Financial Analyst

Position Type:

Purpose of Classification:

Performs detailed cost and financial analyses. Develops and interprets detailed cost accounting information and makes recommendations regarding the efficient utilization of resources and the proper accounting for transactions. Assists in solving complex technical problems in areas where no precedent exists.

Distinguishing Characteristics:

This is first in a series of three classifications. It is distinguished from the Financial Analyst, Senior in that incumbents perform tasks under direction. Incumbents assume some responsibility for specialized, complex or large financial analysis assignments where overall impact is great.

Example of Duties:

  • Performs specific tasks related to rate development, including identifying cost centers and their related expenses and calculating recovery rates such as recharge and indirect cost; prepares related reports.
  • Provides technical assistance in the design of cost accounting or reporting systems and related forms and documents.
  • Assists in advising departments with respect to updating billing rates and interpreting cost accounting data; recommends alternative solutions to cost accounting problems.
  • Performs specialized financial or cost analyses such as cash-flow analysis; prepares related reports such as pro forma financial statements.
  • Assists in reviews of financial and internal controls to determine whether such controls are adequate to meet management objectives and ensure the safeguarding of assets; recommends and implements security and system control procedures.
  • Interviews employees at all levels to analyze policies, work procedures and operational methods.
  • Performs specific tasks related to reviews of management practices and policies; recommends changes to enhance operating efficiencies.
  • Produces specific plans using computer systems.
  • Identifies themes and areas of interest and evaluates audience response; inspects exhibits for damage.

Knowledge, Skills, and Abilities:

  • Knowledge of cost and financial accounting principles, practices and procedures.
  • Knowledge of principles and techniques used in conducting management studies, system analyses and financial analyses.
  • Knowledge of internal control systems and procedures.
  • Skill in performing complex numerical calculations.
  • Skill in the use of personal computers and related financial and statistical software products.
  • Ability to effectively communicate.

Minimum Qualifications:

  • Master's degree in Accounting, Finance or Business Administration AND one year of auditing, cost accounting and/or financial analysis experience; OR,
  • Bachelor's degree with a major in Accounting, Finance or related area or a Bachelor's degree with advanced accounting coursework AND two years of auditing, cost accounting and/or financial analysis experience; OR,
  • Six years of progressively responsible and diverse auditing, cost accounting and/or financial analysis experience; OR,
  • Any equivalent combination of experience, training and/or education approved by Human Resources.
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