A Financial Analyst evaluates investment opportunities and makes recommendations to individuals and businesses. Analyzes the performance of different types of investments, studies business and economic trends and analyzes data to project company earnings
Program Finance Analyst II
MAG Aerospace
•
Fairfax, Virginia
•
PERMANENT
Updated 08/27/2026
Job Description
Job Summary
Position Summary
MAG Aerospace is seeking a Program Finance Analyst II to support high visibility defense contracts with the DoD. This position will report to the Director of Financial Operation within the C5S Business Unit; prioritize requirements and achieve financial goals while ensuring the integrity of business processes.
Essential Duties and Responsibilities
Responsible for managing financial projections and analyses for multiple programs simultaneously
Ensure adequate funding availability by maintaining accurate records of expenditures and submitting timely requests for additional funding to the government
Support/interface with both government/commercial customers including presentation of funding, EAC/ETC, projections and knowledge of appropriate allocation of costs
Responsible for complete project setup within Accounting System and required periodic updates in accordance with Contract modifications and funding
Prepare variance explanations, estimates to complete (EACs), and monthly corporate and customer reports related to cost/schedule performance, staffing, and Revenue forecasts
Responsible for monthly close process relative to assigned programs for both internal and external requirements
Audit travel costs for completeness/accuracy
Prepare accurate and timely billing and necessary support to customers in coordination with Accounts Receivable Team
Direct coding of project expenses with Accounts Payable team
Partnership with Program Management team to ensure accuracy in day-to-day operations and data reporting
Prepare annual program budget as well as monthly/quarterly forecast updates
Prepare internal as well as external reporting by program in accordance with company/contract requirements
Requirements
Demonstrated experience and proficiency with MS Office applications; Primarily Advanced Excel
Strong understanding of financial management concepts such as funding, revenue, cost, profit, billed AR, unbilled AR, EACs, subcontracts, purchase orders, etc.
Experience managing Cost Plus, T&M and Fixed Price Contracts
Strong numerical and analytical skills
Positive attitude and adaptability to changing requirements
Must be detail oriented and have strong organizational/communication skills
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
4+ years of experience in Program Finance
Bachelor's Degree
U.S. Citizenship with the ability to obtain a Secret clearance
Desired Requirements
Prior experience supporting Government Contracts / Finance / Budgeting / Job Cost Accounting
Experience with Deltek Costpoint, Cognos, or similar enterprise financial systems
Basic understanding of FAR Cost Principles
Perform duties at MAG's Fairfax office 4 days a week in person, 1 day remote
Benefits and CompensationAt MAG Aerospace, we value your contributions providing our employees with a robust Total Rewards package that supports your total well-being. Full-time and part-time employees working at least 30 hours a week on a regular basis are eligible to participate in MAGs Total Rewards programs. Our offerings include health, life, disability, financial, and retirement benefits as well as paid leave, professional development, and tuition assistance. Individuals that do not meet the threshold are only eligible for select offerings not inclusive of health benefits. We encourage you to learn more about our Total Rewards Program by visiting the Resource page on our Careers site: https://www.magaero.com/benefits/. Salary at MAG Aerospace is determined by various factors including but not limited to location, the particular combination of education, knowledge, skills, competencies, and experience as well as contract-specific affordability and organizational requirements. The projected compensation range for this position is $100,000.00 to $115,000.00 (annualized USD). The estimate displayed represents the typical salary range for this position and is just one component of MAGs total compensation package for employees.
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