Financial Analyst, Senior

Position Type:

Purpose of Classification:

Establishes control procedures, accounting and reporting systems to provide specialized financial and cost accounting information to various users on request. Performs detailed cost and financial analysis. Develops and interprets detailed cost and accounting information and makes recommendations regarding the efficient utilization of resources and the proper accounting for transactions. Assists university administration in the analysis, development and integration of new or revised institutional policies and procedures. Acts as a project leader coordinating and/or supervising work of professional staff. Solves complex technical and managerial problems utilizing an understanding of interrelationships with other aspects of the university in areas where no precedent exists.

Distinguishing Characteristics:

This is second in a series of three classifications. It is distinguished from the Financial Analyst in that incumbents work independently under broad direction and may provide work direction and supervision to professional staff. It is distinguished from the Financial Analyst Principal classification in that incumbents act as project leaders on a single major project, whereas the Financial Analyst, Principal has responsibility for simultaneously managing multiple projects. Incumbents assume responsibility for specialized, complex, or large financial analysis assignments where overall impact is great.

Example of Duties:

  • Maintains responsibility for all phases of rate development, including identifying cost centers and their related expenses, and calculating recovery rates such as recharge and indirect cost; ensures related reports are prepared.
  • Designs cost accounting or reporting systems and related forms and documents; determines input and output requirements.
  • Provides advisory services to departments with respect to updating billing rates and interpreting cost accounting data; recommends alternative solutions to cost accounting problems.
  • Performs or supervises preparation of specialized financial or cost analyses such as cash flow analysis; prepares related reports such as pro forma financial statements.
  • Maintains responsibility for all phases of 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.
  • Advises management with respect to internal costing practices and compliance with federal and state regulations.
  • Performs examinations of the adequacy and effectiveness of management practices and policies; recommends changes to enhance operating efficiencies.
  • Supervises and/or monitors activities of subordinates.
  • Conducts meetings to encourage interaction and the exchange of ideas, concerns and proposals from various organizations to facilitate solutions to administrative problems.
  • Provides technical advice and services to university departments requesting assistance solving complex problems or issues or completing special projects.

Knowledge, Skills, and Abilities:

  • Knowledge of cost and financial accounting principles, practices and procedures.
  • Knowledge of supervisory practices and principles.
  • 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 preparing complex management reports on a timely basis. 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 or Certified Public Accountant or Certified Management Accountant AND three years 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 course work AND four years of auditing, cost accounting and/or financial analysis experience; OR,
  • Any equivalent combination of experience, training and/or education as approved by Human Resources.
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