The Financial Analyst will assist the Associate Vice President for Financial Affairs in the University of the District of Columbia, Office of the Chief Operating Officer in the handling of day-to-day financial responsibilities. Incumbent is expected to perform most assigned duties with a high degree of independence, professionalism, initiative, and efficiency, exercising judgment and attention to detail.
Essential Duties and Responsibilities
Responsible for transforming data into comprehensive reporting for business management decision making.
Responsible for monitoring and reporting of all expenditures and revenue transactions for the University, ensuring compliance with University, District, and federal laws; regulations; policies; and operating agreements. Ensures that funds are efficiently controlled and that fiduciary reports accurately reflect results of financial operations.
Researches and analyzes a variety of financial documents/information, including fund balances, cash management, revenues, expenditures, and cost projections in order to identify discrepancies and provide direction and support, make recommendations, and maximize the use of funds to ensure that institutional operations are effective and efficient.
Assists in the development of fiscal impact statements for all resolutions coming before the Board of Trustees, examining assessment criteria, financial benefits or risks, and availability of funds.
Contributes to the preparation of financial briefings and presentations for executive leadership, financial managers, and key stakeholders.
Creates, maintains, revises and/or reformats daily, weekly, monthly, and annual financial reports as required for submission to supervisor. Designs and creates charts and graphs to illustrate financial reports.
Responsible for operational analysis with the ability to incorporate best practices by assessing, revising, and/or streamlining processes that optimize workflow and meet cross-functional business goals to ensure the successful delivery of service to all stakeholders.
Ensures that statutory requirements to control funds in accordance with applicable legislation are properly executed. Advises administrators, faculty and staff on policies and procedures relating to the budget, purchasing, and accounting and meets with them as designated. Maintains budgetary controls on expenditures prior to approving purchase requests.
Develops and maintains program level and institutional level performance metrics and presentations on program financial matters for senior management.
Coordinates with the Office of Sponsored Programs and the Office of Title III on grant activity for inclusion in reports as required. Coordinates with the Foundation on donor activity for inclusion in reports are required. Coordinates with UDC Human Resources on reconciling personnel reports to financial reports, ensuring accuracy.
Maintains knowledge and stays abreast of developments in the areas of private grant funds, District of Columbia and federal budget and finance as it relates to the university.
Protects fiscal operations by keeping financial information confidential.
Maintains technical knowledge by reviewing publications and participating in workshops, seminars, and conferences as appropriate.
Maintains database by entering, verifying, and backing up data as needed.
Performs other duties as assigned.
Minimum Job Requirements
Bachelor’s degree of Business, Business Administration, Accounting, Budget & Finance or a related field required.
At least three years of experience in a comparable position required.
Higher education experience preferred.
Intermediate or better knowledge of MS Excel. Intermediate knowledge is defined as familiarity and competency in PivotTable construction and manipulation, data validation, and more advanced formula creation (IF-THEN, TRANSPOSE, VLOOKUP, etc.)