Apply on Employer Site

Inside Higher Ed · 2 days ago

Sr. Financial Analyst, Financial Reporting (Central Finance)

Baltimore, MD

Full-time

Hybrid

Senior Level

$63K/yr - $110K/yr

5+ years exp

Inside Higher Ed is seeking a Sr. Financial Analyst, Financial Reporting to support core financial operations within the School of Medicine. This role involves collaborating with departments and Central Finance to ensure accurate financial reporting and performing complex financial analysis to assist management in budget establishment and fiscal objectives.

Digital MediaEducationHigher EducationJournalismRecruiting

Responsibilities

Interpret data, and review data prepared by others, to evaluate and determine past financial performance and/or make financial projections and assist management in making overall business decisions

Analyze, coordinate and consolidate departmental financial information for the development of the department/divisional annual operating and/or capital budgets and five-year plan

Analyze, extract, and define relevant complex financial data; plan and conduct complex studies to determine cost and financial results of business activities and improve the operational and financial effectiveness of the unit, department, or division. Review financial needs and explore alternative financing methods

Make budget adjustments and implement cost improvement measures. Use appropriate cost rates, such as indirect and benefit rates for proposed budgets. Prepare and present budget proposals to senior management

Create financial systems, structures, and controls for a variety of processes that provide tracking, validation, and reporting. Implement quality control and process improvements for overall business process

Review proposed operating and financial plans, including proposed program increases, estimated costs and expenses to finance proposed programs. Recommend course of action to improve financial performance

Evaluate and analyze capital expenditures proposals, profit plans, operating records and financial statements

Oversee moderately complex to complex budget accounts. Provide oversight for the expenditure of funds, ensuring that funds are expended appropriately and advise stakeholders on required action to resolve funding shortfalls

Keep abreast of laws and regulations that impact compliance and act as a resource for administrative and financial staff

Utilize comprehensive knowledge of applicable laws and regulations and the university's financial accounting system to ensure internal and external compliance

Use various software applications, such as spreadsheets, relational databases, statistical packages, and graphics packages to assemble, manipulate and/or format data and/or reports

Other duties as assigned

Manage key components of the monthly and year-end close process, including journal entries and variance analysis

Apply GAAP and funds management principles to ensure accurate, compliant financial reporting

Maintain and enforce internal controls related to non-sponsored financial master data and funds management policies

Serve as a subject matter expert for reconciling and analyzing financial transactions

Serve as a resource for finance colleagues by providing guidance and training on accounting processes and compliance requirements

Review and approve master data requests, train departments on internal processes and compliance standards

Qualification

Financial AnalysisBudgetingRegulatory ComplianceGAAPSAPData Reporting ToolsAnalytical SkillsFinancial PlanningFinancial ControlsStatistical AnalysisFinancial Software