and support strategic decision-making. The Program Financial Analyst II ensures program financial objectives are achieved while maintaining compliance with company policies and contractual requirements. 

Key Responsibilities

• Financial Planning & Forecasting: Develop and maintain program financial forecasts, budgets, long-range plans, prepare projections, and track labor utilization, material costs, and program expenditures. 
• Program Financial Management: Monitor performance against budget and contractual targets, review program costs, identify risks and opportunities, ensure proper revenue recognition, and maintain profitability analyses. 
• Reporting & Analysis: Prepare reporting packages, analyze variances, support month-end close, develop KPI dashboards, and provide ad hoc analysis. 
• Project & Revenue Accounting Support: Support percentage-of-completion and other revenue recognition methods, review EAC and ETC calculations, monitor funding, billings, backlog, and margins. 
• Business Partnership: Serve as the finance liaison for assigned programs and provide financial guidance for proposals and contract negotiations. 
• Compliance & Controls: Ensure compliance with controls, support audits, maintain records, and improve reporting processes. 

Technical Skills 

• Advanced Excel (Pivot Tables, Power Query, XLOOKUP, financial modeling). 
• Financial forecasting and budgeting. 
• Variance analysis and KPI reporting. 
• ERP and business intelligence platforms. 
• Power BI, Tableau, or similar reporting tools. 
• Strong understanding of financial statements and accounting principles. 

Key Competencies 

• Financial Analysis 
• Business Acumen 
• Strategic Thinking 
• Attention to Detail 
• Problem Solving 
• Communication Skills 
• Cross-Functional Collaboration 
• Project Management 
• Decision Support 
• Risk Assessment 

Typical Performance Metrics 

• Program Gross Margin 
• Revenue Forecast Accuracy 
• Estimate-at-Completion Accuracy 
• Cost Variance Performance 
• Cash Flow Performance 
• Budget Compliance 
• Working Capital Management 
• On-Time Reporting 
• Financial Control Compliance 

Role Impact 

The Program Financial Analyst II serves as a trusted financial partner to program leadership by ensuring accurate forecasting, effective cost management, and informed decision-making that drives program profitability and business growth. This position bridges Finance and Operations to provide financial visibility throughout the program lifecycle. 

Qualifications:

• Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field. 
• 3 to 7 years of financial analysis, project accounting, program finance, or related experience. 
• Experience supporting large-scale projects, contracts, or manufacturing operations. 
• Strong financial modeling and analytical skills. 
• Advanced proficiency in Microsoft Excel. 

Preferred Experience 

• Experience with ERP systems such Microsoft Dynamics
• Experience with project accounting and revenue recognition. 
• Experience in manufacturing, engineering, aerospace, defense, construction, or technology industries. 
• Experience with Copilot or Claude

Kovalus offers a comprehensive package that includes: Medical (3 plan options), Dental (2 plan options) and Vision plan insurances; 401K (6% company match & fixed company contribution based on seniority); health savings and flexible spending accounts; company provided basic life insurance policy with the option of selecting additional voluntary life insurance for self, spouse or dependents; disability insurances (short-term policy is company paid & long-term is split between company and employee); voluntary insurance plans for Accident, Critical Illness and Hospital Indemnity; business and personal travel insurance; 10 paid holidays; vacation time starting at 3 weeks; 48 hours sick time; employee assistance program; educational assistance program; referral bonus; bereavement leave.

All benefits are subject to applicable plan and program terms (including eligibility terms) and may be subject to change. 

The Company’s employment application form will state, at least, that The Company will consider all applicants for positions without regard to race, color, religion, religious creed, sex, gender or gender identity, gender expression, sexual orientation, national origin, citizenship, ethnicity, ancestry, age, physical disability, mental disability, medical condition, pregnancy (including medical needs which may arise from pregnancy, childbirth or related medical conditions), military and veteran status, genetic information, marital or familial status, political affiliation, union membership, or any other basis prohibited by law.