Financial Analyst

New York Metro Area, NY

Post Date: 01/11/2018 Job ID: 4534 Department: Financial Services

Title: Financial Analyst

Location: Manhattan, NY 10001

Industry: Healthcare

Occupational Category: Finance

Hours: Full-time

Description: Hiring a Financial Analyst for a financial management company provides outsourced finance and accounting services to nonprofit organizations. The Financial Analyst will work closely with the clients, the Client Manager, the Controller and assist in supervising the offshore team. The principal responsibilities of the Financial Analyst entail creating meaningful, actionable and timely analysis including variance analysis of actual results to budget, development of annual budgets and forecasts, cash flow analysis, voucher preparation and reconciliation to the general ledger, support of the annual audit, and special projects.

Responsibilities:
  • Analyze organization’ s performance to goals
  • Review monthly financial statements and provide variance analysis highlighting risks and opportunities to revenue streams and expense control
  • Monitor cash flows weekly. Develop cash flow projections to ensure cash is available
  • Assist in developing reports for board presentation
  • Assist with agency audit preparations including the single audit and the IRS 990 filing
  • Ensure timely & accurate preparation & submission of monthly reimbursement claims
  • Collaborate with client department leads to develop grant budgets for proposals
  • Reconcile accounts receivable monthly and follow-up with funders to ensure collection
  • Submit budget modifications based on contract spending analysis
  • Identify all issues impacting vouchers and report to both Controller and Client Manager to proactively manage and resolve the issue for the client
  • Analyze grant spending against funder budgets and review with clients
  • Monitor payroll grids by reviewing allocations & analyzing variances with contract budgets
  • Monitor the client’ s contract(s) OTPS (other than personnel expenses) spending to maximize reimbursement and GL accuracy
  • Prepare agency/site cost allocation
  • Manage funder audits
  • Assist with preparation of the client’ s annual operating and capital budgets
  • Develop forecasts for year-end results based on period to-date activity and analysis

Educational Requirements:
  • BS/BA in accounting or finance or related field. Pursuant of graduate degree in related field

Experience Requirements:
  • 2-5 years of financial budget analysis and contract management or related experience

Desired Skills:
  • Proficient in excel, Strong business writing skills
  • Not-for-profit, foundation or government experience preferred.
  • Accounting skills. Accounting experience in Microsoft Dynamics GP preferred
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