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Contract Closeout Financial Analyst

at IBM Power Systems

Posted: 8/23/2019
Job Reference #: 262466

Job Description

Contract Closeout Financial Analyst

Your Role and Responsibilities
IBM Global Business Services (GBS) is a team of business, strategy and technology consultants enabling enterprises to make smarter decisions and providing unparalleled client and consumer experiences in cognitive, data analytics, cloud technology and mobile app development. With global reach, outcome-focused methodologies and deep industry expertise, IBM GBS empowers clients to digitally reinvent their business and get the competitive edge in the cognitive era in over 170 countries.

Bottom line? We outthink ordinary. Discover what you can do at IBM.
The Contract Closeout Financial Analyst performs review and close out of contracts held by IBM GBS Federal and ensures close out documentation submitted to the customer is in compliance with DCMA/DCAA, FAR, IBM and all contractual terms and conditions. Responsibilities include reviewing all contractual and financial documentation associated with the performance of the contract, generating reports from the accounting system, and preparing a closeout package.  Research and analysis is performed on any discrepancies and ability to reconcile is needed.  The successful candidate must have the ability to work on multiple projects simultaneously, be detailed oriented and adjust quickly to emerging priorities on short notice.  This role will also lead the work effort of a small team by providing training, setting goals and monitoring performance.  This position has potential to grow into additional roles on the Compliance Team.
As a Contract Closeout Financial Analyst your responsibilities will include, but are not limited to the following:
  • Must be able to lead a small team, provide training and work independently
  • Document review and assimilation of signed contracts, modifications, invoice, expense reports, purchase orders, and procurement documents
  • Interact with other functional departments, such as IBM Contracts, Procurement, Financial Analysts, and Collections in order to complete the overall contract closeout
  • Reconcile and research discrepancies in financials using a basic knowledge of Accounting
  • Work on multiple projects at a time and adjust quickly to emerging priorities on short notice
  • Learn additional software and business processes in the context of contract closeout
  • Learn and apply job costing principles used on government contracts



The Public Service Sector consulting practice is a trusted advisor to federal, state and local governments, partnering to meet challenges and responding quickly to citizen demands, business needs, new economic conditions, and changing legislative priorities and policies.
Health Insurance. Paid time off. Corporate Holidays. Sick leave. Family planning. Financial Guidance. Competitive 401K. Training and Learning. We continue to expand our benefits and programs, offering some of the best support, guidance and coverage for a diverse employee population.

Our goal is to be essential to the world, which starts with our people. Company wide we kicked off an internal talent strategy program called Go Organic. At our core, we are committed to believing and investing in our workforce through:
  • Skill development: helping our employees grow their foundational skills
  • Finding the dream job at IBM: navigating our company with the potential for many careers by channeling an employee’s strengths and career aspirations
  • Diversity of people: Diversity of thought driving collective innovation
In 2015, Go Organic filled approximately 50% of our open positions with internal talent that were promoted into the role. 

With an employee population of 375,000 in over 170 countries, amazingly we connect, collaborate, and care. IBMers drive a corporate culture of shared responsibility. We love grand challenges and everyday improvements for our company and for the world. We care about each other, our clients, and the communities we live, work, and play in!

Auto req ID

Required Education
Bachelor's Degree

Role ( Job Role )
Financial Analyst

State / Province

Primary job category

(0147) International Business Machines Corporation

Contract type

Employment Type

Is this role a commissionable/sales incentive based position?

Travel Required
No Travel

IBM Business Group

Preferred Education
Bachelor's Degree

City / Township / Village

Being You @ IBM
IBM is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. IBM is also committed to compliance with all fair employment practices regarding citizenship and immigration status.

Required Technical and Professional Expertise
  • At least 2 Years experience in working in an advanced levels of Microsoft Excel
  • At least 2 Years experience in writing technical documents
  • Previous experience working with Federal Government contracts
  • Bachelor’s degree (Finance / Accounting preferred area of study)
  • Ability to lead a team and motivate others

United States

Preferred Technical and Professional Experience

Secondary Job Category

Eligibility Requirements
US Citizen

Position Type

Early Professional Track
Not Applicable - Professional Hire

Location Statement
For additional information about location requirements, please discuss with the recruiter following submission of your application.

New Collar Role

Known as the 'knowledge behind the numbers', Financial Analysts are considered to be trusted business advisors, working within IBM’s business units and geographies, as well as in a myriad of specialized corporate functions. IBM's finance organization is instrumental in driving innovative improvements to global financial processes while providing measurable value to the business.

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Impact. Inclusion. Infinite Experiences. Do your best work ever.

About Business Unit
IBM Services is a team of business, strategy and technology consultants that design, build, and run foundational systems and services that is the backbone of the world's economy. IBM Services partners with the world's leading companies in over 170 countries to build smarter businesses by reimagining and reinventing through technology, with its outcome-focused methodologies, industry-leading portfolio and world class research and operations expertise leading to results-driven innovation and enduring excellence.

About IBM
IBM’s greatest invention is the IBMer. We believe that progress is made through progressive thinking, progressive leadership, progressive policy and progressive action. IBMers believe that the application of intelligence, reason and science can improve business, society and the human condition. Restlessly reinventing since 1911, we are the largest technology and consulting employer in the world, with more than 380,000 IBMers serving clients in 170 countries.