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Project Finance Controller

Project Finance Controller

We are looking for a Project Finance Controller to join our Energy, Environment & Infrastructure (EEI) group. You will be involved in project setup, budgeting, forecasting, revenue recognition, variance analysis, reporting, and have the opportunity to interface with operations and senior management to share financial results and identify future expectations.

What You Will Do:

  • Execute contracts from cradle to grave, including reviewing executed contracts and pulling out the necessary information to setup and manage a project, set-up projects with multiple contract types, e.g., Cost-Plus, T&M, Fixed-Price, including proper billing and revenue recognition.  Ensure the project set-ups and modifications are entered into Deltek Costpoint in accordance with ICF’s internal SOX policies and procedures.

  • Maintain Deltek Costpoint project information, i.e., contract /funding values, period of performance, line of business, project labor categories, etc.

  • Review and complete timely and accurate project monthly revenue recognition procedures, in accordance with GAAP and ICF policies.

  • Analyze all direct project costs/fee/revenue data; monitor project budgets and progress; and share results with Program Managers to ensure projects achieve financial expectations. 

  • Ensure timely invoice processing. Work with assigned billing specialist; review and approve client invoices; follow up on collections; and analyze and understand unbilled WIP.

  • Prepare and effectively review Estimate-At-Complete (EAC)

  • Manage project subcontractor invoices, including subcontractor invoice approval; processing and submission to Accounts Payable; and maintenance of subcontractor financial data for semi-annual subcontractor reporting (SF 294).

  • Prepare and submit project monthly progress reports /other reports as required.

  • Interact with other departments, such as Contracts, Procurement, Accounting, Project Management, and Business Unit Leads regarding project related issues.

  • Maintain open communication with direct management regarding financial results and ensure Project Managers and other senior personnel are aware of risks and opportunities identified during project financial tracking, revenue review, A/R, WIP, etc.

  • Review and monitor project funding and expenditures for contract 75% Limitation of Funds notification.

  • Prepare and provide necessary financial information (i.e., fee retention, final invoice review) and other related financial information/documentation to the ICF closeout department.

  • Assist with reviewing and updating project forecasting files.

  • Assist with the mentoring and training of junior team members.

What You Will Bring With You:

  • 4+ years of experience in a Finance/Accounting role in a government and/or commercial contracting environment.

  • Experience with service type T&M and/or fixed priced contracts.

  • Experience with Deltek Costpoint and Cognos reports.

  • Experience using M365 applications, including Excel, e.g., VLOOKUP, Pivot Tables, etc.

What We Would Like You To Bring With You:

  • Bachelor’s degree in Accounting/Finance, Business or related discipline, or equivalent experience in a related field.

Professional Skills:

  • Highly effective analytical, problem-solving, and decision-making capabilities.

  • Excellent communication and interpersonal skills to interface effectively at all levels of the business.

  • Organized, detailed oriented and able to prioritize and multi-task.

Working at ICF

ICF is a global advisory and technology services provider, but we’re not your typical consultants. We combine unmatched expertise with cutting-edge technology to help clients solve their most complex challenges, navigate change, and shape the future.

We can only solve the world's toughest challenges by building a workplace that allows everyone to thrive. We are an equal opportunity employer. Together, our employees are empowered to share their expertise and collaborate with others to achieve personal and professional goals. For more information, please read our EEO policy.

 

Reasonable Accommodations are available, including, but not limited to, for disabled veterans, individuals with disabilities, and individuals with sincerely held religious beliefs, in all phases of the application and employment process. To request an accommodation, please email Candidateaccommodation@icf.com and we will be happy to assist. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.  

Read more about workplace discrimination rights or our benefit offerings which are included in the Transparency in (Benefits) Coverage Act. 

 

Candidate AI Usage Policy

At ICF, we are committed to ensuring a fair interview process for all candidates based on their own skills and knowledge. As part of this commitment, the use of artificial intelligence (AI) tools to generate or assist with responses during interviews (whether in-person or virtual) is not permitted. This policy is in place to maintain the integrity and authenticity of the interview process.  

However, we understand that some candidates may require accommodation that involves the use of AI. If such an accommodation is needed, candidates are instructed to contact us in advance at candidateaccommodation@icf.com. We are dedicated to providing the necessary support to ensure that all candidates have an equal opportunity to succeed.


 

Pay Range - There are multiple factors that are considered in determining final pay for a position, including, but not limited to, relevant work experience, skills, certifications and competencies that align to the specified role, geographic location, education and certifications as well as contract provisions regarding labor categories that are specific to the position.

The pay range for this position based on full-time employment is:

$67,020.00 - $113,934.00

Nationwide Remote Office (US99)
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$67020K
$113934K

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What You Should Know About Project Finance Controller, ICF

As a Project Finance Controller at ICF in Reston, VA, you will play a pivotal role within our Energy, Environment & Infrastructure (EEI) group. If you have a knack for numbers and a passion for project management, you're in for an exciting career challenge! You'll oversee everything from project setup and budgeting to revenue recognition and variance analysis. Your expertise will allow you to interact directly with operations and senior management to share vital financial insights and future project expectations. We are looking for savvy professionals who can handle contracts of various types, maintain meticulous project details in Deltek Costpoint, and ensure that all our financial processes align with GAAP and our internal policies. You’ll also be responsible for monitoring project budgets, managing invoicing, and collaborating with various departments to ensure smooth project execution. This role is perfect for someone who thrives in a collaborative environment and loves mentoring junior team members. If you have experience in finance or accounting within government or commercial contracting, and a bachelor’s degree in a related field, we want to hear from you! Bring your analytical skills and your excellent communication abilities to a team that values your ideas and promotes a thriving workplace culture. Here at ICF, we believe in empowering our team members to achieve both their personal and professional goals. Join us to tackle the world's toughest challenges with innovative solutions and a collaborative spirit!

Frequently Asked Questions (FAQs) for Project Finance Controller Role at ICF
What are the main responsibilities of a Project Finance Controller at ICF?

As a Project Finance Controller at ICF, your primary responsibilities include managing project setups, budgeting, forecasting revenues, and conducting variance analysis. You will ensure compliance with GAAP and internal policies while maintaining project records in Deltek Costpoint. Additionally, you'll oversee invoicing processes and collaborate with senior management to provide insights on project finances.

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What qualifications are required to become a Project Finance Controller at ICF?

To be considered for a Project Finance Controller role at ICF, candidates should possess at least 4 years of experience in finance or accounting within a government or commercial contracting setting. A bachelor’s degree in Accounting, Finance, or related field is preferred. Proficiency in Deltek Costpoint and strong analytical skills are also highly valued.

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How does a Project Finance Controller contribute to project success at ICF?

A Project Finance Controller at ICF contributes to project success by overseeing financial tracking, maintaining compliance with financial reporting standards, and ensuring that budgets and forecasts align with project expectations. Your ability to analyze financial data and communicate findings effectively helps project managers make informed decisions, thereby increasing the likelihood of project success.

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What software skills are important for a Project Finance Controller at ICF?

Strong proficiency in financial software is crucial for a Project Finance Controller at ICF. Experience with Deltek Costpoint is required, along with advanced skills in Microsoft 365 applications, particularly Excel. Familiarity with tools like VLOOKUP and Pivot Tables enhances your capacity to analyze and report on project financials efficiently.

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What is the typical work environment for a Project Finance Controller at ICF?

Project Finance Controllers at ICF typically work in a collaborative office environment in Reston, VA, but may also have the opportunity for remote work. The role requires interaction with various departments, fostering teamwork while managing projects effectively. Overall, it's a dynamic and engaging work culture that supports professional development.

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Common Interview Questions for Project Finance Controller
How do you handle financial discrepancies in projects as a Project Finance Controller?

When addressing financial discrepancies, it's important to first identify the source of the issue by reviewing your financial data and project documentation. Clear communication with project managers and other departments can help you resolve any misunderstandings. Emphasize your analytical skills and collaborative approach in your response.

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Can you explain your experience with Deltek Costpoint?

In an interview, you should provide specific examples of how you've used Deltek Costpoint, such as project setup, managing cost accounting, or generating reports. Highlight your familiarity with its functionalities and how it has helped you improve financial accuracy and project tracking.

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Describe how you ensure compliance with GAAP and internal policies in your role.

To ensure compliance, I consistently reference GAAP guidelines and our company's internal policies during financial reporting and documentation. Highlight specific instances where you tracked compliance or implemented procedures that uphold these standards effectively.

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How do you prioritize multiple projects with tight deadlines?

When faced with multiple projects, I prioritize by assessing the urgency and importance of each task. Utilizing project management tools and maintaining a detailed task list helps keep me organized. Demonstrating your organizational skills and your ability to multi-task effectively can strengthen your answer.

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What strategies do you use to analyze project budgets effectively?

I employ a combination of trend analysis and variance reporting to analyze project budgets. Regularly reviewing actual versus projected costs allows me to identify potential issues early. Additionally, outlining your analytical process and tools used can showcase your methodical approach.

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How do you communicate financial results to non-financial team members?

I use clear, simple language and visual aids to convey complex financial data to non-financial team members. Tailoring my presentation style based on my audience helps ensure better understanding. Sharing examples where you've had successful communication can enhance your answer.

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Can you give an example of a time you identified a financial risk in a project?

Share a specific incident where you detected a financial risk early in a project's lifecycle. Explain the steps you took to address it and the outcome, emphasizing your analytical abilities and proactive approach.

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What experience do you have with mentoring junior team members?

When discussing mentoring, share instances where you've guided or trained junior staff. Highlight the methods you've used to help them develop their financial skills, showcasing your leadership abilities and commitment to team growth.

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How do you maintain accuracy while managing financial data?

To maintain accuracy, I adopt a meticulous approach to data entry and regularly conduct reconciliations and audits. Implementing double-checking methods, peer-review processes, and correction procedures demonstrates your commitment to precision.

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What role does collaboration play in your work as a Project Finance Controller?

Collaboration is vital in my role as a Project Finance Controller. Working closely with project managers, procurement teams, and accounting departments allows for seamless information sharing and problem-solving. Articulating the importance of teamwork in financial projects can impress interviewers.

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ICF is a global advisory and technology services company with approximately 9,000 employees in industries across the public and private sectors. For over 50 years, we’ve been helping clients take on some of the world’s most complex challenges to p...

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DATE POSTED
April 13, 2025

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