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Junior Program Finance Analyst

MAG Aerospace
Fair Oaks, VA, 22033
June 08, 2021


Position Summary

MAG Aerospace is seeking a Program Finance Analyst to support high visibility defense contracts with the DoD. This position will report to the Lead Program Financial within the ETS Business Unit; prioritize requirements and achieve financial goals while ensuring the integrity of business processes.

Essential Duties and Responsibilities

Duties include, but not limited to:

Assist with setting up cost control systems and performing analyses to ensure that contracts are within negotiated and agreed-upon parameters and government cost control guidelines

Incorporate contractual changes into control systems by staying aware of outstanding work against each contract in order to maintain realistic contract cost and schedule baselines

Assist in performing financial analyses and preparing variance explanations, estimates to complete (EACs), and monthly corporate and customer reports related to cost/schedule performance, staffing, and Revenue forecasts

Ensure adequate funding availability by maintaining accurate records of expenditures, directing preparation of expenditure projections, and submitting timely requests for additional funding to the government

Audit monthly travel costs for completeness/accuracy

Prepare accurate and timely billing to customers in coordination with Accounts Receivable Team

Coordinate with Accounts Payable to process vendor invoices

Responsible for monthly close process relative to assigned programs

Collaboration with team members and Program Management to ensure accuracy in data reporting

Assist Senior staff with annual budgeting as well as periodic forecast updates

Prepare internal as well as external reporting by program in accordance with company/contract requirements



Minimum Requirements

1 - 3 years of experience in Program Finance

Must have a Bachelor’s Degree

Demonstrated experience and proficiency with MS Office applications; Primarily Excel

Understanding of financial management concepts such as funding, revenue, cost, profit, billed AR, unbilled AR, subcontracts, purchase orders, etc.

Ability to prioritize and manage multiple tasks simultaneously

Demonstrated initiative, flexibility, and ingenuity with the ability to effectively achieve organizational established goals and objectives

Ability to thrive in a fast-paced, customer service and collaborative team environment

Must be a US Citizen

Ability to obtain a Secret Clearance.

Desired Requirements

Prior experience supporting government contracts

Experience with Deltek Costpoint, Cognos, or similar enterprise financial systems

Company Policy

MAG Aerospace (MAG) is an Equal Opportunity/Affirmative Action Employer and is committed to Diversity and Inclusion. We encourage diverse candidates to apply to our positions.All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.Click below for the “EEO is The Law” and “Pay Transparency Nondiscrimination” supplement posters.

MAG Aerospace (MAG) is committed to providing an online application process that is accessible to all, including individuals with a disability, by offering an alternative way to apply for job openings. This alternative method is available for those who cannot otherwise complete the online application due to a disability or need for accommodation.MAG provides reasonable accommodation to applicants under the guidance of the Americans with Disabilities Act (ADA), Section 503 of the Rehabilitation Act of 1973, the Vietnam-Era Veterans’ Readjustment Assistance Act of 1974, and certain state and/or local laws.

If you need assistance due to a disability, please contact the MAG Aerospace Recruiting email: or call .

Regular Full-Time