About this role
Financial Analyst I Syneos Health® is a leading fully-integrated life sciences services organization built to accelerate customer success. We partner with innovators at every point across the drug development and commercialization continuum, helping them navigate complexity, anticipate change and accelerate progress. Every day we perform better because of how we work together, as one team, each the best at what we do.
We bring together talented experts across a broad spectrum of business critical corporate functions. Every role plays an essential part in enabling our customers to achieve their goals. Our teams are agile, collaborative, and committed to delivering—for each other, for our customers, and ultimately for the people who rely on the services we support.
Discover what your 25,000 future colleagues already know: Why Syneos Health • We are passionate about developing our people, through career development and progression; supportive and engaged line management; technical and therapeutic area training; peer recognition and total rewards program. • We are committed to building an inclusive culture – where you can authentically be yourself. Central to this is our purpose – Driven to Deliver – which captures the passion of our colleagues to show up each day and shape solutions that have the ability to dramatically impact someone’s life. • We are continuously building the company we all want to work for and our customers want to work with. Why?
Because we know that when we bring together smart colleagues from across the world, we can shape the future of healthcare, driving impact for customers and defining the pace of patient progress. Job Responsibilities Key Responsibilities Project and Contract Administration Set up projects and contracts accurately within financial and project management systems. Review contract documentation and ensure project structures align with contractual terms and billing requirements.
Update contract values, funding modifications, and project financial attributes as needed. Partner with Contracts, GDM, Sales Operations, and Salesforce teams to ensure opportunities and projects are established and activated in a timely manner. Validate that revenue recognition methodologies are properly configured and maintained throughout the project lifecycle.
Revenue Recognition and Financial Analysis Maintain project revenue trackers and ensure accurate revenue recognition calculations. Review monthly project financial data to validate revenue, costs, funding, and profitability. Analyze project performance and identify variances requiring corrective action.
Research and resolve unbilled receivable and deferred revenue balances. Prepare supporting schedules and documentation for month-end and quarter-end close activities. Assist with the preparation and posting of revenue-related journal entries, as required.
Project Reconciliation and Closeout Perform regular project reconciliations to ensure financial accuracy and completeness. Investigate discrepancies related to labor, revenue, costs, funding, and billing. Coordinate project closure activities and verify all financial obligations have been completed.
Ensure final revenue, billing, and cost reconciliations are completed prior to project closeout. Labor and Timecard Review Review employee and contractor timecards for accuracy and compliance with project requirements. Make necessary adjustments to labor allocations to support accurate project costing and revenue recognition.
Validate labor charges against project budgets, contract terms, and revenue calculations. Intercompany Financial Management Manage intercompany work orders and related financial transactions. Coordinate approvals, signatures, and execution of intercompany agreements.
Monitor intercompany activity to ensure compliance with company policies and accurate financial reporting. Business Partnership and Operational Support Serve as a finance business partner to Consulting Operations teams. Educate project managers and operational leaders on revenue recognition, project setup requirements, and financial best practices.
Provide guidance on project structures to ensure accurate billing, costing, and revenue reporting. Collaborate with cross-functional teams to improve project financial processes and controls. Support continuous process improvement initiatives to enhance efficiency and reporting accuracy.
Get to know Syneos Health Over the past 5 years, we have worked with 94% of all Novel FDA Approved Drugs, 95% of EMA Authorized Products and over 200 Studies across 73,000 Sites and 675,000+ Trial patients. No matter what your role is, you’ll take the initiative and challenge the status quo with us in a highly competitive and ever-changing environment. Learn more about Syneos Health. http://www.syneoshealth.com Additional Information Tasks, duties, and responsibilities as listed in this job description are not exhaustive.
The Company, at its sole discretion and with no prior notice, may assign other tasks, duties, and job responsibilities. Equivalent experience, skills, and/or education will also be considered so qualifications of incumbents may differ from those listed in the Job Description. The Company, at its sole discretion, will determine what constitutes as equivalent to the qualifications described above.
Further, nothing contained herein should be construed to create an employment contract. Occasionally, required skills/experiences for jobs are expressed in brief terms. Any language contained herein is intended to fully comply with all obligations imposed by the legislation of each country in which it operates, including the implementation of the EU Equality Directive, in relation to the recruitment and employment of its employees.
The Company is committed to compliance with the Americans with Disabilities Act, including the provision of reasonable accommodations, when appropriate, to assist employees or applicants to perform the essential functions of the job.